Thai Airways, AirAsia and Air China stocks surge
See related report: Thai Airways gains as tourism outlook improves
Air China upgraded, ANA benefits from Shanghai Expo
Air China advanced 4.1% yesterday on the same day Daiwa lifted its target price to HKD10.40, with an unchanged “Outperform" rating, noting the airline will benefit from an “aggressive fare increase”. The carrier is raising premium fares for 43 domestic routes from 15-Jul-2010.
Meanwhile, All Nippon Airways (ANA) stated its international passenger numbers surged 29.1% to 362,066 in May-2010, citing last year’s influenza outbreak (which depressed May-2009 figures) and strong demand for China-bound traffic amid the Shanghai World Expo. The number of ANA passengers to Asian destinations surged 35.4%, while US numbers rose 28.6%.
See CAPA Hot Issue on Traffic & Capacity
Asia Pacific selected airlines daily share price movements (% change): 06-Jul-2010