25-Aug-2009 2:40 PM
WestJet and Allegiant tumble on revised growth strategies; Southwest continues to struggle
Analysis
Following an early advance on Monday (24-Aug-09) as bankers refrained from announcing plans to increase interest rates as the economy appears to start recovering, the majority of North and South American carriers' stocks were down at the end of trading, as oil prices increased later in the day (+0.4%), to USD74.20. The Dow remained stagnant by the end of the day, as the AMEX Airline Index fell (-0.4%).
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