My Account Menu

CAPA Login


Register to trial CAPA Membership!

Thai AirAsia looks at listing, JetBlue traffic up 8% in Jan-2011, Vueling traffic down 5%

11-Feb-2011

Shares in AirAsia dropped 3.9%. The carrier’s Thai offshoot, Thai AirAsia, announced it plans to conduct a float on the Stock Exchange of Thailand in 3Q2011, to raise funds for its expansion and repay debt. The IPO will be for at least 25% of the carrier’s shares. AirAsia owns a 49% stake in the airline.

Shares in US LCC JetBlue eased 0.2% at the close of trading yesterday. The airline reported its Jan-2011 traffic highlights, showing an 8.3% improvement in passenger traffic and a 5.9 percentage point increase in passenger load factors to 80%. Encouragingly the airlines unit revenue (per ASM) was up 13%.

Spanish LCC Vueling reported its passenger traffic highlights for Jan-2011, with passenger numbers falling 4.9% year-on-year to 643,000. The carrier’s average load factor improved by 2.3 ppts, as its slashed flights by 8.9%, despite adding a new A320 to its fleet.

Selected LCCs' daily share price movements (% change): 10-Feb-2011

PEA


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.