Air France-KLM, BA and Iberia lower. Virgin Atlantic merger target
European airline shares were mostly lower yesterday, led down by Air France-KLM which fell 2.7%.
British Airways fell 2% as the cabin-crew union stated it would commence polling members next week on taking further strike action in their dispute. Meanwhile, merger partner Iberia fell 2.2% as it signed an agreement with it cabin-crew union that will be valid until 2012.
Elsewhere, Lufthansa shed 2.5% and Turkish dropped 2.7%.
Delta interested in Virgin Atlantic
Meanwhile, Virgin Atlantic has confirmed it has received a "number of lines of enquiry" about possible partnerships or mergers with rival airlines, according to a Sky News report. Delta Air Lines is among the interested carriers and the US carrier may have appointed an adviser according to the report.
Virgin Atlantic is 49% owned by Singapore Airlines and 51% by Virgin Group.
Europe selected airlines daily share price movements (% change): 15-Dec-2010