The Asian airline industry has experienced tremendous growth in the past few years in tandem with strong economic growth. Rising middle class with higher disposable income and eager to explore air travel has been the major driver of growth.Countries such as Indonesia, China, India, etc. with large populations have invested heavily in airport and related infrastructure upgrades in recent years.
Catering to the demand of the growing air travellers, many small discount airlines have propped up driving down the cost of air fares.These airlines are also competing fiercely with the traditionally dominant state or national carriers.In 2011, Asia Pacific Carriers accounted for 27% of global passenger traffic and 41%% of global passenger traffic according to Association of Asia Pacific Airlines.
Most of the airlines in the developed world are money-losing operations and their stocks should be avoided like the plague.However this is not the case with airlines in emerging countries.Many of them offer not only offer excellent service but are also profitable.
The following are nine of the Asian airline stocks traded on the US markets:
1.Company: Air China Ltd (AIRYY)
Current Dividend Yield: 2.92%
Country: China
2.Company: China Eastern Airlines Corp Ltd (CEA)
Current Dividend Yield: N/A
Country: China
3.Company: China Southern Airlines Co(ZNH)
Current Dividend Yield: 15.12%
Country: China
4.Company: All Nippon Airways Co Ltd (ALNPY)
Current Dividend Yield: 2.35%
Country: Japan
5.Company: Garuda Indonesia TBK PT (PSEOY)
Current Dividend Yield: N/A
Country: Indonesia
6.Company: Singapore Airlines Ltd (SINGY)
Current Dividend Yield: 1.87%
Country:Singapore
7.Company: Thai Airways International Ltd (TAWNY)
Current Dividend Yield: N/A
Country: Thailand
8.Company: Cathay Pacific Airways Ltd (CPCAY)
Current Dividend Yield: 4.33%
Country: Hong Kong
9.Company: Virgin Australia Holdings Ltd (VBHLY)
Current Dividend Yield: N/A
Country: Australia
Disclosure: No Positions
