27-Jul-2010 12:35 PM
FedEx upgrades outlook; Continental and United Airlines in process of selecting senior officials
Analysis
North and South American carriers' stocks surged higher on Monday (26-Jul-2010), following the release of improved US home sales data during trading, showing signs of an economic recovery that could lead to improved demand. The Dow (+1.0%) moved higher as a result, as did the AMEX Airline Index (+2.9%).
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