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Lufthansa trans-Atlantic traffic up strongly; Aer Lingus shares gain ground

Analysis

Lufthansa reports trans-Atlantic traffic rose 8.4% year-on-year in Dec-2010, with passenger numbers hitting 665,000 at an average load factor of 84.2%. For 2010 trans-Atlantic traffic hit 8.4 million passengers, up 7.5% at an average load factor of 85%. Lufthansa shares gained 1% in trading yesterday.

Summary
  • Lufthansa experienced an 8.4% increase in trans-Atlantic traffic in December 2010, with passenger numbers reaching 665,000 at an average load factor of 84.2%.
  • The overall trans-Atlantic traffic for Lufthansa in 2010 grew by 7.5%, with 8.4 million passengers and an average load factor of 85%.
  • Lufthansa's shares saw a 1% gain in trading following the positive traffic results.
  • Aer Lingus reported a significant decline of 20.5% in December 2010 traffic due to winter storms, but the carrier's load factor improved from 71.9% to 74.6%.
  • Despite the decline in December traffic, Aer Lingus shares rose by 5.4% as the carrier's bookings for 2011 showed improvement and a better outlook for travel demand.
  • Ryanair and British Airways also experienced slight increases in their share prices, with Ryanair up by 0.8% and British Airways gaining 1%.

Shares in Aer Lingus rose 5.4% on Wednesday. The carrier reported Dec-2010 traffic collapsed 20.5% due to the impact of winter storms. Load factor improved from 71.9% to 74.6%. The carrier's bookings for 2011 are improving with a better overall outlook for travel demand. Ryanair was up 0.8%, while British Airways shares gained 1%.

Selected European airlines daily share price movements (% change): 12-Jan-2011

EAD

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