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Korean Air and Asiana Airlines mixed on January traffic

Korean airline stocks were mixed on Monday, as the country's main carriers reported a slowing of freight demand growth.

Korean Air reported a 3% year-on-year increase in passenger numbers to 1.4 million in Jan-2011. The carrier also reported a smaller increase in cargo volume to 140,000 tonnes during the month.

Asiana Airlines reported a 2.1% year-on-year increase in passenger numbers to 890,000 in Jan-2011. The carrier reported it transported 57,000 tonnes of cargo during the month, an increase of 4% from Jan-2009.

Pakistan International Airlines' shares regained significant ground as the threat of strike action eased.

Selected APAD daily share price movements (% change): 14-Feb-2011