| |
| Please Note - Streaming News is only available to subscribers to the Active Level and above |
|
|
|
Wall Street airlines - Delta, Continental lead airline index higher
AFX
|
|
SAN FRANCISCO (AFX) -- Advancing shares of Delta Air Lines and Continental Airlines helped drive the Amex Airline Index 1% higher in Monday trading.
ExpressJetHoldings added 2.3% to $10.08 in early dealings, while Continental Airlines rose 2.1% to $15.65.
Last week, ExpressJet and Continental both reported second-quarter profits despite record fuel costs.
Meanwhile, Delta saw its stock regain 1.7% to $3.54.
Among the index components trading lower, Southwest Airlines slipped 0.2% to $14.37.
Northwest Airlines lost 0.9% to $4.56.
Outside the index, America West Holdings rose 3.5% to $8.34.
Last week, the Air Transportation Stabilization Board signed off on the combination of America West and bankrupt US Airways . The ATSB has backed debt for both airlines.
This story was supplied by MarketWatch. For further information see www.marketwatch.com.
|
|
|
|
|
|
