18-Dec-2009 4:30 PM
United Airlines and American Airlines forecast 4Q2009 losses; FedEx reports 1H2009-10 profit
Analysis
North and South American carriers stocks tumbled on Thursday (17-Dec-2009), in line with the wider market, as jobless claims rose for the second consecutive week. As a result, the AMEX Airline Index fell 2.2%, as the Dow fell 1.3%. The fall in stock prices occurred despite a 1.0% drop in oil prices, to USD71.96.
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