Airlines outperformed S&P 500 last year by a wide margin
U.S. airline stocks in the Standard&Poor's 500 outperformed the index as a whole by a wide margin during 1997. Airlines rose 68.2%, compared with S&P 500's 31% gain. In the fourth quarter, the spread was 23.9% for airlines and 2.4% for the S&P 500. (See charts on Pages 17-19.)
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