Worldwide LCC share prices generally gained on Monday (13-Jul-09), with Norwegian Air Shuttle leading the way, with an 8.3% increase. The carrier is scheduled to release its second quarter financial figures today. Also in Europe, easyJet and Ryanair both gained 3.5%.
In the Asia Pacific region, AirAsia's shares were up 0.9%, despite overall market weakness and Virgin Blue fell 4.9% as the carrier's management stated it sees "capital management initiatives as appropriate, given prevailing macro-economic conditions", but its Board "had not approved any such transaction as has been reported".
Selected LCCs daily share price movements (% change): 13-Jul-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.