31-Aug-2009 3:39 PM
Republic rises following Frontier’s net profit; COPA, GOL and TAM fall with wider market
Analysis
North American carriers' stocks were mixed on Friday (28-Aug-09), while South American carriers' stocks fell with the wider market. The Dow (-0.4%) ended the day down, after news US consumer sentiment was not as strong in Aug-2009 as it was in Jul-2009, resulting in a second consecutive monthly decline. Meanwhile oil prices (+0.3%) rose to USD72.74. Consequently, the AMEX Airline Index (-0.5%) fell.
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