28-May-2010 3:46 PM
Good day for LCC shares despite surging oil price
Analysis
LCC shares around the world rose strongly yesterday, led by South America's GOL (+7.3%), despite a 4.3% (USD3 per barrel) surge in the price of oil to USD74.55 on the New York Mercantile Exchange.
See related reports:
AirAsia gained 5.4%, while Virgin Blue was flat, though the Australian airline's shares have slumped today as it published a fresh profit warning.
Selected LCCs daily share price movements (% change): 27-May-2010