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Airline stocks rose as oil prices fell, despite a telecom failure that disrupted more than 1,000 New York-area flights.
Transcript
00:00It's Benzinga, bringing Wall Street to Main Street.
00:02A failed telecom circuit at a Philadelphia air traffic facility shut down major New York City
00:06area airports for hours Monday, disrupting more than 1,000 flights during the United Nations
00:11General Assembly, according to Reuters. Airline stocks still rose as falling oil prices supported
00:17the sector. United Airlines gained 5.18 percent, Delta Airlines rose 3.77 percent, American Airlines
00:24climbed 4.71 percent, and Southwest Airlines added 1.60 percent. WTI crude fell below $95.50
00:32a barrel after President Trump indicated he was open to diplomacy with Iran. Airline stocks
00:38remained below their late June peaks following the U.S.-Iran conflict and a surge in oil prices.
00:43According to CNBC, about 250 Newark flights were delayed Monday and 67 inbound flights
00:49were diverted. For all things money, visit Benzinga.com.
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