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Tuesday, June 23, 2009
Airline stocks fall to 3-month low on "putrid" demand
Airline stocks took another tumble today on reports of continuing weak demand and higher oil prices. We don't normally post stories about daily share-price changes but this one features a partial quote from UBS Securities analyst Kevin Crissey, who said in a note to investors that demand is "putrid." In Monday's Winging It column, I quoted Crissey saying demand at one carrier was "hideous." In his note to investors today, he remarked that he was running out of synonyms for "very bad." Read more if you dare here.
Posted by Tom BELDEN @ 2:17 PM  Permalink | Post a comment
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About Tom Belden
Tom Belden has been reporting and writing about Philadelphia International Airport and other air travel subjects for nearly 25 years. He has written business travel columns for The Inquirer's Travel and Business sections. His ground-breaking reporting (with colleague Craig McCoy) on baggage handling problems in Philadelphia have been credited with helping improve the system. His previous blog was called Road Warrior. He can reached at tbelden@phillynews.com.
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