Shares in high-cost European airlines may come up trumps

Investors seeking firstclass returns among the traditional highcost European airlines could still find value in Lufthansa, Air France and Iberia in the second half of the year, according to analysts in London and Dublin.

6th August, 2005

However, investors seeking large gains in the low-cost airlines - Ryanair and EasyJet - may already have missed the flight. Shares in Ryanair, which reported earnings last week, have already climbed 25 per cent this year, while those in EasyJet have surged 30 per cent.

The shares of Air FranceKLM, Lufthansa and Iberia have been flat since the beginning of the year, as investors expected high oil prices to discourage passengers. But the latest figures show that...

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