Article: Europe's budget carriers fare well than full-service rivals.(Shipping)

LONDON (Dow Jones) – Europe's low-cost airlines so far have fared better during the recession than their full-service rivals, but investors should see value in both sectors. Ryanair Holdings PLC and easyJet PLC top most analysts' preferences for airline stocks. Both have avoided falling passenger volumes over the past 12 months. British Airways PLC, Deutsche Lufthansa AG have fans, too.The industry has been battered in the couple of years. Firstly, sky-high oil prices hurt airlines margins, pushing most to losses. Oil prices fell as the global economy plunged into recession, and passengers numbers fell as consumers worried about losing their jobs and unemployment ...

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