Aer Lingus expects 10% of its schedule to be affected by a cabin crew dispute over rosters. It cancelled about two dozen flights on Wednesday. Ryanair, which holds a strategic stake of just under 30% in Aer Lingus, has provided five aircraft for the Irish carrier and will provide a sixth if required next week, in support of Aer Lingus' stance against trade union Impact.
Aer Lingus' shares were flat yesterday, while Ryanair gained 2.8%.
Elsewhere, Turkish Airlines gained again, as Goldman Sachs raised the company’s target price yesterday from YTL7.30 to YTL8 per share.
Selected European airlines daily share price movements (% change): 26-Jan-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.