European airlines are generally showing yield improvements in Jul-2010, with the UK and Continental Europe, in particular, showing improved signs and the Nordic market appearing to stabilise, albeit at weak levels. European traffic generally improved over the month, with many carriers adding capacity...
The very last North American airline to report its second quarter results, ExpressJet said it lost USD18.6 million including special items, a 42% increase from the USD13 million loss posted in the year-ago period. Excluding special items, the loss totaled USD5 million. However, it followed its other...
United, Continental, Southwest, JetBlue and US Airways all reported double-digit unit revenue increases in Jul-2010. Growth was above 15% across the board in the month, which was also characterised by strong load factors, reflecting continued careful capacity management.
Air Arabia Maroc, subsidiary of Air Arabia (-1.1%), stated (11-Aug-2010) it would operate from Brussels Airport instead of Brussels Charleroi as of the new winter season. From the end of Oct-2010, the carrier will operate from Casablanca to Brussels Airport with three times weekly frequency, with the...
Shares worldwide were generally weaker yesterday, with European shares sliding by the most in more than a month, after the US Federal Reserve stated the pace of economic recovery is likely to be “more modest” than forecast.
European airline shares fell for another day on Wednesday (11-Aug-2010) after the US Federal Reserve stated the pace of the economic recovery is now expected to be more modest than anticipated. Wider markets slumped as a result, with mining and banking sectors leading the fall.
North and South American airline stocks took another battering on Wednesday (11-Aug-2010) after the US Federal Reserve stated information received since the Federal Open Market Committee met in Jun-2010 "indicates that the pace of recovery in output and employment has slowed in recent months". The Dow...
Aerospace companies were weaker yesterday, as economic concerns affected market sentiment. However, US aircraft and avionics providers have witnessed an upsurge in share value so far in 2010, coinciding with the global economic recovery.
Shares in Denmark’s Copenhagen International Airport fell 1.9% on Wednesday (11-Aug-2010), the same day the airport reported the following traffic highlights in Jul-2010:
A solid result for Qantas Group for FY2010 illustrates a drastically changed company from where it was a decade ago. The only continuing profit centre from those days derives from the near-monopoly the Group has on domestic regional operations, the only area where the Qantas brand has expanded. Meanwhile...
Asian stocks were weaker yesterday, dragging down the MSCI Asia Pacific Index down the most in two months, as concern spread that the US Federal Reserve’s plans this week to boost economic growth indicate an economic recovery is in jeopardy. The Commerce Department also reported yesterday that the...
The development of the Australian domestic and international markets over the past five years has demonstrated the pivotal role of Jetstar within the Qantas Group to defend and expand its share of the market, while providing effective segmentation to shield the mainline carrier’s yields. In many ways...
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...
The British scheduled and charter airline Monarch has announced its winter flying programme for 2010-11, with plans to add frequencies on existing key scheduled routes and add new services. Monarch has established its scheduled division, Monarch Scheduled, previously known as Gold Crown, as one of the...
Kenya Airways (-0.5%) added a B737-300 to its fleet, leased from KLM, with the aircraft to be initially used to increase capacity on the Nairobi-Mombasa route.
US LCC stocks fell sharply in early trading on Thursday, but regained most of their ground by close of trading, with JetBlue shares slipping 1.5%, Southwest shares ending stable, and Allegiant and AirTran gaining 0.2% and 0.4%, respectively.
European airline shares continued their recent fall with wider markets on Thursday (12-Aug-2010) with a mixed day of trading. After a strong day, European share markets generally fell in the afternoon after the US reported a higher-than-expected number of jobless claims.
North American airline stocks rebounded on Thursday (12-Aug-2010), as oil prices dived 2.9%, to USD75.74. The gains were despite a decline in the wider market, with the Dow (-0.6%) falling on an unexpected rise in jobless claims last week.
Boeing, in early Aug-2010, raised its 20-year forecast for Indian aircraft demand by 15%, as strong economic growth positively impacts travel demand in the world’s second most populous nation.
Shares in Aeroplan – which operates Air Canada’s frequent flyer programme – jumped 9.3% on 12-Aug-2010, aided by a 55% jump in gross billings, as the company posted a higher-than-expected profit in the three months ended Jun-2010.
Dufry Group’s (+0.6%) revenue rose by 11.7% in the six months ended Jun-2010:
Shares in Qantas declined 1.2% yesterday, coinciding with the release of the carrier’s financial results for the 12 months ended Jun-2010. Qantas reported a net profit of USD100.5 million (-4.5% year-on-year) and total revenues of USD12.4 billion (-4.2%) in the period, while operating costs were reduced...
Oil prices fell back below USD80/barrel this week, falling to a two-week low on Wednesday, as economic reports in the key US and China markets renewed concerns regarding the ability of the global recovery to support oil demand.
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...
Shares in Bombardier Aerospace slipped 2.5% on Friday. On the same day, the Canadian-based manufacturer awarded Ghafari Associates a contract to redevelop Bombardier's manufacturing complex in Montréal to support the lean manufacture of the CSeries, projected to enter service in 2013.
Kenya Airways (+1.1%) shares slightly rose on Friday (13-Aug-2010), on the same day the carrier announced plans to deploy B777 widebody aircraft on China service. The B777 will be configured with 28 business and 294 economy-class seats for services departing Guangzhou and Hong Kong from 01-Oct-2010,...
North American airline stocks were mixed on Friday (13-Aug-2010), while the majority of South American airline stocks soared after LAN Airlines and TAM announced plans to merge. Chile’s IPSA (+1.8%) was boosted to near its recent all-time high on the news, while Brazil’s Bovespa (+0.5%) rose marginally...
Unlisted Hong Kong International Airport reported the following traffic highlights in Jul-2010 on Friday (13-Aug-2010):
The majority of European airline shares rose on Friday (13-Aug-2010), as the wider market made a modest gain for the session. Markets were boosted by news the Euro zone economy grew at its fastest quarterly pace in 2Q2010.
Colm Barrington, CEO of FLY Leasing, speaking exclusively to CAPA about the prospects for the aircraft leasing sector, noted the signs of recovery in the airline sector are “quite positive”. This is the result, he believes, of the combination of the number of available aircraft declining, a strengthening...
