17-Jun-2010 3:02 PM
easyJet case continues; Lufthansa to raise fares; British Airways’ union talks fail again
Analysis
The majority of European carriers stocks were down on Wednesday (16-Jun-2010), after IATA warned premium air travel on the continent is likely to weaken, due to government spending cuts in Britain, Germany, Greece, Portugal and Spain, falling consumer confidence and debt worries. A gain in oil prices (+1.0%), to USD77.67, also sent airline shares lower.
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