29-Oct-2009 3:10 PM
US Airways and American Airlines announce job cuts; GOL and TAM take a dive
Analysis
All North and South American carriers, except for Expressjet (+0.7%), saw drops in their stock prices on Wednesday (28-Oct-2009), as the wider market fell, with the Dow down 1.2% at the end of trading. The AMEX Airline Index fell 4.8% as a result, despite a fall in oil prices (-2.6%), to USD77.46.
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