22-May-2009 12:55 PM
British Airways loses traction before profit report. Lufthansa, Air France-KLM also soft
Analysis
British Airways' shares (-3.6%) lost ground on expectations of bad news in today's annual and 1Q09 report. The other majors, Lufthansa (-2.8%) and Air France-KLM (-2.3%) also came off, as jitters about the UK's sovereign rating shook markets. Societe Generale lowered its recommendation for Air France-KLM from "buy" to "hold". Meanwhile, still under attack from Ryanair over directors' fees, Aer Lingus (+4.8%) was the biggest gainer on Thursday.
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