US airline stocks have eased as oil prices firmed in early trading this week. WTI finished trading on Monday at USD102.55 per barrel for June delivery, after slipping below USD100 per barrel late last week, prompting a rally in airline shares.
Also in Latin America, LAN Airlines and Copa Airlines have reported exceptionally strong Apr-2011 traffic, thanks to the late Easter holiday period, as well as the general recovery in passenger traffic. At the same time, both carriers are continuing to strongly increase capacity.
LAN Airlines reported passenger numbers rose 36.4% year-on-year to 1.7 million. Domestic passenger traffic was up 40.9% to 1.2 million passengers, on a 25.5% lift in overall domestic revenue passenger kilometers (RPKs) and a 24.3% increase in capacity. International passenger numbers rose 28% to 559,000, with RPKs up 29.2% and capacity up 16.6%.
Copa Holdings reported a 27.2% increase in revenue passenger miles (RPMs), with international RPKs surging 30.2% and domestic RPMS up 2.2%. Capacity rose 23.9% across the carrier's markets, up 27.4% in international markets but down 2.1% domestically.
See related report: Copa expects no slowdown in expansion or profitability
Copa shares traded down just 0.1%, while LAN was the day's only positive performer, gaining 0.5%
Selected AAD daily share price movements (% change): 10-May-2011
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