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Delta, United, and American Airlines announced purchases of planes on July 1 8 ( 7 / 1 8 ) , February 1 2 ( 2
Delta, United, and American Airlines announced purchases of planes on July February and October respectively.
tableDeltaUnited,AmericanMarket,Company,,Market,Company,,Market,CompanyDateReturn,Return,Date,Return,Return,Date,Return,Return
Given the above information, calculate the cumulative abnormal return CAR for these stocks as a group. All of the stocks have a beta of and no other announcements are made. A negative answer should be indicated by a minus sign. Leave no cells blank be certain to enter wherever required. Do not round intermediate calculations and round your answers to decimal places, eg
tabletableDays fromannouncementAbnormal returns tableAverage abnormalreturntableCumulativeabnormal returnDeltaUnited,American,Sum
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