01-Jul-2009 11:25 AM
United’s share price continues to crumble, American and Republic lower – Stock Wrap
Analysis
United Airlines' share price dropped a further 8.1% yesterday as investors consider the implications of its USD175 million debt issue last week, seen by many as a sign of increasing desperation by the carrier. A Fitch Ratings spokesman told Bloomberg, "paying 17% for debt is not where you want to be".
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