© CAPA
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
