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Kenya optimistic tourist arrivals would pass 1 million; Middle East shares stable

Analysis

Kenya Airways (-0.6%) announced it had established a new 24-hour call centre to improve customer service and sales performance. It came as the Kenya Tourist Board (KTB) stated it is optimistic arrivals would pass 1 million by the end of 2010. Tourist arrivals in 1H2010 increased 20.5% year-on-year to 482,950.

Summary
  • Kenya Airways establishes a new 24-hour call centre to enhance customer service and sales performance.
  • Kenya Tourist Board predicts tourist arrivals in Kenya to surpass 1 million by the end of 2010.
  • Tourist arrivals in Kenya increased by 20.5% in the first half of 2010.
  • South African LCC 1time considers expanding its operations in Zambia.
  • Middle Eastern airline shares remain stable, with Air Arabia experiencing a slight increase.
  • Jazeera, Royal Jordanian, and Kuwait National Airways shares remain unchanged.

South African LCC 1time (+3.2%) stated it is looking at additional opportunities to expand in Zambia. The carrier operates Johannesburg-Livingstone service and is assessing other destinations.

See related CAPA profile: Route changes

Middle Eastern shares were mostly stable with Jazeera, Royal Jordanian and Kuwait National Airways shares unchanged, while Air Arabia (+1%) rose slightly.

Selected African and Middle Eastern airlines share price movements (% change): 28-Jul-2010

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