AIRLINE STOCKS
U.S. Airways higher following plane orders
By Padraic Cassidy, MarketWatch
Last Update: 10:17 AM ET Jun 18, 2007
NEW YORK (MarketWatch) -- Airline shares mostly rose Monday, with U.S. Airways Group climbing as the carrier placed a large order for Airbus aircraft.
Crude-oil futures registered minor losses in early energy trading, helping push the Amex Airline Index (XX:$XAL: news, chart, profile) higher by 0.7% at 49.38 points.
Earlier Monday, Airbus announced a string of orders at the Paris Air Show, including a key deal with U.S. Airways which ordered 60 single-aisle aircraft and 32 widebody aircraft and slightly increased its previously announced order for A350s.
The airline expects to take delivery of the first A350-800 in 2014, becoming the North American launch customer for the fleet type. Its Boeing 737-300/400s will be eliminated from the fleet as the A320s are delivered, U.S. Airways said.
U.S. Airways higher following plane orders
By Padraic Cassidy, MarketWatch
Last Update: 10:17 AM ET Jun 18, 2007
NEW YORK (MarketWatch) -- Airline shares mostly rose Monday, with U.S. Airways Group climbing as the carrier placed a large order for Airbus aircraft.
Crude-oil futures registered minor losses in early energy trading, helping push the Amex Airline Index (XX:$XAL: news, chart, profile) higher by 0.7% at 49.38 points.
Earlier Monday, Airbus announced a string of orders at the Paris Air Show, including a key deal with U.S. Airways which ordered 60 single-aisle aircraft and 32 widebody aircraft and slightly increased its previously announced order for A350s.
The airline expects to take delivery of the first A350-800 in 2014, becoming the North American launch customer for the fleet type. Its Boeing 737-300/400s will be eliminated from the fleet as the A320s are delivered, U.S. Airways said.