By Christopher Hinton (MarketWatch)
-Airlines stocks were up Wednesday morning as benchmark oil prices fell below $80 a barrel. At last check, the NYSE Arca Airline Index (XAL 35.79, +0.93, +2.67%) rose nearly 1% to 35.09 points with all but one of its 13 components trading higher. Shares of US Airways (LCC 5.38, +0.30, +5.91%) rose 1.6% to $11.36, American parent AMR Corp. (AMR 8.12, +0.31, +3.97%) added nearly 1% to $7.89 and Alaska Air (ALK 37.45, +1.34, +3.71%) rose half a percentage point to $36.32. Crude oil for February delivery fell $1.04, or 1.3%, to $79.75 a barrel in electronic trading after U.S. petroleum inventories grew due to lack of demand. In recent years, jet fuel has become airlines largest cost.

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