Air France-KLM lessened a decline in traffic (RPKs) to 3.3% year-on-year, following a drop of 5.8% in 1QFY2009/10, hinting at signs of improvement. The carrier reduced capacity (ASKs) by 4.1% year-on-year in Jul-2009. See related article: Air France and Lufthansa continue to struggle with revenues, Air Berlin yield growth slows
Shares in rival, Lufthansa, jumped 3.7% yesterday.
British Airways’ shares were up 5.1% yesterday, following a 7.7% gain on Wednesday. Investors expect that volumes and seat factors will improve in the peak Summer months, after they stabilised in the first quarter.
Europe selected airlines daily share price movements (% change): 06-Aug-09
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