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Airline stocks up

9rj9

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Delta (DAL: news, chart, profile) was one runaway leader as the Atlanta-based company, widely perceived as one of the few relatively healthy carriers, rose over 6 percent to $17.65.

ATA Holdings (ATAH: news, chart, profile) was up almost 5 percent at $5.24. After the bell Tuesday, the small-fry carrier announced cuts in capacity, joining an increasingly crowded filed of airlines that have cut back. See full story.

Continental (CAL: news, chart, profile) rose 6.5 percent to $9.69. The company announced its plan to ground planes and jack up fees earlier Wednesday.

AMR Corp.(AMR: news, chart, profile), parent of No. 1 carrier American, swung its meat-axe earlier on the month; ditto bankrupt US Airways(U: news, chart, profile). Shares in AMR were up over 7 percent at $10.

US Airways has been suspended since it went belly-up. .

UAL Corp. (UAL: news, chart, profile), parent of teetering United Airlines, was off 2 cents at $3.20. On Wednesday, United's pilots shelved planned vote on pay cuts. Earlier this summer, the union had agreed to a 10 percent reduction but the company is apparently now pushing for more as it attempts to stave off Chapter 11.

Elsewhere in the sector, Southwest (LUV: news, chart, profile) was up 2.5 percent at $13.79; Northwest (NWAC: news, chart, profile) gained 7 percent to $9.87; and JetBlue (JBLU: news, chart, profile) tacked on almost 2 percent at $38.92.
 
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