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Tiger Airways to enter domestic Philippine trunk routes from Jul-2011

Analysis

SEAir, in partnership with Tiger Airways, will enter key domestic Philippine trunk routes from Jul-2011.

Summary
  • SEAir, in partnership with Tiger Airways, will begin operating domestic Philippine trunk routes from July 2011.
  • The initial routes will include Manila-Cebu with five daily flights starting on 1st July 2011.
  • SEAir will also operate three daily flights on the Manila-Davao route, starting on 2nd July 2011.
  • Tiger Airways' shares increased by 0.7% following the announcement.
  • Cebu Pacific also experienced a 0.5% increase in shares.
  • This partnership between SEAir and Tiger Airways will intensify competition on Philippine trunk routes.

SEAir will operate the following services:

  • Manila-Cebu: Five times daily, 01-Jul-2011;
  • Manila-Davao: three times daily, 02-Jul-2011.

Tiger's shares rose 0.7% yesterday, while Cebu Pacific gained 0.5%. See related report: Second phase of Tiger-SEAir partnership leads to even more competition on Philippine trunk routes

Selected PEA daily share price movements (% change): 10-May-2011

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