Jet2.com proves the doubters wrong
European LCC stocks were mixed on Friday, with healthy gains by Jet2.com parent, Dart Group (+6.6%) and Cimber Sterling (+3.7%), as well as big falls by Norwegian Air Shuttle (-7.4%), Vueling (-4.7%) and Air Berlin (-4.2%). easyJet also fell 2.9%, while Ryanair was virtually flat (-0.1%).
The Dart Group reported its annual profits fell by a third, but stated it is well placed for growth in the current year. See related report: ‘Geriatric’ low cost airline, Jet2.com survives through diversity
Selected LCCs daily share price movements (% change): 25-Jun-2010