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 reported strong May-2010 traffic numbers, with an 18% increase in passenger numbers and a significant surge in passenger load factor and yield.
- Despite the positive report, EVA Air's stock declined by 4.0%.
- China Airlines also experienced a decline in stock price (-3.5%) despite EVA Air's strong performance.
- AirAsia and Malaysia Airlines saw an increase in stock prices (+4.7% and +5.1% respectively) ahead of the unveiling of the tenth Malaysia Plan.
- Singapore Airlines, Qantas, and Cathay Pacific saw declines in their stock prices (-0.4%, -1.2%, and -2.8% respectively).
- For more information, refer to the CAPA Hot Issue page on Asia Pacific Aviation.
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