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US shares dip ahead of earnings season

Analysis

Investors are preparing themselves for a flurry of earnings reports this week, with every major US carrier reporting, except for Southwest Airlines.

Shares were down across the board on Friday, with the exception of Republic Airways (+4.2%). AirTran led the falls of the US carriers, dipping 3.5%, while American Airlines fell 3.4% and Continental 3.1%.

See CAPA’s exclusive preview of the second quarter earnings season.

North & South America selected airlines daily share price movements (% change): 16-Jul-2010

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