Meanwhile, Malaysia Airlines failed to gain a lift from its announcement yesterday of plans to join the oneworld alliance, dropping a further 1.4%. Qantas, which will sponsor MAS into the alliance, dropped 3.4%.
Kingfisher Airlines gained 1.8% as Chairman Vijay Mallya stated the carrier has resumed talks with investors to raise USD300 million through global depository receipts, but did not specify a time frame for the issue.
Selected Asia Pacific daily share price movements (% change): 06-Jun-2011
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.