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Turkish Airlines' traffic up 10% in first five months

Analysis

Shares in Turkish Airlines gained 0.2% on Friday as the carrier revealed its passenger numbers for the first five months of 2011 have risen 10.4% year-on-year to 12 million.

Summary
  • Turkish Airlines reports a 10.4% increase in passenger numbers for the first five months of 2011.
  • The airline's load factor decreased by 2.9 percentage points to 68.8% during the same period.
  • Turkish Airlines' shares gained 0.2% following the announcement.
  • European airline stocks experienced a decline on Friday, reflecting weaker equity market sentiment.
  • Aer Lingus saw a 3.7% drop in its share price, while Finnair experienced a 2.2% decline.
  • These figures represent the daily share price movements on June 10, 2011.

The airline's load factor fell by 2.9 ppts to 68.8% in the period.

Most European airline stocks fell on Friday, reflecting weaker equity market sentiment. Aer Lingus dropped 3.7% and Finnair 2.2%.

Selected European airlines' daily share price movements (% change): 10-Jun-2011

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