Skymark stock rose by 25.6% today, ending up ¥50 at ¥245 (US$2) after the Nikkei business daily’s online service reported that the troubled airline was negotiating a code-share agreement with JAL on a number of routes. A code share agreement with JAL would be good for Skymark and would allow the airline to sell tickets through the JAL ticket agents. This is the main reason for the share price increase as investors realise that the main failing of Skymark is the same as that for AirAsia Japan, the JV with ANA – tickets were sold online only which is not

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