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Katla Volcano Could Push
Airline Stocks Lower (AMR)
By: staff reporter, Tom
Bustamante
Last Updated: October 14, 2011 - 1:25pm EST
(NEW YORK) --Katla, of of Iceland's volcano's, is showing signs of
a possible major eruption, which in turn could push airline stocks
lower.
While Europe still deals with the effects of last years Iceland
Volcano, an eruption of Katla would be expected to be nearly 10
times as strong, and cause major disruptions to European air
traffic, and possibly even effects on global climate, based on
prior history of this volcano.
Some airlines, such as AMR
Corp (NYSE:AMR),
which has already been dealing with swirling rumors of pending
bankruptcy, may find a compete and prolonged shutdown of European,
and large swats of the Northern Hemisphere to air traffic a back
breaker in trying to find a way out of their fiscal issue. AMR was
expected to report earnings on Monday, Oct. 17th.
Katla was currently showing signs that an eruption could be
anytime in the coming week.
* Note: to receive alerts on stocks like these enter
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Safe
Harbor Statements:
This
research report includes statements that may constitute
forward-looking statements made pursuant to the safe harbor
provisions of the U.S. Private Securities Litigation Reform Act of
1995. Although the Company believes that the expectations
reflected in such forward-looking statements are based on
reasonable assumptions, such statements are subject to risks and
uncertainties that could cause actual results to differ materially
from those projected.
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