Lacklustre day for European airline stocks

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

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