Delta Air Lines lead US stock falls
- Delta Air Lines shares fell 4.6% as US airline shares experienced a decline.
- Air Canada plans to reduce its 2011 system capacity growth due to high fuel costs.
- Air Canada and TACA have filed a joint application to codeshare between Central America and Canada.
- GOL received a notice of share disposal from AllianceBernstein LP and AXA Investment Managers.
- American Airlines completed the sale of USD1 billion in debt with collateral including routes to Tokyo.
- WestJet was the only airline to experience positive trading, with a 3.6% increase in shares.
Air Canada announced it intends to reduce its earlier plans for 2011 system capacity growth, in light of sustained high fuel costs.
Air Canada and TACA announced they have filed a joint application with the US Department of Transportation seeking permission to codeshare between Central America and Canada. Air Canada already codeshares with Avianca.
GOL received a notice from its shareholder, AllianceBernstein LP and affiliate AXA Investment Managers, stating that clients under their administration disposed of 7.7 million preferred shares issued by the carrier. This represents 5.76% of all shares of such class, thus reducing their holding to 1.07 million preferred shares, corresponding to 0.807% of all shares of the class.
American Airlines announced it has completed the sale of USD1 billion in debt with collateral including routes between the US and Tokyo. The carrier sold the senior secured notes, which carry 7.5% interest and mature in 2016, to institutions and foreign investors.
Selected AAD daily share price movements (% change): 16-Mar-2011