My Account Menu

CAPA Login


Register to trial CAPA Membership!

World Fuel Services Corp hits record high, leasing companies stronger

3-Feb-2011

World Fuel Services Corp stock hit a record high in trading yesterday, gaining 2.5%. Stock in the company is up 4.5% for the year-to-date.

The company announced in late Jan-2011 that it plans to buy French aviation fuel and de-icing fluid supplier Ascent Aviation. The transaction is expected to be USD0.03-0.05 accretive to per share earnings in the first 12 months.

Shares in leasing companies were generally stronger, with FLY Leasing up 1.6%, ALAFCO gaining 1.3%, Willis Lease Finance up 0.7% and Aircastle 0.5% stronger.

Selected aviation suppliers daily share price movements (% change): 02-Feb-2011

AID


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.