Shares in Airports of Thailand (AoT) led the way up yesterday, surging 8.0% as Thai stocks gained more than 4.0% after the Thai Government proposed early elections as part of a move to end the country’s political crisis.
European and US markets were sharply lower yesterday on worries over the fallout from Greek debt, and aviation suppliers shares were not spared the sell-off.
Lufthansa lost EUR298 million in the first quarter of this year. Operating losses were EUR330 million, on revenues of EUR5.8 billion. The full results are not published until today; these will be of relevance only if they indicate a solid direction for yields for coming months. Competition on short...
Worldwide passenger traffic rose by 7.6% in Mar-2010 year-on-year and by 6.1% for the first quarter, according to the latest figures from Airports Council International (ACI). The freight resurgence continued, with a 25.6% rise in total volumes in Mar-2010, led by a 32.4% surge in international freight...
Worldwide airline capacity is growing solidly again this month, according to OAG. Global airline seat capacity and flight frequency will increase 6% and 5% year-on-year to 317.5 million and 2.6 million, respectively.
The ongoing conflict between airlines and air navigation service providers (ANSP) over charges has escalated again. IATA, which represents 230 (mostly) full service airlines, operating 93% of scheduled international air traffic, released a missive this month that claims that 19 of the 34 EUROCONTROL...
Over the past five years, Qatar Airways has expanded its fleet from 40 to 82 aircraft. It plans to add another 38 aircraft by 2013, maintaining a delivery schedule of better than one aircraft per month. With 145 aircraft on firm order, Qatar Airways sits on one of the largest aircraft order backlogs...
Aircastle shares dropped 11.2% in trading yesterday, as the company reported a minor drop in revenue and net profit over the first quarter of 2010. Other major lessors also fell significantly with uncertain economic news coming from Europe.
For Republic Airways Holdings’ CEO Bryan Bedford it was an uncomfortable and unusual duty: reporting a net loss of USD36.5 million for the first quarter of 2010. This was the first quarterly loss for the company since 9/11; that was then followed by 32 consecutive quarters of profitability, which,...
WestJet reported a larger-than-expected and steep reduction in quarterly net profits in the three months ended 31-Mar-2010 (1Q2010), but still managed to continue its profitability trend for a twentieth consecutive quarter.
Royal Jordanian gained on Wednesday (05-Apr-2010) despite CEO, Hussein Dabbas, stating it may only generate “slight” profit in 2010 due to an increase in fuel costs. However, he added that the carrier has seen “encouraging” signs the economy is improving and a resurgence in passenger numbers...
The majority of North and South American carriers’ stocks were down again on Wednesday (05-May-2010) as global markets continued to fall on concerns debt issues in Europe will hamper economic recovery worldwide. The Dow (-0.5%) ended trading lower, despite news of a third consecutive monthly rise...
Shares in AirTran Airways slipped 3.0% yesterday, on the same day the carrier reported traffic results for Apr-2010. During the month, the airline's traffic (RPMs), load factors and passengers enplaned represented new all-time company records for April, with RPMs increasing 8.1% to 1.6 billion, load...
European markets pushed airline shares lower again on Wednesday (05-May-2010) as the banking sector continued to stumble on a warning from Moody’s that it may downgrade Portugal. The move again raised concerns of the financial health of euro zone countries and the region’s economic recovery.
Shares in Turkish airport operator, TAV Airports, lost 5.6% yesterday leading the downward trend of airport and suppliers stocks.
Most Asia Pacific airline share prices fell yesterday, 5-May-2010, as markets across the region fell in response to European debt concerns. Many airline shares were not traded, as there was a public holiday in South Korea, Japan and Thailand.
“I strongly urge the Department of Justice to demonstrate its commitment to vigorous antitrust enforcement and healthy competition in the airline industry by disapproving the proposed merger between United Air Lines and Continental Airlines.” - letter from Representative James Oberstar to the Department...
Brett Godfrey formally steps down today, 7-May-2010, after 10 years as CEO of Virgin Blue. Among aviation industry figures he is unique. A relatively low-key, albeit Type-A, CEO, he has gone where no one in aviation history has ever walked.
Global airline, airport and aviation supplier shares across the world were hit yesterday, 6-May-2010, amid elevated nervousness in economic circles over debt issues in Europe. Despite a better outlook generally for aviation, as strength appeared to be returning to forward bookings, any threat of economic...
Concern that Greece’s debt woes could spread to the rest of Europe is dragging oil prices lower, with the potential for a lower Euro weighing on oil markets. Oil prices dipped below USD76 per barrel briefly during inter-day trading yesterday, ending at a little about USD77, having spent most of the...
Shares in China’s Beijing Capital International Airport lost 5.4% yesterday, despite the release of its positive traffic report for Apr-2010. Passenger numbers in the month climbed 9.2% higher to 6.0 million, led by a 14.7% surge in international traffic and 7.6% rise in domestic passenger numbers...
Asia Pacific airline shares could be in for a rough ride today after scary falls on Wall Street overnight. The Dow Jones Industrial Average fell 348 points or 3.2% overnight to 10,520, having plunged as much as 998.5 points or 9.2% (the biggest intra-day fall in history), due to weak corporate profits...
Brazil, Russia, India and China (the BRIC countries) are four of the world’s largest emerging economies which together represent approximately 40% of the world’s population, 15% of global GDP and more than a quarter of the world’s land area, with a combined population of 2.8 billion people, a...
North and South American carriers’ stocks were down again on Friday (07-May-2010) as wider markets continued to fall, resulting in the biggest weekly decline in more than a year. The Dow (-1.3%) moved lower as investors remained concerned over the European debt crisis, despite the Labor Department...
The US Department of Transportation (DoT) granted tentative approval for American Airlines, Delta Air Lines and Hawaiian Airlines to operate four new routes to Tokyo Haneda when the airport’s fourth runway becomes operational in late-2010.
EADS CEO, Louis Gallois, thinks the A380 will eventually be a successful product, but the executive does not expect significant orders for the company’s troubled aircraft until 2011 or 2012.
The majority of Middle Eastern and African carriers’ shares were down on Friday (07-pr-2010) as wider markets moved lower with global markets on concerns over debt issues in Europe.
European airline shares were down heavily again on Friday as a result of the double-whammy impact of the sovereign debt crisis and further volcanic ash-related air space closures.
Last month’s European airspace closures is having the expected effect on April airline traffic figures. However, Ryanair’s figures, inflated by its practice of reporting booked seats as opposed to passengers flown, underscores the caution that needs to be applied when comparing airline data. It’...
China Eastern Airlines is seeking to create a revenue and cost sharing venture with Air France-KLM on the Shanghai-Paris and Shanghai-Amsterdam routes, according to a report in the People’s Daily.
