My Account Menu

CAPA Login

Register to trial CAPA Membership!

Kuwait National Airways' shares fall heavily


Shares in Kuwait National Airways, parent of Kuwaiti carrier Wataniya Airways, dropped 8.2% in trading on Wednesday, against the upward trend on the Kuwaiti Stock Exchange. Late last week, the carrier launched a tourism initiative to encourage travel to Egypt following the revolution in Jan-2011. Shares in local rival, Jazeera Airways, were flat.

Kenya Airways shares fell 6%. The carrier reported overall capacity for 4Q2010 rose 5.4% year-on-year, with most additional capacity deployed on routes in Africa.

Selected MEAAD daily share price movements (% change): 09-Mar-2011

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.