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Aer Lingus, SAS and British Airways slump, Iberia drops, Finnair and Aegean gain

15-Feb-2010

Shares in Jet2.com’s parent, Dart Group, slumped 10.8% on Friday, while Aer Lingus (-7.1%), SAS (-6.6%) and British Airways (-4.1%) all came in for heavy selling.

oneworld Atlantic alliance receives preliminary approval

British Airways’ shares are expected to bounce back today (15-Feb-2010) as the carrier received provisional approval on Saturday night by US regulators for anti-trust immunity for a proposed trans-Atlantic alliance with American Airlines, with only minor slot losses at Heathrow.

See related report: DoT grants British Airways-American Airlines/oneworld anti-trust immunity

Record January load factor for Iberia

Iberia’s shares closed 3.4% lower on Friday, before the carrier released its monthly traffic date showing a record January load factor of 80.0%, as passenger numbers rose 1.8% to 3.93 million and the airline cut capacity.

Finnair gained 6.3% on Friday.

Aegean Airline and Olympic discuss 'cooperation'

Meanwhile, Aegean Airlines rose 3.6% as it released a joint statement with Olympic Air that “discussions between the main shareholders of Olympic Air and Aegean Airlines have taken place concerning the potential of a future cooperation”, but adding, “at this time there is nothing specific to be announced. The statement followed local media reports that the airlines were discussing a future merger.

Europe selected airlines daily share price movements (% change): 12-Feb-2010


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