Aer Lingus, SAS and British Airways slump, Iberia drops, Finnair and Aegean gain
Shares in Jet2.com’s parent, Dart Group, slumped 10.8% on Friday, while Aer Lingus (-7.1%), SAS (-6.6%) and British Airways (-4.1%) all came in for heavy selling.
oneworld Atlantic alliance receives preliminary approval
British Airways’ shares are expected to bounce back today (15-Feb-2010) as the carrier received provisional approval on Saturday night by US regulators for anti-trust immunity for a proposed trans-Atlantic alliance with American Airlines, with only minor slot losses at Heathrow.
See related report: DoT grants British Airways-American Airlines/oneworld anti-trust immunity
Record January load factor for Iberia
Iberia’s shares closed 3.4% lower on Friday, before the carrier released its monthly traffic date showing a record January load factor of 80.0%, as passenger numbers rose 1.8% to 3.93 million and the airline cut capacity.
Finnair gained 6.3% on Friday.
Aegean Airline and Olympic discuss 'cooperation'
Meanwhile, Aegean Airlines rose 3.6% as it released a joint statement with Olympic Air that “discussions between the main shareholders of Olympic Air and Aegean Airlines have taken place concerning the potential of a future cooperation”, but adding, “at this time there is nothing specific to be announced. The statement followed local media reports that the airlines were discussing a future merger.
Europe selected airlines daily share price movements (% change): 12-Feb-2010