Turkish Airlines, SAS shares lose ground; Air France-KLM reports traffic

Turkish Airlines announced plans to operate to 11 new destinations in 2011. The carrier plans to launch new long-haul services to Guangzhou, Los Angeles and Manila, as well as more destinations in North Africa, the Middle East and Europe.

Shares in Turkish Airlines were down 4.8% on Monday. Shares in SAS Group also fell (-4.1%). SAS' shares have fallen back after a report last week that several carriers, including Air France-KLM Group, Lufthansa and British Airways, would be willing to bid for the airline if it underwent privatisation.

Air France-KLM reported consolidated passenger traffic fell 1.6% in Dec-2010. The group estimated the impact of the winter snowstorms in Europe at EUR70 million to it operations. British Airways estimated earlier that the winter storms would cost it GBP50 million.

Selected European Airlines daily share price movements (% change): 11-Jan-2011