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Air Berlin bounces back, Iberia higher – SHARE WRAP

Air Berlin’s shares bounced back last Thursday by 11.5% after a 7.5% fall the previous day when the carrier announced passenger numbers fell 6% in March and load factors fell 3.7 ppts to 74.1%.

Iberia’s shares rose 1.2% last Thursday. At the weekend, the airline announced plans to cut 1,200 jobs at its airport-services unit, as part of its turnaround plan.

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