US airline shares slide. Allegiant, US Air and Delta fall the most


US airline shares were down across the board yesterday - with the exception of Alaska Airlines, +0.4% - as the broader market pulled back after a strong recent run of gains on fresh European sovereign debt concerns.

  • US airline shares experienced a decline, except for Alaska Airlines, due to concerns over European sovereign debt.
  • Allegiant's stock dropped by 4.1% as oil prices increased.
  • US Airways and Delta Air Lines both saw a decrease in their share prices, with Delta confirming plans to increase capacity by 1-3% next year.
  • Overall, the broader market pulled back after a recent period of gains.
  • The daily share price movements of selected North and South American airlines were monitored.
  • The data was sourced from the Centre for Asia Pacific Aviation and Yahoo! Finance.

Allegiant slumped 4.1% as oil prices rose, defying falls in most commodities.

US Airways dropped 3.7%, while Delta Air Lines fell 3.3%. In an investors presentation, Delta confirmed it will raise capacity by 1-3% next year.

North & South America selected airlines daily share price movements (% change): 15-Dec-2010

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