24-Dec-2010 1:37 PM
Cebu Pacific gains, AirAsia falls
Analysis
It was Cebu Pacific's turn to surge on the stock market yesterday, following hefty gains by rival Philippine Airlines earlier in the week, as the aviation landscape in the country shifts.
Summary
- Cebu Pacific experienced a surge in the stock market, following the gains made by Philippine Airlines earlier in the week.
- The aviation landscape in the Philippines is undergoing a shift.
- AirAsia's stock slumped by 5.6% due to Malaysia Airlines' network cooperation with KLM.
- Malaysia Airlines' partnership with KLM had a positive impact on its stock market performance.
- These developments highlight the competition among Southeast Asian low-cost carriers.
- The daily share price movements of selected low-cost carriers were monitored and analyzed.
See related report: Philippine Airlines faces storm as Cebu Pacific grows, Tiger and AirAsia enter market
Southeast Asian LCC rival, AirAsia slumped 5.6% yesterday as Malaysia Airlines tied up with KLM for network cooperation. See related report: Malaysia Airlines jumps on KLM cooperation plans
Selected LCCs daily share price movements (% change): 23-Dec-2010
Source: Centre for Asia Pacific Aviation, Yahoo! Finance & Reuters