CEO of JetBlue Airways, David Barger, believes the US airline industry, and JetBlue in particular, is well positioned to deal with the rising cost of oil. The industry approach is more "rational", with airlines adopting smarter and more disciplined approaches to hedging and pricing.
Elsewhere, Air Arabia's annual general assembly approved the proposal by the company's board for an 8% cash dividend. The carrier reported a 2010 net profit of AED309.6 million (USD80.2 million). Shares in Air Arabia were up 3.2% on Monday.
Selected PEA daily share price movements (% change): 21-Mar-2011