Transportation
Airline Value Questions (CAL, UAUA, LCC, AMR, LUV, JBLU)
Published:
Last Updated:
Maybe it is the Iceland volcanic ash clouds, maybe it was the market, but more likely than not it was the state of airline mergers that crushed airlines today. Continental Airlines, Inc. (NYSE: CAL) closed down 10.2% at $20.53 and UAL Corp. (NASDAQ: UAUA) closed down 10.6% at $19.77. The ‘other merger candidate’ of US Airways Group, Inc. (NYSE: LCC) closed down over 7% at $6.86; and the current Big Kahuna AMR Corporation (NYSE: AMR) closed down 5.5% at $7.17. Even in the darlings… Southwest Airlines Co. (NYSE: LUV) was down 2.9% at $13.01 and JetBlue Airways Corporation (NASDAQ: JBLU) closed down 2.8% at $5.54 on the day.
What do you think about this merger between Continental and UAL? Take our survey here, results are anonymous and you get to choose one of the GOOD/BAD for each on what this means for consumers and what this means for investors.
[polldaddy poll=3145991]
JON C. OGG
Find a Qualified Financial Advisor (Sponsor)
Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to 3 fiduciary financial advisors in your area in 5 minutes. Each advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests. If you’re ready to be matched with local advisors that can help you achieve your financial goals, get started now.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
