International Airlines Group shares rise in quiet trade

Shares in International Airlines Group (IAG), parent of British Airways and Iberia, rose 4.5% yesterday in quiet post-Easter trade.

UBS stated IAG was its top pick among European flag carriers, citing merger synergies and its improving pension position. IAG is scheduled to report its first quarter earnings on 06-May-2011. Click here for CAPA's full earnings calendar.

Elsewhere, Lufthansa rose 0.9% and Air France-KLM gained 1.2%.

Selected European airline daily share price movements (% change): 26-Apr-2011