22-Jun-2009 11:55 AM
American Airlines and US Air down, GOL and TAM surge – Stock Wrap
Analysis
American Airlines' shares dropped back 0.9% on Friday, as the carrier forecast a 16-17% reduction in 2Q2009 mainline unit revenue (see below). The reduction is not as bad as United's expected up to 18.9% reduction in PRASM this quarter.
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