26-Aug-2009 2:10 PM
European carriers gain, British Airways and Aer Lingus lead, Air France-KLM and Lufthansa higher
Analysis
Shares in British Airways climbed 3.5% yesterday, while Aer Lingus jumped 3.0%. The Irish carrier announced plans to launch a new cost cutting plan in the northern Autumn 2009 to conserve cash and become more efficient amid the global economic downturn. Cost cutting measures are to be implemented across both staff and non-staff areas.
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