Surging Oil Prices Weigh Down Airline Stocks

August 13, 2008 2:25 PM |

Crude oil prices surged $2.99 to settle at $116 per barrel sending shares of airline stocks AMR Corp. (NYSE: AMR) plunging $1.33 to close at $10.86, Continental Airlines Inc. (NYSE: CAL) plummeting $2.12 to close at $15.76, and Northwest Airlines Corp. (NYSE: NWA) tumbling $1.14 to close at $10.07.

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