21-Sep-2009 3:10 PM
US airline stocks finally retreat, American Airlines down on back of 3Q2009 forecast
Analysis
The AMEX Airline Index's (-1.2%) 11-day rally has ended as the majority of carrier stocks fell on Friday (18-Sep-09). The drop was the result of weakness in the wider market, with the Dow down 0.3%. Oil prices (-0.6%) were also down, to USD72.04.
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