Virgin Blue’s shares plummeted 28% on Friday after releasing its second profit warning in a month (but regained over 6% in early trade today), while Qantas gained 1.2%, with a further increase during today's morning trading.
Erstwhile Virgin Blue partner, Air New Zealand, also lost 1.7% on Friday and was down nearly 1% in morning trade today.
Elsewhere, Air China (+4.3%) also continued its price recovery, while Kingfisher Airlines gained 3.6% as it revealed sharply lower losses in FY2010 and predicted a profit in FY2011. See related report: Kingfisher Airlines heading in right direction, predicts profitable 2010/11
Asia Pacific selected airlines daily share price movements (% change): 28-May-2010
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