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United Airlines narrows 3Q2009 losses; Citigroup initiates coverage of select carriers

Analysis

The majority of North and South American carriers' stocks were up on Tuesday, following the release of improved 3Q2009 financial results from United Airlines (+8.8%), Allegiant (+4.6%) and Hawaiian Airlines (+0.1%). The AMEX Airline Index rose 0.9% as a result. The wider market slipped, with the Dow ending trading down 0.5%.

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