My Account Menu

CAPA Login

Register to trial CAPA Membership!

Cimber Sterling reduces second quarter losses, remains optimistic


Shares on Danish LCC Cimber Sterling rose 0.6% yesterday as the carrier slashed second quarter operating losses from DKK41.5 million in 2Q2009/10 to DKK2.2 million in 2Q2010/11, as revenue surged 29% to DKK547 million.

The carrier reiterated its goal of becoming profitable in the full year 2011/2012. Cimber’s shares have been on the rose for over two weeks.

Cimber Sterling’s share price over the past month (DKK)

Elsewhere, Air Berlin shed 2.3%, Ryanair fell 0.8%, easyJet eased 0.2% and Vueling gained 1.1%.

Selected LCCs daily share price movements (% change): 14-Dec-2010

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.