Once again, if the market is open (or if the trading day ends in “day”) it’s a good time to sell Airline stocks. United Airlines (UAUA) layed the egg today.
There’s a good but depressing writeup on Airline earnings at CBS Marketwatch. The article includes this almost understatement:
“Huge challenges — the combination of increased fuel prices and a softer economy are causing havoc for the airlines, particularly the weaker ones,” credit-ratings agency Egan-Jones wrote in a note downgrading AirTran’s debt
