03-Jul-2009 12:40 PM
US LCCs slip, as does Ryanair, easyJet and Air Berlin, AirAsia up slightly
Analysis
Shares in the major US LCCs were down yesterday (02-Jul-09), led by AirTran (-4.9%). The Orlando-based carrier yesterday reported a 5.4% year-on-year reduction in passenger numbers to 2.2 million, with load factor slipping 1.1. ppts to 83.6%. The carrier's 2Q2009 load factor of 80.7%, a 1.3 ppt year-on-year improvement, represented a new second quarter record for the carrier, as it reduced capacity (ASMs) by 7.6% in the quarter.
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