US airline sector recovery in full swing
Airline stock measure, the Amex airline Index, rose unprecendently by almost 5% on Wednesday, bolstering investors spirits and signalling the industries recovery after the 11 September attacks.
After six months of dismal figures and serious industry suffering, passengers are getting back on board.
In addition to this boost investor optimism is also supported by reports that the leading airline carriers are close to agreeing on the creation of an industry insurance company, a move which could save it in the region of $1bn (€1.1bn) a year in premiums.
Deutsche Banc Alex.Brown analyst Susan Donofrio said that while they had been anticipating the traffic results to keep pace with year-over-year capacity reductions, it appears now that traffic has been more robust than expected.
This fast track to recovery promises good news for Irish companies, Datalex, Eland and Gradient.
