My Account Menu

CAPA Login


Register to trial CAPA Membership!

China Southern advances, Qantas, Malaysia Airlines and Japan Airlines lower - Share Wrap

30-Jun-2009

Shares in China Southern advanced 6.8% on Monday (29-Jun-09), despite an unwelcome 22% increase in local jet fuel rates on 29-Jun-09, the second increase in as many months. NYMEX and Brent oil prices jumped on Monday, exceeding USD70/barrel, as prices continue to rebound from the Feb-2009 lows of around USD30/barrel.

Qantas shares were also down yesterday, by 0.5%. Qantas Group today released its May-2009 traffic figures, with the Group reporting very concerning domestic and international yield reductions in May-2009.

In other traffic news, Thai Airways’ passenger numbers slumped 17.1% in May-2009, with cargo volume down 19.0% and load factors slipping a frightening 15.3 ppts. Load factor on services to Australia slumped the most, down 22.0 ppts to 59.0%, with only domestic load factors showing year-on-year improvements (+1.0 ppts to 73.0%). The carrier’s share price was down 2.1% on 29-Jun-09, but remains in a stronger position than at the beginning of the year.

Thai Airways share price growth: Jan-2009 to Jun-2009

 

Elsewhere, Cathay Pacific and Singapore Airlines shares rose by 1.2% and 1.3%, respectively. Shares in Malaysia Airlines fell 4.4%, reflecting overall reductions in local stock indexes on Monday, with Japan Airlines and AirAsia also down, by 2.1% and 1.7%, respectively.

Asia Pacific selected airlines daily share price movements (% change): 29-Jun-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.