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
|Air France- KLM||96.55||-3.45%|
|Norwegian Air Shuttle||101.90||1.90%|