How low will it go now?
Fidelity parent sells 32% of stake in US Airways
JOURNAL STAFF AND WIRE REPORT
FMR Corp., the parent of mutual-fund company Fidelity Investments and the largest shareholder in US Airways Group Inc., has sold 32 percent of its stake in the carrier.
FMR holds almost 7.93 million shares, or 8.6 percent, according to a U.S. regulatory filing Tuesday, and remains the airline’s biggest investor. FMR had owned more than 11.7 million shares, or 12.8 percent, according to data compiled by Bloomberg News.
Shares of US Airways, the seventh-largest U.S. airline, have fallen about 37 percent this year. The carrier said July 5 that increased travel bookings and higher fares are creating an “encouraging revenue environment†as the third quarter begins.
FMR also owns stakes in other major U.S. carriers, including American Airlines parent AMR Corp., Delta Air Lines Inc., United Airlines parent UAL Corp. and Continental Airlines Inc.
Mtnman
Fidelity parent sells 32% of stake in US Airways
JOURNAL STAFF AND WIRE REPORT
FMR Corp., the parent of mutual-fund company Fidelity Investments and the largest shareholder in US Airways Group Inc., has sold 32 percent of its stake in the carrier.
FMR holds almost 7.93 million shares, or 8.6 percent, according to a U.S. regulatory filing Tuesday, and remains the airline’s biggest investor. FMR had owned more than 11.7 million shares, or 12.8 percent, according to data compiled by Bloomberg News.
Shares of US Airways, the seventh-largest U.S. airline, have fallen about 37 percent this year. The carrier said July 5 that increased travel bookings and higher fares are creating an “encouraging revenue environment†as the third quarter begins.
FMR also owns stakes in other major U.S. carriers, including American Airlines parent AMR Corp., Delta Air Lines Inc., United Airlines parent UAL Corp. and Continental Airlines Inc.
Mtnman
Better hurry up and yank the rest of f/c out and put more coach seats in. I think the 75's and 737's have closets. Hell get those lavs out and add some seats. THAT is the mastermind talent in Tempe right? 
