Asian airlines have been on a roll. Many have recently hit 52-week highs on anticipation of the return of a global travel boom. Cathay Pacific, Singapore Airlines, Qantas and Air New Zealand have been the strongest.
I don’t see it.
Oil is still hovering around $70 and the extremely profitable business and first class seats have been pretty empty on the Asian flights I’ve taken.
I don’t own any airlines so I was too dumb to ride the rally, but I’d be an airline seller now. Not a buyer.
More on this topic
(What's this?)
This Top-Performing Industry May Surprise You
(Investment U, 9/28/09)
Why Airline Mergers Don't Work: Scale is not a Blessing
(Competing for Customers and Capital, 9/24/09)
Airline stocks in flight
(Canadian Business Blog, 9/17/09)
Major Airline Deal Experiencing Turbulence
(Money Morning, 10/2/09)
Related posts:
- Asian air travel explodes I wouldn’t touch an airline with a 10 foot pole...
- Airlines losses to widen Airline stocks have been on the move; especially Chinese airlines...
- Chinese airlines suspends passenger service China’s first private airline, Okay Airlines, announced that it would...
- No paychecks for Air India employees How tough are times for the airline industry? Air India,...
- Passenger traffic crashes at Singapore Air As a follow up to the Air India story linked...
{ 0 comments… add one now }