The oil will seal the air in 2011
industry profits will be halved in 2011 compared to 2010, to 8.6 billion, according to latest estimates. Sign that this is no time for calm in the sector, stock prices of airlines are struggling since the beginning of the year, that since oil is approaching $ 100 a barrel in London. Air France-KLM has plunged 22% since Jan. 1. International Consolidated Airline Group, merged Iberia-British Airways and publicly traded since February 3, also lost over 22%. As for Lufthansa, the German company has won 16% since January. Across the Atlantic, U.S. Airways backed off 34%, while Delta Air Lines lost 18.2%. Low-cost side, the horizon is not more clear. easyJet has lost 26.2% in stock, and Ryanair has yielded 15.6%.
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