1time falls with wider market; Royal Jordanian and Kenya Airways up; Comair flat
The majority of African and Middle Eastern carriers’ shares were flat on Thursday (24-Feb-2010).
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.
The Centre for Asia Pacific Aviation (CAPA) has launched a unique new strategic business information service covering one of the world’s most exciting emerging aviation markets. Middle East-Africa Airline Daily is an efficient morning briefing on airline developments from both regions. Covering fleets, routes, financials, traffic, bilateral agreements, alliances, financing, ownership, along with analysis of all significant developments, it is your one-stop shop to aviation news from Africa and the Middle East – and best of all it’s free for a limited time. Sign-up today!
Selected African and Middle Eastern airlines share price movements (% change): 24-Feb-2010
Source: Centre for Asia Pacific Aviation & Reuters