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Brazilian airline stocks fall after investors sell off shares.(Gol Linhas Aereas Inteligentes SA and Tam Linhas Aereas SA shares plummeted )(Brief article)
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Airline Industry Information
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November 22, 2006
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Copyright informationCOPYRIGHT 2006 M2 Communications Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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AIRLINE INDUSTRY INFORMATION-(C)1997-2006 M2 COMMUNICATIONS LTD
Delays and flight cancellations caused by a protest by air traffic controllers led to investors selling off stock in Brazil's two largest airlines yesterday (21 November).
According to The Associated Press, shares in Gol Linhas Aereas Inteligentes SA fell 5% after the airline lowered its 2006 revenue guidance to BRL4bn from BRL4.1bn.
The shares of Tam Linhas Aereas SA also fell by more than 4%.
The delays and cancellations have ...
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