Shares in the largest US carriers were pummeled on the Wall Street Casino yesterday as fresh economic data showed unexpected declines in retail sales and producer prices.
United Airlines was worst affected, dropping 10.5%, while American and Continental eased 10.0% and 9.9%, respectively. Delta fell 6.8%. American’s parent, AMR Corp, will reveal its first quarter earnings later today, while Southwest (-1.1% yesterday) will report tomorrow.
GOL shares rose 2.1%, while Lan Airlines gained 2.7%, though Brazilian market leader TAM, eased 1.4%.
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North & South America selected airlines daily share price movements (% change): 14-Apr-09