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Shares of airlines across the board rose today after reports that capacity cutbacks may be the solution to waning profitability. The CEOs of Southwest and Delta were particularly vocal on the need for capacity paring.

Airline stocks appeared to be making a comeback from their lows in advance of the resolution on the debt ceiling, but results from across the sector proved otherwise today.

A potential end in sight for the conflict in Libya led shares of airline stocks higher in morning trading. By the end of the day though, higher oil prices brought the major carriers back to lows.

Airlines have had a tough year and have been the victim of analyst flip flopping on their future. Their close ties with the state of the economy have discouraged buying but some of these look ripe for a contrarian buy.

Airline stocks have been losing ground throughout 2011 but many appear to be striking a balance in terms of compensating for the higher overhead caused by a rise in jet fuel prices.

Every component on the airline subsector was up for the day after the major carriers announced intentions to continue the capacity discipline in spite of strong demand.

optiontips.in Reform' stocks - The market lingo for stocks that have benefited from the government's recent policy decisions in some sectors such as retail, aviation, and power - are going places. The decision to allow up to 51% foreign direct investment (FDI) in multi-brand retail has propelled stocks of Pantaloon, Shoppers Stop, and Trent. After the announcement on September 12, the ET Retail index has gained 13.21% against the 3.93% gain of the BSE Sensex. The shares of Spicejet BSE 1.74 %, too, have gone up by 8.86% after the government decided to allow FDI in aviation up to 49%. Shares of Jet AirwaysBSE 1.54 % didn't react to the news, but Kingfisher Airlines BSE -4.80 % gained 20.4%. Similarly, the financial restructuring.... Read More on: http://www.kyachadega.com/2012/10/stock-market-uncertainty-only-buy.html

International package delivery service, FedEx, reduced its yearly earnings projection today, leading the transportation sector lower on claims of a sluggish economy with few signs of picking up.