19-Jan-2011 3:20 PM
Air Arabia posts small share price recovery
Analysis
Air Arabia's share price recovered 1.6% in trading on Tuesday. The carrier, the largest LCC in the Middle East, recently took delivery of its 20th A320. It operates joint ventures in Egypt and Morocco, as well as announcing plans last year for a new JV in Jordan.
Summary
- Air Arabia's share price recovers by 1.6% after recent delivery of 20th A320.
- Air Arabia is the largest low-cost carrier (LCC) in the Middle East.
- Air Arabia operates joint ventures in Egypt, Morocco, and plans for a new JV in Jordan.
- Royal Jordanian reports a 0.6% fall in share price.
- Limited trading observed in other Middle Eastern airlines.
- Share price movements of selected African and Middle Eastern airlines on 18-Jan-2011.
There was limited trading elsewhere in the Middle East, with Royal Jordanian reporting a 0.6% fall.
Selected African and Middle Eastern airlines' share price movements: (% change): 18-Jan-2011
