Air Berlin, which has continued to report impressive increases in RASK over the past two years (stemming from its effective capacity deployment plans and acquisitions that have reduced fare competition in some core markets), reported a 1.4% increase in revenue per ASK (RASK) in Mar-2010, to EUR 5.58...
Asian stocks neared 22-month highs on 07-Apr-2010, as the World Bank sharply raised its forecasts for economic growth in East Asia to 8.7% (up from a previous 7.8%), led by strong growth in China.
American Airlines wants to deal directly with corporate travel managers and is attempting to cut out the middleman by putting up pay wall for Global Distribution Systems (GDSs), Online Travel Agents (OTAs) and Travel Management Companies (TMCs) to access the content on AA.com. Predictably there is a...
Comair (-3.6%) fell on Thursday (08-Apr-2010) in response to plans to raise USD17.2 million through the issue of 69.2 million new shares to upgrade a portion of its fleet to B737-800 aircraft.
North and South American stocks climbed on Thursday (08-Apr-2010), boosted by reports of the potential merger between US Airways and United Airlines, with the AMEX Airline Index closing 3.4% higher as a result. The Dow (+0.3%) also moved slightly higher on the news, in addition to data showing a rise...
Boeing and Airbus delivered a combined 230 aircraft in the first three months of 2010, but orders are still lagging deliveries. The two manufacturers have taken a combined 160 orders so far in 2010.
Crude oil prices had another strong week, pushing the cost of oil to an 18-month high above USD87 per barrel early in the week, before softening slightly in trading over the past few days. The increasing price of oil over Mar-2010 has prompted IATA to push up its estimate for average 2010 oil prices...
The majority of European airline shares rose on positive news from the sector on Thursday (08-Apr-2010), including the merger of British Airways and Iberia, as well as positive traffic news from Norwegian Air Shuttle and easyJet.
Norwegian Air Shuttle’s shares gained 5.6% yesterday, outpacing its LCC peers in the European market, and peaking at a five-month high, as the carrier reported a 30% increase in passenger numbers, to 1.0 million in the month.
The transition of services from Air Jamaica to Caribbean Airlines Ltd (CAL) has encountered a glitch in that CAL lacks permission to serve the US and the rights apparently do not transfer once the CAL acquires Air Jamaica.
Thai Airways’ shares slumped 6.1% and Thailand’s benchmark SET Index fell 3.5% yesterday as Thai protestors announced plans to challenge a government-declared state of emergency, by mounting more demonstrations in Bangkok.
Thailand’s benchmark SET Index slumped 3.5% (its biggest one-day fall since mid-Oct-2009), with travel and tourism stocks among the worst affected.
Embraer delivered 21 commercial jets in 1Q2010 and continues to see its order backlog shrink, despite confirming a large order over the weekend. Over 1Q2010, the value of the company’s order book declined by USD600 million from the end of 2009 to USD16 billion.
Wall Street rose for the sixth consecutive week - its longest such stretch in nearly a year - with the Dow Jones Industrial Index briefly exceeding 11,000 for the first time since Sep-2008.
Shares in Airports of Thailand (AoT) gained 2.8% on Friday, upon the release of the operator’s traffic report for Mar-2010. Passenger traffic at Bangkok Airport rose 15.9% year-on-year to 4.0 million. Overall, passenger numbers at AoT’s six airports jumped 13.7% year-on-year to 5.4 million, as international...
Asian markets ended the week strongly on Friday, led by Hong Kong's Hang Seng Index (+1.6%), as positive retail sales in the US and strong earnings helped offset continuing concerns over Greece's debt levels.
Airline Forecasts’ Vaughn Cordle argues a merger between Continental and United Airlines, rather than US Airways and United, would bring twice the additional market value to the ultimate company and would make for the better merger, especially when coupled with the developing Atlantic and Pacific...
Delta has signaled it is committed to building its presence at Detroit in the wake of its merger with Northwest, with its first ever nonstop flight between the Midwest airport and Sao Paulo, Brazil. The new twice weekly service will commence on 04-Nov-2010 if granted authorisation from the US Department...
Jazeera Airways was flat at the end of trading on Friday (09-Apr-2010), due to a decline in major indicators and a majority of sectors on the Kuwait Stock Exchange. During trading, Jazeera’s Board of Directors approved plans to launch a rights issue to raise the carrier’s capital by 91%, to KWD42...
North and South American carriers’ shares were mixed on Friday (09-Apr-2010), following a surge on the day prior on news of a possible merger between United Airlines (+1.3%) and US Airways (-3.1%). However, a number of forecast losses for US carriers for 1Q2010 pushed shares back down to earth on...
European airlines shares followed wider markets higher on Friday (09-Apr-2010), with markets posting a sixth consecutive week of gains. The gains came after reports the euro zone deputy finance ministers and senior central bankers reached an agreement on possible emergency loans for Greece. A decline...
Royal Jordanian (-1.0%) was the only Middle East carrier to fall on Monday (12-Apr-2010), moving lower with the Amman Stock Exchange, which eased 0.4%.
North and South American carriers’ stocks soared on Monday (12-Apr-2010) boosted by the Dow (+0.1%), which ended the session on an 18-month high, breaking through the 11,000 barrier for the first time since late Sept-2008.
Shares in Spain’s Ferrovial, investor in the UK’s BAA, jumped 3.2% yesterday, upon the release of its airport traffic report for Mar-2010 and the three months ended 31-Mar-2010. London Heathrow is seeing signs of a recovery, with passenger numbers growth of 0.4% year-on-year for the month (despite...
Airline Quality Rating (AQR) revealed, for the second consecutive year, the performance of the leading US carriers improved in 2009, for the third best overall score in the 19 years researchers have tracked the performance of airlines.
The annual Airline Quality Rating (AQR) report has been released by Wichita State University, an annual assessment that dates back to 1991 and measures airline performance based on a number of statistical measures. The good news is that in all but one of the categories measured, there was improvement...
China and Russia are separately developing next generation aircraft programmes with the launch of the MC-21 (Irkut/UAC) and C919 (Comac/AVIC) narrowbody programmes, respectively, to challenge the duopoly of Airbus and Boeing, whose aircraft are increasingly dominating their home markets. Brazil could...
The majority of European carriers’ shares were down on Monday (12-Apr-2010), pushed lower by a 0.7% rise in oil prices, to USD84.34. Wider markets were flat, with banks the day’s biggest gainers, after euro zone finance ministers agreed to a EUR30 billion emergency aid fund for Greece, if it requests...
Farelogix President and CEO Jim Davidson said the Direct Connect programme being deployed at American Airlines and ten other airlines has the potential to reduce distribution costs by 40-60%. However, Davidson told the Centre for Asia Pacific Aviation (CAPA), it also offers the opportunity for everyone...
Thai Airways’ shares slumped 13.6% yesterday – its biggest one-day fall in six months – after reports that 21 people were killed and hundreds more injured in anti-government protests at the weekend.
