Weekly Airline Stock Update - BAASA Index Shows a Mixed Bag
Last week, Bangalore Aviation introduced the BAASA Index, the world's first index of 30 airline stocks measured from a 3,000 point base...
https://basevida.blogspot.com/2012/06/weekly-airline-stock-update-baasa-index.html
Last week, Bangalore Aviation introduced the BAASA Index, the world's first index of 30 airline stocks measured from a 3,000 point base value and designed to provide a broad based measure of airline financial performance and investor confidence in the airline industry.
Over the past week, the BAASA index fell 0.49% to close at 2985.80 points. Performance was mixed across the board by region, though Asia-Pacific outperformed the pack (excluding Qantas).
The weakest performers were Qantas, who suffered a precipitous 30% decline in shares, primarily on recent worries over Qantas reporting a 90% drop in profits for the past fiscal year, and airberlin, which fell 15.56%
On the plus side, Jet Airways, jetBlue, and Air Canada each rose more than 7% over the week, with Air Canada leading the pack with an 8.14% rise.
Here is the full table of values for this week. The initial prices (normalized to 100) can be found here.All values are as
Over the past week, the BAASA index fell 0.49% to close at 2985.80 points. Performance was mixed across the board by region, though Asia-Pacific outperformed the pack (excluding Qantas).
The weakest performers were Qantas, who suffered a precipitous 30% decline in shares, primarily on recent worries over Qantas reporting a 90% drop in profits for the past fiscal year, and airberlin, which fell 15.56%
On the plus side, Jet Airways, jetBlue, and Air Canada each rose more than 7% over the week, with Air Canada leading the pack with an 8.14% rise.
Here is the full table of values for this week. The initial prices (normalized to 100) can be found here.All values are as
| Asia-Pacific | Value | % Change |
| Jet Airways | 107.04 | 7.04% |
| Singapore Airlines | 100.50 | 0.50% |
| China Southern | 104.74 | 4.74% |
| ANA | 104.33 | 4.33% |
| Korean Air | 102.21 | 2.21% |
| AirAsia | 103.39 | 3.39% |
| Qantas | 70.00 | -30.00% |
| Cathay Pacific | 101.34 | 1.34% |
| Air China | 102.96 | 2.96% |
| North America | ||
| United | 97.24 | -2.76% |
| Delta | 90.41 | -9.59% |
| Southwest | 101.14 | 1.14% |
| US Airways | 91.71 | -8.29% |
| jetBlue | 107.16 | 7.16% |
| WestJet | 102.52 | 2.52% |
| Air Canada | 108.14 | 8.14% |
| Allegiant | 98.89 | -1.11% |
| Europe | ||
| IAG(British Airways/Iberia) | 105.91 | 5.91% |
| Lufthansa Group | 100.66 | 0.66% |
| Air France- KLM | 96.55 | -3.45% |
| Ryanair | 101.21 | 1.21% |
| EasyJet | 99.76 | -0.24% |
| Turkish Airlines | 105.08 | 5.08% |
| AirBerlin | 84.44 | -15.56% |
| Norwegian Air Shuttle | 101.90 | 1.90% |
| Middle East | ||
| Air Arabia | 98.63 | -1.37% |
| Africa | ||
| Kenya Airways | 98.33 | -1.67% |
| Latin America | ||
| Copa Airlines | 95.72 | -4.28% |
| LAN Airlines | 104.51 | 4.51% |
| Aeromexico | 99.31 | -0.69% |
| Total | 2985.30 | - 0.49% |
