Asian airline stocks surge as oil price fall, India's carriers lead the way

Oil prices in New York fell below USD100 per barrel for the first time since mid-Mar-2011 on Thursday, losing 8%. Losses continued on Friday.

Gains were led by Jet Airways, which surged 11.9%, while Kingfisher and SpiceJet also rose by more than 10%. See related report: Air India writes its own melodrama

Selected Asia Pacific airlines daily share price movements (% change): 06-May-2011