Korean Air, Kingfisher and Qantas lead Asia Pacific airline stocks


Asia Pacific airline stocks were mixed yesterday, with Indian carriers higher and Taiwanese airlines falling.

SpiceJet (+4.6%), Kingfisher (+3.5%) and Jet Airways (+1.6%) enjoyed solid gains, while Korean Air (+3.9%) and Qantas (+2.0%) also rose.

See the CAPA Hot Issues page on Asia Pacific Aviation

EVA Air (-3.1%) and China Airlines (-2.0%) dropped back, despite an agreement between Taiwan’s Civil Aeronautics Administration and the CAAC to increase cross-Strait frequencies with an additional 72 weekly flights from 05-Jul-2010. China Airlines will add 14 weekly frequencies on services to Beijing (to daily), Guangzhou (daily), Shenzhen (daily), Ningbo and Nanjing while the privately-owned Transasia Airways will add two weekly frequencies on the Taipei Songshan-Fuzhou and Kaohsiung-Fuzhou routes, respectively.

Hainan Airlines eased 0.6% as it released its traffic figures for May-2010, handling 1.6 million passengers in the month, up just 1.9% year-on-year.

Asia Pacific selected airlines daily share price movements (% change): 08-Jun-2010

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