Airline shares descend as oil prices rebound
By Christopher Hinton, MarketWatch
Last Update: 6/20/2008 3:13:00 PM
NEW YORK (MarketWatch) — Airline stocks were declining Friday on rebounding oil
prices.
The Amex Airline Index (XAL) slipped 7.5% to 17.99 points with all of its 14
components in the red. The index climbed more than 10% in prior-day trading after
China said it would [...]
NEW YORK (MarketWatch) — A stronger dollar was putting pressure on oil prices
Thursday, and that was translated into solid gains for airline stocks. The Amex
Airline Index rose 1.2% to 23.73 points with nine of its 14 components trading
higher. Crude for June delivery dropped 41 cents to $113.05 a barrel in
electronic trading, thanks to a strengthening [...]
Airlines rally as stronger dollar pressures oil
By Christopher Hinton, MarketWatch
Last Update: 10:09 AM ET Apr 29, 2008
NEW YORK (MarketWatch) — Airline stocks got a much-needed boost on Tuesday as a
stronger dollar was putting pressure on oil prices.
The Amex Airline Index (XX:$XAL) rose 1.8% to 22.18 points. All but one of its 14
components traded to the [...]
NEW YORK (MarketWatch) — A pullback in oil prices rallied airline shares on
Thursday. The Amex Airline Index jumped almost 2% to 20.38 points with all but
one of its 14 components trading up. Crude spot prices were at $116.15 a barrel
on the New York Mercantile Exchange, down $2.15. Carriers have been getting
slammed this earnings season by [...]
NEW YORK (AP) — Frontier Airlines, the latest airline to file for bankruptcy, was pushed over the brink by a problem that could spread to other carriers: credit card troubles.
The carrier on Friday blamed its Chapter 11 bankruptcy protection on a cash squeeze caused by its credit card processing company, which has decided to keep [...]
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