Become a CAPA Member
Loading
30-Jul-2009 11:43 AM

Jet2.com parent soars, Southwest, easyJet and AirAsia higher, Ryanair falls again

Analysis

US LCCs Southwest and Allegiant rose 2.1% and 2.3% yesterday, as LCC investors welcomed the almost 6% plunge in oil prices overnight to USD63.35 on higher US crude inventories.

Shares in the UK's Dart Group, parent of successful LCC, Jet2.com, surged 11.7% ahead of the company's earnings report. Investors continue to punish Ryanair (shares down 2%) after its earnings report, while easyJet (+3.7%) is in favour after a solid earnings performance and better outlook.

Selected LCCs daily share price movements (% change): 29-Jul-09


Source: Centre for Asia Pacific Aviation & Yahoo! Finance

Want More Analysis Like This?

CAPA Membership provides access to all news and analysis on the site, along with access to many areas of our comprehensive databases and toolsets.
Find Out More