Airline Stocks Take Off On American Airline Outlook

Airline stocks took to the skies in pre-market action Wednesday following an upbeat report http://www.benzinga.com/news/14/07/4689791/american-airlines-shares-trading-higher-on-strong-june-traffic from American Airlines AAL.

The sector had been depressed of late partly over news Tuesday that Air France-KLM AFLYY cut its profit outlook by 12 percent.

American offered reassurance Wednesday that it expects second-quarter passenger revenue per available seat mile to grow 5.5 percent to 6.5 percent from a year earlier.

American gained more than 5 percent pre-market; Delta Air Lines Inc. DAL followed with a gain of 3 percent to $37.55

United Continental Holdings Inc. UAL rose 2.4 percent to $40.49 and Southwest Airlines Co. LUV was up 3 percent to $27.51.