Airline stocks take off

Hospitality company Genting Bhd also saw it shares rise as it was a beneficiary of the travel and tourism sector which has been battered for months because of lockdowns and border controls. Genting closed 20% higher at RM3.60 a share in yesterday’s trading. AirAsia Group Bhd was the seventh most active stock yesterday, rising 27% to close at 68 sen while sister airline AirAsia X Bhd was the second most active, gaining 62% to close at six sen.

PETALING JAYA: Shares of airlines across the globe headed skywards on hope that a potential Covid-19 vaccine developed by Pfizer Inc and its German partner BioNTech could revive economies and demand for air travel.

Hospitality company Genting Bhd also saw it shares rise as it was a beneficiary of the travel and tourism sector which has been battered for months because of lockdowns and border controls.