United Continental and US Airways drop 4%, Gol and TAM advance

US airline shares were sold off yesterday, led by United Continental Holdings (-4.1%) and US Airways (-4.0%). United reversed the previous day’s gain following its release on Wednesday of a 9.75% to 10.75% increase in fourth quarter RASM.

Brazilian LCC Gol snapped recent losses, gaining 2.0%, as airline workers deferred planned strikes until next month, following a court ruling. TAM gained 1%.

North & South America selected airlines daily share price movements (% change): 23-Dec-2010