17-Mar-2010 6:09 PM
JetBlue slips on disappointing Feb-2009 traffic; Continental slips, WestJet slumps
Analysis
The majority of North and South American carriers witnessed a decline in stocks on Tuesday (16-Mar-2010), as oil prices (+2.4%) rebounded, to USD81.70. The fall was despite gains in the wider market, with the Dow (+0.4%) up as the US Federal Reserve maintained benchmark rates near zero, and again pledged to keep them low for an extended period. Stocks also gained on news EU ministers agreed to provide capital to Greece to boost it out of its sovereign debt, if required.
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