Airline stocks climb in Korea, Japan and Taiwan, fall in China/India. Vietnam predicts strong growth


Asia Pacific airline shares were mixed yesterday, with North Asian airlines generally higher, led again by market darling Asiana Airlines (+4.8%), China Airlines (+4.6%) and EVA Air (+2.6%). Indian and Chinese airlines stocks were lower, including SpiceJet (-5.5%), China Eastern (-4.1%), Air China (-4.0%) and Kingfisher Airlines (-4.0%).

  • North Asian airlines, including Asiana Airlines, China Airlines, and EVA Air, experienced positive share price movements.
  • Indian and Chinese airlines, such as SpiceJet, China Eastern, Air China, and Kingfisher Airlines, saw a decline in their stock prices.
  • The Vietnam VN Index dropped by 2.6% and closed below the 500 level.
  • Despite the Vietnam Government's target of 7.5%-8.5% GDP growth in the 2011-2015 period, the country aims for 6.5% GDP growth this year.
  • The overall performance of Asia Pacific airline shares was mixed.
  • Data source: Centre for Asia Pacific Aviation & Reuters.

See related report: Asia Pacific LCCs finding the going tough in international markets

The Vietnam VN Index fell 2.6% yesterday, closing below the psychologically important 500 level, at 494.9. This was despite the Vietnam Government announcing its target of 7.5%-8.5% GDP growth in the 2011-2015 period. The country targets GDP growth of 6.5% this year, up from 5.3% in 2009.

Asia Pacific selected airlines daily share price movements (% change): 19-May-2010

Want More Analysis Like This?

CAPA Membership provides access to all news and analysis on the site, along with access to many areas of our comprehensive databases and toolsets.
Find Out More