China's most successful LCC, Spring Airlines, reported a doubling in revenue and profits in 1H2010, which the carrier attributes to “significantly” lower costs than its competitors. The carrier reported revenues of USD215.2 million in the six-month period, a 60% year-on-year increase, while profits...
European stock markets edged higher Wednesday, although European LCC shares were generally weaker led by a 7.1% slump by easyJet - its largest fall in 18 months. The stock has advanced 14% this year, boosting the company’s market value to GBP1.73 billion.
A minor dip in output has harmed Boeing’s first half profit, but the US manufacturer is confident of reaching its full year forecast and is riding high on strong ordering at the recent Farnborough Airshow. Boeing reaffirmed its full-year guidance for revenue, earnings per share, and operating cash...
SpiceJet’s first quarter net profit more than doubled in the three months ended Jun-2010, surging 110% to USD11.8 million, driven by a 35% increase in operating revenues to USD152 million and a 29% increase in passenger numbers. The carrier’s net profit margin in the quarter of 7.8% represented...
North and South American airline stocks declined for another day on Wednesday (28-Jul-2010) as the Dow (-0.4%) retreated on news manufactured durable foods sales declined by USD2 billion in Jun-2010 compared with May-2010. The AMEX Airline Index fell 0.6% as a result.
Kenya Airways (-0.6%) announced it had established a new 24-hour call centre to improve customer service and sales performance. It came as the Kenya Tourist Board (KTB) stated it is optimistic arrivals would pass 1 million by the end of 2010. Tourist arrivals in 1H2010 increased 20.5% year-on-year to...
European airline shares fell on Wednesday (28-Jul-2010) as wider markets ended their six-day rally on an unexpected decline in orders for durable goods in the US. The fall was despite another day of declines in oil prices (-1.9%) to USD76.09.
BAA released its financial report for the six months ended 30-Jun-2010 yesterday. The airport operator reported a 2.2% revenue increase to GBP957.6 million, while adjusted EBITDA declined marginally by 0.2% to GBP401.7 million. This performance reflects disruptions in the first half caused by the volcanic...
IATA reported that the aviation industry “continues to recover faster than expected”, driven by strong Asia Pacific demand. Asia Pacific carriers recorded the most significant demand improvement at 15.5% in Jun-2010, with China continuing to be the region’s growth engine.
IATA reported continued “strong demand growth” in international scheduled traffic in Jun-2010, as the industry recovers from the impact of the global financial crisis. IATA Director General, Giovanni Bisignani, commented that the industry “continues to recover faster than expected”.
CAPA is the leading global aviation knowledge practice, delivering market analysis and data to support strategic decision making at hundreds of the most recognised organisations in the industry. Established for 20 years, CAPA has developed an unrivalled reputation for independence, insight and integrity...
In a dramatic swing from 2Q2009, Southwest Airlines more than tripled its results of a year earlier, excluding special items, from USD59 million to USD216 million in 2Q2010. Southwest Chairman, President and CEO Gary Kelly announced the results to analysts during yesterday’s second-quarter earnings...
Southwest Airlines' shares remained unchanged yesterday, despite the carrier reporting a strong set of financial results for the three months to Jun-2010 (2Q2010).
Indian airline traffic growth remained above 20% in Jun-2010, the fourth consecutive month that domestic airlines have reported growth in this range. Traffic has been soaring at India’s second tier airports, the non-metros, where extensive modernisation and expansion projects are under way to cope...
European airline shares continued to decline on Thursday (29-Jul-2010) as markets declined late in trading, as investors started profit taking on recent gains. Airline shares were also pushed lower by a 3.0% rise in oil prices, to USD78.36.
A GBP1 billion loss on the fair value of currency contracts has pushed Rolls-Royce to a loss in 1H2010, despite a fair operational performance in 1H2010. The company reported an operating profit of GBP594 million, but losses before tax of GBP475 million, as a result of GBP1,069 in non-cash market-to...
Royal Jordanian's shares remained stable on Thursday (29-Jul-2010). On the same day, the carrier released its financial/traffic highlights for the 12 months ended Jun-2010 with a 13.9% year-on-year rise in revenue to USD441.8 million and a net loss of USD10.2 million, compared to a net profit of USD10...
With the mainline and low-cost carrier reporting season drawing to a close, AirlineFinancials.com Founder Bob Herbst said the nine largest carriers reported USD1.86 billion in net profits on USD31.7 billion in revenues, the second highest in history and just shy of 2008’s USD33.3 billion record. Second...
Shares in Ferrovial and Abertis, Spanish infrastructure players with airport interests, lost ground yesterday, upon the release of their financial reports for the six months ended 30-Jun-2010. Bolsa de Madrid’s Ibex 35 Index closed 0.15% higher yesterday.
The Chinese stock market continued its upward rally for the eighth consecutive day on Thursday, with the Shanghai Composite Index rising 0.6% to reach the highest index close in the past two months. Meanwhile, the Hang Seng Index gained less than 0.1%, while the Hang Seng China Enterprises Index, which...
