13-Jun-2011 7:48 AM
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
