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Skyfall for airline company shares

Skyfall for airline company shares

market-up-down

Airline company shares plummeted after yesterday’s court ruling regarding flight delay compensation. A decision that will cost the airlines tens of millions on a yearly basis. The ruling appears to have its effect on the share prices of airline companies.

Yesterday, IAG’s (British Airways) share price dropped 3 percent, Air France-KLM almost lost 4 percent and Lufthansa’s shares have fallen with 3 percent. It’s a blessing for air passengers, but a curse for airline companies. “We have looked forward to this ruling as it is vital to have clarity towards all parties involved. We didn’t expect such a large-scale impact, but we are cheerful for the air passengers,” says Raymond Veldkamp of Flight-Delayed.co.uk.

Written by: Flight-Delayed