29-Apr-2009 12:13 PM
Aer Lingus slumps towards the bottom; Ryanair, Iberia, easyJet also lose - SHARE WRAP
Analysis
Aer Lingus stocks led the way downwards yesterday, falling 20.4%, as a revised outlook (as leading analysts forecast a EUR100 million loss for 2009) turning what looked like being a bad year into what promises now to be a defining year for the carrier. In Aer Lingus' words, the financial result will be "materially below the bottom of the range of current market expectations". Even in today's world, it's hard to find a worse outlook than that.
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