|Day's Range||9.13 - 9.35|
|52 Week Range||6.71 - 9.79|
|PE Ratio (TTM)||N/A|
|Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
The woes of Cathay Pacific and Singapore Airlines, which both recently posted losses, underline how hard it is to make money out of flights from Asia right now.
MONTREAL/OTTAWA, May 16 (Reuters) - The Canadian government unveiled new rules that could help carriers form joint ventures and attract foreign investment, while bolstering passenger rights on Tuesday, lifting shares of airline stocks. Transport Minister Marc Garneau said he would consider approving joint ventures that allow two or more carriers to coordinate items like scheduling and pricing on certain routes, and confirmed plans announced last November to relax international ownership restrictions on Canadian air carriers, lifting investment limits to 49 percent from 25 percent.
China’s plan to extend trade routes has all sorts of businesses adopting its slogan, ‘One Belt, One Road’; a singing turtle.