US Airways and United Airlines in talks to merge
North and South American carriers’ stocks moved lower with the wider market on Wednesday (07-Mar-2010), following news US consumer credit fell by USD11.5 billion in Feb-2010. Shares were also down on continued concerns over Greece’s ability to pay off its sovereign debt. The AMEX Airline Index was down 1.66% as a result, despite a 1.1% decline in oil prices, to USD85.88.
