Asia-Pac airline stocks steady despite jet fuel turbulence
Conflicts in Iraq push crude oil prices higher on fears of supply disruptions
SHARE prices of Asia-Pacific carriers remained largely stable last month compared to May, while global airline shares underperformed the broader market.
Rising jet fuel prices saw global airline shares slip 2 per cent in June, while the FTSE Global All Cap edged up 3 per cent over the same period, according to the latest financial monitor report by the International Air Transport Association (Iata).
Shares in Singapore Airlines (SIA) closed at $10.39 yesterday, down one cent, while Hong Kong's Cathay Pacific and Australia's Qantas ended the day's t…
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Cordlife substantial shareholder Nanjing Xinjiekou still mulling over offer to buy over remaining shares
Nvidia agrees to acquire Israeli AI software provider Run:ai
HSBC says growing Chinese wealth fuels client investments in US
Unilever's India quarterly profit disappoints
US: Wall St opens higher on tech boost, upbeat earnings
GM CEO Barra compensation fell 4% in 2023 to US$27.8 million