16-Feb-2010 4:20 PM
British Airways and Iberia shares gain from DOT approval; Finnair eases
Analysis
The majority of European airline shares were up on Monday (15-Feb-2010), after the US Department of Transportation (DOT) recommended antitrust approval of an alliance between British Airways, American Airlines, Iberia, Royal Jordanian and Finnair. Another drop in oil prices (-2.0%), to USD73.05, also encouraged airline investors.
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