Gol shares continue to ease as investors digest earnings downgrade, WestJet higher - share wrap

Canadian LCC, WestJet, enjoyed a 1.2% gain yesterday as investors welcomed the carrier's expectations of "significant" medium to long-term growth in its market share, although the near term outlook remains "tough".

Brazilian LCC, GOL, however continues to drift lower after this week revealing sharp fourth quarter losses and a downward revision to forward estimates.

North & South America selected airlines daily share price movements (% change): 23-Mar-09