21-Jan-2009 11:30 AM
China Eastern, Jet Airways, Thai Airways shares fall, Shanghai Airlines up strongly
Analysis
China Eastern Airlines shares slumped 5.6% on 20-Jan-09 after UBS cut its price target on the stock from CNY2.50 to CNY2.00 and reiterating its "sell" rating. China Eastern is not the only carrier set to struggle this year. UBS predicts a 25% reduction in revenues in 1H09 across Asia's airlines.
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