Japan Airlines and ANA slide, Cathay Pacific and Jet Airways surge


Shares in Japan Airlines (JAL) and ANA slid 3% and 3.6% on Tuesday, respectively, as investors digested JAL's decision to suspend talks with Delta Air Lines and American Airlines over potential equity investments and alliances. The Nikkei rose 0.18% yesterday.

Cathay higher as Hang Seng gains

In Hong Kong, the Hang Seng Index added 1.9% yesterday, after Monday's rally on Wall Street, with Cathay Pacific surging 6.1%. The carrier stated it recorded its best weekly passenger load factor for 2009 at the start of October, reflecting the Mainland's week-long National Day holiday from 01-Oct-2009, although CEO, Tony Tyler, attributed the gains to "seasonal strength in the market" and yields remain "much reduced".

Elsewhere, Jet Airways added to Monday's 12.9% rise gaining a further 10.4% yesterday, while Air New Zealand added 4.1% and Qantas gained 0.4%.

Asia Pacific selected airlines daily share price movements (% change): 06-Oct-09

Want More Analysis Like This?

CAPA Membership provides access to all news and analysis on the site, along with access to many areas of our comprehensive databases and toolsets.
Find Out More