Airline stocks edge up with the wider market

Date: Wednesday, October 21, 2009

Airline stocks edge up with the wider market

Airline stocks edge slightly higher with the wider market, and following
financial results from Continental and AirTran Holdings.

BOEING SWINGS TO A THIRD-QUARTER LOSS

Aerospace giant Boeing Co. swings to a third-quarter loss and prunes its
forecast for the year, due to delays in its 787 Dreamliner and 747-8
freighter jet programs.

BAA SELLS GATWICK FOR $2.5 BILLION

U.K. airports operator BAA on reaches a pact to sell London's Gatwick
Airport for 1.5 billion pounds ($2.5 billion).

CONTINENTAL HAS SMALLER LOSS; AIRTRAN HITS PROFIT

Lower fuel bills help offset a general decline in passenger revenue for
Continental and AirTran.

DOLLAR DROPS TO 14-MONTH LOW VS. EURO

The U.S. dollar tumbles to a fresh 14-month low versus euro and loses
ground against other major currencies ahead of the release of the
Federal Reserve's summary of anecdotal reports on the U.S. economy.