United Airlines and Continental Airlines announced plans to raise fares on many US routes by USD10 per round trip. The last attempt to raise fares by US carriers failed when others did not follow American Airlines’ lead.
JetBlue shares lead an upward trend for US airline shares, jumping 5.5%. JetBlue CEO David Barger said he believes carriers, specifically his company, are well positioned to handle rising oil prices. The only US carriers trading down on Monday were Republic Airways (-1.3%) and Delta Air Lines (-0.7%).
Selected AAD daily share price movements (% change): 21-Mar-2011
Want more analysis like this? CAPA Membership gives you access to all news and analysis on the site, along with access to many areas of our comprehensive databases and toolsets.
Find out more and take a free trial.