With the half of 2009 nearly gone, Air France-KLM has outperformed its rivals Lufthansa and British Airways - at least on the stock market. Air France-KLM’s shares have declined (only) 5% this year, compared to Lufthansa’s 22% decline and BA’s almost 30% slump. (See tomorrow's 1H2009 Worldwide Aviation Stock Wrap report for more information).
In trading yesterday, Lufthansa advanced 3.6%, Air France-KLM rose 3% and BA retreated 1.4%. Reports surfaced that the European Commission has delayed a decision on approving Lufthansa’s takeover of Austrian Airlines. Austrian’s shares dropped 2.1%.
Europe selected airlines daily share price movements (% change): 29-Jun-09