Jet2.com parent soars, Southwest, easyJet and AirAsia higher, Ryanair falls again
US LCCs Southwest and Allegiant rose 2.1% and 2.3% yesterday, as LCC investors welcomed the almost 6% plunge in oil prices overnight to USD63.35 on higher US crude inventories.
Shares in the UK’s Dart Group, parent of successful LCC, Jet2.com, surged 11.7% ahead of the company’s earnings report. Investors continue to punish Ryanair (shares down 2%) after its earnings report, while easyJet (+3.7%) is in favour after a solid earnings performance and better outlook.
Selected LCCs daily share price movements (% change): 29-Jul-09