My Account Menu

CAPA Login

Register to trial CAPA Membership!

Aer Lingus jumps, SAS and Lufthansa flat, Air France-KLM gains, Austrian strong


Aer Lingus’ shares lost 1.3% yesterday, following the release of its traffic highlights for Nov-2009.

Load factor was down 1.3 ppts year-on-year to 71%, despite a 4.7% year-on-year increase in passenger numbers in Nov-2009. While short-haul passenger numbers increased 9.1% year-on-year, long-haul dropped 25.0% year-on-year in the month.

SAS: Market conditions remain “unpredictable”

Shares in SAS were flat yesterday, following the release of its Nov-2009 traffic report. The Group reported an increase in load factor to 67.2% (+1.7 ppts year-on-year) and 6.4% year-on-year reduction in passenger numbers to 2.1 million for Nov-2009.

SAS expects the change in yield for Nov-2009 to be negative, with pressure on yields remaining, following 11.3% yield reduction in Oct-2009. The carrier stated market conditions remain “unpredictable” and timing of a recovery is uncertain.

Air France-KLM: Demand environment still “horribly depressed”

Shares in Air France-KLM rose 0.5% yesterday. CEO, Pierre-Henri Gourgeon, stated the demand environment is still “horribly depressed”, but the airline noted a slight improvement in conditions. The CEO also noted that its trans-Atlantic JV with Delta has given “the same effect of consolidation” and the venture is working on the basis that eliminates distinctions between the carriers. Load factors have improved by 4 percentage points to 87-88%.

Austrian Airlines: Continued squeeze out of small shareholders

Austrian Airlines’ shares surged another 14.4% as the carrier’s extraordinary general meeting on 16-Dec-2009 nears. Lufthansa previously announced it intends to vote through a resolution to offer to acquire the shareholding of the existing minority shareholders at EUR0.50, excluding costs and provision at the meeting. Shares in Lufthansa were virtually flat yesterday (+0.1%).

Europe selected airlines daily share price movements (% change): 07-Dec-09

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.