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Delta and AirTran downgraded; United Continental Holdings rated 'buy'; Alaska Air down

Analysis

North and South American airline shares plunged on Monday (04-Oct-2010) as analysts downgraded ratings for a number of carriers, fuel prices rose and the wider market fell. The Dow (-0.7%) fell as investors expressed caution ahead of the start of the 3Q2010 reporting season and new jobs data.

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