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SpiceJet’s shares keep falling, Cebu Pacific and AirAsia lower

Analysis

Shares in Indian LCC SpiceJet fell a further 4.2% on Friday, taking the week’s losses to around 15%.

On 09-Dec-2010, SpiceJet placed a firm order for 15 Q400 NextGen turboprops, with options for 15 more, to tap into regional markets under the next phase of its evolution. Investors appear very cautious.

SpiceJet share price over past month (INR)

Elsewhere, Cebu Pacific was down 1.7% and AirAsia 0.8%.

Selected LCCs daily share price movements (% change): 10-Dec-2010

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