easyJet, Air Berlin, Norwegian, Ryanair, Vueling lose 3.0% or more as Euro markets retreat
Global low cost carrier stocks were weak on Friday with growing concerns the EU’s austerity measures would slow economic recovery and growth in the region. European stocks retreated. The Paris CAC 40 Index dropped 4.59%, London’t FTSE 100 lost 3.14%, while Frankfurt’s DAX slowed 3.12% lower. The Euro also fell to an 18-month low against the US Dollar.
