Loading

Kulula fights back at 1time, Royal Jordanian and Air Arabia up, Comair down

Analysis

Lonrho (-4.1%), 1time (-3.5%) and Comair (-1.3%) shares all dropped on Thursday (11-Feb-2010). South Africa's FTSE/JSE Africa All Share Index (-0.1%) fell for a second consecutive day, pushed down by a fall in mining stocks, after the European Union declined to provide details of plans to assist Greece with its sovereign debt issues.

Also in South Africa, kulula.com challenged all South African airlines to lower their fares during the FIFA World Cup, following last month's announcement by the South African Competition Commission that it was investigating collusion among South African airlines on World Cup prices and pricing strategies. 1time recently submitted a complaint to the Competition Tribunal regarding kulula and Lanseria Airport's exclusive agreement.

Elsewhere in Africa, Kenya Airways (+3.1%) made its largest gain since 19-Jan-2010, after IATA certified the safety of the carrier's ground-handling operations.

In the Middle East, Royal Jordanian (+4.1%) made the biggest gain of the day, while Air Arabia was also up.

Jazeera and Kuwait National Airways were flat, as the Kuwait Stock Exchange Index (+0.1%) was virtually unchanged.

Sign-up today to Middle East-Africa Airline Daily!

Selected African and Middle Eastern airlines share price movements (% change): 11-Feb-2010

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