Air Arabia soars, Virgin Blue and AirAsia rise - share wrap
Elsewhere, Virgin Blue shares rose 2.1%,as the airline unveiled deep first half losses, as expected, mostly related to V Australia's start-up costs. ABN AMRO maintained its "Hold" recommendation on Virgin Blue and a AUD0.25 price target. The broker's guidance is for a full-year loss of AUD4.8 million before the impact of the carrier's investment in V Australia.
Asia Pacific selected airlines daily share price movements (% change): 23-Feb-09