UAL and US Air… Merger Mile High Club (LCC, UAUA)

Posted in Uncategorized 
April 8th, 2010

U.S. Airways Group, Inc. (NYSE: LCC) and UAL Corp. (NASDAQ: UAUA) are both trading higher this morning on reports that the two are about to merge to create the #2 air carrier in the United States.  This will be a blow for consumers as options for flying become more and more at the benefit of airlines over scheduling and prices.  Both stocks were up last night: UAUA, +7.9% and LCC, +26.1%…

UPDATE 9:17 AM EST UAUA up 6.3% at $20.15 on 2.2 million shares; LCC up 17.9% at $8.04 on over 3 million shares.

At 8:14 AM EST we have shares up: UAUA up 7.5% at $20.36 on over 50,000 shares, almost a 52-week high; LCC shares are up 20% at $8.22 on almost 700,000 shares, which is a 52-week high above the $2.00 to $8.17 trading range of the last year.

JON OGG

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