Aer Lingus stumbles, British Airways slips, Turkish Airlines soars
Aer Lingus’ shares dropped 6.4% yesterday as Ryanair (-2.0%) CEO, Michael O’Leary told Germany’s Der Spiegel magazine that the carrier intends to order or take firm options on up to 300 new aircraft from Boeing or Airbus by the end of the year.
Aer Lingus’ shares dropped almost 30% last month, making it the biggest loser in Europe in June, as the prospect for a turnaround dimmed.
British Airways’ shares eased 2.2% as the carrier failed to complete negotiations with its largest union, Unite. Negotiations will reportedly resume today (01-Jul-2009), despite BA’s self imposed deadline of 30-Jun-2009 passing for the completion of union talks.
Turkish Airlines’ shares soared 10% as the Turkish Stock Market reached its highest point in 2009 yesterday, as investors look forward to an expected strong traffic report by the national carrier.
Elsewhere, SkyEurope’s volatility continued after it sought creditor protection last week.
Europe selected airlines daily share price movements (% change): 30-Jun-09
