Airline Stocks Taking-Off as UAL Reports Strong Monthly Traffic Results; Investors Shrug at Flight Delays (UAUA, DAL, LUV, AMR, more)

Airlines stocks are rallying sharply today on the back of better-than-expected January traffic results from one of the larger US operators, UAL Corp. (Nasdaq: UAUA). Traders may be buying other airline stocks with hopes that these too will also report solid monthly figures.

Also affecting traders decisions today, JPMorgan issued a note saying that it was very close to upgrading UAL, AMR and US Airways following the UAL traffic results.

Surprisingly, investors in the airline sector are shrugging off the potential impact of hundreds of flight delays across the country due to a winter storm.

Around the sector:

• UAL Corp. - up 13.9% to $14.88
  
• Delta Air (NYSE: DAL) - up 8.4% to $12.19
  
• Southwest Airlines (NYSE: LUV) - up 3.3% to $11.62
  
• AMR Corp. (NYSE: AMR) - up 9% to $7.98
  
• Continental Air (NYSE: CAL) - up 7% to $18.60
  
• JetBlue (Nasdaq: JBLU) - up 6.6% To $5.04
  
• US Airways (NYSE: LCC) - up 7.4% to $6.37

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