(Reuters) - The No. 3 U.S. carrier thwarted a hostile takeover, cut costs and jobs, and eliminated unprofitable routes during its 19-month stint in Chapter 11. It returned to regular trading on the New York Stock Exchange at a time when investors are souring on U.S. airlines.
Rising oil prices and softening demand pose renewed challenges for an industry that has only recently shown signs of recovery from a prolonged downturn sparked by the September 11, 2001, attacks.
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