Aer Lingus jumps, SAS and Lufthansa flat, Air France-KLM gains, Austrian strong

Aer Lingus’ shares lost 1.3% yesterday, following the release of its traffic highlights for Nov-2009.

Load factor was down 1.3 ppts year-on-year to 71%, despite a 4.7% year-on-year increase in passenger numbers in Nov-2009. While short-haul passenger numbers increased 9.1% year-on-year, long-haul dropped 25.0% year-on-year in the month.

SAS: Market conditions remain “unpredictable”

Shares in SAS were flat yesterday, following the release of its Nov-2009 traffic report. The Group reported an increase in load factor to 67.2% (+1.7 ppts year-on-year) and 6.4% year-on-year reduction in passenger numbers to 2.1 million for Nov-2009.

SAS expects the change in yield for Nov-2009 to be negative, with pressure on yields remaining, following 11.3% yield reduction in Oct-2009. The carrier stated market conditions remain “unpredictable” and timing of a recovery is uncertain.

Air France-KLM: Demand environment still “horribly depressed”

Shares in Air France-KLM rose 0.5% yesterday. CEO, Pierre-Henri Gourgeon, stated the demand environment is still “horribly depressed”, but the airline noted a slight improvement in conditions. The CEO also noted that its trans-Atlantic JV with Delta has given “the same effect of consolidation” and the venture is working on the basis that eliminates distinctions between the carriers. Load factors have improved by 4 percentage points to 87-88%.

Austrian Airlines: Continued squeeze out of small shareholders

Austrian Airlines’ shares surged another 14.4% as the carrier’s extraordinary general meeting on 16-Dec-2009 nears. Lufthansa previously announced it intends to vote through a resolution to offer to acquire the shareholding of the existing minority shareholders at EUR0.50, excluding costs and provision at the meeting. Shares in Lufthansa were virtually flat yesterday (+0.1%).

Europe selected airlines daily share price movements (% change): 07-Dec-09