Saturday, August 12, 2006

Oil price clips wings of Asia Pacific airlines

Oil price woes are slicing into the share price of most Asia Pacific airlines, including Qantas, forcing them deep into negative territory in the past six months.
Only five of the 20 regional carriers have had share price growth in the period.
Qantas shares, which closed down 3 cents at $3.05 yesterday, have fallen 25 per cent since January.
Indian carriers Air Deccan, SpiceJet and Jet Air recorded the biggest falls.
Their shares are now down 48-55 per cent on what they were when the jet kerosene spike began in February.
All Nippon Airways and Japan Airlines – two of the region's biggest carriers – are also confronting respective price falls of 7 and 34 per cent.
12/08/06 Geoff Easdown/Melbourne Herald Sun, Australia
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