15-Jun-2009 4:38 PM
United lags, Delta, FedEx, UPS and LCCs mostly down. Alaska rises on share buyback announcement
Analysis
United Airlines (-7.0% - see below), Delta (-4.2%), FedEx (-3.2%), UPS (2.4%) all lost ground on Friday, with United going to lengths to rebut suggestions that the company might breach debt covenants. Alaska Airlines (+5.0% - see below) however went against the flow following an announcement of a proposed share buyback.
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