easyJet, Ryanair, Southwest and AirAsia gain, Virgin Blue loses ground
Worldwide LCC share prices generally gained on Monday (13-Jul-09), with Norwegian Air Shuttle leading the way, with an 8.3% increase. The carrier is scheduled to release its second quarter financial figures today. Also in Europe, easyJet and Ryanair both gained 3.5%.
In the Asia Pacific region, AirAsia's shares were up 0.9%, despite overall market weakness and Virgin Blue fell 4.9% as the carrier's management stated it sees "capital management initiatives as appropriate, given prevailing macro-economic conditions", but its Board "had not approved any such transaction as has been reported".
Selected LCCs daily share price movements (% change): 13-Jul-09