US Airways Group Inc. ( LCC ): Chairman of the Board and CEO, Director W Douglas Parker Bought 197,000 Shares
The shares of airline operator, US Airways Group, Inc. ( LCC ), hit its 52-week low this week, as oil prices rise around $140s per barrel. LCC shares have lost 83% its value since the beginning of this year. According to analysts, the airline industry overall will cut capacity by 9% in 2008. Delta, Southwest, United Airlines increased their fares by $5 to $40.
Bill Miller increased his holdings by 34% to 5,361,700 shares as of 3/31/08.
Chairman of the Board and CEO, Director W. Douglas Parker bought 197,000 shares on 6/16/08 at $2.80.
US Airways Group Inc. has a market cap of $237.58 million; its shares were traded at around $2.58 with a P/E ratio of 1.89 and P/S ratio of 0.02.
$2.59 (07/04/08)
