"After being frozen in a trading range between $19 and $21 for several months, mega-airline United Continental (UAL) has recently rallied above $23/share, with most of those gains occurring in the past week (UAL closed below $20 as recently as December 5). There are several potential explanations for this jump. Gulf Coast jet fuel prices have remained at relatively moderate levels for the past few weeks, around $3/gallon. Earlier this month, United reported that the company had its best operational performance of the year in November, suggesting that the worst integration pains may be over. Lastly, speculation about a potential merger between US Airways (LCC) and American Airlines (AAMRQ.PK) has heated up, particularly since pilots at the latter ratified a new contract." ...........................
http://seekingalpha.com/article/1066...t?source=yahoo
http://seekingalpha.com/article/1066...t?source=yahoo