Air Mauritius gains, Air Arabia falls

Airline shares in the Middle East were mixed on Thursday.

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