AirAsia’s shares leapt 6.5% yesterday, outperforming a 1.8% increase in the benchmark Kuala Lumpur Composite Index. The ASEAN carrier has announced a slew of new routes lately, including to Chengdu and Xian in China, as well as gaining rights to launch Langkawi-Singapore services soon.
Air China meanwhile leapt 10.2% yesterday. The carrier and its parent are playing saviour to several carriers, including Air China Cargo (recent buy-out of the 24% stake it did not own), East Star Airlines (takeover of the private carrier’s Wuhan-based operations) and Air Macau (comprehensive codeshare arrangement). Investors are increasingly confident of Air China’s (and Beijing’s) traffic outlook.
For daily updates on American aviation stock prices and a complete wrap of the day's breaking news, sign up now for a complimentary subscription to America Airline Daily.
Asia Pacific selected airlines daily share price movements (% change): 06-Apr-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.