SpiceJet, Kingfisher Airlines and Jet Airways shares fell 4.7%, 2.1% and 1.0%, respectively, on 13-Feb-09, as the Railways Ministry announced a 2% cut in passenger fares under the union Budget. After last week's hike in domestic air fares - a move that prompted a government investigation in possible "cartelisation" in the sector - the attractiveness of rail travel has improved.
Elsewhere, shares in Virgin Blue, Air China, Hainan Airlines and China Airlines all gained more than 4% on Friday.
Asia Pacific selected airlines daily share price movements (% change): 13-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.