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Lufthansa shares start week stronger

Shares in Lufthasa rose 2.9% on Monday, following the carrier's strong full-year earnings report at the end of last week. The carrier reported an operating profit of EUR876 million and a net profit of EUR1.1 billion in 2010, and will pay a dividend of EUR0.60 per share.

Aeroflot Finance raised its stake in Aeroflot from 7.22% to 10.38%. Aeroflot Finance is a wholly owned subsidiary of Aeroflot. The transaction took place on 18-Mar-2011. Aeroflot Finance now holds 115.3 million shares in the carrier. Shares in Aeroflot were down 0.8% yesterday.

British Airways CEO Keith Williams stated the carrier is 15% smaller than it was 10 years ago, although it expects to grow in the next few years after a focus on reducing costs and routes recently. The airline has ordered 24 B787s and 12 A380s as part of these growth plans which includes expansion of its long-haul network.

Selected EAD daily share price movements (% change): 21-Mar-2011