Airline Stocks Trying To Pull Out Of Stall

DALLAS (AP) - Volatile oil prices and massive storm-related flight cancelations help push airline shares down by 10 percent in less than a month.

The stocks rallied Monday, as oil prices fell and Southwest Airlines Co. reported a big jump in January traffic.

Southwest says traffic last month rose 13 percent from January 2010, and a key revenue measurement increased between 8 percent and 9 percent, reflecting higher prices. The report offered more evidence that travel demand is still rebounding from the worst of the recession.

The news helped Southwest shares rise more than 2 percent, and other airlines gained too.


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