Become a CAPA Member
Loading
25-Aug-2009 1:00 PM

EADS and Boeing surge, Expedia takes a tumble

Analysis

Major aircraft manufacturers started the week well, with EADS (parent of Airbus) rising 3.6% in trading on Monday and rival Boeing climbing 2.8%.

Boeing received more welcome news in the form of more aircraft orders. Canadian LCC, WestJet, ordered 14 new B737NGs, while Boeing also received a USD1.2 billion contract to support military transport aircraft on Friday. Trading down yesterday was Embraer, which lost 1.4%.

Rolls-Royce gained 1.4%, on news that its power systems unit had received GBP73 million in orders to support several Chinese gas pipeline projects. German engine manufacturer, MTU Aero Engines, was also up on Monday (+1.8%), despite indications late last week that European governments may reign in some of their planned Eurofighter acquisitions, which would affect both MTU and Rolls-Royce.

Online travel and booking company lost 2.6% on more news covering the various lawsuits the company is faced with at the moment. Expedia will reportedly have to pay out more than USD120 million to a class-action lawsuit after bundling its hotel charges with tax recovery charges and service fees, violating consumer protection legislation.

Selected Aviation suppliers' daily share price movements (% change): 24-Aug-09


Source: Centre for Asia Pacific Aviation & Yahoo! Finance

Want More Analysis Like This?

CAPA Membership provides access to all news and analysis on the site, along with access to many areas of our comprehensive databases and toolsets.
Find Out More