British Airways’ shares soared 6.3% on Friday as investors welcomed the carrier’s plans to cut further capacity this Summer and Winter in response to weak demand.
BA's premium traffic trend continued to deteriorate last month, placing further pressure on cuts in this segment, including the probable disposal of its OpenSkies unit soon.
Elsewhere, Air France-KLM dipped 0.8% as the Paris CAC Index closed virtually flat, while Lufthansa rose 0.1% in sparse trade on the Frankfurt DAX (-0.2%)
Want more analysis like this? CAPA Membership gives you access to all news and analysis on the site, along with access to many areas of our comprehensive databases and toolsets.
Find out more and take a free trial.