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

MOSCOW, August 6 (Itar-Tass) - European and U.S. 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 percent to 2.6 euro per stock; the cap declined 30 million euros over two days. Air-France lost 4.7 percent with 7.15 euros per stock (the cap plummeted 11 percent - more than 220 million euros). German Lufthansa dropped 2.9 percent to 12.45 euros per stock, 10 percent down in two days (about 570 million euros). Irish low-cost Ryanair slid 2 percent to 6.61 euros per stock losing about 184 million euros of cap. Two trading sessions stripped International Airlines Group of 6.5 percent, or more than $745 million. On Wednesday, the corporation’s stocks on London Stock Exchange are down 1.9 percent. On Wednesday night, the U.S. airlines fared poorly on U.S. stock exchanges. Delta closed 2.82 percent down at $36.23 per stock, its cap down by $1.1 billion. American Airlines fell 2.5 percent to $37.18 per stock (the cap down 675 million). United Airlines collapsed 3.43 percent to $43.94 per stock down $562 million. Learn more on itar-tass.com