These days, investors are cheered by airline moves to cut back – whether routes, fleets or staff numbers – as the path back to profits for most involves getting smaller. Cathay Pacific’s shares rose 5.8% yesterday on news the group is cutting capacity to Malaysia. Virgin Blue's shares rose 1.7% on confirmation V Australia would defer the delivery of its fifth and sixth B777s from 2010 to 2011/12.
Asia Pacific selected airlines daily share price movements (% change): 23-Apr-09
For daily updates on American aviation stock prices and a complete wrap of the day's breaking news, sign up now for a complimentary subscription to America Airline Daily.
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.