Weak cargo sector weighs on Asia-Pacific airlines
Their shares drop in Feb while global carriers gain 6%, Iata data shows
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Nisha Ramchandani
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SHARES in Asia Pacific carriers remained weak in February, even as worldwide airline shares increased 6 per cent month-on-month boosted by robust financial performance.
According to data from the International Air Transport Association (Iata), the gain in global airline shares was generally in line with the broader market as the FTSE Global All Cap increased 5 per cent.
Singapore Airlines ended yesterday's trading at S$10.33, up nine cents. During February, the counter hit a low of S$9.44 and a high of S$10.25.
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