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SkyEurope jumps, Air Berlin also advances, while AirAsia, easyJet and Ryanair slip

Analysis

Stocks of the major LCCs were mixed on Tuesday (30-Jun-09). In Europe, Ryanair and easyJet shares were down 2.0% and 3.3%, respectively, in line with overall reductions in European stock markets, while Air Berlin shares were up 0.6%. In the Americas, WestJet, Allegiant and Southwest shares were up by 5.5%, 2.1% and 0.9%, respectively, shrugging off a weaker Wall Street, as oil prices dipped below USD70 per barrel.

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