Asia Pacific airline stocks in volatile trade. Korean Air yields surge
Asia Pacific airline stocks continue to gyrate as global financial markets struggle with the European debt crisis and what it means for global economic growth.
Chinese airline stocks soared yesterday after a bout of weakness last week, while Thai Airways slumped 6.9% after some recent respite.
Korean Air releases further 1Q2010 data
Korean Air (-2.0%) released more 1Q2010 financial data yesterday showing a massive spike in yields (in USD) in the first quarter, including 60%+ and 20%+ rises in cargo and domestic passenger yields and double-digit international passenger yield expansion.
Korean Air yield (US cents) growth (% change year-on-year): 1Q2007 to 1Q2010
The airline's yields (in US cents) are still below pre-crisis levels, but showing some positive signs.
Korean Air yield (US cents): 1Q2007 to 1Q2010
Asia Pacific selected airlines daily share price movements (% change): 24-May-2010