Ash Attack: European airline and airport stocks pare losses on airspace hopes. Uncertainty ahead
European airline and airport shares were mostly down yesterday as expected – some heavily – but losses early in the trading session were pared back in afternoon trade as European Transport Ministers decided to reopen most airspace by 06:00 GMT, Tuesday 20-Apr-2010. Only Aer Lingus benefited while Dublin was excluded from the airspace restrictions and Ryanair remained grounded.
