Wednesday, October 1, 2008
Dallas-based Southwest Airlines and Fort Worth-based American Airlines respond to rise in oil prices
Southwest Plane
According to Whitney Eichinger, spokesperson for Dallas-based Southwest Airlines Co., Southwest entered into a fuel-hedging program in the early 1990s whereby it can purchase fuel at a lower cost than other airlines, thus it has been able to move ahead.
American Airlines Plane
Southwest stock prices dropped slightly Tuesday morning, but rose to $14.28 per share by mid-afternoon, 1 percent higher than Monday’s close of $14.14 per share.
Fort Worth-based AMR Corp’s stock price dropped 4.33 percent by midday Tuesday, lower than its Monday night close of $9.92, hitting $9.49.
Posted by: Minnie
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