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Japan Airlines and ANA shares ease on capacity cuts, Singapore Airlines advances - share price wrap

Japan Airlines Group President and CEO, Haruka  Nishimatsu
Japan Airlines Group President and CEO, Haruka Nishimatsu

Investors sent Japan Airlines and All Nippon Airways shares lower yesterday, by 1.5% and 0.9%, respectively, as both carriers confirmed capacity cuts amid softening demand.

Singapore Airlines also confirmed capacity cuts to Europe, India and North America, but its shares rose 3.1%, while Qantas (+2.1%) confirmed it is considering its capacity and fare settings.

Korean Air and Asiana shares rebounded 9.2% and 3.6%, respectively, after heavy falls the previous day.

Asia Pacific selected airlines daily share price movements (% change): 28-Jan-09

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