30-Oct-2009 4:45 PM
Delta merger of Northwest a “success”; Air Canada expects industry to recover in 12 to 18 months
Analysis
The AMEX Airline Index rose 2.7% on Thursday (29-Oct-2009), with the majority of North and South American carriers seeing an improvement in stock prices, as the Dow (+2.1%) gained on news the US economy grew at a pace of 3.5% in 3Q2009. The result was the best for the economy in two years, reflecting the US Government stimulus support.
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