easyJet beats analyst expectations; British Airways and Finnair down on industrial relations issues
easyJet (-4.8%) led the decline in European airline shares on Tuesday (16-Nov-2010) despite beating analyst expectations for its FY2009/10 financial results. The LCC reported a net profit of GBP121.3 million for the 12 months, compared with GBP71.2 million in the previous corresponding period. Analysts had expected the carrier to report a profit of GBP114 million.
