15-Feb-2011 12:40 PM
Korean Air and Asiana Airlines mixed on January traffic
Analysis
Korean airline stocks were mixed on Monday, as the country's main carriers reported a slowing of freight demand growth.
Summary
- Korean airline stocks show mixed performance due to slowing freight demand growth.
- Korean Air reports a 3% increase in passenger numbers and a smaller increase in cargo volume.
- Asiana Airlines reports a 2.1% increase in passenger numbers and a 4% increase in cargo volume.
- Pakistan International Airlines' shares recover as strike threat diminishes.
- The article highlights selected APAD daily share price movements on 14-Feb-2011.
- The overall trend suggests a cautious outlook for the aviation industry.
Korean Air reported a 3% year-on-year increase in passenger numbers to 1.4 million in Jan-2011. The carrier also reported a smaller increase in cargo volume to 140,000 tonnes during the month.
Asiana Airlines reported a 2.1% year-on-year increase in passenger numbers to 890,000 in Jan-2011. The carrier reported it transported 57,000 tonnes of cargo during the month, an increase of 4% from Jan-2009.
Pakistan International Airlines' shares regained significant ground as the threat of strike action eased.
Selected APAD daily share price movements (% change): 14-Feb-2011
