The majority of African and Middle East carriers’ shares gained on Thursday (11-Mar-2010), with Comair (-0.4%) the only carrier to slip, taking an edge of its gains the day prior.
Comair is currently planning to partially upgrade its aircraft fleet to the next generation B737-800 aircraft. The carrier stated the planned upgrade of the Comair fleet will contribute to operational efficiency and environmental sustainability.
Kenya Airways (+5.0%) was the day’s biggest gainer. 1time (+2.9%) was also up, despite a decline in the South Africa JSE All Share market (0.6%), tracking weaker results in European markets. Lonrho (+2.0%) followed.
In the Middle East, Jazeera (+3.8%) led the way, followed by Royal Jordanian (+3.1%), which gained despite a fall in the Amman Stock Exhange (-0.6%). Air Arabia (+1.0%) was also up, while Kuwait National Airways was flat.
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Selected African and Middle Eastern airlines share price movements (% change): 11-Mar-2010