United Airlines cuts losses; LAN upgraded; US Airways down
The majority of North and South American carriers made modest gains on Wednesday (27-Jan-2010), as the wider market moved into positive territory in the last 30 minutes of trading, after the US Federal Reserve announced they would keep interest rates near zero, ahead of President Obama’s State of the Union address after trading. As a result, the Dow (+0.4%) was up, as was the AMEX Airline Index (+0.2%), which was also assisted by a fall in oil prices (-1.4%), to USD73.67.
