Westjet traffic up 12% in Feb-2011; AirAsia Indonesia targets fourth quarter listing


AirAsia Indonesia announced it expects to raise USD150 million-200 million from the sale of a 20% stake in an IPO to be held at the end of 4Q2011. The funds raised will be used to acquire new aircraft, boost capital, finance long-term operational costs and speed corporate growth. The carrier plans to expand its fleet from 16 to 30 aircraft by 2015 and is targetting 15% revenue growth in 2011.

  • AirAsia Indonesia plans to raise USD150-200 million through an IPO to fund fleet expansion and corporate growth.
  • The carrier aims to increase its fleet from 16 to 30 aircraft by 2015.
  • Westjet reported a 12.2% increase in revenue passenger miles and a passenger load factor of 83.6% in February 2011.
  • Global low-cost carrier (LCC) share prices generally performed well, with Virgin Blue experiencing a strong rally.
  • Dart Group shares dropped 4.6% after a three-day upward trend.
  • These are selected share price movements for the day of March 3, 2011.

Westjet announced (03-Mar-2011) the following traffic highlights in Feb-2011:

  • Revenue passenger miles: +12.2% year-on-tear;
  • Passenger load factor: 83.6%, +1.1 ppts.

Global LCC share prices were typically stronger. Virgin Blue rose 5.9%, the strongest single-day rally in four weeks. Dart Group shared dropped 4.6%, ending a three-day upwards run.

Selected PEA daily share price movements (% change): 03-Mar-2011

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