Delta, US Airways, United hit hard as General Motors off into the sunset. All airlines down

Delta (-11.0%; see below), US Airways (-10.4%; see below) each had double digit percentage falls, while United Airlines lost 7.7% of its value. All airlines across the Americas were down on the day yesterday, a stark contrast with airline stocks in Asia and Europe earlier in the day. The impending threat of Chapter 11 bankruptcy of General Motors - whose share price fell 20%, dragging down the Dow Jones index - dispelled some of the previous day's euphoria over apparently improved consumer sentiment.