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ISEQ flat, Aer Lingus shares down 3pc

Thursday, December 05 12:51:01

The ISEQ stayed out of the red this morning but managed no real gains with Aer Lingus shares down 3pc after a poor set of passenger figures for November.

The index rose 3.06 points to 4,378.58.

Aer Lingus today said that its flown passenger numbers, including Aer Lingus Regional operations, decreased by 5pc to 728,000 in November 2013 compared to November 2012. Short haul flown passengers, including Aer Lingus Regional, in November 2013 were 647,000, a decrease of 4.7pc on November 2012, while long haul flown passengers in November 2013 were 81,000, a decrease of 6.9pc on November 2012. Aer Lingus mainline's flown passenger load factor in November 2013 decreased by 3.3 points on November 2012 to 73.3pc. Short haul flown load factor was 68.6pc, a decrease of 1.9 points on November 2012, with capacity decreasing 3.5pc. Long haul flown load factor was 80.0pc, a decrease of 5.7 points on November 2012, with capacity increasing 0.8pc on prior year. Shares fell 4c to E1.30.

European shares steadied after three days of selling, as focus turned to whether the European Central Bank will offer any new economic stimulus after the Bank of England left its interest rates at a record low. Markets remained under pressure amid peculation about the future of U.S. monetary stimulus. That kept bond yields elevated and left shares struggling to recover from this week's declines.