US airline shares were down across the board yesterday – with the exception of Alaska Airlines, +0.4% – as the broader market pulled back after a strong recent run of gains on fresh European sovereign debt concerns.
Allegiant slumped 4.1% as oil prices rose, defying falls in most commodities.
US Airways dropped 3.7%, while Delta Air Lines fell 3.3%. In an investors presentation, Delta confirmed it will raise capacity by 1-3% next year.
North & South America selected airlines daily share price movements (% change): 15-Dec-2010
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.