Search our Site:

  Latest News
  New Oneworld Moves At Heathrow
  Ba To Acquire Stake In Goair?
  Air New Zealand Test Flight Proves Viability Of Jatropha Biofuel
  Flight Numbers Down At Major Uk Airports
   Airlines
 
  Alitalia
  British Airways
  EasyJet
  Flybe
  KLM
  Lufthansa
  Ryanair
  Virgin Atlantic
  BMI British Midland
   
   Cities
 
  Auckland
  Bangkok
  Dubai
  Edinburgh
  Hong Kong
  Las Vegas
  Melbourne
  Perth
  Rome
  Singapore
   
   Travel
  Airport
  Car Hire
  Flights
  Holidays
  Hotels
  Other News
  ebookers
  Green Travel
   
   Archive
  December ('08)
  November ('08)
  October ('08)
  September ('08)
  August ('08)
  July ('08)
  June ('08)
  May ('08)
  April ('08)
  March ('08)
  February ('08)
  January ('08)
  
  News Archive
   
   Update News
 
Select your chosen web-based RSS news reader from the listed below:
 
 
 
   Related Links
 
 
 
 


European Airlines

 
   
Decrease in oil prices boosts Air France and Ryanair  
European Airlines  
   

A recent report published by Bloomberg states that the falling oil prices have given a boost to some of the major players in the airline industry namely Air France, Lufthansa and Ryanair. Especially in case of Ryanair, the carrier could see its shares close at 24 cents up when compared to the previous day of trading. This value actually represented a 7.6 percent increase. Notably, each of Ryanair's shares is valued at 3.39 euros. Air France showed a remarkable performance with its shares witnessing a jump by 96 cents, making a 6 percent increase over the figures noted earlier. Also, the shares value of Lufthansa rose by 4 percent today.

Reputed analysts like Andrew Fitchie, who represents Collin Stewart, has observed that if the oil price is on continuous decline, several numbers of airlines shall see the values of their share rise in the markets. The current price of oil stands at $128.25 for a barrel, showing a remarkable decrease from a record high price of $147.27, reached on July 11th, 2008. However, according to Fitchie, the world's largest carriers are still not out of the difficult situation yet. If an airline needs to simply break even or at least avoid getting into a loss, the oil prices need to settle down at around $120 per barrel, however, certainly not more than $125. It is rather doubtful whether this could happen in the immediate future. This is because several observers still predict that the oil prices shall further increase during this year.