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16-Mar-2011 4:53 PM

Falls in North American airline shares continue

Analysis

The sharp falls seen in North American airline share prices eased on Tuesday, although shares were down almost across the board for airlines listed in the US and Canada. WestJet was down 2.6%, while Delta Air Line dropped 1.9%

Summary
  • North American airline share prices experienced sharp falls, but the decline eased on Tuesday.
  • Airlines listed in the US and Canada saw their shares down almost across the board.
  • WestJet's shares dropped by 2.6%, while Delta Air Line's shares fell by 1.9%.
  • US Airways and Hawaiian Airlines saw an increase in their stock prices.
  • GOL, a carrier, reported a 4.5% increase in traffic and a 0.5ppt improvement in load factors.
  • These are the selected daily share price movements as of 15-Mar-2011.

Stock prices were up at US Airways and Hawaiian Airlines, while GOL gained 3.9%. The carrier reported a 4.5% increase in Feb-2011 traffic and a 0.5ppt improvement in load factors.

Selected AAD daily share price movements (% change): 15-Mar-2011

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