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AirAsia and Qantas higher, Cathay and SIA weaker, SpiceJet, Kingfisher and Jet Airways snap winning

Analysis

Shares in AirAsia continued to gain ground (+2.4% yesterday) ahead of this week's March quarter earnings report. Qantas gained 1.1% as rumours circulate the carrier has appointed Morgan Stanley to conduct a wide-ranging strategic review of its structure and operations. Virgin Blue was steady yesterday.

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