04-Apr-2011 3:42 PM
European LCC shares finish lower, AirAsia interested in a stake in Indian airline
Analysis
Summary
- Shares of UK and Irish low-cost carriers (LCCs) experienced a decline on Friday, with easyJet, Flybe, and Ryanair all seeing drops in their share prices.
- Scandinavian LCCs Cimber Sterling and Norwegian also faced share price falls.
- easyJet reported an increase in its issued share capital due to the issuance of shares to meet the exercise of options under the company's employee share option schemes.
- AirAsia CEO Tony Fernandes expressed interest in acquiring a minority stake in an Indian airline, emphasizing the need for improved airport infrastructure to attract foreign investors to the Indian aviation sector.
- The decline in LCC share prices occurred on April 1, 2011.
- The specific percentage changes in share prices for each LCC were not provided in the article.
easyJet stated its issued share capital as at 31-Mar-2011 consisted of 430.2 million shares with a nominal value of GBP0.25 pence per share, with voting rights. The increase results from the issue of shares to meet the exercise of options under the company's employee share option schemes. easyJet stated eight employees, including CEO Carolyn McCall, have been awarded shares under the easyJet Long Term Incentive Plan.
AirAsia CEO Tony Fernandes stated that the carrier is interested in acquiring a minority stake in an Indian airline, but improved airport infrastructure would be vital for attracting foreign parties into the Indian aviation sector.
Selected LCC share price movements (% change): 01-Apr-2011
