Sector Snap: Airlines Up on Buyout Talk |
| Houston Chronicle - Nov 23, 2007 |
Airline stocks rose Friday on lower oil prices, buyout speculation and reports of short lines and few delays during the first leg of holiday travel.
The Amex Airline Index rose 2 percent in morning trading. Light, sweet crude oil for January delivery fell 99 cents to $96.30 a barrel on the New York Mercantile Exchange. Fuel is one of the airline industry's biggest costs.
Shares of UAL Corp. rose $1.14, or 2.9 percent to $40.14 after a Business Week report that the company is still reviewing consolidation options despite denials from UAL and Delta Air Lines Inc.
An official with knowledge of the situation told The Associated Press last week that UAL and Delta have been discussing a combination that would keep the United name and the corporate headquarters in Chicago. Delta and United later denied they had any merger talks.
Read Full Article from Houston Chronicle
- Posted: 2007-11-23 12:48:47
| More Stock Investor Place Financial News |
 |
|
|
|
| Stock Investor Place Financial News Archive |
|
|
|
