UAL (UAUA) Leading US Airline Group Higher Following Q3 Results

October 20, 2009 1:57 PM EDT

UAL Corp. (Nasdaq: UAUA) is leading the U.S. Airline sector higher today following much better-than-expected Q3 results this morning.

The U.S.'s sixth largest airline by market cap reported a quarterly adj-loss of $0.43, a whole 51 cents better than what analysts had been expecting. On sales, UAL slightly missed the $4.34 billion Street consensus, reporting revenue of $4.11 billion.

Traders have bid-up UAL shares by more than 8% today, with the last quote coming in at $7.85. The positive sentiment related to UAL has caused investors to take another look at other U.S. airlines: the Claymore/NYSE Arca Airline ETF (NYSE: FAA), although thinly traded, is up about 0.2% today.

Elsewhere in the group:

• Delta Air (NYSE: DAL) up 0.4% to $9.03
  
• AMR Corp. (NYSE: AMR) up 2% to $7.60
  
• Continental Airlines (NYSE: CAL) up 0.9% to $15.83
  
• JetBlue (Nasdaq: JBLU) up 1.3% to $6.01
  
• Allegiant Travel (Nasdaq: ALGT) up 3% to $40.82
  
• US Airways (NYSE: LCC) up 3.5% to $4.32

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