Aer Lingus shares fall, ISEQ dips
Aer Lingus shares fell sharply in Dublin today after April passenger figures showed that growth failed to keep up with extra capacity.
The airline's shares were down at close today by 5c at €3.05.
Aer Lingus carried 2.4% more passengers in April compared with the same month in 2006, but the percentage of seats filled was lower as the airline put on more flights.
In April, Aer Lingus carried a total of 779,000 passengers, with short-haul passengers up 3.3% but long-haul passengers down 3.8% compared with April 2006.
The news at Aer Lingus reflected the general downward trend in trading on the ISEQ this afternoon as share prices fell 108.43 points at 9692.43 with all the financial heavyweights reporting losses.
The biggest loser AIB plunged 46c to close at €22.62.
Bank of Ireland and IL&P both lost 16c at €16.20 and €19.75 respectively.
Anglo Irish Bank managed to slow the pace of plummeting shares with a 8c drop to €17.12.
