20-Aug-2009 4:10 PM
Southwest falls on downgrade, Expressjet falls again, Air Canada, GOL and Republic stronger
Analysis
Most North American carrier stocks fell on Wednesday (19-Aug-09), as oil prices (+4.7%) rose sharply to USD72.42, due to an unexpected decrease in US crude oil inventories. The AMEX Airline Index (1.4%) ended the day down, while the Dow (+0.66%), after starting in negative terriroty, was up at the end of trading.
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