Shares of United Airlines parent UAL Corp, were set to post a second day of double-digit gains Wednesday as investor anxiety over possible liquidation subsided.
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Declining passenger demand and higher oil prices had been pressuring the stock, trimming nearly half its value since the beginning of this year. But on Tuesday the company reported a steep deceleration in monthly traffic decline, with July traffic falling 4% compared to 7.5% in June and a 12.5% drop in July. "If the macro environment does improve, we believe the company is highly levered to these improvements and would therefore benefit substantially,
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