The overall market's been down, WTI is up about 4% in the past 2 weeks, and a lot of the 120 day UCC's are probably cashing out. All pushing the PPS down.
Jet fuel doesn't really track with crude like it used to. For the past 3 years, the % price swings on jet are much smaller than WTI. Jet is much more stable, so swings in WTI shouldn't affect airline stocks as much as they used to.
So long as AAL's 1Q earnings keep it on pace for a 4.61 $/share year, or thereabouts, everything should be fine.
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