Air Mauritius shares end lower, Comair up
Air Mauritius shares eased back 3.6% in trading on Thursday. Shares in the company jumped more than 7% earlier in the week, when the carrier forecast better profitability in the upcoming quarter, thanks to a resurgence in passenger demand.
Bookending Air Mauritius was South Africa’s Comair, which increased 3.8% yesterday. Comair competitor, South African Airways, will reportedly be required to return two B737-800 it is leasing once the contracts expire at the end of Jan-2011. SAA will also relinquish a third Boeing to Mango, its low-cost subsidiary. SAA does not expect to acquire new A320s to replace the Boeings until 2013.
Meanwhile, the South African Department of Transport announced the introduction of its National Airspace Master Plan (NAMP), covering 2011 to 2015. The plan aims to introduce ICAO Standards and Recommended Practices (SARP) to South Africa.
Selected African and Middle Eastern airlines’ share price movements: (% change): 13-Jan-2011