Air France-KLM plans to start negotiations later this year to buy 100-150 long-haul aircraft worth up to USD38 billion at list prices. The order is anticipated for 2011 at the earliest. The carrier is thought to be considering the B787-9 version and the Airbus A350-900 to replace its A330s, A340s, B777...
Much of the recent focus on engine technology has been on the "will they, won’t they" decision on new technology engines for the A320 and B737. Airbus and Boeing are still undecided as to whether they will adopt new engines for the aircraft, despite several influential airlines calling for new engines...
North and South American carriers rose again on Thursday (27-May-2010) boosted by gains in the wider market, after China denied reports it was planning to sell European bond holdings. The Dow (+2.9%) ended trading higher as a result.
LCC shares around the world rose strongly yesterday, led by South America’s GOL (+7.3%), despite a 4.3% (USD3 per barrel) surge in the price of oil to USD74.55 on the New York Mercantile Exchange.
SpiceJet posted a net profit of USD12.9 million in the 12 months ended 31-Mar-2010 (compared with a loss of USD74.2 million in the previous corresponding period), helped by lower fuel costs and an upswing in passenger demand. Seat factor surged 12.0 ppts to 78%, offsetting an 11.2% reduction in the...
European airline shares again rose as wider markets soared on 27-May-2010, after China denied reports it was considering reducing its European government debt investments. The airlines’ gains occurred despite a 4.3% rise in oil prices (USD3), to USD74.55.
A difficult three months has seen another disappointing first quarter result for Air Berlin. The carrier reported an operating (EBIT) loss of EUR98.6 million, EUR11.3 more than the loss it reported in the same period in 2009. The carrier reported a pre-tax loss of EUR125.5 million, compared to the EUR118...
Global airport and supplier shares were sharply higher yesterday as global stock markets traded up on mid-week positivism.
The International Air Transport Association (IATA) stated that early indications for May-2010 show a rebound in international travel after the ash-related disruption in and around Europe last month. Director General & CEO, Giovanni Bisignani stated the ash crisis was a shock and there is a danger of...
In the space of four weeks, Australian carrier Virgin Blue has twice downgraded its earnings guidance for the current financial year (to 30-Jun-2010) from the AUD80-110 million profit before tax and exceptional items target announced on 04-Feb-2010 to just AUD20-40 million revealed today. Its shares...
Oil prices surged again on Thursday as investors shrugged off European debt worries and focused instead on more positive economic data from the US. Having slumped below USD65 per barrel earlier in the week, benchmark crude for July delivery rose USD3.04 yesterday to settle at USD74.55 per barrel on...
Losses in 2009 and 1Q2010 have not dampened Jazeera Airways’ expectation of reporting a profit in 2010. With regional traffic still growing rapidly and yield levels continuing their resurrection in the Middle East, the outlook for 2010 is much better than it was for 2009. Chairman Marwan Boodai is...
North and South American low cost carrier stocks fell back on Friday (28-May-2010) with a decline in the wider market. The Dow will suffer its biggest monthly drop since Feb-2009, falling 7.9% so far in May-2010, with a 1.2% decline on Friday.
Air Arabia took delivery of its 20th A320 aircraft on 27-May-2010, leased from AerCap, and announced plans to increase Sharjah-Goa frequency. Its shares rose 1.2% on Friday.
Land provided by private company, airport operated by municipality; St Joe Company stands to gain from anticipated inward investment; Potential for international services; Big emphasis on environmental credentials; Hopes to attract a new wave of visitor to ‘unknown’ beaches; Southwest keen...
An Indian Government committee on the development of India’s first civilian aircraft has confirmed plans to develop a 90-seat type, with the configuration to be finalised within a year.
CAPA reviews the latest developments at GMR, GVK, Maldives Airport Co and the other major Indian airport investors in this Monthly Essential India report.
A decline in the wider market pushed North and South America shares lower on Friday (28-May-2010), with the Dow dropping 1.2%, after Fitch Ratings downgraded Spain’s debt rating from ‘AAA’ to ‘AA+’. The decline ensured the market will suffer its biggest monthly drop since Feb-2009, falling...
Australia is to tighten coordination between its civil air navigation services provider and military air traffic, harmonising civil and military air traffic management. The objective is to develop a mutually operable system, which “promises significant improvements in safety, efficiency and capacity...
European airline shares were mixed on Friday (28-May-2010) as wider markets slipped and oil prices declined 0.8% to USD73.97.
Qatar Airways announced plans to invest up to USD1.2 billion in new facilities at Doha International Airport, despite plans to shift to the forthcoming New Doha International Airport (NDIA) in 2011. The expansion is required to meet the national carrier’s aggressive fleet and network expansion plans...
Airport and supplier stocks in the South Pacific region rose on Friday, with Australian Infrastructure Fund rising 2.4%, Auckland Airport 0.5% and MAp 0.2%. New Zealand’s Infratil closed flat.
The long-awaited final rule on the specifications of the Automatic Dependent Surveillance-Broadcast Out (ADS-B out was released by the Federal Aviation Administration with an expected equipage costs of between USD2 and USD6.2 billion. The rule clears the way for manufacturers to begin making the equipment...
The Saudi Arabian Government has ambitious plans to modernise and liberalise the national aviation system, to improve options for passengers and enhance the sector’s efficiency. Key to this has been the move to privatise Saudi Arabian Airlines (SAA), develop of national airport infrastructure and...
Virgin Blue’s shares plummeted 28% on Friday after releasing its second profit warning in a month (but regained over 6% in early trade today), while Qantas gained 1.2%, with a further increase during today's morning trading.
Virgin Blue’s shock profit warning last Friday has been attributed to many things: a slowing economy, a weakening retail environment as interest rates rise, excessive price competition, too much industry capacity and so on. Virgin Blue maintains that there has been a "rapid deterioration" in the operating...
Shares in China’s Hainan Meilan International Airport closed virtually flat yesterday (+0.1%) on the day of its annual general meeting, H shareholders meeting, domestic shareholders class meeting and extraordinary general meeting.
Airbus expects the A380 to be profitable within five years, according to an interview with EADS CEO, Louis Gallois, conducted by Handelsblatt. Break-even for the aircraft is now on the horizon, after two and a half years of delays and production problems. But, profitability for the aircraft will still...
Middle East carrier stocks were mixed on Monday (31-May-2010) with Kuwait National Airways remaining steady while Royal Jordanian Airlines dropped 1.8% and Air Arabia (+0.6%) gained slightly.
AirAsia reported strong revenue, passenger growth and margins in its latest financial report for the three months ended 31-Mar-2010. The carrier is also optimistic about the outlook for its business. One pleasing aspect was the substantial improvement in AirAsia’s openness and transparency regarding...
