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easyJet still suffering Steliosis, down 12.3%; British Airways also a big loser

20-Nov-2008
easyJet Founder, Sir Stelios Haji-loannou
easyJet Founder, Sir Stelios Haji-loannou

With European share markets in decline - the FTSE and DAX both down nearly 5% - most airlines in fact performed slightly better than the market.

easyJet is still suffering from the uncertainty of its internal squabbling, as founder and largest minority shareholder Sir Stelios Haji-Ioannou continues to attack the airline's growth strategy.

British Airways also declined steeply, perhaps because Winona Ryder became ill on one of its flights, but also as sentiment towards the carrier weakens further. Its would-be partner, Iberia, by corollary, strengthened, as the market saw it becoming a stronger contender to take more of the proposed joint airline's equity.

European selected airlines share price movements (% change): 19-Nov-08


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