26-Oct-2009 4:45 PM
TAM and GOL up; US carriers more optimistic on return in business demand
Analysis
The majority of North and South American carriers' stocks fell on Friday (23-Oct-2009), following the first week of 3Q2009 result announcements. As a result, the AMEX Airline Index fell 1.7%, reflecting a fall in the Dow, down 1.1% at the end of trading. The fall came as oil prices slipped (-0.9%) to USD80.50 per barrel in New York.
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