Loading

Qantas, Singapore Airlines and Cathay Pacific slip, reflecting overall market weakness

Analysis

Shares in the major Asia Pacific carriers were generally down on Monday (06-Jul-09), reflecting overall weakness in Asia Pacific markets. Cathay Pacific, Singapore Airlines, Japan Airlines and Qantas shares were all down, by 0.6%, 0.9%, 1.1% and 2.3%, respectively.

Deep stock market losses experienced by Indian carriers in Jun-2009 have continued into Jul-2009, with Kingfisher, SpiceJet and Jet Airways falling 8.4%, 5.9% and 2.6%, respectively, on Monday, following losses of 28.9%, 17.9% and 19.8% in Jun-2009. The carriers' shares are now back to 10% above start of year levels.

Kingfisher, Jet Airways and SpiceJet share price index: Jan-2009 to Jul-2009

Elsewhere, only Hainan Airlines, China Southern, Thai Airways and Asiana shares gained yesterday, up 3.3%, 2.0%, 1.4% and 0.3%, respectively.

Asia Pacific selected airlines daily share price movements (% change): 06-Jul-09

Want More Analysis Like This?

CAPA Membership provides access to all news and analysis on the site, along with access to many areas of our comprehensive databases and toolsets.
Find Out More