21-Mar-2011 3:56 PM
TravelSky shares spike
Analysis
Summary
- Travelsky Technology's shares surged 6.9% after signing a strategic cooperation agreement with Ctrip, a prominent online travel agent in China.
- Amadeus, a US-based distribution provider, saw its shares decline by 1.6% after signing an agreement with conTgo mobile solutions to offer mobile travel services to its customers.
- Expedia, another US-based distribution provider, experienced a 1% drop in its shares on Friday.
- Travelsky Technology's partnership with Ctrip indicates potential growth opportunities in the Chinese travel market.
- Amadeus aims to enhance its travel management services by integrating conTgo's mobile solutions.
- The daily share price movements of these companies reflect the market's response to recent strategic agreements and partnerships in the aviation industry.
Shares in US-based distribution providers Amadeus and Expedia were weaker on Friday, down 1.6% and 1% respectively. Earlier this week, Amadeus signed an agreement with conTgo mobile solutions to provide Amadeus travel management companies customers with full access to the company's mobile travel services.
Selected Others daily share price movements (% change): 18-Mar-2011
