By Pádraig HoareGlobal airline shares rose almost a third in 2017, while European airline shares recovered from the Brexit-hit 2016, an airline industry group has highlighted. The International Air Transport Association’s (IATA) latest report said global airline share prices rose more than 4% in November, increasing almost 29% in 2017. Airline shares outperformed the global equity market by 7%, the report said. The IATA said the European airline index finished the year 68% higher than where it started, as shares recovered from the Brexit vote in 2016, helped by a backdrop of robust regional economic and passenger demand. German airline Lufthansa is valued at €13.7bn, with shares in Frankfurt down from over €30 at year’s beginning to around €29.

Source: Irish Examiner January 18, 2018 07:07 UTC