Asian share prices rebounded on Friday after struggling for much of the week. Airline shares were no exception, despite a continuation of weak traffic reports for the sector.
Virgin Blue and Qantas advanced 6.0% and 4.7%, respectively, while Mainland Chinese airlines also had some respite. Jet Airways shares lifted 1.3% despite the carrier reporting a USD44 million loss in the Oct-Dec-08 quarter, compared to a USD23.7 million loss in the previous corresponding period.
Asia Pacific selected airlines daily share price movements (% change): 16-Jan-09
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.