28-Jan-2011 4:20 PM
Air Mauritius gains, Air Arabia falls
Analysis
Airline shares in the Middle East were mixed on Thursday.
Summary
- Air Mauritius plans to increase the number of available seats by 6.3% due to rising demand.
- Air Mauritius shares rose 2.1% - the most in two weeks.
- Shares of airlines in the Gulf region fell due to rising political tension in Egypt, Tunisia, and Yemen.
- Air Arabia, with a hub in Alexandria, Egypt, experienced a 2% drop in shares - its biggest single day fall since November 2010.
- Airline shares in the Middle East were mixed on Thursday.
- This article provides selected African and Middle Eastern airlines' share price movements on January 27, 2011.
Air Mauritius rose 2.1% - the most in two weeks - as it announced plans to increase the number of seats available by 6.3% to a record 1.85 million, due to rising demand.
Meanwhile shares across the Gulf region fell reflecting rising political tension in Egypt, Tunisia and Yemen. Air Arabia, which has a hub in Alexandria (Egypt) fell 2% - its biggest single day fall since early Nov-2010.
Selected African and Middle Eastern airlines' share price movements: (% change): 27-Jan-2011
