08-Mar-2010 3:48 PM
Cimber Sterling and Norwegian report improved passenger numbers, but reduced yields
Analysis
European carriers' shares were led higher on Friday (05-Mar-2010) by Nordic airlines reporting traffic results for Feb-2010, despite a rise in oil prices (+0.4%), to USD81.18. Wider markets also pushed airline shares higher, with markets up on easing concerns over Greece's debt issues and a smaller than expected decline in US jobs for Feb-2010. Markets rose to a six-week high as a result.
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