02-Aug-2010 4:21 PM

TAM plans new share sale; LAN continuing to climb; Mexicana Airlines' financial situation 'critical'

Analysis

North and South American airline shares rose on optimism the airline market is recovering following the release of 1Q2010 results. The gains were despite a flat Dow on news the US economy slowed more than expected in 2Q2010. Oil prices gained 0.8% to USD78.95.

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TAM plans new share sale; LAN continuing to climb; Mexicana Airlines' financial situation 'critical'

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