UAL-Dividend cut...air travel downturn...woe...
Just read on CNNFN.COM that UAL Corp are to cut their dividend paid on shares from about 34 cents last year to only 5 cents this year. This is to conserve cash in a market downturn......doesn't sound too clever to me.
Oh dear. Yet more indicators of a full blown USA recession....
I can't be bothere to post the whole thing here, but you can find more info on the address given.
Major Airline shares anyone? Any Airline shares anyone for that matter?
(For the unitiated, UAL are UNITED AIRLINES)