Iberia loses traction, but Air France-KLM, SAS, Lufthansa strengthen. European airline shares
All of the major European airlines showed good gains yesterday, as a wave of financial confidence passed through the marketplace. Air France-KLM gained 6.2%, SAS, with renewed hopes of a German buyer, was up 5.7%, erstwhile partner/owner Lufthansa added 5.4%, but after a lackluster - but largely anticipated - weak profit result for 2008, Iberia lagged, rising a still pleasing 3.8%.
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