03-Jul-2009 12:50 PM
FedEx, UPS and US LCCs hit hard by weak US jobs report – Stock Wrap
Analysis
US airline stocks were dragged down by the US Labor Department report showing the US economy shed a further 467,000 jobs in Jun-2009 - 100,000 more than market expectations - and pushing the US unemployment rate to a 26-year high of 9.5%. But oil prices tumbled by close to 4%, which muted the overall hit on airline stocks.
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