Lufthansa shares start week stronger


Shares in Lufthasa rose 2.9% on Monday, following the carrier's strong full-year earnings report at the end of last week. The carrier reported an operating profit of EUR876 million and a net profit of EUR1.1 billion in 2010, and will pay a dividend of EUR0.60 per share.

Aeroflot Finance raised its stake in Aeroflot from 7.22% to 10.38%. Aeroflot Finance is a wholly owned subsidiary of Aeroflot. The transaction took place on 18-Mar-2011. Aeroflot Finance now holds 115.3 million shares in the carrier. Shares in Aeroflot were down 0.8% yesterday.

British Airways CEO Keith Williams stated the carrier is 15% smaller than it was 10 years ago, although it expects to grow in the next few years after a focus on reducing costs and routes recently. The airline has ordered 24 B787s and 12 A380s as part of these growth plans which includes expansion of its long-haul network.

Selected EAD daily share price movements (% change): 21-Mar-2011

Want More Analysis Like This?

CAPA Membership provides access to all news and analysis on the site, along with access to many areas of our comprehensive databases and toolsets.
Find Out More