13-May-2009 12:17 PM
Air France-KLM weaker after April traffic report, Austrian weighs down Lufthansa – Share Wrap
Analysis
Air France-KLM's shares eased 0.7% yesterday as the Group recorded a 3.4% reduction in capacity and a 2.8% decline in traffic (RPKs) last month. The airline stated, "this improvement in activity was not, however, accompanied by any recovery in unit revenues". Investors seem to be refocusing on the fundamentals - and the picture is not pretty.
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