Japan Airlines and ANA slide, Cathay Pacific and Jet Airways surge
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”.
Asia Pacific selected airlines daily share price movements (% change): 06-Oct-09