WestJet & Southwest expand Summer 2010 schedule
Southwest Airlines (shares up 4.2% yesterday) announced plans to add 65 services and eliminate 24 services, for a net gain of 41 services, between 09-May-2010 and 13-Aug-2010.
The schedule reflects seasonal travel patterns when demand increases and flying time decreases during the Summer period.
WestJet adds five new routes, expands service on 19 others for Summer 2010
WestJet’s shares were down 1.2% yesterday, as the carrier unveiled its flight schedule for Summer 2010, featuring five new routes and expanded service on 19 trans-border and international routes. WestJet previously stated it expects capacity growth of between 5-10% in 2010, following growth of 2-3% in 2009.
Indian jet fuel prices reduced
SpiceJet’s shares soared 7.2% yesterday, after state-run oil companies reduced jet fuel prices in India for the second time this month, by 1.6%.
Ryanair’s shares fell 1.1% yesterday, as the carrier announced plans to open its 38th and 39th bases, at Malaga and Faro, respectively. In Malaga, the carrier will base four aircraft and 19 new routes (for a total of 39 routes), while six aircraft will be based in Faro, with 14 new routes added (for a total of 28).
Selected LCCs daily share price movements (% change): 16-Dec-09