17-Mar-2009 2:10 PM
American Air, US Airways and United decline steeply. Westjet recovers lost ground.
Analysis
American Airlines (-15.3%) shares fell steeply yesterday, despite another above-water performance on Wall Street. There is a lot of negative talk about American, which hasn't been through the Chapter 11 douche, unlike most of its competitors. It is running out of cash and hasn't got the cost base of the more aggressive neighbours.
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