Kenya Airways and Jazeera Airways lead the rally; but Comair slips
The majority of African and Middle East carriers' shares gained on Thursday (11-Mar-2010), with Comair (-0.4%) the only carrier to slip, taking an edge of its gains the day prior.
- Comair is the only African and Middle East carrier to experience a decline in shares, while others have gained.
- Comair plans to upgrade its aircraft fleet to improve operational efficiency and environmental sustainability.
- Kenya Airways is the top gainer of the day, followed by 1time and Lonrho.
- Jazeera leads the Middle East carriers in share price gains, followed by Royal Jordanian and Air Arabia.
- Kuwait National Airways' shares remain unchanged.
- The Centre for Asia Pacific Aviation (CAPA) has launched a free strategic business information service called Middle East-Africa Airline Daily, covering airline developments in the region.
Comair is currently planning to partially upgrade its aircraft fleet to the next generation B737-800 aircraft. The carrier stated the planned upgrade of the Comair fleet will contribute to operational efficiency and environmental sustainability.
Kenya Airways (+5.0%) was the day's biggest gainer. 1time (+2.9%) was also up, despite a decline in the South Africa JSE All Share market (0.6%), tracking weaker results in European markets. Lonrho (+2.0%) followed.
In the Middle East, Jazeera (+3.8%) led the way, followed by Royal Jordanian (+3.1%), which gained despite a fall in the Amman Stock Exhange (-0.6%). Air Arabia (+1.0%) was also up, while Kuwait National Airways was flat.
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Selected African and Middle Eastern airlines share price movements (% change): 11-Mar-2010
Source: Centre for Asia Pacific Aviation & Reuters