20-Feb-2009 11:32 AM
SkyEurope and Austrian bounce back, Vueling deflates - European share wrap
Analysis
Investors welcomed Vueling's merger approval by the Clickair Board by slashing the carrier's shares by 4.9% yesterday. Vueling's shares are still up 23% this year. The merger euphoria may be being replaced with reflections on the harsh realities facing the airline in the midst of Europe's worst post-War economic downturn.
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