American Airlines and Continental up; as Air Canada falls back to reality

Shares of American carriers were mixed on 31-Jul-09, as the Dow rose a modest 0.2% but oil prices rose 3.8%, to USD69.45. However, despite these increases, the "path to recovery" for the US economy remains long haul, according the Conference Board, after estimating the US economy contracted -1% in 2Q2009, compared to 1Q2009.