Kulula fights back at 1time, Royal Jordanian and Air Arabia up, Comair down
Lonrho (-4.1%), 1time (-3.5%) and Comair (-1.3%) shares all dropped on Thursday (11-Feb-2010). South Africa’s FTSE/JSE Africa All Share Index (-0.1%) fell for a second consecutive day, pushed down by a fall in mining stocks, after the European Union declined to provide details of plans to assist Greece with its sovereign debt issues.
Also in South Africa, kulula.com challenged all South African airlines to lower their fares during the FIFA World Cup, following last month's announcement by the South African Competition Commission that it was investigating collusion among South African airlines on World Cup prices and pricing strategies. 1time recently submitted a complaint to the Competition Tribunal regarding kulula and Lanseria Airport’s exclusive agreement.
Selected African and Middle Eastern airlines share price movements (% change): 11-Feb-2010