flybe shares down; Jazeera Airways 2010 increases market share


Shares in UK regional carrier Flybe finished the week 3.2% lower. flybe pilots, represented by BALPA, have rejected an offer from the regional LCC on pay and conditions. The pilots could vote for industrial action if talks, due to be held next week, do not provide a breakthrough. 81% of pilots voted to reject the offer.

  • Flybe pilots reject pay and conditions offer, potential for industrial action.
  • Jazeera Airways handles 1.2 million passengers in 2010, outperforming other Kuwaiti carriers.
  • Jazeera Airways holds significant market shares on various routes.
  • Flybe shares finish the week 3.2% lower.
  • Talks between Flybe and pilots scheduled for next week.
  • 81% of Flybe pilots vote to reject the offer.

Kuwait's Directorate for Civil Aviation (DGCA) reports Jazeera Airways handled 1.2 million passengers in 2010. The carrier outperformed Kuwaiti carriers to destinations in the Middle East. Jazeera Airways had a market share of 30% on the Kuwait-Beirut route, a 33% market share on the Kuwait-Amman route, a 48% market share on the Kuwait-Alexandria route and a 42% market share on the Kuwait-Damascus route.

Selected PEA daily share price movements (% change): 18-Feb-2011

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