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Old 03-25-2002, 07:30 PM   #1
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Sector dives after AWA fare cuts

Sector dives after AWA fare cuts

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NEW YORK (CBS.MW) - Investors turned their backs on airline stocks Monday, knocking the main sector index down to near where it started the month, because of fears the sector would reverse gains in ticket prices.

America West launched a pricing strategy that does away with required Saturday night stays and advanced bookings for business travel. That helped send shares of airline stocks sharply lower, with the sector index landing at 100.02, down almost 5 percent.
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Old 03-25-2002, 07:30 PM   #2
Senior Member
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Join Date: Sep 2001
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Sector dives after AWA fare cuts

Sector dives after AWA fare cuts

Quote:
NEW YORK (CBS.MW) - Investors turned their backs on airline stocks Monday, knocking the main sector index down to near where it started the month, because of fears the sector would reverse gains in ticket prices.

America West launched a pricing strategy that does away with required Saturday night stays and advanced bookings for business travel. That helped send shares of airline stocks sharply lower, with the sector index landing at 100.02, down almost 5 percent.
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