AirAsia has requested a suspension of share trade this morning, pending the announcement on the results of its bookbuilding exercise.
AirAsia X meanwhile stated it has sold over 75,000 tickets for the Kuala Lumpur-London Stansted service within six months of launching the launch, with load factors of over 85%. CEO, Azran Osman-Rani, stated the strong traffic is a “testament to the fact that there is a strong appetite for low-cost, long-haul travel despite the tough economic conditions”. He told holidayextras.co.uk,"our model hinges on the extensive multi-hub route network and means that we are able to offer the same connectivity as a normal legacy network carrier, but without the cost and complications of running a traditional hub".
easyJet focuses on plans to save GBP125 million p/a
easyJet shares declined 1.3% yesterday. The carrier announced plans to offer pilots and cabin crew unpaid leave, as part of a broader drive to save GBP125 million p/a by Sep-2011. The carrier also plans to upgrade its IT system to improve staff rostering and hire new crew on fixed-term and seasonal contracts rather than offering them permanent contracts.
Selected LCCs daily share price movements (% change): 14-Sep-09
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