Airline stocks dive as oil price soars

9/24/2008 10:22:39 AM

Stocks of major US airlines fell sharply on Monday as oil prices soared to their biggest one-day gain on record, Reuters reported.   Shares of American Airlines parent AMR Corp fell 13 percent to $11.21, while Continental Airlines stock slipped about 9 percent to $16.81.   United Airlines parent UAL Corporation's stock dropped about 11 percent to $11.80, and Delta Air Lines slumped 10 percent to $8.70. US Airways Group and Northwest Airlines were also down.   The prospect of a federal government rescue to address the crisis in the financial services sector improved the outlook for energy demand in the United States.   CargonewsAsia

RELATED NEWS

OTHER NEWS

Hungarian developer plans new airport (9/24/2008 10:22:09 AM) London mayor proposes Heathrow shutdown (9/23/2008 10:24:28 AM) Finance crisis will hit airlines (9/22/2008 10:14:49 AM) Qatar Airways introduces new cargo route to Spain (9/22/2008 10:14:18 AM) Virgin Blue adds Bali flights (9/20/2008 8:53:40 AM) Air China delays plan to bid for China Eastern (9/19/2008 9:20:43 AM) Allied to operate MD11F freighter services (9/19/2008 9:20:25 AM) BA World Cargo to lower fuel charge (9/19/2008 9:19:53 AM) BAA to sell Gatwick (9/19/2008 9:19:22 AM) Etihad and Malaysia Airlines in codeshare agreement (9/17/2008 10:22:17 AM)

COMMENTS

Your comment

Content: Email / Name / Tel:

The most comprehensive and easy-to-use global marine weather application

With the Courtesy of Bao Hoang Yachts Co. Click "HERE" to get your own 30day free trail or contact Ms Phuong Bui at Vietnam Shipper: phuongbq@vil.com.vn / 08.39330 148