05-Aug-2009 2:50 PM
United Airlines, US Airways, American Airlines lead the charge, following positive passenger traffic
Analysis
Wall Street rose again on Tuesday (04-Aug-09), following reports of increasing consumer spending, with the Dow (0.33%) up at the end of trading. As a result, the majority of North and South American airline shares improved, with the Bloomberg US Airline Index rising 3.9%, also reflecting improved Jul-2009 passenger traffic by some carriers. Oil prices (-0.2%) meanwhile fell to USD71.42 after a four-day 13% rally.
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