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Russia response to Dobrolyot sanctions drops US, EU air carriers capitalization

August 06, 2014, 15:03 UTC+3 MOSCOW
Finnair dropped 2.2% to 2.6 euro per stock; the cap declined 30 million euros over two days
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© AP Photo/Michel Euler

MOSCOW, August 06. /ITAR-TASS/. European and US companies’ total capitalization lost about $4.5 billion by the middle of Wednesday as Russia reacted to EU sanctions on Russian low-cost air carrier operating flights to Crimea Dobrolyot.

Finnair dropped 2.2% to 2.6 euro per stock; the cap declined 30 million euros over two days. Air-France lost 4.7% with 7.15 euros per stock (the cap plummeted 11% - more than 220 million euros).

German Lufthansa dropped 2.9% to 12.45 euros per stock, 10% down in two days (about 570 million euros). Irish low-cost Ryanair slid 2% to 6.61 euros per stock losing about 184 million euros of cap.

Two trading sessions stripped International Airlines Group of 6.5%, or more than $745 million. On Wednesday, the corporation’s stocks on London Stock Exchange are down 1.9%

On Wednesday night, the US airlines fared poorly on US stock exchanges. Delta closed 2.82% down at $36.23 per stock, its cap down by $1.1 billion. American Airlines fell 2.5% to $37.18 per stock (the cap down 675 million). United Airlines collapsed 3.43% to $43.94 per stock down $562 million.

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