Weak cargo sector weighs on Asia-Pacific airlines
Their shares drop in Feb while global carriers gain 6%, Iata data shows
Add BT as a preferred source
Nisha Ramchandani
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.
TRENDING NOW
When every phone becomes a satellite phone, what happens to Asia’s telcos?
Lily Ler to step down as CEO of Mapletree Industrial Trust manager
Jardine C&C selling Singapore, Malaysia dealerships to Indonesia’s Chandra Asri for US$221 million gain
Digital Realty, STT GDC among data centre operators awarded 50 MW of new capacity in Singapore
