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Home / Business / The optimism of air travel drives the growth of aviation stocks in the Asia-Pacific region

The optimism of air travel drives the growth of aviation stocks in the Asia-Pacific region



Qantas A380 will take off on the runway in Dresden, Saxony on August 21, 2020

Tino Plunert | Photo League | Getty Images

After a series of announcements greatly boosted the prospects for international air travel, Asia-Pacific airline stocks were on the move in Tuesday̵

7;s trading.

Australia’s Qantas Airways (Qantas Airways) shares rose 2.55%, while Air New Zealand’s shares rose about 6%.

New Zealand Prime Minister Jacinda Ardern announced that the “travel bubble” between New Zealand and Australia will begin on April 19, and these stocks have risen as a result.

At the same time, Singapore’s aviation regulator stated that starting in May, Singapore will begin accepting travelers who use the International Air Transport Association (IATA) mobile travel pass for pre-departure inspections. On Tuesday, Singapore Airlines shares rose about 0.2%.

Willie Walsh, Director General of the International Air Transport Association, said in a statement: “It is very important to have the confidence of an aviation leader like Singapore in the Singapore International Air Transport Association travel pass.”

Walsh said: “The ongoing trials make it possible for us to make the International Air Transport Association travel pass a key tool to restart the industry by providing the government with a verified travel health certificate. Travelers can fully trust their personal data Safe and under one’s control,”.

Elsewhere, Korean Air’s shares were flat, while Japanese airlines lagging behind the entire region. Japan Airlines fell 2.44%, while All Nippon Airways Holdings fell 2.19%.

Local media reported that quasi-emergency Covid-19 measures have been implemented in several prefectures in Japan since Monday, with the aim of preventing another outbreak of infection.

The air travel industry has been one of the industries hardest hit by the coronavirus pandemic, as global authorities have tightened border restrictions to curb the spread of the virus.


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