Shares in AirAsia rose 6.3% on Thursday, hitting an all-time high of MYR3.04 after two days of relatively heavy trading. AirAsia shares have been trading generally upwards since May-2010, more than doubling in value. The shares have eased down 1.6% in trading to 1pm Sydney time today.
Shares in Virgin Blue were up 2.3%. Despite concerns about the affect of the Queensland floods on the carrier’s operations, its ongoing diversification and tie-up moves continue to present a challenge to the Qantas Group. Virgin Blue has recently signed deals with Etihad Airways, Air New Zealand and Skywest Airlines.
Selected LCCs' daily share price movements (% change): 13-Jan-2011
Want more analysis like this? CAPA Membership gives you access to all news and analysis on the site, along with access to many areas of our comprehensive databases and toolsets.
Find out more and take a free trial.