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25-Feb-2009 11:36 AM

SkyEurope, Aer Lingus and SAS sink further into the mire - share wrap

Analysis

Europe's troubled carriers, SkyEurope, Aer Lingus and SAS, were punished again yesterday, losing 17.7%, 11% and 9.5% of their market values, respectively, as investors sought to minimise their exposure to these airlines as Europe's economic downturn accelerates.

Finnair also fell sharply (-5.3%), while Vueling and easyJet managed 3%+ gains.

European selected airlines daily share price movements (% change): 24-Feb-09

Source: Centre for Asia Pacific Aviation & Yahoo! Finance.

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