Crude oil prices surged $2.99 to settle at $116 per barrel sending shares of airline stocks AMR Corp. (NYSE: AMR) plunging $1.33 to close at $10.86, Continental Airlines Inc. (NYSE: CAL) plummeting $2.12 to close at $15.76, and Northwest Airlines Corp. (NYSE: NWA) tumbling $1.14 to close at $10.07.
Surging Oil Prices Weigh Down Airline Stocks
August 13, 2008 at 18:25 PM EDT
