US airlines stocks soar

Airline stocks hit their highest levels for 14 years, with the Bloomberg US Airlines Index increasing by 3.5%. United Continental Holdings shares led the charge increasing by 6.5%. The gains were caused in part by the fact that JPMorgan raised earnings estimates for six US carriers. Jamie Baker revised his price target for United target to $95.50 from $74.50, while his target for American Airlines Group rose to $80.50 from $64.50. Baker said investors are worried the predicted profits are false since they are so high and are being driven only by the decline in fuel prices, when in fact