24-Aug-2009 3:35 PM
Republic Airways jumps again as market rises on strong tide. Continental up and Expressjet soars on
Analysis
All North American and the majority of South American carriers' stocks were up on Friday (21-Aug-09), as the wider market rose, following the announcement of improved home sales and positive comments on the state of the economy from Federal Reserve Chairman, Ben Bernanke, stating the prospects for a recovery in the economy in the near term are "good". As a result, the AMEX Airline Index (+3.3%) and Dow (1.7%) were up, as were oil prices (+1.3%), to USD73.89.
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