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Air New Zealand, Malaysia Airlines get pre-result jitters, Virgin Blue back to earth - share wrap

26-Feb-2009

Malaysia Airlines shares fell 3.2% yesterday ahead of the airline's quarterly results due on Friday. The carrier shares are down almost 30% this year.

Malaysia Airlines share price: 02-Jan-09 to 25-Feb-09

Virgin Blue shares came back to earth (falling 7.3%) after the previous day's post-results surge of 15%.

Virgin Blue share price: 02-Jan-09 to 25-Feb-09

Meanwhile, Air New Zealand shares dipped 1.2% yesterday ahead of the airline's interim results announcement, but regained ground today as the carrier stated it expects to see financial performance "significantly improve" in the second half of the financial year, if current conditions and jet fuel prices continue, notwithstanding the "soft" demand outlook.

Asia Pacific selected airlines daily share price movements (% change): 25-Feb-09


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