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."

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