Airline Credit Swaps Climb for Second Day as Oil Reaches $100
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The cost of protecting U.S. airline companies against default rose for the second day as oil reached $100 a barrel and pushed jet fuel prices to the highest in more than two years.
Credit-default swaps on Atlanta-based Delta Air Lines Inc., the world’s second-largest air carrier, climbed to the highest in four months. Contracts on Chicago-based United Continental Holdings Inc. and AMR Corp., the parent company of American Airlines, also increased.