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Airline shares were mostly lower Friday as oil prices took a breather and slid lower.
Benchmark crude for July delivery fell 77 cents to $71.91 on the New York Mercantile Exchange, the first time oil prices have fallen in several days.
The AMEX Airline Index was unchanged.
Alaska Air Group (ALK Quote), operator of Alaska Airlines and Horizon Air, said its board approved the buyback of up to $50 million of its common shares. The Seattle-based company said it will use cash for the repurchases. In 2007 and 2008, Alaska Air Group repurchased nearly $112 million of its common shares. Its stock rose 5% to close at $16.38....
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| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 10,328.89 | 1,102.47 | 2,211.69 | 35.46 |
Oil *
73.88
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|
UP
20.63
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UP
6.40
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UP
31.64
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UP
0.59
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10 Yr
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SPDR Gold
108.95
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+0.58%
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+1.45%
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+1.69%
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