11-Mar-2011 4:17 PM
GOL and TAM raise concerns over bond performance
Analysis
Shares in Latin American carriers were generally lower in trading yesterday, with Brazilian LCC GOL down 3.7%, TAM giving up 2.5% and Copa Airlines 1.3% lower. GOL and TAM have reported that their bonds are trailing gains in Brazilian corporate debt on concern rising oil and personnel costs will have a negative effect on their earnings this year.
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