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Tiger Airways reports double-digit traffic growth

15-Mar-2011

Shares in most LCCs traded lower on Monday, reflecting the downward momentum of markets globally influenced by the earthquake crisis in Japan. Trading lowest was Vueling, down 4.9%. Shares in Vueling have dropped 15% over the past 30 days. Asian LCC shares were proportionally stronger, with SpiceJet up 3.6% and AirAsia up 2.8%.

Tiger Airways reported the following traffic highlights in Feb-2011:

  • Passenger numbers: 484,000, +11% year-on-year;
  • Passenger load factor: 83%, -2.0 ppts. 

GOL reported the following traffic highlights in Feb-2011:

  • Passenger traffic (RPKs): +4.5% year-on-year;
    • Domestic: +4.4%;
    • International: +5.9%;
  • Load factor: 71.2%, +0.5 ppt;
    • Domestic: 72.4%, +0.8 ppt;
    • International: 62%, -2.1 ppts. 

Selected PEA daily share price movements (% change): 14-Mar-2011


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