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Shares in Aer Lingus jump as the Iseq rises. Aegean Airlines gains


European airline stocks experienced a second day of light holiday trade, with the majority of prices moving approximately 1.0 ppt up or down, including Finnair (+1.1%), Turkish Airlines (0.9%), Thomas Cook Group (+0.4%), El Al (-0.4%), Lufthansa (-0.5%) and Iberia (-0.6%).

Shares in Aer Lingus jumped 4.6%, as the Iseq rose 2.3%, while Aegean Airlines gained 3.9%.

Meanwhile, British Airways’ shares dipped 1.6%. The carrier faces further prospects of industrial unrest in mid to late Feb-2010. Cabin crew union, Unite, is now preparing to ballot members by the end of Jan-2009 by updating its membership list to ensure this ballot cannot be ruled unlawful.

Europe selected airlines daily share price movements (% change): 29-Dec-09

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