The Indian government gave its ailing airline industry a hand on February 7, offering a plan for the carriers to cut costs on aviation fuel. Stocks of Kingfisher Airlines, Spice Jet and Jet Airways rallied, but the savings may not be enough to end their woes.
The outlook for the Taiwan airline sector – China Airlines and Eva Airways – is rather mixed, leading Pacific Rim brokers say. This may carry over to their peers throughout Asia.
On a pure market cap basis, the world’s biggest airlines are all based in Asia and Latin America. However, the names on the top of the list may still be surprising to some traders.