American Airlines’ rose close to 19% yesterday on the Wall Street Casino, as its adjusted first-quarter results beat market expectations. CEO, Gerard Arpey, stated, “while lower fuel prices have provided a significant buffer against falling demand in 2009, the struggling economy and capital markets remain significant challenges for American and the rest of the industry”.
American’s result provided a lift for other airlines, with JetBlue vaulting 12.2% higher, while other big risers were Continental (+11.1%), US Airways (+9.8%) and United Airlines (+8.4%).
Meanwhile, Brazilian stocks gained for a fourth day, with GOL and TAM adding 1.7% and 3.4%, respectively.
For daily updates on American aviation stock prices and a complete wrap of the day's breaking news, sign up now for a complimentary subscription to America Airline Daily.
North & South America selected airlines daily share price movements (% change): 15-Apr-09
Want more analysis like this? CAPA Membership gives you access to all news and analysis on the site, along with access to many areas of our comprehensive databases and toolsets.
Find out more and take a free trial.