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European airline stocks fall, led by easyJet, Ryanair, Jet2.com

Analysis

European airline stocks fell heavily yesterday, reflecting weakness in wider markets and a profit warning from easyJet.

easyJet slumped 16% – its biggest one-day fall since 2004 – as it warned its first-half loss may double, due to rising fuel costs and flight cancellations. Ryanair and Jet2.com parent Dart Group also fell heavily.

Air France-KLM Group slid 4.2%, while British Airways fell 1.7%.

European airlines' daily share price movements: 20-Jan-2011

EAD

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