21-May-2009 4:15 PM
Air France-KLM, Lufthansa, British Airways lead the market up, but industry "at tipping point"
Analysis
Air France-KLM (+5.1%), Lufthansa (+3.7%) and British Airways (+3.6%) led the market up in an unaccustomed trifecta. It has been a while since the market held the big three in such high regard. But a combination of higher fuel prices (which swing the balance a little more in the legacy airlines' favour), slightly improved economic sentiment and - for Air France at least - some less than bad news contributed to the gains.
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