Some airline shares dive on recession fears

11/13/2008 | Bloomberg

Shares of the country's three largest carriers plunged on Wednesday amid fears that deepening economic woes will force further cutbacks at the airlines. "People may have underestimated the breadth and depth of this worldwide recession," said analyst Hunter Keay. "Now it looks like these airlines may have some capacity rationalization to do on the international side substantially above and beyond what they've already announced." The Bloomberg U.S. Airlines Index dropped 13%, its worst one-day performance since Sept. 11, 2001.

View Full Article in:


Published in Brief:

SmartBrief Job Listings for Transportation

Job Title Company Location
Engineer - Cabin Systems Project
United Airlines
Chicago, IL
Aviation Security Specialist
The Air Line Pilots Association, Int'l
Herndon, VA
Supply Chain - Strategic Inventory Analysis, Manager
United Airlines
Chicago, IL
Managing Director – Strategic Procurement
Hawaiian Airlines
Honolulu, HI
Senior Associate, Customer Account Relationship Management
Banneker Industries, Inc.
North Smithfield, RI