British Airways stated it is considering further job cuts, possibly via voluntary redundancy scheme, to improve cost efficiency. Investors seized on the news, shrugging off the carrier's disclosure of a nine-month pre-tax loss, sending British Airways shares up 10.5% by the close on 06-Feb-09.
BA reported premium traffic fell 13.7% in Jan-09 year-on-year. The airline is considering capacity cuts for the upcoming Winter season.
Meanwhile, Austrian Airlines' state-owned parent, OeIAG, stated the airline could become insolvent if a planned takeover by Lufthansa falls through. The airline's shares sank 9.6%.
European selected airlines daily share price movements (% change): 06-Feb-09