29-Jan-2009 5:14 PM
Continental, Delta, US Airways and other majors receive temporary updraft. US airline shares
Analysis
Someone is making and losing lots of money on the wild airline swings on the US stock exchange. On Tuesday, the lurch was to the left, as major airlines like Delta lost up to 20% of value. Wednesday saw several making substantial gains. Continental Airlines moved up 12.7%, Delta recovered half of the previous day's losses and US Airways (8.8%), American (7.0%) and United (6.2%) all gained Air Tran, despite announcing a rare loss, also added 6.6%.
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