10-Jun-2010 4:40 PM
Comair only gainer for the day; Lonrho, Kuwait National Airways and Jazeera decline
Analysis
The majority of Middle East and African airline shares were down on Thursday (09-Jun-2010). Kuwait National Airways (-2.0%) and Jazeera Airways (-1.6%) were both down, as the Kuwait Stock Exchange (-0.8%) ended trading down after a volatile day of trading.
Summary
- Middle East and African airline shares experienced a decline on Thursday.
- Kuwait National Airways and Jazeera Airways were among the airlines that saw a decrease in their shares.
- Royal Jordanian also experienced a decline in share prices.
- Comair was the only gainer in the African market.
- Lonrho and Kenya Airways saw a decline in their share prices.
- Air Arabia and 1time Holdings had relatively stable share prices.
Also in the Middle East, Royal Jordanian (-0.6%) was also down, as the Amman Stock Exchange eased 0.1%. Air Arabia was flat.
In Africa, Comair (+2.5%) was the only gainer of the day, while 1time Holdings was flat. Lonrho (-2.2%) and Kenya Airways (-1.0%) declined.
See related CAPA Profiles:
Selected African and Middle Eastern airlines share price movements (% change): 09-Jun-2010
Source: Centre for Asia Pacific Aviation & Reuters