Southwest Airlines’ purchase of AirTran to close in 2Q2011
Meanwhile Soleil Securities upgraded Southwest from “hold” to “buy”, with a price target of USD15. The airline’s shares rose 2.3% on Friday to close at USD12.93 per share.
AirTran’s shares gained 0.8%, while Allegiant rose 0.3% and JetBlue declined 1.6%.
Selected LCCs daily share price movements (% change): 17-Dec-2010