Worldwide airport shares were mixed yesterday, led higher by Australian Infrastructure Fund (+3.0%).
New Zealand’s power, utilities and transport conglomerate Infratil has released financial highlights for the 12 months ended 31-Mar-2010. They show that revenue and EBITDAF increased at Wellington Airport but both fell at Infratil Airports Europe (IAE), which now comprises just Glasgow Prestwick Airport...
Even as Airbus and Boeing struggle with their next narrow-body programs, Forecast International expects they, and new entrants, will produce 11,844 large commercial transports over the next decade, a production, the Connecticut-based company estimates will be valued at USD1.41 trillion in constant US...
Competition in Asia Pacific long-haul low cost markets continues to intensify, with AirAsia X confirming it is considering a public listing in the second half of 2011, subject to market conditions, while at the same time releasing return fares from Australia to London for less than AUD250 inclusive....
Upon completion of its merger with Northwest, Delta Air Lines became the world’s largest carrier, a position that may soon be lost by the creation of a “new” United Airlines. However, Delta is using this moment of dominance to expand in ways that are unparalleled amongst its legacy peers. Both...
Asia Pacific airline stocks were mixed yesterday, with Indian carriers higher and Taiwanese airlines falling.
Southwest Airlines, the star performer in improving its unit revenues in recent months, continued to report double-digit yield growth in May-2010, but was trumped by United Airlines and Continental Airlines, both of which reported 20%+ growth in the month. JetBlue Airways and US Airways also reported...
European markets rose for the first time in four days on Wednesday (09-Jun-2010), taking airline shares with them. In key markets, UK’s FTSE (+1.2%), France’s CAC (+2.0%) and Germany’s DAX (+2.0%) all ended the session higher.
The majority of North American carriers were up on Thursday (09-Jun-2010), gaining with the wider market. The Dow (-0.4%) was up on news China’s exports reportedly grew 50% year-on-year in May-2010, suggesting continued strong growth in the underlying economy.
The majority of Middle East and African airline shares were down on Thursday (09-Jun-2010). Kuwait National Airways (-2.0%) and Jazeera Airways (-1.6%) were both down, as the Kuwait Stock Exchange (-0.8%) ended trading down after a volatile day of trading.
The devaluation of the euro against the US dollar is improving the competitiveness of European manufacturers, with EADS and MTU Aero Engines lifting their expectations. Shares in EADS surged 6.1% yesterday, while MTU gained 5.7%. Also trading strongly was UK-based BBA Aviation, which gained 3.6%.
Shares in Vueling gained 1.7% yesterday, the same day the carrier released its May-2010 traffic results. During the month, the carrier handled 945,000 passengers, a 119% year-on-year increase, with an average load factor of 71.5% (+0.6 ppts). The strong passenger gain was the result of the carrier’...
Shares in Turkey’s Tepe-Akfen-Vie Airports Holding (TAV) rose 2.7% yesterday as the company announced the signing of a contract to construct a new terminal at Latvia’s Riga International Airport. TAV will establish a 50-50 joint venture with airBaltic for the project.
As global alliances gather momentum, radiating from their core partners in Europe and North America, each region is experiencing the influence that the groupings can bring. Africa is no exception, but the lack of fully viable locally based carriers offers something of a challenge in finding partners...
As global alliances gather momentum, radiating from their core partners in Europe and North America, each region is experiencing the influence that the groupings can bring. Africa is no exception, but the lack of fully viable locally based carriers offers something of a challenge in finding partners...
Asia Pacific airline stocks were mixed again yesterday, with Taiwan’s EVA Air (-4.0%) and China Airlines (-3.5%) weaker despite EVA’s very strong May-2010 traffic report.
American’s cornerstone strategy coupled with its impending antitrust immunity with British Airways/Iberia and JAL could reap higher benefits than the USD500 million predicted by the company, according to MIT International Center for Air Transportation Research Engineer Bill Swelbar. The blogger, who...
Goodrich Corporation announced it has acquired UK-based Crompton Technology Group, (CTG), a leading designer and manufacturer of advanced carbon fibre composite products for the aerospace, defense, advanced vehicle and clean energy markets. Although details of the acquisition were not disclosed, Goodrich...
According to the head of The Airline Group, the collection of scheduled and charter airlines that owns 42% of Britain’s air traffic controller, National Air Traffic Services (NATS), the UK is likely to sell half its (49%) stake in NATS and some members of the Airline Group may also lower their stakes...
In a seemingly unending stream, yet another measure of North American carriers has been released; this time by JD Power and associates. The results are based on a yearlong effort (Apr-2009 to Apr-2010) that involved more than 12,300 respondents and provided separate categories for legacy and low-cost...
American Airlines’ Executive Vice President-Marketing Daniel Garton was tapped yesterday to succeed Peter Bowler as president and chief executive officer of American Eagle. At the same time AMR also reiterated its intent to evaluate the possible divestiture of American Eagle. Before his departure,...
After bouncing back from below USD65 per barrel, oil prices have topped USD75 per barrel in late week trading. Prices have risen in each of the past three sessions, on a better US economic outlook and a decline in US crude oil stockpiles. A slight weakening of the US dollar has also prompted stronger...
North and South American carriers’ stocks rose again on Thursday (10-Jun-2010) as the Dow (+2.8%) moved sharply higher. Investor optimism improved after the European Central Bank boosted its forecast for euro-zone growth this year and data showed new claims for unemployment benefits in the US fell...
Air Arabia’s global network roll out continues. On top of the launch of operations by Air Arabia Egypt at the beginning of the month, the ambitious LCC has announced its fourth base will be located in the Hashemite Kingdom of Jordan.
European airline load factors were generally healthy last month, led by the LCC sector and there are signs of yield improvements in some markets. Germany and Scandinavia are however not among them, though France is showing better signs. The UK picture was affected by airspace closures and industrial...
European airline shares were up for a second day on Thursday (10-Jun-2010), again boosted by wider markets. Markets rose on a successful Spanish Government debt auction and the European Central Bank stated it would keep liquidity measures in place.
As African governments sought a path to successful locally-based airline operations, some attempted to gain the benefits of scale and coverage by forming joint airlines. With a good deal of support from European governments and flag carriers, two early examples of airlines jointly representing the interests...
As African governments sought a path to successful locally-based airline operations, some attempted to gain the benefits of scale and coverage by forming joint airlines. With a good deal of support from European governments and flag carriers, two early examples of airlines jointly representing the interests...
BAA's UK airports handled 8.6 million passengers in May-2010, a drop of 4.5% year-on-year, including 5.3 million at Heathrow, down 3.1%, attributable to the volcanic ash cloud and industrial action. Without these impacts, BAA estimates that Heathrow would have recorded an increase of 2.8% and the group...
Kuwait National Airways (+3.1%) rose while Jazeera remained steady. Air Arabia’s (-0.7%) shares dropped and Royal Jordanian (+0.6%) also rose while the Amman Stock Exchange decreased by -0.49%.
