The majority of listed African carriers’ shares were up on Monday (08-Feb-2010), as Middle East carriers, expect for Air Arabia (+1.1%) saw shares drop or remain stable.
North and South American carriers’ stocks were mixed on Monday (08-Feb-2010), as the wider market dropped. The Dow (-1.0%) fell as investors remained concerned over sovereign debt issues in Europe, possible global rate hikes and the US Government’s proposal to implement regulations restricting banks...
It has always been difficult getting information out of Republic Airways Holdings, Inc. Ask any analyst covering the company how difficult it is. That may simply be its strategy on how to handle inquiring minds. But this is a public company, one that has attracted much interest in the last few years...
Boeing’s new B747-8F took flight for the first time yesterday (08-Feb-2010), another milestone for the US manufacturer. Boeing’s other new aircraft, the B787, took to the skies in Dec-2009, and has so far completed more than 30 flights between two B787 test aircraft.
European markets recovered on Monday (08-Feb-2010), ending their three day slump, pushed higher by defensive stocks and commodities.
Virgin Blue (shares up 2.7%) was upgraded by Goldman Sachs JB and RBS, following the carrier’s earnings revision last week.
Shares in China’s Shenzhen Airport were up 0.6% yesterday. Passenger traffic at the airport rose 5.1% year-on-year in Jan-2010 to 2.2 million, while aircraft movements increased by 6.1% year-on-year in Jan-2010 to 18,200.
During negotiations for the enforced sale of London’s Gatwick Airport during 2009, the resident airlines there, and especially those with extensive operations like easyJet, let it be known that what they really wanted next was a ‘real’ airport operator that had the interests of airlines and passengers...
Asiana Airlines’ shares slumped 5.7% yesterday, on fresh concerns regarding the outlook for its parent, Kumho Asiana Group, after the Group’s owners rejected a demand by creditors that they offer their stockholdings and assets as collateral for fresh loans by a 07-Feb-2010 deadline.
Australian domestic Business Class fares reached their highest levels in 11 months in Feb-2010, according to the Bureau of Infrastructure, Transport & Regional Economics fare survey. The index of real Business Class fares (July 2003 = 100) rose to 104.0 in Feb-2010 to the highest level since Mar-2009...
Airlines are becoming more optimistic about the outlook for yields, with a recent IATA survey of airline executives noting over three-quarters of respondents indicated that yields should increase over the coming year. IATA stated that further demand recovery, combined with capacity restraint, could “...
1time Holdings (+0.0%) reportedly referred its complaint of unfair competition against Kulula and Lanseria Airport regarding Kulula’s exclusive use of the airport to the Competition Tribunal of South Africa.
All North and South American carriers' stocks were pushed higher on Monday (09-Feb-2010) following better than expected Jan-2010 traffic results from United Airlines (+17.5%) released the day prior, which led investors to believe carriers are starting to recover from the global financial downturn. The...
European carriers’ stocks were mixed on Tuesday (09-Feb-2010), with some carriers pushed down by the release of weak earnings and traffic reports.
Now that the dust has settled on the UNFCCC COP 15 meeting in Copenhagen, it is worth stepping back from the fray to take a strategic look at the implications for aviation, writes Chris Lyle.
After posting solid net income for both the fourth quarter and year-end 2009, Air Canada Jazz announced a letter of intent with Bombardier Commercial Aircraft covering the purchase of 15 Q400 NextGen aircraft and options for another 15.
Southwest, the star performer in improving its unit revenues in recent months, continued to trump JetBlue, US Airways and Continental Airlines in the yield growth stakes in Jan-2010, with double-digit PRASM growth.
If Delta and US Airways are forced to give up 34 slots to gain government approval of its LaGuardia/Washington National slot deal, the two airlines said they would drop the whole idea. The news was in response to a tentative decision by the Federal Aviation Administration and the US Department of Transportation...
Major aircraft equipment manufacturers and suppliers rose with stronger equity market conditions in Europe and the US yesterday. Boeing gained 3.2%, after the successful test flight of its B747-8F on Monday, while Embraer was up 3%.
Ryanair announced plans to open its 40th (and first Central European) base at Kaunas (Lithuania) in May-2010 with two based aircraft and 18 routes (9 of which will be new).
Shares in OMA - Grupo Aeroportuario del Centro Norte, operator of 13 international airports in North and Central Mexico, gained 1.1% yesterday, upon the release of the group’s traffic report for Jan-2010.
Asiana Airlines’ shares soared 13.6%, reversing recent weakness, on reports that Kumho Asiana Group, parent of Asiana Airlines and Air Busan, is expected to receive USD326 million (KRW380 billion) in fresh loans from creditors for two of its subsidiaries, Kumho Industrial Co and Kumho Tire Co, under...
For some months now, the aviation community has been watching the situation at Japan Airlines unfold. Paramount in this drama has been the question of alliance affiliation and the various benefits of staying put with oneworld or moving to SkyTeam. At a time when money is scarce, members in both camps...
Jazeera Airways' shares were flat again on Wednesday (10-Feb-2010) after the airline announced it has merged its three existing Economy fare classes, which the airline claims makes fare classes much easier to understand, as well as offering much better value. Fares displayed online will now be Jazeera...
The majority of North and South American carriers were down on Wednesday (10-Feb-2010) as terrible weather conditions on the US east coast played havoc with airline operations. However, Stifel Nicolaus analyst, Hunter Keay, told MarketWatch the increased number of flight cancellations is expected to...
European markets rose again on Wednesday (10-Feb-2010), taking airline shares with them, as German politicians, euro-zone finance ministers and French President, Nicolas Sarkozy, met to discuss possible assistance for Greece amid mounting concerns over its debt levels.
AirAsia has at last broken into the high potential Vietnam aviation market, revealing the acquisition of a 30% stake in a local airline. This is the carrier's fourth ASEAN venture (after Malaysia, Thailand and Indonesia) and setting it on course to tackle its next ASEAN ambition; a venture in The Philippines...
After more than a year of serious brinkmanship to avoid bankruptcy, Air Canada reported a substantial narrowing of its operating loss in 4Q2009 to CAD83 million compared to CAD146 million in the year-ago period, an improvement of CAD63 million.
Shares in Ferrovial, parent company of BAA, gained 2.0% yesterday. BAA remarked that there are “encouraging signs of growth”, although the “market remains a difficult one”.
2009 was a hard year for aviation MRO providers and parts suppliers, with airlines, original equipment manufacturers and other sector companies employing strict cash-conservation measures. Airlines cut back significantly on operations, cutting flying and grounding/storing aircraft, as well as reigning...
