31-Jul-2009 12:35 PM
SIA yields slump in 1Q2010, Cathay in turmoil, China Eastern not optimistic
Analysis
Asian airline shares were mixed on Thursday (29-Jun-09), as Asian equity markets strengthened and fuel prices increased. Hainan Airlines led the gains yesterday, up 3.7%. Also stronger was Thai Airways, up 2.9%. Thai stated it has reduced non-fuel expenses by USD239.6 million in the first five months of 2009, as part of plans to reduce these expenses by USD321.1 million this year. Qantas and Japan Airlines shares were also up, by 0.9% and 0.6%, respectively.
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