Shares in All Nippon Airways fell the most in more than six years on the Tokyo Stock Exchange on Wednesday (01-Jul-09). The reductions occurred on reports, which were later confirmed after the close of trading, that the carrier plans to raise more than JPY150 billion (USD1.6 billion) in a public share offering. The carrier also announced plans to raise its order for B787 equipment for 50 to 55 units.
See related article: All Nippon Airways SWOT: ANA poised for big things
Japan Airlines' shares slipped 1.1%. The carrier, like its major competitor, plans to boost capital amid the economic downturn, and has reportedly secured emergency loans of approximately JPY100 billion (USD1 billion) from a group of Japanese banks, led by the Development Bank of Japan.
ANA and Japan Airlines share price index: Jan-2009 to Jun-2009
Meanwhile, CAAC reported traffic highlights for May-2009 with passenger numbers increasing 17.8% year-on-year to 18.1 million, supported by growth in domestic and Hong Kong/Macau market, while cargo volume down 3.9% to 341,285 tonnes, following a 3.7% reduction in Apr-2009. (NB the Hong Kong Stock Exchange was closed yesterday, due to a public holiday in Hong Kong).
Asia Pacific selected airlines daily share price movements (% change): 01-Jul-09
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