Pakistan’s aviation industry has suffered in recent years due, in large part, to the poor performance of national carrier, Pakistan International Airlines, which continues to be supported by the Pakistani Government. The nation’s aviation industry is confronted by continuing uncertainty with regard...
Air New Zealand, like most network carriers, has been seriously hit by the global financial crisis, which has had a major impact on the carrier’s yields and profitability. Further contributing to the pressures is the increased presence of LCCs in the carrier’s key domestic and trans-Tasman markets...
While airlines suffered USD10.4 billion in estimated losses last year according to IATA, aircraft leasing companies continue to report strong 2009 profits. The latest is BOC Aviation, formerly Singapore Aircraft Leasing Enterprise, which finished 2009 with a USD137 million net profit, an increase of...
Shares in Japan Airport Terminal, operator of terminal facilities at Tokyo Haneda Airport, dipped 1.3% yesterday, as Narita International Airport Corp (NIAC) announced its midterm management plan.
Malaysia Airlines CEO, Tengku Azmil Aziz, stated the carrier expects to post an operating profit in the range of USD30 million to USD90 million for FY2010, marking a turnaround from operating losses in 2009. The carrier is also considering debt financing in 2010 to fund aircraft orders, but added that...
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...
Jazeera Airways (+2.0%) was one of the day’s biggest gainers on Thursday (25-Mar-2010) after Board Director, Marwan Boodai, reportedly announced during trading that the carrier will release its “biggest ever sale” to launch its Summer seasonal destinations in 2010, namely Antalya, Hurghada, Larnaca...
North and South American airline stocks were mixed on Thursday (25-Mar-2010), with investors showing some signs of disappointment with the results of the second stage of US-EU open skies negotiations, despite strong endorsement by sections of the industry. A flat wider market also affected airline stocks...
MAp Group (formerly Macquarie Airports), Australian Infrastructure Fund (AIX) and New Zealand's Auckland Airport have all recently released financial highlights for the year or six months ending 31-Dec-2009. Collectively, they offer a snapshot of the trading environment in Asia Pacific, Europe and Latin...
European carriers’ shares soared with wider markets on Thursday (25-Mar-2010), as Germany and France reached an agreement on plans to provide support to Greece through eurozone countries and the International Monetary Fund. In key markets, UK’s FTSE (+0.9%), France’s CAC (+1.3%) and Germany’...
LAN Airlines has brought forward deliveries of the first ten of the 26 B787s it has on order forward from 2014 to 1Q2011.
India’s financial year 2009/10 is drawing to a close - and not a minute too soon for many of the country’s beleaguered airlines. In the shadows of a new year, which brings some hope of an improving earnings environment for the sector, the Indian Ministry of Finance (MoF) has announced the Union...
Shares in German engineering and construction giant (and airport investor) Hochtief led the way up yesterday, jumping 4.8% upon the release of the company’s financial report for the 12 months ended 31-Dec-2009 Chairman of the Hochtief Executive Board informed the company “attained or exceeded”...
European airline shares rose yesterday, led by LCCs Vueling (+5.5%), Ryanair (+4.6%) and Air Berlin (+4.4%), as France and Germany agreed to a draft document on a financial aid package for Greece involving eurozone countries and the International Monetary Fund.
All Nippon Airways (ANA) led Asian airline stocks lower yesterday, falling 3%, yesterday as President, Shinichiro Ito, called for the disclosure of information on how Japan Airlines (JAL) will use the public funds it has received as part of its bankruptcy filing and restructuring efforts.
The US Department of Transportation and US airlines are hailing the open skies agreement reached by the US and European Union to expand Open Skies between the two regions. But the International Air Transport Association (IATA) said it once again sidestepped one of the biggest issues facing airlines...
Asia Pacific full service airlines have seen a pick-up in passenger travel and air cargo demand in the early stages of 2010, according to the Association of Asia Pacific Airlines (AAPA). The industry body added that the double-digit year-on-year increases in international passenger and freight traffic...
IATA’s Managing Director and CEO, Giovanni Bisignani, believes oil and excess-capacity are two of the most pressing challenges for the airline industry in 2010. Airlines are due to take delivery of approximately 1,400 new aircraft this year (almost 1,000 from Airbus and Boeing alone) and will have...
Jazeera Airways' (-1.0%) shares declined on Friday (26-Mar-2010) after the carrier reported a net loss of USD28.5 million for the 12 months ended 31-Dec-2009, compared to a net profit of USD15.6 million in the previous corresponding period. The carrier also reported revenue for the period of USD159....
North and South American carriers stocks were mixed on Friday (26-Mar-2010), as was the wider market, as investors remain concerned over valuations and sovereign debt issues in Greece, Portugal and Spain. The Dow (+0.1%) eked out a gain, while the AMEX Airline Index (+0.7%) was slightly stronger, helped...
European authorities and Air Navigation Service Providers (ANSPs) are continuing to progress towards achieving the goal of an integrated European aviation system, and the formation Single European Sky (SES). The latest forward step is between Germany and Holland. The two countries are integrating the...
Shares in Switzerland’s Dufry closed 0.4% higher on the SIX Swiss Stock Exchange on Friday, upon the release of the operator’s financial report for the 12 months ended 31-Dec-2009. During the period, revenue jumped 13% year-on-year to EUR1,652 million, while costs of sales rose 9.1% to EUR728.7...
Boeing successfully conducted a critical test for the B787 certification programme on the weekend, with the aircraft’s wing pushed to 150% of ultimate load expected in service for approximately three seconds. Boeing stated several weeks of analysis and review are required to confirm the test was a...
El Al’s share price fell 4.1% ahead of the release of its 2009 earnings on Sunday. The airline’s net loss for 2009 widened to USD76.3 million from a loss of USD41.9 million in 2008, as revenues slumped 21% to USD1.7 billion. Operating costs fell 19% to USD1.4 billion, while gross profits fell 33...
Shares in Ryanair and easyJet rose 3.2% and 1.9% on Friday, continuing their strong stock market performances in recent days as rival full service rivals, including British Airways, Lufthansa, Iberia and others suffer through strike action by various labour groups.
Beijing Capital International Airport’s passenger numbers exceeded 65 million in the 12 months ended 31-Dec-2009, making it by far the largest airport in China, and the third largest airport in the world, according to ACI. Beijing is on track to overtake London Heathrow this year and could overtake...
Qantas’ domestic mainline has regained its leadership as the largest Australian domestic operation from Virgin Blue with a 5% jump in passengers last month to 1.264 million. Virgin Blue handled 1.260 million passengers last month, up 1.6% year-on-year.
Air Arabia (-0.9%) slipped on Monday (29-Mar-2010) after HC Research cut its rating on the LCCs shares from ‘Buy’ to ‘Hold’, citing rising yield pressures, due to excess capacity and competition. The analysts also cut Air Arabia’s price target by 12%, to AED1.11.
The majority of North and South American carriers’ stocks were up on Monday (29-Mar-2010), moving with the wider market, with the Dow (+0.4%) pushed higher by energy and mining stocks. The airline gains came despite a 2.3% rebound in oil prices, to USD82.17.
It’s official, last year was a very difficult one for US carriers. Given the impact of the recession, it was to no one’s surprise that the number of domestic and international passengers handled by scheduled airlines last year declined 5.3% from 2008, dropping to 769.6 million, according to the...