Virgin Blue today reported an underlying EBIT of USD76.5 million in the 12 months ended 30-Jun-2010, a 10.5% year-on-year increase, with a profit before tax of USD30.2 million in the period, compared with a loss of USD199.0 million in the previous corresponding period. Shares in the carrier declined...
Asia Pacific full-service airlines have seen a pick-up in passenger travel and air cargo demand in 2010, according to Association of Asia Pacific Airlines (AAPA), which commented that Jul-2010 traffic results “provide further evidence of the strength of the recovery in both passenger and freight markets...
IATA reported that international scheduled traffic “continued to strengthen” in Jul-2010, with global passenger traffic now 3% higher than the pre-crisis levels of early 2008. It prompted Director General, Giovanni Bisignani, to comment that the recovery in demand has been "faster than anticipated...
Asia Pacific full service airlines have been seeing a pick-up in passenger travel and air cargo demand in 2010, according to the Association of Asia Pacific Airlines (AAPA). AAPA commented that Jul-2010 traffic results “provide further evidence of the strength of the recovery in both passenger and...
In one of the more dramatic announcements in a never-peaceful Australian aviation market, Virgin Blue’s new CEO today announced an array of measures which could go a long way to equalising the balance with major competitor Qantas. A “game changing” partnership with Abu Dhabi’s powerful Etihad...
After Boeing steadfastly maintained through 1H2010 that the first B787 would be delivered to the launch customer, All Nippon Airways, before the end of 2010, the manufacturer has today pushed back delivery of the first aircraft, this time to “the middle of first quarter 2011”. The delay is the latest...
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...
Two of the world’s largest engine manufacturers are engaged in a legal dispute over commercial aircraft engine designs. Rolls-Royce has filed a complaint against United Technologies Corporation (UTC), the parent of Pratt & Whitney and a participant in numerous engine JVs, alleging infringement of...
Both the Indonesian and Philippine governments have ‘invited’ the private sector to help construct new airports and terminals. In the case of Indonesia it had not previously demonstrated a favourable disposition towards the private sector in the airports business, at least outside of Jakarta, and...
Iran's Roads and Transportation Minister, Hamid Behbahan, reportedly stated Iran plans to purchase 13 Boeing and six Airbus passenger aircraft in the near future. "Five Boeing MD planes (out of 13 planes) have already been imported and the rest of the planes will arrive in the country soon," the Minister...
European airline shares rebounded on Thursday (26-Aug-2010) as wider markets rallied on improved financial results and better-than-expected US jobs data. The rise in airline shares was despite a 1.2% rise in oil prices to USD73.36.
The majority of North and South American airline stocks were down on Thursday (26-Aug-2010) and the Dow (-0.8%) fell for another day, as continued concerns about the strength of the economic recovery outweighed news jobless claims fell more than expected. A rebound in oil prices (+1.2%), to USD73.36...
Air Berlin shares gained 2.1% yesterday as the carrier confirmed its 2010 outlook and stated it is expecting "improved revenue performance and in improving margin" in 2H2010, on improved demand and yields. The carrier added that recent acquisitions would offset losses due to the volcanic ash cloud disruption...
Austria’s Flughafen Wien Group (-0.2%), operator of Vienna Airport, announced its revenue rose 3.5% for the six months ended 30-Jun-2010:
After six days of steady falls, oil prices have rallied late in the week, after threatening to go below USD70 per barrel. The interplay between the recovery of the US economy and oil prices continues, with better US jobless figures helping to trigger the late week rally.
Shares in Australian regional carrier, Skywest Airlines, slipped 7.3% yesterday, despite the carrier reporting a “satisfactory” 177% jump in profit before tax and a 190% gain in net profits to USD10 million and USD7 million, respectively, in the 12 months ended Jun-2010.
Bournemouth (UK) based Palmair announced that it intends to suspend all services at Bournemouth Airport for the months of Nov-2010, Dec-2010 and Jan-2011, citing poor advance bookings for winter, but hopes to produce a reduced winter timetable from Feb-2011 onwards. Despite this temporary setback Palmair...
Australia’s ATM provider, Airservices Australia, announced further investment in its extensive capital programme in the Jun-2010 quarter, with the organisation also outlining its growth plans for the next five years. It has also reaffirmed its commitment to build a "new workforce" to meet increased...
After struggling against the odds for over three weeks, Mexicana de Aviacion, on 27-Aug-2010 announced that all operations, including those of the group’s regional subsidiaries, MexicanaClick and MexicanaLink, would cease on 28-aug-2010. The not-unexpected outcome was attributed by Mexicana’s new...
Unlisted Etihad Airways stated it hopes to break even in 2011, with the carrier benefiting from its customer service strategy. CEO James Hogan added that the carrier has seen traffic recover in most regions in the wake of the recession. Mr Hogan said the carrier also benefits from having few legacy...
While Boeing has again delayed its B787, Airbus has again denied media reports that it will be forced to delay its new twin-engine widebody, the A350 XWB.
North and South American airline shares soared on Friday (27-Aug-2010) after US Federal Reserve Chairman, Ben Bernanke, promised to take action, if required, to safeguard the country’s economic recovery. Airline shares were also boosted by news the United Airlines and Continental Airlines merger plans...
European airline shares finally gained on Friday (27-Aug-2010), as wider markets closed higher on rises in the telecoms and defence sectors. SVM Managing Director, Colin McLean, told Reuters that the gains were a “rally after a sell-off, with no conviction behind it”.
Italy’s unlisted SAVE Group, operator of Venice Airport, reported a revenue increase of 0.4% for the six months ended 30-Jun-2010:
Shares in Virgin Blue gained 3.2% on Friday, the same day the carrier released its traffic results for Jun-2010 and Jul-2010.
China Eastern Airlines reported a 63% jump in first half net profitability to USD248 million (with operating profit increasing 25% to USD372 million) on a 94% revenue increase to USD4.8 billion, as Shanghai’s World Expo boosted travel demand, the carrier’s acquisition of Shanghai Airlines increased...
North and South American airline shares continued to fall on Monday (30-Aug-2010) after news personal incomes rose less than expected in the US in Jul-2010, again questioning the strength of the economic recovery. The Dow (-1.4%) fell as a result.
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...
There’s an old saying – if it ain’t broke, don’t fix it – that about-to-be-merged Continental and United pilots should, perhaps, learn. The two groups threw down the gauntlet last week saying they wanted to eliminate regional airline outsourcing as part of the new joint contract with the merged...
The 02-Aug-2010 failure of a Rolls-Royce Trent 100 engine during ground testing is not expected to have any affect on the delivery of the B787, according to both the engine manufacturer and Boeing. B787 launch customer, All Nippon Airways, is due to receive its first aircraft by the end of the year,...
