Transportation

Airline Value Questions (CAL, UAUA, LCC, AMR, LUV, JBLU)

Maybe it is the Iceland volcanic ash clouds, maybe it was the market, but more likely than not it was the state of airline mergers that crushed airlines today.  Continental Airlines, Inc. (NYSE: CAL) closed down 10.2% at $20.53 and…

By Jon C. Ogg
Published May 4, 2010, 4:24pm ET · 1 min read

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Maybe it is the Iceland volcanic ash clouds, maybe it was the market, but more likely than not it was the state of airline mergers that crushed airlines today.  Continental Airlines, Inc. (NYSE: CAL) closed down 10.2% at $20.53 and UAL Corp. (NASDAQ: UAUA) closed down 10.6% at $19.77.  The ‘other merger candidate’ of US Airways Group, Inc. (NYSE: LCC) closed down over 7% at $6.86; and the current Big Kahuna AMR Corporation (NYSE: AMR) closed down 5.5% at $7.17.  Even in the darlings… Southwest Airlines Co. (NYSE: LUV) was down 2.9% at $13.01 and JetBlue Airways Corporation (NASDAQ: JBLU) closed down 2.8% at $5.54 on the day.

What do you think about this merger between Continental and UAL?  Take our survey here, results are anonymous and you get to choose one of the GOOD/BAD for each on what this means for consumers and what this means for investors.

[polldaddy poll=3145991]

JON C. OGG

Contact [email protected] for any questions or corrections.

Jon C. Ogg

Jon Ogg has been a financial news analyst since 1997. Mr. Ogg set up one of the first audio squawk box services for traders called TTN, which he sold in 2003. He has previously worked as a licensed broker to some of the top U.S. and E.U. financial institutions, managed capital, and has raised private capital at the seed and venture stage. He has lived in Copenhagen, Denmark, as well as New York and Chicago, and he now lives in Houston, Texas. Jon received a Bachelor of Business Administration in finance at University of Houston in 1992. www.247wallst.com.

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