Vueling traffic drops 8% in Feb-2011
Vueling Airlines reported an 8% fall in Feb-2011 traffic on Friday, with passenger numbers falling by more than 50,000 to 630,000. Average load factors dropped 3 percentage points, to 68.5%. The carrier cut aircraft movements to 3.4%, but added a new aircraft to its fleet compared with 2009, taking the total to 36. Shares in Vueling were 3.3% lower on Friday.
European LCC shares were generally lower, with Norwegian down 3.5%, Dart Group - owner of Jet2.com - down 3.3% and airberlin slipping 2.9%. Asia Pacific LCC shares also traded lower, with SpiceJet and Tiger Airways recording the largest falls.
Selected PEA daily share price movements (% change): 11-Mar-2011