Shares in AirAsia gained 4.7% as the carrier reported a 12.4% increase in passenger numbers to 4.0 million in the three months ended Sep-2010. Thai AirAsia handled 1.4 million passengers in the period (+8.8%) while Indonesia AirAsia handled 1.1 million passengers (+8.3%). Load factors for the three AirAsia branded airlines were in the 76-81% range.
China Southern expects net profit of USD49m in nine months to Sep-2010
Shares in China Southern also gained, up 3.4%, as the carrier stated it expects net profit for the nine months ended 30-Sep-2010 to surge 1400% year-on-year to CNY322 million (USD48.5 million) with earnings per share of CNY0.05, based on China Accounting Standards.
Kalanithi Maran purchases additional 2.28% stake in SpiceJet
Shares in SpiceJet slipped 3.3% yesterday after the carrier announced Sun TV founder Kalanithi Maran and his unlisted aviation firm, KAL Airways, acquired an additional 9.22 million shares or 2.28% stake in SpiceJet through an off-market transaction. Mr Maran’s direct holding in the carrier now stands at 26.2%.
Air India largest carrier in domestic Indian market
In other SpiceJet news, the carrier handled 492,000 passengers in Sep-2010, a 6.7% year-on-year increase according to the Indian Ministry of Civil Aviation. Air India was the largest carrier in the domestic Indian market in the month, with 731,000 passengers (+19.1%) although a combined Jet Airways/JetLite handled 1.0 million passengers (761,000 for Jet Airways, +37%; JetLite: 290,000, +7%). Kingfisher handled 773,000 passengers in the month. Shares in kingfisher increased 0.9% yesterday while Jet Airways shares slipped 0.8%.
Asia Pacific selected airlines daily share price movements (% change): 19-Oct-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.