HomeBusinessThe World's Top Airline Stocks are in Asia Despite China's Blockades

The World’s Top Airline Stocks are in Asia Despite China’s Blockades

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The World's Top Airline Stocks are in Asia Despite China's Blockades
The World’s Top Airline Stocks are in Asia Despite China’s Blockades

Asian airline stocks are by far the best performing among their global peers this year. These airlines are racking up gains as most of the region reopens for travel. China even sticks to its Covid-Zero strategy, imposing lockdowns and limiting travel.

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Taiwan’s Eva Airways Corp., Japan Airlines Co., and ANA Holdings Inc. are up more than 10% this year, while Australia’s Singapore Airlines Ltd. and Qantas Airways Ltd. have also advanced. The 29-member Bloomberg World Airlines Index is down 15%, with low-cost carrier EasyJet Plc at the bottom of the stack, down 34%.

The World's Top Airline Stocks are in Asia Despite China's Blockades
The World’s Top Airline Stocks are in Asia Despite China’s Blockades (Source: Bloomberg)

“Asia is only at the forefront of its own ‘revenge trip’ period”. It is a trend that has already developed in the United States and Europe, Bloomberg Intelligence analyst Tim Bacchus said. The continent “has been the global laggard reopening.”

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