Oil prices have been on a wild ride for over 18 months with the share prices of most Asia-Pacific airlines – including Spring Airlines Co Ltd (SHA: 601021), China Eastern Airlines (HKG: 0670), China Southern Airlines (HKG: 1055), Cathay Pacific (HKG: 0293), Singapore Airlines (SGX: C6L) and Japan Airlines (TYO: 9201) – still in the red and investors remaining cautious. Generally, the reason is because of the metric system called “PRASM,” - passenger revenue divided by available seat miles – which has been moving in the wrong direction, much to the chagrin of financiers. The impact of terrorism and economic growth on airline travel is also affecting the share price movements of the airlines in the region. #MergentInc #industryreports #aviation
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