European and Asian LCC stocks trade down
LCC shares showed mixed performance in trading yesterday, although most LCCs based in Europe and the Asia Pacific fell heavily, as global markets suffer from the after effects of the Japanese earthquake. The heaviest fall was at Cimber Sterling, down 7.4%. The Danish carrier added DKK10 to its fares on 15-Mar-2010 in reaction to high fuel prices.
Also down was airberlin, which slipped 5.4%. Last week the carrier reported mild improvement in Feb-2011 traffic, due to disruption in the Middle East.
Shares in Brazilian LCC GOL were up 3.9%. The carrier reported traffic rose 4.5% in Feb-2011.
Selected PEA daily share price movements (% change): 15-Mar-2011