Shares in Turkish Airlines, Europe's seventh largest carrier, fell 1.6% in trading on Tuesday, on a mixed day for European airline stocks. The carrier's January traffic rose 6.3% year-on-year, to 2.1 million passengers, but average load factors fell 1.5 percentage points. Cargo volume surged 22.6%.
Shares in SAS Group were up 3.1%, with the carrier last week reporting a better-than-expected profit result in 4Q2010. The carrier reported an overall loss for 2010, but expects to return to profitability in 2011.
Selected EAD daily share price movements (% change): 15-Feb-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.