Airliners, Led By JetBlue, Are Rising

Shares of JetBlue Airways Corporation JBLU rose more than 3 percent on Friday after the company announced several new routes including Mint service between Boston' Logan International Airport and San Francisco International Airport.

JetBlue also announced a partnership with Major League Baseball to offer its passengers free in-flight access to MLB.TV that offers more than 2,500 live and archived games on demand per season.

Investors Focusing On June Traffic

United Continental Holdings Inc UAL released its June passenger metric results on Thursday. The airliner said that its June consolidated ASM (average seat miles) rose 2.2 percent while domestic ASMs rose 4.7 percent. Domestic revenue passenger miles rose 3.8 percent while International revenue passenger miles rose 1.4 percent.

The company's estimated average price per gallon of fuel (excluding hedges) of $1.98 was roughly in line with May's estimated $1.94 to $1.99 range.

Investors also cheered American Airlines Group Inc AAL's announcement that June revenue passenger miles rose 2.8 percent to 20.4 billion while total passenger load factor rose 0.4 percent to 85.4 percent from the same month a year ago. At the same time, the company said that it expects second quarter consolidated passenger venue per available seat mile to be down 6 to 8 percent year-over-year.

Oil Positive After Thursday's Rally

CNBC reported that brent crude futures were trading higher by $0.31 at $58.92 just after noon. The commodity traded as high as $59.66 during Friday's trading session after rising more than 3 percent on Thursday.

CNBC also noted that front-month U.S. crude futures were higher by $0.21 at $52.99 per barrel after bouncing off lows of just below $52.