Lufthansa is not only actively securing its European partnerships. The German airline and JetBlue reportedly plan to file a request with the US Department of Transportation today seeking regulatory approval to enter a codeshare partnership.
Lufthansa acquired a 19% stake in the New York JFK-based LCC last year for USD300 million. JetBlue's shares gained 2.5% on Friday.
In Europe, Air Berlin's shares slipped 2.0%. The carrier stated it plans to meet with Vereinigung Cockpit Union on 02-Sep-09 to discuss an improved pay offer to pilots at its LTU unit and seek to avert a strike. Also in Europe, easyJet and Ryanair shares were also weaker, down 0.7% and 0.2%, respectively.
In the Asia Pacific region, AirAsia shares slipped 1.5%, while Virgin Blue's shares soared 10.0%. Air New Zealand stated it is not planning to purchase a stake in or merge with Virgin Blue.
Virgin Blue, which is celebrating its ninth birthday, reported a full year net loss of AUD160 million (USD132 million) in the 12 months to Jun-2009 (hurt by falling passenger demand amid the "toughest operating conditions” in its nine year history and one-off costs (AUD74 million) associated with the launch of its long haul V Australian operations. See separate report: ‘Virgin Blue expects breakeven in FY2010 after sinking to a deep loss in FY2009’
Selected LCCs daily share price movements (% change): 28-Aug-09
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