Wednesday, January 29, 2014

9 Largest US Airlines Companies Average Stock Prices Down 55% Due to Financial Meltdown Spillover Effects, Then Up 428% Under Obama and the US Fed

I found 9 US Airlines Companies classified in the Services Sector at Yahoo's superb Finance website with current Total Market Capitalizations of at least $100 mil each and which also had their common stocks trading on each of the following three dates: on December 31, 2007 during President Bush's second term, on March 6, 2009, very early in President Obama's first term, which was their lowest point due to the spillover effects resulting from the 2008 financial meltdown, and also on January 28, 2014.
   
The historical stock prices of these companies were obtained from the following two excellent internet resources....  Google Finance and MarketWatch Big Charts.

These 9 US Airlines Companies had their average stock prices drop by a huge 55% from December 31, 2007 during President Bush's second Presidential term, to March 6, 2009, very early in President Obama's first term, which was the very lowest point for the overall stock market due to the spillover effects resulting from the disastrous 2008 Financial Meltdown.

But since March 6, 2009, the average stock prices of these same 9 US Airlines Companies have increased by a very robust 428% through January 28, 2014.
 
Clearly, the investors in and employees of these 9 US Airlines Companies must be pleased with the impact of actions taken by both the Obama Administration and the US Fed to successfully rescue the US economy from its extremely weakened state caused by the 2008 US financial meltdown.

Below here are the market prices of each of these 9 US Airlines Companies Companies on January 28, 2014, on March 6, 2009, and on December 31, 2007, sorted by Percentage Increase from March 6, 2009 to January 28, 2014:

 




Market Market






Price Price






% %






Change Change



 Market   Market   Market  3-6-09 12-31-07



 Price   Price   Price  to to
Airlines  
 1-28-14   3-6-09   12-31-07  1-28-14 3-6-09








United Continental

     46.03        3.94      35.66 1068% -89%
Alaska Air Group

     79.53        7.54      12.51 955% -40%
Delta Airlines

     30.90        4.06      14.89 661% -73%
Southwest Airlines

     21.31        5.13      12.20 315% -58%
Hawaiian Holdings

     10.29        2.51        5.10 310% -51%
Allegiant Travel

    102.52      33.44      32.14 207% 4%
JetBlue Airways

       8.74        2.96        5.90 195% -50%
Republic Airways

       9.95        5.45      19.59 83% -72%
SkyWest

     14.17        8.91      26.85 59% -67%








Average % Change all 9




428% -55%