Air France-KLM shares jump, easyJet-Aer Lingus go head-to-head - share wrap

Air France-KLM shares gained 5.2% on 04-Feb-09 - outperforming a 2.9% gain on the broader Paris CAC index. Sentiment was supported by an MoU to build a commercial partnership with Canada's WestJet (+2.4%).

The agreement allows the airlines to begin working on building a codeshare agreement in late 2009 or early 2010 involving the Canadian gateways of Calgary, Montreal, Toronto and Vancouver where passengers would connect with each other's networks.

Meanwhile, Aer Lingus shares eased 3.5% on reports easyJet will launch services on three of the same routes the Irish carrier has announced for Apr-09 (London Gatwick to Munich, Vienna and Zurich). easyJet shares rose 2.0%.

European selected airlines daily share price movements (% change): 04-Feb-09