European airline shares were mixed on Thursday (05-Aug-2010) as wider markets ended the day marginally lower as investors awaited the US Jul-2010 employment report. However, some airline shares performed slightly better due to another decline in oil prices (-0.6%), to USD82.01.
easyJet and finnair report improved traffic, airberlin load falls
easyJet (+0.3%) was up marginally after reporting a 0.5 ppt year-on-year increase in load factor for Jul-2010, to 90.9%.
Elsewhere, Finnair (+0.2%) edged marginally higher as load factor rose 0.4 ppts for Jul-2010, to 82.2%, but only due to a 0.9 ppt improvement in Asia Pacific loads. Domestic, European and trans-Atlantic loads were all lower. Passenger numbers for the period also declined, down 1.2%, to 663,100. More positively, cargo traffic was up 54.4% for the month, to 11,651 tonnes.
Meanwhile, airberlin was flat after reporting a 2.1 ppt decline in load factor for the month, to 81.2%.
See related report: Europe’s three largest LCCs handle 16.3 million pax in Jul-2010
British Airways premium numbers improving
British Airways (-1.1%) declined after reporting a 0.6 ppt reduction in load factor for Jul-2010, to 84.0%, the day prior. Passenger numbers for the month also fell, down 0.4%, to 3.2 million. However, premium passenger numbers for the month rose 0.8%, indicating a possible improvement in operating revenue.
See related CAPA Profile: Traffic and Capacity
SAS world’s most punctual carrier
SAS Scandinavian Airlines was flat. The carrier announced during trading it was the world's most punctual carrier in Jul-2010 with 90.35% (14,312 of 15,840 flights) on time. In May-2010, the carrier's on-time performance was 91.30%, and 90.62% in Jul-2010. Other major European carriers OTP for Jul-2010 include:
- KLM, 84.50%;
- Norwegian (-0.5%), 83.25%;
- Air Berlin, 72.58%;
- Ryanair (-0.5%), 69.18%;
- easyJet, 52.45%;
- Iberia (-1.2%), 45.92%.
See related CAPA Profile: On-time performance & Delays
Elsewhere, Aegean Airlines (-2.0%) and Iberia (-1.2%) were also down for the day. Dart Group (+3.4%) was meanwhile the day’s biggest gainer, with Thomas Cook (+2.8%) and Turkish Airlines (+1.8%) also rising.
Europe selected airlines daily share price movements (% change): 05-Aug-2010