United Airlines reportedly in merger talks with Continental Airlines
The majority of North and South American carriers’ shares were up on Thursday (15-Apr-2010) on news United Airlines has reportedly entered merger negotiations with Continental Airlines and analyst upgrades. A decline in oil prices (-0.4%), to USD85.51, and a gain in the Dow (+0.2%) also helped airline stocks move higher. The US market gained for a sixth consecutive session, as the industrial sector rose on news manufacturing is improving in a number of regions.
