26-May-2011 12:11 PM
Asia Pacific airline shares have another weak session
Asia Pacific airline stocks had another poor day yesterday, with broad-based falls of 1-4% for most carriers, reflecting higher oil prices.
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
