Air Canada to cut costs, generate revenue by over CAD500 million; President sells last of LAN stake
North and South American airline shares were mixed on Wednesday (24-Mar-2010), as the Dow slipped 0.5%, in response to a weak auction of US treasury notes. Investor concerns regarding a downgrade in Portugal’s sovereign debt by Fitch Ratings also affected the market. Oil prices dropped 1.6% to USD80.61. The AMEX Airline Index ended trading down only 0.1% as a result.
