Citi's rescue boosts airline stocks

MarketWatch reports the government's bailout of Citigroup restored investor confidence in airline stocks and gave the sector a much-needed boost. The Amex Airline Index was up 10 percent Monday and all of its 13 components were "in the green."

Investors apparently saw the bailout as a sign that a long and painful recession that would severely halt travel spending may be averted. The financial sector is also a major contributor to the airline business, especially in trans-Atlantic travel. 

Shares of United Airlines were up about 16 percent while American Airlines rose roughly 15 percent Monday. 

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