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Lacklustre day for European airline stocks

Analysis

European airline shares were mostly flat yesterday, with Air France-KLM, easyJet, airberlin, Norwegian, Aeroflot and others unchanged.

Summary
  • European airline shares remained mostly flat, with no significant changes observed for Air France-KLM, easyJet, airberlin, Norwegian, Aeroflot, and others.
  • The impact of falling oil prices was offset by economic concerns in smaller European countries.
  • IAG (International Airlines Group) saw a modest increase of 1.6% in their share price.
  • Aer Lingus and Ryanair also experienced gains of over 1%.
  • Airlines based in the Nordic region generally saw a decline in their share prices.
  • These observations were recorded on 16th May 2011.

Falling oil prices were balanced by economic concerns among several smaller European countries. IAG advanced 1.6%, while Aer Lingus and Ryanair gained more than 1%. Airlines based in the Nordic region were generally lower.

Selected European daily share price movements (% change): 16-May-2011

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