24-Mar-2011 5:12 PM
UK freezes APD; shares in UK carriers hit hard
Analysis
The UK budget and the decision to freeze the Air Passenger Duty for 12 months has not done UK airline stocks any favours, with shares in flybe, IAG, Thomas Cook and easyJet all down yesterday. The government has set aside proposals that the duty be replaced with a per plane duty and has delayed the planned increase in the APD for a year.
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