22-May-2009 5:41 PM
American Air, UPS, FedEx, GOL lose ground. Alaska up - Stock Wrap
Analysis
American Airlines (-4.4%), UPS (-4.6%), FedEx (-4.0%) and GOL (-5.4%) stocks were the main victims of a sudden overall loss of faith on Wall Street yesterday, as the Dow slipped 1.5%. The parcel service companies lost ground as shipment volumes continue to slip. UPS announced it was to lay off another 80 mechanics, in addition to the 60 already announced in 1Q09.
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