LAN Airlines and TAM to merge; Alaska Air to gain new terminal at LAX

North American airline stocks were mixed on Friday (13-Aug-2010), while the majority of South American airline stocks soared after LAN Airlines and TAM announced plans to merge. Chile’s IPSA (+1.8%) was boosted to near its recent all-time high on the news, while Brazil’s Bovespa (+0.5%) rose marginally.

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