South African airline shares dip

Shares in South African LCC 1Time fell 5.6% yesterday, continuing the carrier's downward run. Comair South Africa - which operates Comair and LCC Kulula - also fell, down 2.2%, while Lonrho, owner of Fly540, was down 4.2%.

Shares in Middle Eastern carriers were slightly stronger, with Air Arabia up 0.8% and Royal Jordanian gaining 1.3%.

Selected MEAAD daily share price movements (% change): 01-Mar-2011