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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 US, AirTran, Allegiant, JetBlue and Southwest all rose amid a stronger session on Wall Street.

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