The majority of Middle East and African shares ended trading either down or flat on Tuesday (23-Feb-2010). Lonrho subsidiary, Fly540, announced plans during trading to launch sales campaigns to increase British passenger demand to Kenya.
North and South American shares declined with the wider market on Tuesday (-3.6%), with the Dow (-1.0%) sliding after The Conference Board's Consumer Confidence Index declined sharply in Feb-2010 to 46.0, down from 56.5 in Jan-2010.
European carriers mostly witnessed a decline in shares on Tuesday (23-Feb-2020), moving lower with the wider market which fell after the US Conference Board Consumer Confidence Index declined sharply in Feb-2010 to 46.0, down from 56.5 in Jan-2010.
Pittsburgh is an outstanding example of the boom and bust US hub saga. Serving a metro area that now ranks amongst the top 25 in the US, population-wise, its football team, the Steelers, give a big hint as to its claim to fame—steel. Like many US cities that had their roots in heavy manufacturing,...
Even as pilots are continuing to grumble about mainline jobs going to regional airlines, so too are American Eagle pilots, now that Chautauqua has joined the American Airline stable at Chicago from its former TWA deployment over St Louis. American Eagle, one of the highest cost, and least profitable...
With Air Canada and others chomping at the bit to gain access to the Toronto City Center Airport, three-year old Porter Airlines pressed its advantage at the site by showing off the initial phase of the new CAD50 million, 150,000 sqft terminal set to open next month. Porter Airlines’ new home at Billy...
Citing a one-time tax benefit, ExpressJet reported a USD30.2 million fourth quarter net profit or USD1.79 per share. However, the airline, while saying it is happy to be able to report a profit, indicated it has a long way to go to achieve profitability from operations. Indeed, it indicated that it...
Shares in Spain’s Ferrovial, owner of BAA, dipped 2.2% yesterday upon the release of the company’s financial report for the 12 months ended 31-Dec-2009. EBITDA of EUR2,540 million for the year was flat (-0.2%), on an 8% reduction in revenue to EUR12,095 million. Ferrovial reported a net loss for...
Spanish LCC Vueling reported a EUR27.7 million profit in 2009 (+225% year-on-year), for a net profit margin of 4.6%, (+2.7 ppts), as revenues increased 36% (to EUR602 million), reflecting the integration of Vueling and clickair on 01-Jul-2009. Vueling’s shares were down 5.7% yesterday, with investors...
Boeing’s B747-8 took to the skies for the second time yesterday, with three more aircraft to join the test programme shortly. However, the ordering outlook for very large aircraft is expected to be slow over the next couple of years.
Air New Zealand’s yields remained depressed in Jan-2010 despite strong capacity reductions, reversing the yield improvements witnessed in Dec-2009. Group yields fell 10.4% last month year-on-year, or by 6.6% removing the impact of foreign exchange. This compares to year-to-date (seven months to Jan...
Shares in Malaysia Airlines soared 12.1% yesterday, after analysts upgraded the carrier on increased optimism of the carrier’s outlook, following the carrier’s return to black in 4Q2009.
Kingfisher Airlines has trumped rivals Jet Airways and Air India with confirmation it intends to join the oneworld alliance in the second half of 2011, subject to government approvals. Given the mess surrounding Air India’s integration with Indian Airlines, Kingfisher could beat its state-owned rival...
Macau, one of Asia’s potential high growth aviation markets, is in need of a shake-up, having struggled since 2007 under a strategic, political and operational stalemate. North Asian aviation’s year of radical transformation in 2010 could provide a trigger for a renewal of Macau’s prospects, but...
The majority of African and Middle Eastern carriers’ shares were flat on Thursday (24-Feb-2010).
European airline shares were mixed on Wednesday (24-Feb-2010), as strikes across the continent continued to have a negative effect on some carrier’s shares. In the wider European markets, shares gained, pushed higher by the banking sector, after US Federal Reserve Chairman, Ben Bernanke, stated US...
North and South American carriers’ stocks were mixed on Wednesday (24-Feb-2010), with the AMEX Airline Index (+0.2%) ending trading up slightly, as oil prices (+1.5%) gained, to USD80.00.
Thanks to an 87% increase in fourth quarter operating revenues, Republic Airways Holdings posted USD20.1 million in net income in the quarter, slightly higher than the year-ago period when net income was USD19 million. The company doubled operating revenues from USD339.3 million to USD637.3 million,...
Aircraft movements at Hong Kong International Airport (HKIA) are still on the decline, with the airport handling nearly 22,000 fewer movements in 2009 than in 2008. However, there is concern that, as the economic recovery takes hold, airport congestion at peak times could lead to increasing levels of...
The silly season is under way, as pilots (at Lufthansa), flight attendants and pilots (at British Airways), and air traffic controllers (France and Spain) all signal a willingness to hold the blowtorch at the feet of management. As spring fever strikes early, surface transport and other sectors also...
Australia’s MAp Group has released its financial highlights for the 12 months ended 31-Dec-2009. While operating costs reduced 29.3% year-on-year, revenue slumped 75.8% year-on-year to USD1,083 million, due to the "de-consolidation" of Brussels and Copenhagen airports and lack of re-valuation gains...
Brazilian airline GOL Linhas Aereas Inteligentes SA (GOL) forecast that yields (a key profitability measure) will remain stable in 2010 and demand will rise rapidly.
Just as airline CEOs indicated during the fourth quarter analyst calls, the industry may finally be seeing the turnaround, reflected by new statistics from the Air Transport Association (ATA). Reversing a 14-month trend, US airlines saw January passenger revenue rise 1.4% in January compared to Jan-...
Shares in Qantas, Virgin Blue and Air New Zealand fell back yesterday, in line with softer equity markets around the region.
Amsterdam-based integrated global aviation company, AerCap Holdings revealed 4Q2009 net income of USD43.2 million, reversing a net loss of USD19.0 million for the same period in 2008. Investors liked the result, sending AerCap’s shares soaring yesterday.
Despite strong growth in several markets, Latin America’s aviation scene is in flux—perhaps more so than any other geographic region on the globe. Political and economic instability have been rampant across the region and continue to be a part of the 21st century landscape. The latest difficulties...
1time Holdings (+9.0%) shares surged on Thursday (25-Feb-2010), shrugging off another slip in the South African All-Share Index (-0.8%). The South African Rand (ZAR) fell to its lowest level since Nov-2009, as investors sold high risk stocks on weak US data released during trading, including an increase...
US stocks fell on Thursday (25-Feb-2010) pushing North and South American carriers’ stocks down. The Dow (-0.5%) ended trading lower on news durable goods sales unexpectedly fell in Jan-2010, while jobless claims were up, suggesting the economic recovery is not as strong as some had hoped.
European airline shares fell again on Thursday (25-Feb-2010), as the wider market retreated over renewed concerns about Greece’s ability to manage its debt issues and disappointing economic data in the US. Energy shares also pushed wider markets lower, with a 2.3% drop in oil prices, to USD78.17.
After releasing its fourth quarter and full year results late Wednesday night, Republic Airways Holdings executives held court on Thursday morning as anxious analysts tried to gain more clarity on how the company is evolving now that it has branded operations. The company attracted still more attention...
