Westjet and Lan shares continue fall from grace; AirTran, US Airways and United bounce back
After precipitous falls over recent days, several US airlines clawed back some ground in Friday in more hospitable market trading.
North & South America airlines daily share price movements (% change): 06-Mar-09
AirTran was the biggest gainer, bouncing back a little from hefty losses last week, as speculators considered the stock oversold. The share price is however still trading a little over half of its levels at the beginning of this year.
Airtran Share price: 02-Jan-09 to 06-Mar-09
After holding up well all through 2008, Westjet is starting to lose some of its sheen with investors. The Western Canada-focused airline is suffering more than competitor, Air Canada, as the mining boom subsides and traffic generally slows. Westjet's share price has fallen by a third since late Jan-09.
Westjet Share price (CAD): 02-Jan-09 to 06-Mar-09