The majority of North and South American carriers’ shares were up on Monday (22-Mar-2010), rising with the wider market. The Dow (+0.4%) was up, after the US House of Representatives approved President Obama’s health care bill.
European carriers’ shares were down with wider markets on Monday (22-Mar-2010), which fell for a third consecutive session. In key markets, UK’s FTSE (-0.1%) was down, while Germany’s DAX (+0.1%) and France’s CAC (+0.1%) gained slightly.
JetBlue Airways stated it would keep its headquarters in New York City, with plans to combine the current Forest Hills and Darien corporate offices, with nearly 1,000 crewmembers and business partners in total, into one main support centre to be located in Long Island City. Subject to execution of a...
Delta and US Airways have been working on a new slot swap proposal, after the US Federal Aviation Administration tentatively approved their initial pact but called for 34 slot pairs to be made available to other carriers, a condition, the two airlines called unworkable. The Federal Aviation Administration...
If crude oil stays at or less than USD85 per barrel this year, current profit estimates are likely to be conservative, according to AirlineFinancials.com founder, Bob Herbst. In fact, Herbst said data indicated that the nine largest carriers in the US will post USD2.7 billion in profits on USD120 billion...
Every setback opens new opportunities. The early retirement of a substantial number of Japan Airlines’ (JAL) pilots this year under the airline’s restructuring plan could change the landscape of the air transport industry in Japan. Japanese cockpit crew have always been in short supply and many...
Shares in China’s Beijing Capital International Airport (BCIA) dipped 1.0% yesterday upon the release of the company’s financial and traffic reports for the 12 months ended 31-Dec-2010 and month of Feb-2010.
Over the past few years, Airbus and Boeing have delivered aircraft at a relentless pace, hardly pausing output despite their problems with various major aircraft programmes and the cumulative impact of the global financial crisis on commercial aviation.
The US Senate passed its version of the Federal Aviation Administration’s (FAA) Reauthorization legislation on 22-Mar-2010 – The Air Transportation Modernization and Safety Improvement Act – paving the way for, perhaps, faster deployment of NextGen programs. This is more progress on reauthorization...
Air New Zealand reported smaller yield reductions in Feb-2010, although international yields continued to be battered, down 15.4% in the month. (This was off growth of 21.4% in Feb-2009 - the peak of the cycle for Air NZ - thanks to exchange rates at the time). International yields are down 13.3% in...
Until late last century there was a near-assumption of US leadership in many areas, political, technical, commercial and, notably, in aviation. This status is now being revised, and rapidly. The fact is that the US no longer leads in so many areas, having either declined to lead on political rather...
Kuwait National Airways (-3.7%) declined after Wataniya Airways reported a widened loss of USD37.8 million in 2009, compared to a loss of USD5.4 million in 2008. Shareholders equity fell from USD219 million in 2008 to USD182.3 million in 2009.
North and South American carriers’ shares declined with falls in the wider market on Friday (19-Mar-2010), despite a large drop in oil prices (-1.9%), to USD80.68. The Dow (-0.4%) was down after investors decided to take a break after pushing the index to an 18-week high the day prior. The AMEX Airline...
The perennial issue of protectionism v. liberalism in air transport has again come under the spotlight in recent months. This month (Mar-2010) the Canadian government is locked in battle with Emirates and Etihad over market access, which the government believes would hinder Air Canada’s direct long...
Since the entry of LCCs into the Middle East market just over six years ago, with the launch of Air Arabia in 2003, LCCs regional market share has grown quite strongly, though even bigger gains are likely over the next two years. The market now consists of six Middle East LCCs – Air Arabia (Sharjah...
Air Arabia (+1.0%) was the only Middle Eastern airline stock to rise on Tuesday, following news during trading that the LCC reportedly plans to launch commercial operations from its third hub in Alexandria, Egypt the end of Apr-2010. The carrier has yet to announce which destinations the hub will serve...
A year ago, Standard and Poor’s Ratings Services (S&P) anticipated the market would decline in 2009 and that airports would show a diverse degree of resilience. This has proven to be the case. In the next year, improving passenger volumes will have a steadying effect on credit quality but, while mid...
North and South American carriers’ shares were up again on Tuesday (23-Mar-2010), as the Dow (+1.0%) reached a 17-month high. The US market rallied following better-than-expected housing sales for Feb-2010, which fell just 0.6%, compared to an expected 2% decline. The AMEX Airline Index (+0.5%) gained...
The majority of European carriers gained on Tuesday (23-Mar-2010), moving higher with wider markets. Shares were boosted by a rebound in resources stocks, as well as an upbeat outlook from Cairn Energy and improved financial results from Legal & General. In key markets, UK’s FTSE (+0.5%, to a 21-month...
Singapore plays an important role in the Asia Pacific aviation market – it has one of the busiest airports in the region, is one of the region’s key MRO hubs, has one of Asia’s leading network carriers in Singapore Airlines and represents a key market for the region’s three largest (and rapidly...
Airbus has launched a stinging attack at Boeing, as the WTO Panel on the EU/US trade dispute handed down its final decision on the case yesterday. While the actual report itself is still confidential (and will be for another few months), the final decision, much like the similarly confidential Sep-2009...
In Europe, shares Denmark's Copenhagen Airport led the way down yesterday, closing 3.5% lower, following the operator's Annual General Meeting on Monday (22-Mar-2010). At the AGM, shareholders approved plans to distribute a dividend of EUR47.6 million or EUR6.06 per share for FY2009. Shareholders also...
Shares in JG Summit Holdings surged more than 15% to a two-year high yesterday, as investors acquired shares ahead of the planned IPO of its airline arm, Cebu Pacific. The carrier plans to raise approximately USD260 million from an IPO this year, taking advantage of a rebound in demand.
Shares in All Nippon Airways (ANA) slumped 6.0% to JPY267 after Japan's second-largest airline more than doubled its annual loss estimate due to a slower-than-expected recovery in travel demand and reduced ticket prices. ANA now expects a group net loss of JPY65 billion (USD719 million) for the financial...
Southwest Airlines is objecting strenuously to the revised slot deal between Delta and US Airways, finely crafted to freeze out Southwest so the Dallas-based airline could not grow its service at the two airports. Southwest is objecting to the deal on the grounds that when slots become available they...
Technology has always been an integral part of aviation. This most global of industries which brings together so many stakeholders around the world, is dependent upon information, data and communication. But in recent years, technology's role has become far more pervasive. From playing a support and...
Air Arabia (-1.0%) was down despite confirming during trading that its Board of Directors approved the payment of a cash dividend of 10% of the company's share capital for 2009 at its third Annual General Meeting (AGM). Air Arabia, now into its sixth year, broke even in its first year of operations...
North and South American airline shares were mixed on Wednesday (24-Mar-2010), as the Dow slipped 0.5%, in response to a weak auction of US treasury notes. Investor concerns regarding a downgrade in Portugal’s sovereign debt by Fitch Ratings also affected the market. Oil prices dropped 1.6% to USD80...
European carriers were mainly down on Wednesday (24-Mar-2010) despite a fall in oil prices (-1.6%), to USD80.61. Wider markets were flat, with a Fitch downgrade of Portugal’s sovereign debt being outweighed by gains in the pharmaceutical sector.
easyJet has announced the appointment of Carolyn McCall, current CEO of Guardian Media Group (since 2006), as the LCC’s next CEO, continuing on a tradition of appointing CEOs from outside the company with no previous airline management experience.
