Airliners Flying Higher Today

Airline stocks are moving higher Tuesday due to weak crude oil futures. The outlook of the industry remains favorable with oil prices staying relatively low, and the industry as a whole is moving higher as a result.

A new executive hire was also revealed, as United Continental Holdings Inc UAL hired Scott Kirby, former President of American Airlines.

Related Link: United Airlines' New President Hire Is An 'Overwhelming Positive' Says Credit Suisse

Here's a look at how some major airline stock are moving:

• United Continental - up 9 percent at $51.18
• Delta Airlines, Inc. DAL - up 2.5 percent at $37.47
• Southwest Airlines Co LUV - up 2.3 percent at $37.29
• Alaska Air Group, Inc. ALK -  up 1.8 percent at $68.23
• Hawaiian Holdings, Inc. HA - up 2.4 percent at $46.93
• American Airlines Group Inc AAL - up 3 percent at $37.29
• JetBlue Airways Corporation JBLU - up 2.6 percent at $16.16

Airbus Delivers First A320 NEO

Airbus Group also announced it has delivered its first Airbus A320 NEO to South American airline provider LATAM Airlines Group SA LFL. The new plane is expected to be welcomed addition to the industry because it's a smaller plane with better fuel efficiency and longer range. This allows companies to open up new routes that weren't necessarily feasible in the past.