European shares mixed; Air France-KLM and Finnair report traffic

Norwegian Air Shuttle shares rose 3.7%, with the carrier reporting higher Feb-2011 passenger traffic although continued falls in yield. Air France-KLM shares were also stronger, with the airline reporting 5.7% growth in passenger traffic last month. Turkish Airlines shares were up 2.5%. The carrier has signed a firm order for the purchase of 10 A321s and three A330-200Fs to meet their growth plans in the passenger and cargo markets.

Finnair reported the following traffic highlights in Feb-2011:

• Passenger numbers: 585,000, +2.1% year-on-year;
  • Domestic: 137,200, +10%;
  • Europe: 260,400, -0.7%;
  • North America: 9,900, +29.2%;
  • Asia Pacific: 104,000, +4.8%;
• Passenger load factor: 73.3%, -6.9 ppts;
  • Domestic: 53.6%, -8.1 ppts;
  • Europe: 60.5%, -5.6 ppts;
  • North America: 70.2%, -4.9 ppts;
  • Asia Pacific: 74.4%, -11.0 ppts;
• Cargo volume: 10,445 tonnes, +33.8%;
• Cargo load factor: 63.4%, -9.1 ppts.

Air France-KLM reported the following traffic highlights in Feb-2011:

• Passenger numbers: 5.1 million, +5.7% year-on-year;
  • Europe: 3.4 million, +7.3%;
  • America: 554,000, +2.5%;
  • Asia Pacific: 429,000, +4.1%:
  • Africa and Middle East: 393,000, -0.2%;
  • Caribbean and Indian Ocean: 275,000, +4.6%;
• Passenger load factor: 77.6%, -0.1 ppt;
  • Europe: 66.4%, +2.8 ppts;
  • America: 78.3%, -1.7 ppts;
  • Asia Pacific: 84.6%, -1.5 ppts;
  • Africa and Middle East: 74.6%, -0.8 ppt;
  • Caribbean and Indian Ocean: 85.6%, +1.6 ppts;
• Cargo traffic (FTKs): -3.1%;
• Cargo load factor: 67.6%, -3.2 ppts.

Norwegian Air Shuttle reported the following traffic highlights in Feb-2011:

• Passenger numbers: 935,488, +12% year-on-year;
• Passenger load factor: 76%, stable;
• Yield*: EUR6.18 cents, -6%;
• Revenue per ASK: EUR4.64 cents, -6%;
• On-time departure rate: 82.8%.

* Based on the conversion rate EUR1 = NOK7.764

Selected EAD daily share price movements (% change): 08-Mar-2011