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Asia Airline Stocks Have Best Day in Months After American Airlines Boost

Asia Airline Stocks Have Best Day in Months After American Airlines Boost

Asia Airline Stocks Have Best Day in Months After American Airlines Boost

(Bloomberg) -- Airline stocks in the Asia Pacific region finished the week on a high note, buoyed by countries making progress on reopening flight routes and American Airlines Inc.’s plan to sharply increase flights next month. China Southern Airlines Ltd. led gains on a Bloomberg gauge of Asia Pacific carriers, jumping nearly 11% in Hong Kong, its biggest advance since November 2018. American Airlines rose by a record 41% in New York on Thursday, and China said it plans to relax a ban on foreign carriers flying to the country.

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