The credit ratings company gave United Continental a B rating, up from B minus, and they are 5 ratings away from from becoming investment grade. [Airline ETF Falls on United Continental Outlook]
The coming months will be a test for the new company, which merged earlier this year. There are new labor contacts, a new reservations system, government approvals, and a pending lawsuit which will be dealt with.
Direxion Airline Shares Fund (NYSEArca: FLYX), an airline ETF, will stop trading as of October 10, 2011. [Direxion Grounds Airline ETF]
Guggenheim Airline ETF
Tisha Guerrero contributed to this article.