A broker upgrade for Lufthansa has lifted shares in airlines across the European Union Steve Parsons/PAAirline stocks took off this morning after analysts predicted that demand for air travel would continue to soar. Its analysts told clients they “firmly stand by our view that European and global demand will remain stubbornly strong, notwithstanding the potential impact of geopolitical events”. Shares in the airline rose on the DAX and the optimism also reached the FTSE 100, where International Consolidated Airlines Group gained 13p to 541½p and Easyjet picked up 18p to £10.74. The FTSE 100 was trading up 48.87 points, or 0.66 per cent, at 7,397.81. Burberry Group rose by 41p to £18.02.

Source: The Times April 11, 2017 10:52 UTC