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Lufthansa, Austrian, Air France-KLM and British Airways have seen better days

European airline stocks declined yesterday, but the falls were generally not as bad as the benchmark European bourses. Shares in Lufthansa lost 1.0%, while the Frankfurt DAX closed 2.02% lower.

The German carrier is expected to encounter difficulty in wage negotiations with its pilots, which are demanding a 9.6% salary increase and more influence in strategic decision-making, including the acquisition of Austrian Airlines. Austrian’ shares remained flat, declining just 0.2% yesterday.

Air France-KLM remained weak, its shares 1.4% lower, as the Paris CAC Index declined 2.16%. Elsewhere, British Airways dipped 1.0%, while the London FTSE 100 closed 1.46% lower.

Europe selected airlines daily share price movements (% change): 17-Aug-09