03-Nov-2009 12:17 PM
Ryanair expects losses in 3Q2010 and 4Q2010 on continued fare reductions; S&P affirms JetBlue
Analysis
Air Arabia shares showed the largest gain, but Ryanair's slid 1.6% yesterday, after Europe's largest LCC stated it expects average fares would decline by up to 20% in 3Q2010 and 4Q2010, which would result in losses in both quarters (and hence for 2H2010).
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