Alaska Air on uptrend; TAM and GOL falter; Delta and Continental increase baggage fees

The majority of North and South American carriers' stocks were down with the wider market on Tuesday (12-Jan-2010), as aluminium producer, Alcoa, reported disappointing results for 4Q2009, raising concerns of the strength of the economic recovery. Also affecting the market was news the Chinese central bank increased the proportion of deposits banks are required to set aside, in a move to "cool" the economy.