Virgin Group searching for partner for Virgin Atlantic
Virgin Atlantic Airways founder and Virgin Group Chairman Sir Richard Branson stated the carrier needs a partner to compete with British Airways and that he plans to stay a “major shareholder” in the carrier. Sir Richard stated the carrier has seen some offers and is in discussions with "various people" without elaborating further.
easyJet reported the following traffic highlights in Mar-2011:
- Passenger numbers: 4.4 million, +11.9% year-on-year;
- Passenger load factor: 86.9%, -0.6 ppt.
airberlin reported the following traffic highlights in Mar-2011:
- Passenger numbers: 2.6 million, -0.2% year-on-year;
- Passenger load factor: 73.6%, +1.8 ppts.
Shares in UK and Ireland based carriers lead a better day for European airline shares. Aer Lingus rose 4.1%, while Dart Group, parent of Jet2.com, was up 4%. easyJet, Thomas Cook and Ryanair all traded strongly.
Selected EAD daily share price movements (% change): 06-Apr-2011