AirAsia up on bullish outlook: Euro LCCs extend losses

LCCs posted mixed results, largely across geographies, to start the week. Asian markets were mostly up and LCCs in the region recorded modest gains. US LCCs bucked the wider downward trend to strengthen slightly, but lingering concerns in Europe extended last week's losses. LCCs in Europe all closed lower, with the exception of Dart Group, which has shown surprising resilience against the recent downward backdrop.