Kenya Airways drops Nairobi-Mombasa fares, shares gain

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.

Elsewhere, Lonhro fell 1.4% and Air Mauritius was flat.

Selected African and Middle Eastern airlines’ share price movements: (% change): 26-Jan-2011