My Account Menu

CAPA Login


Register to trial CAPA Membership!

FedEx hopeful of retaining status. GOL, UPS, Allegiant rise, but most airline stocks fall

17-Jul-2009

FedEx (+7.7%) stocks rose following the introduction in the Senate of a bill which would counteract the House of Representatives proposal designed to withdraw the carrier’s unique status which allows it to avoid unionisation.

GOL (+4.9%) continued its strong rise (see graph below), while UPS (+4.8%) and Allegiant (+3.9%) showed good increases, as oil prices eased marginally downwards and online SmarTrend issued a “bullish” outlook on the airline’s stock.

But, despite another positive day on Wall Street, most airline stocks fell. Hawaiian (-4.3%) led the way down, as weak tourism outlook softens the island state’s economy.

North & South America selected airlines daily share price movements (% change): 16-Jul-09

GOL continues strong rise

Rising on a bullish outlook for the regional economy, GOL stocks have performed well over recent weeks and its performance has been stellar since hitting lows in mid Apr-2009.

GOL share price growth: Jan-2009 to Jul-2009


Want more analysis like this? CAPA Membership gives you access to all news and analysis on the site, along with access to many areas of our comprehensive databases and toolsets.
Find out more and take a free trial.