Airlines (DAL) (UAL) (AMR) Jump on Lower Oil

The drop in crude oil prices today gave the airline sector a needed breather, as shares of Delta Air Lines (NYSE:DAL), United Continental Holdings Inc. (NYSE:UAL) and AMR Corp. (NYSE:AMR) were all making big upward moves in response to the positive move.

Crude prices were trading a little over $106 a barrel after closing on Friday over $112 a barrel.

The NYSE Arca Airline Index was also up today by 1.7 percent

AMR Corporation was trading at $5.895, up $0.1150, or 1.99 percent, as of 2:48 PM EDT. United Continental Holdings Inc. was at $21.81, gaining $1.28, or 6.26 percent. Delta Air Lines was trading at $9.94, rising 0.51, or 5.46 percent.