British Airways owner International Consolidated Airlines (IAG) falls 5% to 636p, the biggest loser on the FTSE 100 index on Friday.
That's despite robust third quarter results to 30 September showing €1.5bn operating profits. That's a 25% jump year-on-year basis, although much of that p;rogress has come from deep cost cutting.
Revenue per available seat kilometre, an important airline metric, is also lower, down 0.4% to €6.64.
The FTSE 100 is up over 28 points at 7,512 after US tech giants revealed a surge in earnings on Wall Street.
In corporate news, the poorly received bank results this week halted with largely state-owned bank Royal Bank of Scotland (RBS) being up 2.3% to 286.65p after posting a profitable third quarter to 30 September.
While its pre-tax profit of £871m is a great improvement on the £255m pre-tax profit it made a year before, it is some way off its previous quarter figure of £1.2bn.
Speciality chemicals company Elementis (ELM) is up 3.8% to 290.80p on releasing a trading statement about its third quarter to 30 September. The company says it has ‘performed in line with expectations and seen a continuation of the trends experienced across the first half of the year’.
Technology company Laird (LRD) rises 6.1% to 161.50p after growing its revenue by 19% to £245m in the third quarter to 30 September.
Long suffering support services company Carillion (CLLN) is up 2.3% to 45.25p after announcing it has appointed Andrew Davies as chief executive. Davies is currently chief executive of privately owned engineering firm Wates.
On the AIM market, media company System1 (SYS1:AIM) collapses 22.7% to 400p as it reveals declining revenues and profits by 10% and 9% to £13.82m and £11.39m respectively.
