LCC stocks slip: AirAsia, easyJet, Ryanair and Southwest all lower, Virgin Blue jumps

All the major LCC shares were down on Friday (12-Jun-09), with Norwegian Air Shuttle the worst affected, falling 5.0%. The reduction coincides with reports by the governments of Norway and Sweden that the recession in the respective countries is likely to continue for "some time". The two Scandinavian economies are experiencing their deepest economic contractions since World War II.