14-Jun-2010 1:13 PM
SAS, British Airways, Air France-KLM and Lufthansa shares rise on Friday
Analysis
European airline stocks closed out the week generally higher, led by SAS (8.9%), which continued to gain ground on a positive recent news flow, including its move to sell its 49% stake in Estonian Air to the Estonian Government and expectations the airline's yields will improve in coming months.
Summary
- SAS stock gains momentum on positive news flow and stake sale in Estonian Air.
- Air France-KLM sees higher stock prices due to improving traffic outlook.
- British Airways and Lufthansa also experience stock price increases.
- European airline stocks close the week generally higher.
- SAS leads the pack with an 8.9% increase in stock price.
- Airline industry shows signs of recovery with improving yields and traffic.
Air France-KLM (+3.0%) was also higher on an improving traffic outlook. See related report: Yield/revenue weakness in Europe in May-2010, though some glimmers of improvement
British Airways closed 2.2% higher and Lufthansa gained 2.1%.
Europe selected airlines daily share price movements (% change): 11-Jun-2010
