Airlines stocks fell Tuesday after the U.S. Justice Department and the attorneys general of six states and the District of Columbia filed suit to stop the proposed merger between US Airways Group and American Airlines' parent company, AMR. The deal, which would create the world’s largest airline measure by passenger miles, is argued to cause substantial harm to consumers. "This transaction would result in consumers paying the price-in higher airfares, higher fees and fewer choices," said Attorney General Eric Holder in a statement.
Alaska Air Group, Inc. (NYSE: ALK) shares traded in the range of $56.52 to $60.95 Tuesday before settling to close at $58.68, a decrease of 3.18 percent. The stock appears to be facing some resistance at the $59.03 and $59.63 levels with some support $57.59. Shares of Alaska Air Group have gained approximately 36.0 percent in 2013.
More information on Alaska Air Group and access to the free equity report can be found at:
www.WallStreetFundamentals.com/ALK
Delta Air Lines, Inc. (NYSE: DAL) shares traded in the range of $18.53 to $21.31 Tuesday before settling to close at $19.55, a decrease of 7.08 percent. The stock appears to be facing some resistance at the $19.73 and $20.61 levels with some support at $19.36. Shares of Delta Air Lines have gained approximately 65.0 percent in 2013.
More information on Delta Air Lines and access to the free equity report can be found at:
www.WallStreetFundamentals.com/DAL
JetBlue Airways Corporation (NASDAQ: JBLU) shares traded in the range of $6.08 to $6.40 Tuesday before settling to close at $6.27, a decrease of 1.42 percent. The stock appears to be facing some resistance at the $6.34 and $6.44 levels with some support at $6.16. Shares of JetBlue Airways have gained approximately 10.0 percent in 2013.
More information on JetBlue Airways and access to the free equity report can be found at:
www.WallStreetFundamentals.com/JBLU
Spirit Airlines Inc. (NASDAQ: SAVE) shares traded in the range of $32.60 to $35.22 Tuesday before settling to close at $32.69, a decrease of 4.89 percent. The stock appears to be facing some resistance at the $33.73 and $34.93 levels with some support at $32.35. Shares of Spirit Airlines have gained approximately 84.0 percent in 2013.
More information on Spirit Airlines and access to the free equity report can be found at:
www.WallStreetFundamentals.com/SAVE
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