26-Jun-2009 1:10 PM
United Airlines, Delta and American shares surge as US airline stocks bounce back on fare rise
Analysis
Major US airlines enjoyed a very strong day yesterday as the Wall Street casino roared back to life, retracing all of the start-of-week losses. Delta Air Lines (+9.0%), American Airlines (+8.4%) and United Airlines (+12.6%) have raised most domestic fares by up to USD20 return - the second increase in as many weeks - which suggests deep capacity cuts are finally having the desired effect.
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