13-Nov-2009 2:30 PM
TAM reports lower than expected profit for 3Q2009; Copa profits up
Analysis
All North and South American carriers, expect for Air Canada (+2.4%) saw stocks slide on Thursday (12-Nov-2009), with the AMEX Airline Index down 2.9% at the end of trading as a result. The drop came as the wider market also fell, with the Dow down 0.9%, while oil prices rose 3%, to USD76.94.
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