Investors on edge after 7.5% fall in August US airlines index
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Dallas, Texas
US AIRLINE investors, already absorbing the worst monthly stock performance in a year, are bracing for more disappointment.
A Standard & Poor's index of the five biggest US airlines plunged about 7.5 per cent in August, wiping out about US$10 billion in market value. Shares fell as a price war that started between United Continental Holdings Inc and heavy discounters spread to more carriers and markets.
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