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.

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Airline , stocks , Genting , AirAsia , Singapore Airlines , Qantas ,

   

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