- Dec 5, 2003
- 21,709
- 10,721
US airline stocks are down sharply on word that the US Justice Dept. will sue to block AMR/LCC based on anticompetitive concerns.
At this hour, LCC stock is down about 9%, DAL, UAL, ALK are down about 5%.
Delaying or block consolidation is not only seen as a negative to LCC but also for other carriers under the assumption that capacity would come out of a restructured US airline system.
At this hour, LCC stock is down about 9%, DAL, UAL, ALK are down about 5%.
Delaying or block consolidation is not only seen as a negative to LCC but also for other carriers under the assumption that capacity would come out of a restructured US airline system.