21.   Stocks posting significant gains both locally and in New York included airline LanChile, beverage company Andina, electricity generator Endesa and leading telecommunications play CTC.

22.   Tourism companies, including local airlines, also expect to be hit.

23.   Winners included airlines, which endured double-digit dollar losses Monday.

24.   First in line for privatisation are Teneo, a group that includes most of the state-run companies in Spain, including national airline Iberia.

25.   A similar situation also exists in the service industries, including the airline and banking industries.

26.   Other problems include small airlines operating with antiquated planes and unqualified piolts and maintenance staff.