The Business Times

Airline share values in Asia weak, says Iata

Global freight business outlook optimistic as exports rise, says report

Published Mon, Nov 4, 2013 · 10:00 PM
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[SINGAPORE] Airline shares worldwide gained 5 per cent last month, over September, outperforming the broader market as the FTSE Global All Cap rose 4 per cent.

However, Asia-Pacific carriers have been facing some turbulence this year with share values reflecting the weaker financial performance, according to a report from the International Air Transport Association (Iata). In contrast, airline share prices in the US were up 13 per cent last month over September and have surged 76 per cent year-to-date.

Shares in Singapore Airlines closed at $10.40 yesterday, up seven cents, while Tigerair closed at 52.5 cents, or half a cent higher. Cathay Pacific ended the day's trading at HK$15.60, up 10 Hong Kong cents, and Australia's Qantas lost one Australian cent to close at A$1.23.

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