LCC stocks mostly down: SkyEurope slumps, Southwest, Ryanair and easyJet ease
Selected LCCs daily share price movements (% change): 22-Jun-09
Among the European LCCs, Air Berlin, Ryanair and easyJet were all down, by 4.4%, 3.7% and 1.1%, respectively. However, the worst performing LCC stock of the day was struggling Bratislava-headquartered SkyEurope, which has been granted creditor protection allowing it to operate while it undergoes a restructuring of its operations to "make the company more attractive for potential investors". The carrier can receive up to nine and a half months protection and will continue full operation of scheduled and charter flights, as well as preserving its workforce and paying suppliers.