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Thai Airways feeling effects of swine flu, China Airlines' yield weak in Jun-2009

Analysis

Asia Pacific airline shares were mixed on Thursday (16-Jul-09), despite most Asian equity markets closing higher. Shares in Shanghai Airlines and China Eastern, the two Shanghai-based carriers which recently announced plans to merge, continued to rise yesterday, by 5.0% and 4.0%, following gains of 5.1% and 11.0% on Wednesday, respectively.

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