Become a CAPA Member
Loading
21-Dec-2010 4:26 PM

TAM and GOL gain, COPA eases. US carriers horde cash

Analysis

Shares in TAM and GOL rose 2.2% and 2.3%, respectively, shrugging off a 1.06% fall in the Brazilian Bovespa index yesterday.

LAN Airlines is reportedly aiming to reduce fares on the Santiago-Sao Paulo sector as part of its push to gain regulatory approval for its acquisition of TAM, according to a Reuters report.

COPA fell 1.2%, while in the US, American Airlines rose 1.3% and US Airways gained 1.2%. According to a Bloomberg report, the six largest US carriers have amassed USD23.8 billion in cash to reduce debt levels and build a cushion against future demand shocks, citing research by Fitch Ratings and Standard & Poor's.

North & South America selected airlines daily share price movements (% change): 20-Dec-2010


Source: Centre for Asia Pacific Aviation & Yahoo! Finance

Want More Analysis Like This?

CAPA Membership provides access to all news and analysis on the site, along with access to many areas of our comprehensive databases and toolsets.
Find Out More