Norwegian’s yields slip in Oct-2009; Two more LCCs for Japan?


Norwegian Air Shuttle’s shares slipped 4.1%, after the carrier reported a worsened yield estimate of NOK0.63 (EUR 7.52 cents) for Oct-2009, an 11% reduction, following a 4% reduction in Sep-2009. Oct-2009’s year-on-year yield reduction marks only the fourth month of yield contractions at the carrier since Jun-2008.

Dart Group rated as an attractive company by ADIF-investment Analytics

Also in Europe, Dart Group’s (parent of LCC, Jet2.com) shares gained 6.0% yesterday, after ADIF-Investment Analytics applied its StockMarks stock-rating system to Dart Group PLC and produced a report rating the company's attractiveness to long-term investors and stating that “Dart Group PLC is an average quality company with a neutral outlook”. 

Selected LCCs daily share price movements (% change): 08-Nov-09

Two more LCCs for Japan?

In the Asia Pacific, Qantas CEO, Alan Joyce, stated Qantas Airways may advise Japan Airlines on establishing a LCC, as it attempts to keep the struggling Japanese airline in the oneworld alliance.

ANA President and CEO, Shunichiro Ito, also confirmed that the airline has resumed preparations to establish a low cost airline subsidiary. Previous planning to set up a Hong Kong based subsidiary was put on hold in Apr-2009, when economic conditions made it impossible.

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