THE VIRGINIAN-PILOT
Copyright (c) 1995, Landmark Communications, Inc.
DATE: Saturday, June 10, 1995 TAG: 9506100348
SECTION: BUSINESS PAGE: D1 EDITION: FINAL
TYPE: Daily Digest
LENGTH: Short : 24 lines
ValuJet Airlines Inc.'s shares declined 3.2 percent after an engine fire on the ground at Atlanta's Hartsfield International Airport injured four passengers and three flight attendants Thursday night. The incident was the first major mishap in the 20-month operation of the low-fare airline, which has become a darling of investors for its continued profit and share growth. While the fire did little damage, it is sure to intensify concern about the age of the carrier's fleet of DC-9 aircraft, which has an average age of about 23 years. ValuJet shares fell 1 1/16 to 31 3/4 in Nasdaq volume of 1.01 million shares, almost double the trading average for the past three months. (Bloomberg Business News) by CNB