If you hold airline stocks, you’re probably jumping for joy.
Plummeting global oil prices are producing a welcome perk for airlines stock prices, with all the global leading firms on a positive path.
The growth has been consistent in the last few weeks, as shown by the graphic below, but most stocks received a real boost after OPEC ruled it will not cut production in the near future.
Air China leads the way, but many other airlines are having a good time.
Cost of fuel is one of the main operating costs for airlines, and with Brent crude currently trading at less than $US73 a barrel, it’s happy days at airline HQs.
Here are the stock prices of a few airline companies, as you can see the trend is common to quality airlines (Lufthansa) as well as low-cost (easyJet) and from Australia to the US.