US carriers’ stocks were mixed on Monday, as Federal Reserve Chairman, Ben Bernanke, warned, “we still have some way to go before we can be assured that the recovery will be self sustaining”. He added he hoped the rebound will stretch into 2010, but noted the US economy still faces “formidable headwinds”.
Brazilian airlines rally
Stocks in Brazil rose yesterday as Gol reported higher load factors, sparking a jump in airline stocks. Gol rose 3.3% (in New York) to its highest close since May-2008, while Tam rose 4.2%. See separate report: GOL sees yield improvements in Nov-2009
North & South America selected airlines daily share price movements (% change): 07-Dec-09