$15.92
0.25 (+1.60%)
Continental Airlines, Inc. (CAL)
CAPS Rating:
A United States air carrier engaged in the business of transporting passengers, cargo and mail.
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The airline industry is in a very unique position. With the price of oil (gas) escalating, people in the US would rather fly than drive on their vacations. The airline may be paying more for oil, but that cost will ultimately be passed along to the passengers.
This industry has been able to evolve with the times, and these times will prove to be no different. If the airlines could survive 911, surely they can survive a rise in oil prices.