Shares of United Airlines parent UA...
Shares of United Airlines parent UAL and other airlines slid further Friday, a day after a terror plan involving trans-Atlantic flights was foiled. near of the hardest hit shares: moose Grove Village-based UAL, which had fallen 8 percent Thursday, lay low $1.19, or 5.1 percent, to stop up Friday at $22.33; Continental, down $170 71 percent to $2216; AMR Corp., parent of American Airlines, not upon $1.46, 7.2 percent, to $1883; and US Airways cluster down $3.33, 8.2 percent, to $3719 The latest slide might have more to do with higher oil prices and security prices than with the terror threat itself. "Oil's back up" said Ray Neidl, an airline analyst with Calyon Securities. "I think the terror thing's over" While Neidl and other analysts cited pertain tos about the cost of higher security, they said higher oil and jet-fuel prices embarrass an immediate threat to an industry starting to answer to profitability. Oil prices rose slightly Friday, after having dropp $2 a barrel Thursday; the markets re-evaluated Thursday's speculation that jet- material for burning prices would decline on lower demand for flights. Copyright CHICAGO SUN-TIMES 2006 Provided on ProQuest Information and Learning Company. All rights Reserved
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