SpiceJet's shares slumped 7.4% yesterday - its biggest single-day decline since 09-Dec-2010 - as the airline outlined plans to boost capacity by approximately 40% this year after gaining fresh investment from billionaire Kalanithi Maran.
Jetstar is in negotiations with several Asian carriers to establish a new joint venture in the region, according to a report in the Australian Financial Review today. CEO Bruce Buchanan stated discussions with Japan Airlines regarding a domestic joint venture in Japan were progressing. The carrier is targeting traffic growth of at least 30% in Asia and Australasia this year as it enters a new marketing agreement with the powerful oneworld alliance, according to a report in The Australian.
Selected LCCs' daily share price movements (% change): 27-Jan-2011
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