My Account Menu

CAPA Login


Register to trial CAPA Membership!

Air China soars after upgrade, Cathay lower - share wrap

5-Feb-2009
Air China CEO, Cai Jianjiang
Air China CEO, Cai Jianjiang

Air China's shares soared 8.6% on 04-Feb-09 after Deutsche Bank upgraded the airline to a "buy" on stronger domestic traffic and raised its 12-month target price by 6.5% to HKD2.45.

Deutsche Bank downgraded Air China's cross-equity partner, Cathay Pacific to "sell" from "hold" on the carrier's weak premium demand profile. Cathay shares fell 1.6% yesterday.

Asia Pacific selected airlines daily share price movements (% change): 04-Feb-09


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.