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1time falls with wider market; Royal Jordanian and Kenya Airways up; Comair flat

Analysis

The majority of African and Middle Eastern carriers' shares were flat on Thursday (24-Feb-2010).

Summary
  • African and Middle Eastern carriers' shares remained mostly unchanged on Thursday.
  • 1time Holdings experienced a decline in shares, following the trend of the South Africa All-Share Index.
  • Royal Jordanian Airlines saw a slight increase in shares despite a decline in the Amman Stock Exchange.
  • Kenya Airways also experienced a small gain in shares.
  • The Centre for Asia Pacific Aviation (CAPA) launched a new strategic business information service called Middle East-Africa Airline Daily, providing comprehensive coverage of aviation news from the two regions.
  • The service is currently being offered for free for a limited time.

1time Holdings (-2.9%) dropped, moving with the wider market, as the South Africa All-Share Index (-0.5%) fell for its second consecutive day. A number of major South African business are due to report their annual financial results soon.

Royal Jordanian Airlines (+1.1%) meanwhile gained, despite a 0.9% decline in the Amman Stock Exchange, pushed lower by a decline in industrial shares.

Kenya Airways (+0.5%) also made a slight gain.

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Selected African and Middle Eastern airlines share price movements (% change): 24-Feb-2010

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