03-Aug-2009 12:25 PM
Thai Airways and ANA still expecting full year profitability; SIA not so optimistic
Analysis
Asian airline shares were mixed on Friday (30-Jun-09), as Asian equity markets strengthened and fuel prices increased again. Korean Air led the gainers on Friday, up 4.8%, while Qantas gained 3.6%. The Chinese carriers were also stronger on Friday, led by Air China (+2.9%), which reportedly expects to report a profit in 1H2009, due to cost reduction measures.
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