Airline stocks on the rise

Airline stocks are performing at high levels following a period of intense consolidation in the industry, Bloomberg Business reports.

Stocks for the recently merged American Airlines and US Airways were trading at $30.02 at the end of last week, according to the report.

Additionally, shares for Delta, Southwest and JetBlue airlines all reached 52-week highs this month, and United Airlines was just below its record level, the report said.

Financial analysts analyst Hunter Keay of Wolfe Research said the airline industry’s performance was a testament to its recent restructuring efforts.

“The market finally seems to be rewarding the stocks,” Keay told Bloomberg.