Why the big drop in share value?
 

Any idea why the large drop in Airtran, American but most of all United shares today?

AAI down 7.52% or -$0.47 ($5.78)
AMR down 9.06% or -$0.72 ($7.23)
UAL down $21.48% or -$1.98 ($7.24)

Bad day for the market. The sector followed the big board.

Also the concerns of currency stability are rearing their ugly head. We all knew this was going to happen at the first sign of a recovery.

I expect the fed to try to combat inflationary fears. I hope they do enough. There is a lot of money out there.

uaua diluted yesterday and amr last week. uaua actually had an upgreade today.
By the way dal was down 9.15% or so if you missed it.

Crude was also up sharply yesterday...

Yeah, you're right, I just realized other airlines weren't much better.

CAL down 8.27% or -$1.36 ($15.08)
DAL down 9.15% or -$0.82 ($8.14)

Both amr and uaua recently diluted their shares so not a big suprise drop for a bit. Just throwing out some numbers but i think over the last 3 months or so uaua up 120%, dal 40%, amr 79% and cal around 63%. Don't know about you guys but if I was hitting all my stocks like that I would not be flying someone elses airplane for long.

...and

ALK down 4.93% or -$1.32 ($25.47)
JBLU down 8.53% or -$0.51 ($5.47)


An ugly day but I guess no mystery after all...

PS. I too fear the soon-to-be inflation... Maybe Zimbabwe will bail us out? :rolleyes:

Our future...


http://encikwan.com/wp-content/uploa...rency-2008.jpg

There was an article in the USA Today yesterday or Tuesday (I read both yesterday) that talked about this happening:

Airlines' debt crises averted, but risk lingers - USATODAY.com

XJT seemed to be the only stock up (20% today). They seem to act opposite of the rest of the airlines..