Virgin Blue surges on V Australia's deal with Delta; Taiwan airlines surge - share wrap
V Australia operates daily services from Sydney to Los Angeles and will be joined on the route by Delta from 01-Jul-2009, giving the carriers' passengers a choice of a double daily service, which should substantially enhance their competitiveness against incumbents Qantas and United Airlines. Delta offers 17 non-stop destination from Los Angeles.
Qantas shares rose 1.5% yesterday, but was outperformed by the Australian ASK Index, which rose 2.4%.
Asia Pacific selected airlines daily share price movements (% change): 23-Mar-09