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Taiwan's airline industry cut to 'underweight' at Macquarie

posted Jul 6, 2010, 11:05 PM by Rowan Hewitt   [ updated Jul 6, 2010, 11:07 PM ]

Taiwan's airline industry cut to 'underweight' at Macquarie

TAIPEI, Taiwan -- Taiwan's airline industry was downgraded to “underweight” from “overweight” at Macquarie Group Ltd. which cited a risk of slower cargo demand growth and a possible decline in fares on cross-strait flights next year.



China Airlines Ltd. and EVA Airways Corp. were both cut to “underperform” from “outperform,” with China Airlines' 12- month price estimate lowered to NT$15 from NT$17 and EVA's reduced to NT$17 from NT$19.50, Taipei-based analysts Corinne Jian and James Lin wrote in a report yesterday.
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