Airline Stocks Whacked as Oil Near Highest Level in a Year, LUV Disappoints

Airline stocks are getting beaten up today amid a broad-based sell-off in the major averages. Also affecting stocks in the group today are oil prices which have quietly crept to the highest levels in nearly a year and continued negative sentiment related to Southwest Airline's (NYSE: LUV) disappointing earnings yesterday.

The Claymore/NYSE Arca Airline ETF (NYSE: FAA), cleverly tickered "FAA", is down about 2% today.

Although down about 20 cents today, crude oil has surged about 17% to over $77 during the last month. The last time crude trading around this level was the beginning of November 2008.

Around the sector:

• Delta Air Lines (NYSE: DAL) flat at $9.07
  
• Southwest Airlines down 0.1% to $9.46
  
• AMR Corp. (NYSE: AMR) down 2.4% To $7.66
  
• Continental Airlines (NYSE: CAL) down 4% to $16.03
  
• JetBlue (Nasdaq: JBLU) down 1% to $5.69
  
• UAL Corp. (Nasdaq: UAUA) down 2.6% to $7.44
  
• AirTran (NYSE: AAI) down 4.4% to $4.97
  
• US Airways (NYSE: LCC) down 3.8% to $4.35

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