Finnair's shares fall as compensation claims mount. SAS lower
Finnair's share price fell 3.4% yesterday, continuing a bumpy ride for investors over the past month.
Finnair's share price movements over the past month
Source: Centre for Asia Pacific Aviation & Yahoo! Finance
The airline has received some 16,000 compensation claims from travellers whose flights were cancelled due to the volcanic ash cloud last month, according to a YLE.fi report. The airline, the Finnish Transport Safety Agency and the Consumer Agency are currently discussing issues related to the reimbursement of passengers, with Finnair stating it will only compensate travellers for unused tickets. The Consumer Agency is seeking the airline to cover passengers' food and lodging expenses for delayed passengers.
See related report: Ryanair fends off Italian fine over passenger compensation
Elsewhere, SAS (-2.2%) shares continued to slide, while British Airways (-0.1%) was virtually flat and Air France-KLM (+1.1%) and Lufthansa (+0.5%) gained.
Europe selected airlines daily share price movements (% change): 18-May-2010
Source: Centre for Asia Pacific Aviation & Yahoo! Finance