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April 6, 2013

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Investor fears push down airline shares

EUROPEAN airline stocks fell sharply yesterday on rising fears among investors about the impact of the new bird flu strain.

In late morning trading, shares in Air-France KLM were down 5.75 percent to 6.87 euros (US$8.8) on the Paris stock exchange, while Lufthansa was off 3.69 percent to 14.37 euros in Frankfurt.

In London, shares in IAG, which owns British Airways and Iberia, fell 4.64 percent to 240.6 pence (US$3.60), while Easyjet shares showed a loss of 4.25 percent to 1,050.35 pence and Ryanair slid 2.35 percent to 5.898 pence.


 

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