EVA Air and China Airlines higher, Kingfisher eases
China Airlines' shares rose 2.7% yesterday as the carrier disclosed it earned TWD1.2 billion (USD65.9 million) in net income in the first two months of 2010 alone.
- China Airlines reports a net income of TWD1.2 billion in the first two months of 2010, leading to a 2.7% increase in shares.
- EVA Air experiences a 20% increase in passenger numbers in February 2010, with passenger and cargo yields also showing positive growth.
- Kingfisher Airlines launches daily Delhi-London service and plans to introduce four more international destinations from Delhi and three from Mumbai.
- Kingfisher Airlines' shares decline by 1.1% following the announcement of new international routes.
- Daily share price movements of selected Asia Pacific airlines on 29-Mar-2010 are provided.
- Data source: Centre for Asia Pacific Aviation & Reuters.
Taiwan-based rival, EVA Air, last week reported a 20% increase in passenger numbers in Feb-2010, thanks to the Lunar New Year Holiday period falling in February this year. Passenger and cargo yields were up 13.3% and 12.7% year-on-year, respectively.
Kingfisher Airlines' shares eased 1.1% yesterday as the carrier launched daily Delhi-London service and confirmed plans to launch four more international destinations from Delhi and three more international destinations from Mumbai over the coming weeks, according to the following schedule:
- Delhi-Hong Kong, 07-Apr-2010;
- Delhi-Bangkok, 17-Apr-2010;
- Delhi-Dubai, 24-Apr-2010;
- Delhi-Kathmandu, 24-Apr-2010;
- Mumbai-Bangkok, 07-Apr-2010;
- Mumbai-Dubai; 24-Apr-2010;
- Mumbai-Kathmandu, 24-Apr-2010.
Asia Pacific selected airlines daily share price movements (% change): 29-Mar-2010
Source: Centre for Asia Pacific Aviation & Reuters