Sector24 Oct 2018 16:03
BARCELONA (Agefi-Dow Jones) - The shares of European airlines have been hit hard by rising oil prices and the poor results of easyJet and Ryanair. However, Deutsche Bank judges the reaction of the excessive market. These securities "seem oversold," says Deutsche Bank, which notes its recommendation on the sector to "underweight" to "overweight". Air France-KLM jumped 3.8%, IAG gained 2%, Lufthansa rose 1.8%, Ryanair won 2.7% and easyJet took 1.9% on Wednesday, probably supported by a further decline in prices crude.