17-Aug-2009 2:55 PM
Republic jumps after winning Frontier. TAM stocks crumble after weaker than expected net profit
Analysis
The majority of North and South American carriers' stocks fell on Friday (14-Aug-09), as US Aug-2009 data, including wholesale inventories, business inventories, retail sales and consumer sentiment, were all worse than expected. As a result, the Dow (-0.8%) fell. The good news however was that oil prices (-4.3%) dropped even further, to USD67.51. Despite this, the Amex Airline Index (-2.7%) was also down.
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