23-Dec-2010 11:44 AM
China Southern, Malaysia Airlines and China Eastern shares gain strongly
Analysis
Shares in China Southern, Malaysia Airlines and China Eastern all gained by over 5% yesterday.
Shares in China Southern gained 7.5% with China Eastern shares up 5.2%, bouncing off previous lows. Shares in Malaysia Airlines were also up strongly by 5.7% yesterday.
Malaysia Airlines and KLM signed a preliminary agreement to investigate closer links with each other. The carriers plan to further strengthen their existing relationship which has been in place over the past 11 years. The aim is to offer greater connectivity, better schedules and more choice for their passengers.
Asia Pacific selected airlines daily share price movements (% change): 22-Dec-2010
Source: Centre for Asia Pacific Aviation, Reuters & Financial Times