My Account Menu

CAPA Login


Register to trial CAPA Membership!

Westjet traffic up 12% in Feb-2011; AirAsia Indonesia targets fourth quarter listing

4-Mar-2011

AirAsia Indonesia announced it expects to raise USD150 million-200 million from the sale of a 20% stake in an IPO to be held at the end of 4Q2011. The funds raised will be used to acquire new aircraft, boost capital, finance long-term operational costs and speed corporate growth. The carrier plans to expand its fleet from 16 to 30 aircraft by 2015 and is targetting 15% revenue growth in 2011.

Westjet announced (03-Mar-2011) the following traffic highlights in Feb-2011:

  • Revenue passenger miles: +12.2% year-on-tear;
  • Passenger load factor: 83.6%, +1.1 ppts.

Global LCC share prices were typically stronger. Virgin Blue rose 5.9%, the strongest single-day rally in four weeks. Dart Group shared dropped 4.6%, ending a three-day upwards run.

Selected PEA daily share price movements (% change): 03-Mar-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.