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Shares in Shanghai-based China Eastern and Guangzhou-based China Southern both gained 3% overnight in trading in New York.
FORBES: H7N9 Bird Flu Cases Reach 24, Deaths At 7 In China; Chicken's Off Menus
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Shares in Shanghai-based carrier China Eastern plunged 8.3% in Hong Kong on Friday.
FORBES: H7N9 Bird Flu Cases Reach 21 In China; Death Total Unchanged At Six
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There have been 14 confirmed infections so far in eastern China, including in Shanghai and Zhejiang province.
BBC: China culls poultry as bird flu death toll reaches six
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In Shanghai, China Eastern Airlines fell 3.3%, Air China lost 3.2% and China Southern Airlines dropped 4.5%.
WSJ: Latest Euro Hope Helps Asia Markets
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Based in Shanghai, China Eastern Airlines (CEA, 36) is China's third-largest airline.
FORBES: Good News
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The virus, which was found about a week ago in Shanghai, has now infected 28 people, all of them in eastern China.
FORBES: Bird Flu Claims More Lives In Shanghai
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The human cases of H7N9 have all occurred in eastern China, in Shanghai and its neighbouring provinces of Anhui and Zhejiang.
BBC: China steps up bird flu precautions
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So far the virus has appeared only in parts of eastern China surrounding Shanghai, where the first human infection was publicly identified Sunday.
WSJ: China Kills Market Birds as Avian Flu Deaths Rise
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Hong Kong health officials said a patient who is being treated there arrived from Mexico on a China Eastern Airlines flight that stopped in Shanghai.
CNN: Confirmed number of global swine flu cases: 367 and counting
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But China is likely to be cautious in granting Cathay additional flights given opposition from home carriers including Shanghai-based China Eastern Airlines as the fragmented Chinese airline industry consolidates.
CNN: Cathay Pacific returns to China
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Qoros made its debut at the Geneva International Motor Show, and the Chinese-Israeli joint venture plans later this year to release in China and Eastern Europe the first of seven vehicles built at a factory near Shanghai.
WSJ: What's News