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Shares in easyJet (EZJ), Ryanair (RYA), and International Consolidated Airlines (IAG) were all down around 3 per cent respectively after it was reported that French pilots have threatened to strike for a week in May to protest a potential new law that would limit the union’s powers of representation. The new rule has yet to be passed, and so the strike will only go ahead if it becomes law. We maintain a buy on easyJet, hold on IAG, and sell on Ryanair.
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