29-May-2009 3:15 PM
AirTran, United Airlines, Allegiant, JetBlue hit by oil price. Air Canada, GOL and TAM up
Analysis
AirTran (-4.3%), United Airlines (-3.1%), Allegiant (-2.6%), JetBlue (-2.1%) stocks were the biggest losers, against a rising Dow Jones Index, as oil prices pushed up to USD65, although jet fuel price increases lagged that increase. Air Canada (+2.9%), GOL (+2.1%) and TAM (+1.9%) swam against the trend, as did Southwest Airlines (+1.1%), which remains relatively well hedged.
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