EVA Air, China Airlines fall, MAS and AirAsia gain

Asia Pacific airline stocks were mixed again yesterday, with Taiwan’s EVA Air (-4.0%) and China Airlines (-3.5%) weaker despite EVA’s very strong May-2010 traffic report.

EVA Air’s passenger numbers rose 18% year-on-year last month to 552,587, while passenger load factor surged 11.2 ppts to 79.3% and passenger yield jumped 20.8% to USD 6.75 cents. Cargo volumes climbed 55.8% to 75,539 tonnes and cargo yield soared 46.2% to USD 25.65 cents.

Malaysia’s AirAsia (+4.7%) and Malaysia Airlines (+5.1%) closed higher ahead of today’s unveiling of the tenth Malaysia Plan by Prime Minister Datuk Seri Najib Tun Razak.

Elsewhere, Singapore Airlines, Qantas and Cathay Pacific fell 0.4%, 1.2% and 2.8%, respectively.

See the CAPA Hot Issue page on Asia Pacific Aviation.

Asia Pacific selected airlines daily share price movements (% change): 09-Jun-2010