SUBDUED MONTHLY TRAFFIC FIGURES DEPRESS AIRLINE STOCKS

Dino D'Amore
By Dino D'Amore April 7, 2011 19:18

SUBDUED MONTHLY TRAFFIC FIGURES DEPRESS AIRLINE STOCKS

Airline stocks declined further yesterday after monthly traffic reports revealed only slight growth in passenger numbers as customer push back on rising ticket prices for international flights. However, the wider stability of domestic traffic and goods revenue growth, halted steeper falls.

The NYSE Arca Airline Index fell less than 1% to 42.32 points with seven of its 13 components trading down.

Dino D'Amore
By Dino D'Amore April 7, 2011 19:18
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