Airlines Stocks Are Taking Off As The Oil Price Crashes

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.

NOW WATCH: Money & Markets videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at research.businessinsider.com.au.