Air France-KLM, Lufthansa and British Airways shares keep rising
Shares in Air France-KLM gained 3.4% on Thursday, upon the release of its Jul-2009 traffic results. The carrier stabilised its passenger load factor, which increased 0.7 ppts year-on-year to 85.1%.
Air France-KLM lessened a decline in traffic (RPKs) to 3.3% year-on-year, following a drop of 5.8% in 1QFY2009/10, hinting at signs of improvement. The carrier reduced capacity (ASKs) by 4.1% year-on-year in Jul-2009. See related article: Air France and Lufthansa continue to struggle with revenues, Air Berlin yield growth slows
Shares in rival, Lufthansa, jumped 3.7% yesterday.
British Airways’ shares were up 5.1% yesterday, following a 7.7% gain on Wednesday. Investors expect that volumes and seat factors will improve in the peak Summer months, after they stabilised in the first quarter.
Europe selected airlines daily share price movements (% change): 06-Aug-09