My Account Menu

CAPA Login


Register to trial CAPA Membership!

Norwegian reports industry-leading operating margin, V Australia and Jetstar to operate to Fiji

26-Oct-2009

Norwegian Air Shuttle’s shares rose 4.0% on Friday, following Thursday’s 4.5% gain, following the release of its 3Q2009 results, in which the carrier reported a net profit of EUR45 million and an operating profit of EUR57 million (-10% and +146%, respectively), for an 11 ppt operating margin to an industry-leading 21%.

Also in Europe, easyJet’s shares were up slightly (+0.3%), while Ryanair’s shares slipped 0.9%.

V Australia and Jetstar to operate Australia-Fiji services

In the Australian market, Virgin Blue’s shares were up 3.6% yesterday, with Qantas’ shares also gaining (+1.0%).

On Friday, Australia's International Air Services Commission released its draft determinations on seat allocations Fiji route, proposing to allocate 907 seats per week to V Australia and 852 seats per week to Qantas (for Jetstar). V Australia had originally applied for 1,267 seats on the route, while Jetstar had applied for 1,491 seats. See separate report: Australia-Fiji: V Australia and Jetstar authorised to operate

Economic and traffic recovery in Brazil

GOL’s shares were up 2.3% on Friday, reflecting a stronger Brazilian market, after economic data revealed that Brazil's jobless rate fell sharply in Sep-2009, well below forecasts, and pointing to a faster rate of recovery than most other major economies. The jobless rate is now back to where it was before the global financial crisis. See related article: Brazil leading Latin American traffic recovery

Selected LCCs daily share price movements (% change): 23-Oct-09


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.