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September 25, 2007

A Tale of Two Airlines - China Eastern and China Southern

posted by MR WAVETHEORY at 9/25/2007 03:16:00 PM
Strangely enough China Eastern Airlines (NYSE CEA) and China Southern Airlines (NYSE ZNH) traded in oppose directions today.

China Eastern lose $10 and closed under $100 for the first time in a week while China Southern tacked on $4 to close at $84.

I am thinking this has to do with potential strategic investor interest in China Southern because Air China and Cathay Pacific got spurned by China Eastern. The Chinese government refused to let Air China and Cathay Pacific increase their stake in CEA, so maybe China Southern Airlines will get a strategic investment. Of course, this is just an educated speculative guess.

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