China's CAAC and National Development and Reform Commission (NDRC) announced a new pricing policy for First and Business Class domestic air travel on Friday, relaxing central controls from 01-Jun-2010.
Singapore Airlines (SIA) benefited from a solid recovery in demand in the second half of its financial year and the maintenance of capacity and cost disciplines to record a net profit of SGD216 million (USD154 million) for the financial year ended 31-Mar-2010. In doing so, SIA maintained its unbroken...
Germany’s Fraport, Hamburg Airport and Dusseldorf Airport have issued their financial statements for the three months ended 31-Mar-2010 or 31-Dec-2009. In Fraport’s case revenue and EBITDA have increased and trends are positive, but the story is not quite so good for the others. Traffic does appear...
The US Department of Transportation’s Aviation Advisory Committee will hold its first meeting today as part of an effort to address US airline ills and measures to improve. The committee includes Republic Airways CEO, Bryan Bedford, JetBlue CEO, David Barger, who has been an administration adviser...
North and South American airline stocks were mixed on Monday (24-May-2010) as the Dow (-1.2%) fell to its lowest level in three months. The market was down on the seizure of a Spanish bank and rising borrowing costs, leading to continued concerns about the global economic recovery.
Act I was the dance between United Airlines and Continental Airlines and Act II is about to open on this political theatre as the Senate Commerce Committee scheduled hearings for Thursday into the proposed merger.
Perhaps taking a cue from Republic Airways Holdings' first quarter conference call, during which management said it wants to sell Lynx Aviation either in part or in whole, a group of former airline executives announced they were interested in buying the subsidiary of Frontier Airlines, which was set...
Menzies Group has lifted its forecast for the full year, with Chairman, William Thomson, announcing the company has made a positive start to the year. Menzies' Board now expects the full-year result to be ahead of market forecasts. The improved forecast comes less than a month after Menzies announced...
European airline shares were mixed again on Monday (24-May-2010) as wider markets gained, following an improvement in US stocks on Friday (21-May-2010). However, the banking sector continued to fall on concerns over the potential impact of the Bank of Spain's bailout of CajaSur.
1time Holdings' shares were flat yesterday as the airline reported a net profit of USD5.8 million for the 12 months ended 31-Dec-2009, compared with a loss of USD1.3 million in the previous corresponding period. The company also reported a 3,029% year-on-year rise in operating profits, to USD11.8 million...
Shares in Spain’s Ferrovial, investor in UK-based BAA, dipped 2.7% yesterday, as BAA released its response the new British Government’s "Coalition Agreement".
Asia Pacific airline stocks continue to gyrate as global financial markets struggle with the European debt crisis and what it means for global economic growth.
AAR Corp announced its fourth quarter results will be below prior expectations, due to a slower than expected recovery in demand for commercial aviation after-market support. Investors wiped 17.2% off the value of the company’s shares, which closed at a nine-month low.
Air Arabia (-4.6%) fell on Tuesday (25-May-2010), along with the Dubai Stock Exchange which slumped by -4.6%. During trading the Sharjah-based airline announced plans to increase its weekly flights to Goa, India.
The majority of North American airline stocks gained on Tuesday (25-May-2010) as JP Morgan forecast gains in airline stocks in the current economic environment. South American carrier stocks meanwhile fell, suffering the biggest losses of the day.
Virgin Atlantic's President, Sir Richard Branson, has stated that the carrier is considering the ‘option’ to merge with another carrier, but only if Virgin is unable to remain 'independent'. The airline is 49% owned by Singapore Airlines and SIA is reportedly planning to sell its stake; but that...
European airline shares slumped with wider markets on Tuesday (25-May-2010), which fell to their lowest point in nine months. The banking sector pushed markets lower, due to a rise in interbank lending rates and continued concern over European austerity measures.
Airport and supplier stocks slumped yesterday, as investor uncertainty rips through global financial markets on the affect the European debt crisis will have on global economic recovery and growth.
Asia Pacific airline stocks slumped again yesterday as another wave of panic selling hit Asian stock markets. US markets clawed their way back from heavy early losses overnight, which should provide some lift to Asian markets today.
1time Holdings' shares were flat yesterday as the airline reported a net profit of USD5.8 million for the 12 months ended 31-Dec-2009, compared with a loss of USD1.3 million in the previous corresponding period. The company also reported a 3,029% year-on-year rise in operating profits, to USD11.8 million...
A report "Capacity and Frequency Analysis for Intra-European Operations" by UK-based RDC Aviation makes some interesting points about capacity distribution in Europe. The top ten airlines in terms of seat capacity in Apr-2010 were headed by Ryanair with 7.3 million, a 13.3% increase, followed by Lufthansa...
North and South American low cost carrier stocks had a mixed performance on Wednesday. Some were still higher on comments from JP Morgan one day prior, while others followed the markets, with the Dow dipping 0.7%, while the AMEX Airline Index gained 2.23%.
1time (3.8%), Comair (6.8%) and Lonrho (7.3%) shares rose, while the Johannesburg Stock Exchange soared 3.3%.
North and South American carriers gained again on Wednesday (26-May-2010), continuing to benefit from comments from JP Morgan the day before. The upward momentum is despite a fall in the wider market, with the Dow (-0.7%) slipping on concerns China is considering revising its investments in European...
Aerocentury’s share price continued its recent downward trend, losing another 4% on Wednesday. After a 12% jump in share prices following the release of its first quarter results on 12-May-2010, the stock has lost approximately 20% of its value.
European airline shares rebounded with wider markets (26-May-2010), as investors purchased shares in companies that had been heavily sold off during the past few weeks.
Chinese airport operators and suppliers gained during trade yesterday, as global stock markets traded higher on a positive lead the previous day from Wall Street.
Virgin Blue reports domestic passenger numbers in Apr-2010 rose 0.5% year-on-year, but domestic passenger load factor fell 1.4 ppts as the airline grew capacity by 3.1% (against a financial year-to-date reduction in capacity of 3.6%).
"If the major airlines pare down to three, as industry analysts predict,...Americans would face fewer choices, worse service and higher prices." Congressman James Oberstar, Chairman, House Transportation and Infrastructure Committee
Jazeera Airways (2.6%) rose following the launch of a new sales channel in Kuwait via the Galileo Global Distribution System.
