16-Mar-2011 3:35 PM
European and Asian LCC stocks trade down
Analysis
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.
Summary
- LCC shares showed mixed performance in trading, with European and Asia Pacific carriers experiencing heavy falls.
- Cimber Sterling, a Danish carrier, saw the heaviest fall of 7.4% and attributed it to high fuel prices.
- airberlin slipped 5.4% due to disruptions in the Middle East, despite reporting mild improvement in February traffic.
- Brazilian LCC GOL saw a 3.9% increase in shares after reporting a 4.5% rise in traffic for February.
- Global markets continue to be affected by the aftermath of the Japanese earthquake.
- These are the selected PEA daily share price movements on March 15, 2011.
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
