26-May-2011 12:11 PM
Asia Pacific airline shares have another weak session
Analysis
Asia Pacific airline stocks had another poor day yesterday, with broad-based falls of 1-4% for most carriers, reflecting higher oil prices.
Summary
- Asia Pacific airline stocks experienced a poor day, with most carriers seeing falls of 1-4% due to higher oil prices.
- All Nippon Airways was one of the few airlines to gain, with a 1.3% increase in its stock price.
- Singapore Airlines remained flat, but announced plans to establish a long-haul low-cost carrier after the market closed.
- The establishment of a long-haul low-cost subsidiary is part of Singapore Airlines' strategy to restore growth after a lost decade.
- The daily share price movements on 26th May 2011 were closely monitored in the Asia Pacific aviation market.
- The article provides links to related reports on All Nippon Airways' LCC subsidiary announcement and Singapore Airlines' long-haul low-cost subsidiary strategy.
All Nippon Airways was one of the few to gain (1.3%), in the wake of its LCC subsidiary announcement, while Singapore Airlines was flat. SIA announced plans to set up a long-haul low-cost carrier after the market closed.
See related report: SIA's long-haul low-cost subsidiary strategy to restore growth after a lost decade
Selected APAD daily share price movements (% change): 26-May-2011
