US Airways and ExpressJet soar, United, Alaska and Continental higher
North and South American airline stocks moved higher on Friday, led by US Airways (+8.4%) and ExpressJet (+8.2%).
- North and South American airline stocks experienced a positive trend, with US Airways and ExpressJet leading the way with significant gains.
- ExpressJet reported a substantial increase in traffic and load factor for May 2010, driven by a capacity increase.
- United Airlines and Continental, which are in the process of merging, saw their stocks rise as discussions with pilots for a transitional arrangement progressed.
- The article provides a link to a Country Profile on US Aviation for further information.
- The data presented in the article is sourced from the Centre for Asia Pacific Aviation and Yahoo! Finance.
- The specific date of the share price movements mentioned in the article is June 11, 2010.
ExpressJet reported a 29% year-on-year increase in May-2010 traffic, on a 24% capacity increase, resulting in a 2.9 ppts increase in load factor. ExpressJet ended May 2010 with a fleet of 244 aircraft consisting of 206 operating as Continental Express, 32 flying as United Express and 6 flying within Corporate Aviation (charter).
Merger partners, United Airlines and Continental gained 3.8% and 3.4%, respectively, as reports emerged that discussions have commenced with the airlines' pilots to have a transitional arrangement in place by the end of 2010, ahead of the close of the merger.
See CAPA Country Profile on US Aviation.
North & South America selected airlines daily share price movements (% change): 11-Jun-2010
