My Account Menu

CAPA Login

Register to trial CAPA Membership!

Indian airline stocks drop on fare regulation; AirAsia to establish Philippine JV


Indian airline stocks declined on Wednesday as the Government intervened to curtail airlines from charging high fares for last-minute ticket bookings. Kingfisher shares slumped 7.3% following a 2.8% decline the previous day. SpiceJet shares were 1.8% weaker, following a decline of 2.3% the previous day while Jet Airways’ shares fell 3.7%.

The Government has been mounting pressure on airlines to reduce fares and publicly make available fares on a sector-by-sector basis after fares rocketed after Diwali, especially for last-minute or spot tickets. 

AirAsia to establish Philippines JV

AirAsia shares gained 4.2% to MYR 2.72 yesterday marking a record close. The airline will set up a Philippines unit by 1Q2010, Philippine Board of Investments Head Cristino Panililio stated in an interview yesterday.

EVA Air passenger yield increases; cargo yield weaker in Nov-2010

EVA Air shares gained 0.9% yesterday. The carrier reported continued double-digit passenger yield growth in Nov-2010 with yield increasing 35.1% to USD 8.21 cents. Cargo yield, however, declined 4.5% to USD 27.17 cents. The carrier handled 489,636, passengers in the month (-8.3% year-on-year) and 70,173 tonnes of cargo (+9%). 

Asia Pacific selected airlines daily share price movements (% change):  08-Dec-2010

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.