Airline stocks are declining after United Continental reported that traffic fell at a faster pace in March.
“People are very nervous about pricing due to rising oil prices,” says Wolfe Trahan analyst Hunter Keay. Get the full story »
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American Airlines’ traffic up 3.1% in August
AMR Corp. said American Airlines’ August traffic rose 3.1 percent, a bigger increase than the preceding month, on continued international strength.
Most U.S. airlines have been reporting notable increases in traffic as travelers return to flying. Airlines had been cutting capacity in recent years, first in response to record-high fuel prices and then to cope with a plunge in demand during the recession. Get the full story »
