Airline stocks in Asia-Pacific boosted by Australia-New Zealand travel bubble, rising optimism

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A number of developments, including an air travel bubble between Australia and New Zealand, buoyed airline stocks in Asia-Pacific.

"Having the confidence of an aviation leader like Singapore in IATA Travel Pass is hugely significant," Willie Walsh, director general at IATA, said in a statement.

"Ongoing trials put us on track for IATA Travel Pass to be a critical tool for the industry's restart by delivering verified travel health credentials to governments. And travellers can have complete confidence that their personal data is secure and under their own control," Walsh said. Elsewhere, shares of Korean Air Lines were flat, while Japan's airlines stocks lagged the broader region.

 

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