US AIRLINES SHARES JUMP ON STRONG EXPECTATIONS

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By TESTCustomwebLP TESTCustomwebLP November 19, 2010 14:53

US AIRLINES SHARES JUMP ON STRONG EXPECTATIONS

The reversal in fortunes for US carriers in recent months has buoyed the market is airline stock, with bullish trading seen in Delta Air Lines and United Continental Holdings stock. Options on the two companies’ shares jumped to at least triple the four-week average as investors betted on more good news to come.

Some 63,000 calls were made to trade Delta shares while the stock rose 0.5% to $13.21 as of 4 pm in New York. United call volume rose to 27,244 and shares gained 0.6% to $27.34.

Both Delta and United shares have seen healthy gains this year, with Delta rising 16% and United shares doubling – thanks to the merger not doubt.

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By TESTCustomwebLP TESTCustomwebLP November 19, 2010 14:53
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