European airline shares were mixed on Friday 24-Jun-2011. On wider European markets, shares were mostly down due to weakness in the financial sector, amid ongoing concern over the Greek debt crisis. Some of the region's key players, including Lufthansa, Ryanair, Turkish Airlines, airberlin and Air France-KLM managed gains following the sharp drop in oil prices late in the week as a result of the IEA intervention in oil markets.
Aegean Airlines was the region's strongest performer on Friday, following its announcement of a 25% year-on-year increase in international passenger numbers to 316,606 in May-2011. The carrier transported a total of 590,196 passengers in May-2011 and is targeting 3.5 million passengers in full-year 2011.
Selected European share price movements (% change): 24-Jun-2011