23-Feb-2011 3:19 PM
Oil affects share prices in US, LatAm carriers. Republic Airways suffers quarterly loss.
Analysis
The USD5 per barrel jump in oil prices yesterday sent share prices of carriers listed in North and South America into a tailspin, with stocks down across the board. Worst affected was United Continental, which dipped 9.2%, with US full service carriers generally among the heaviest hit. Copa and Air Canada shares also fell sharply, although Jazz Air Income Fund ended the day flat.
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