ASIAN AIRLINES SHARES LIFTED BY FALLING OIL PRICE

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By admin May 10, 2011 12:27

ASIAN AIRLINES SHARES LIFTED BY FALLING OIL PRICE

Singapore Airlines shares gained 3% since the price of oil fell last week. Air China and Cathay Pacific Airways also saw their stocks gain immediately after the fall.

However, analysts are warning that this is only a short term rally, and airlines will continue to feel the pressure from rising oil prices in the mid and long term.

admin
By admin May 10, 2011 12:27
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