GKN Aerospace and Bombardier up - Suppliers share wrap
GKN Aerospace shares gained 3.6%, following a 3.1% gain on Monday. The aerospace company's Oct-2010 outlook update was positive, with aerospace expected to have a strong fourth quarter as sales delayed during the summer shut-down are recovered over the balance of the year.
- GKN Aerospace shares gained 3.6% following a positive outlook update.
- Bombardier shares rose 2.9% after securing a USD 120 million order for five business jets.
- Expedia's shares dipped 3.2% despite a strong profit report and increased forward bookings.
- Daily share price movements of selected Original Equipment Manufacturers and Aviation Suppliers & Leasing are provided.
- GKN Aerospace expects a strong fourth quarter with recovered sales from the summer shut-down.
- Expedia reported a 10% increase in aircraft ticket sales in the third quarter.
Bombardier shares were up 2.9%. The company announced an order for five business jets at Airshow China. The deal is valued at USD120 million.
Shares in Expedia dipped 3.2%. Expedia's shares hit a two-year high in late Sep-2010 and have slipped slowly backwards since. The company's profit report in Oct-2010 topped investor expectations, with the company reporting a strong increase in forward bookings. Sales of aircraft tickets through Expedia rose 10% in the third quarter.
Selected Original Equipment Manufacturers daily share price movements (% change): 15-Nov-2010
Source: Centre for Asia Pacific Aviation & Yahoo! Finance
Selected Aviation Suppliers & Leasing daily share price movements (% change): 15-Nov-2010
Source: Centre for Asia Pacific Aviation & Yahoo! Finance