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Airline Shares Bounce Back as Oil Prices Fall

Analyst predicts carriers could be back in the black next year

By Rob Quinn,  Newser Staff

Posted Aug 12, 2008 2:30 AM CDT

(Newser) – Airline shares rose yesterday following an analyst's prediction that the big carriers could be back in the black by next year, reports the Wall Street Journal. The stocks have been recovering since mid-July as oil prices started to slip downward and the industry's cost-cutting and...   Read full story »

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