27-Jan-2011 3:50 PM
Kenya Airways drops Nairobi-Mombasa fares, shares gain
Analysis
Kenya Airways' shares gained 0.5% yesterday (rising for the first time since 07-Jan-2011), as it lowered fares by 22% on the key Nairobi-Mombasa route to boost competitiveness on the sector, according to reports cited by Bloomberg.
Summary
- Kenya Airways lowers fares on Nairobi-Mombasa route by 22% to enhance competitiveness.
- Kenya Airways' shares rise for the first time since 2011.
- Lonhro experiences a 1.4% decrease in share price.
- Air Mauritius' share price remains unchanged.
- The article focuses on selected African and Middle Eastern airlines' share price movements.
- The data is from 26-Jan-2011.
Elsewhere, Lonhro fell 1.4% and Air Mauritius was flat.
Selected African and Middle Eastern airlines' share price movements: (% change): 26-Jan-2011
