JetBlue: Airlines better set to deal with high energy prices
CEO of JetBlue Airways, David Barger, believes the US airline industry, and JetBlue in particular, is well positioned to deal with the rising cost of oil. The industry approach is more "rational", with airlines adopting smarter and more disciplined approaches to hedging and pricing.
- JetBlue CEO believes US airline industry is well positioned to handle rising oil costs.
- Airlines adopting smarter and more disciplined approaches to hedging and pricing.
- JetBlue shares up 5.5% in a stronger day of trading for most low-cost carriers.
- Southwest Airlines, AirTran, and Allegiant also experience gains in share prices.
- Air Arabia approves an 8% cash dividend proposal after reporting a net profit in 2010.
- Air Arabia shares up 3.2% on Monday.
Shares in JetBlue were up 5.5% yesterday, in a stronger day of trading for most LCCs. Also in the US, Southwest Airlines and AirTran were up 0.7%, while Allegiant gained 3.2%.
Elsewhere, Air Arabia's annual general assembly approved the proposal by the company's board for an 8% cash dividend. The carrier reported a 2010 net profit of AED309.6 million (USD80.2 million). Shares in Air Arabia were up 3.2% on Monday.
Selected PEA daily share price movements (% change): 21-Mar-2011
