Air Arabia (-9.2%), Shanghai Airlines (-6.3%) and Korean Air (-4.3%) were among the biggest losers in equity markets yesterday (21-Jan-09).
Enthusiasm about a merger between Shanghai Airlines and cross-town rival China Eastern Airlines (-2%) could be waning, as investors realise combining two dogs will make an even bigger dog.
Asia Pacific selected airlines daily share price movements (% change): 21-Jan-09
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