Shares in a number of Asian airlines hit their highest prices in a year recently and many analysts believe that this could be a sign that the industry is finally pulling itself out of recession. Strengthening economies and a predicted leveling off of the economic financial downturn at the beginning of 2010 along with a predicted pick up in customer demand could well see dramatic improvements in the industry.

Over the last two months shares in airlines such as Qantas, Singapore Airlines, Cathay Pacific and Air New Zealand have hit their highest levels in over a year. Analysts at Morgan Stanley say that airlines like Cathay Pacific and Singapore Airlines are predicted to see a rise in profits over the next twelve months because of a better economic situation and because of a predicted return of the business traveler.

Analysts say that Australian airlines such as Qantas may soon be able to push ticket prices up because a strong Australian dollar is boosting the demand for overseas travel whilst keeping the cost of aviation fuel down.

However some analysts are still recommending caution. Consumer strategist at Global Hunter Securities, Richard Hastings says that companies still need to concentrate on growing their sales in order to facilitate overall growth.