AirAsia shares hit all-time record, Virgin Blue shares recover

Shares in AirAsia rose 6.3% on Thursday, hitting an all-time high of MYR3.04 after two days of relatively heavy trading. AirAsia shares have been trading generally upwards since May-2010, more than doubling in value. The shares have eased down 1.6% in trading to 1pm Sydney time today.