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market mover

Airline stocks rally as Delta, US Airways post gains

Airlines have been “doing a very good job of preemptively reducing capacity growth to keep it in line with demand,” said Michael Derchin, a CRT Capital Group analyst.

Andrew Harrer/Bloomberg News

Airlines have been “doing a very good job of preemptively reducing capacity growth to keep it in line with demand,” said Michael Derchin, a CRT Capital Group analyst.

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US Airways Group was a top performer in the Bloomberg US Airlines Index, which rose 3.4 percent. Passenger revenue for each seat flown a mile, a key measure, rose 1 percent at US Airways. Companies are making “core” business trips but some have cut discretionary travel, US Airways said, and pricing remains strong, as does the leisure travel market.

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