24-Dec-2009 1:42 PM
LAN and TAM up; Allegiant falls on downgrade
Analysis
The majority of North and South American carriers again witnessed a rise in stock prices on Wednesday (23-Dec-2009), lifting the AMEX Airline Index up 1.5%. This was despite a 2.2% gain in oil prices, to USD76.40, its highest level in over three weeks, due to a US Government report indicating a larger than expected drop in US crude inventories.
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