Air Arabia, Shanghai Airlines, Korean Air lead airline share falls

Air Arabia (-9.2%), Shanghai Airlines (-6.3%) and Korean Air (-4.3%) were among the biggest losers in equity markets yesterday (21-Jan-09).

Enthusiasm about a merger between Shanghai Airlines and cross-town rival China Eastern Airlines (-2%) could be waning, as investors realise combining two dogs will make an even bigger dog.

Asia Pacific selected airlines daily share price movements (% change): 21-Jan-09