Thursday (27-Aug-09) was a poor day on the market for North and South American carriers’ stocks, with the majority down, following IATA’s latest traffic data showing international travel demand has still not recovered, and increasing oil prices (+1.5%), up to USD72.49. As a result, the AMEX Airline Index (-1.5%) fell.
The Dow (+0.4%) meanwhile wavered throughout the day, before ending the day nearly flat.
Across the border, Air Canada (-2.3%) remained in the doldrums with investors.
In non-listed carrier news, Frontier Airlines announced it expects to emerge from bankruptcy in Sep-2009, after reporting a net profit of USD18 million in Jul-2009. New owner, Republic Airways (+0.1%), ended the day up.
North & South America selected airlines daily share price movements (% change): 27-Aug-09