17-May-2011 3:22 PM
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
