China’s Shenzhen Airport (-0.2%) announced its passenger numbers rose by 11.9% in Aug-2010:
Air Arabia (+2.3%) announced plans to launch Casablanca-Alexandria service, with Egypt representing the 12th destination on Air Arabia’s growing network from Morocco. Meanwhile, the Dubai Financial Market rose by 2% to 1,568.88, the highest since 31-May-2010.
Shares in Air New Zealand gained 3.8% yesterday – but is weaker in early morning trading today – with the NZX 50 rising 1.0% yesterday for the fifth consecutive day of gains on continued expectations of a global economic recovery.
After Continental Master Executive Council Chair Jay Pierce blasted yet another strategically placed shot across the regional industry’s bow last week in suggesting that the next contract for the merged United/Continental would rid the carrier of outsourcing to regional airlines, newly installed Allied...
The growing backlash against ancillary charges in the airline industry has been gaining voice. Now, with a little nudge from the American Society of Travel Agents, action is about to be added to the rhetoric. A website, entitled madashellabouthiddenfees, is providing a focal point for consumer action...
Asiana Airlines and Korean Air were both profitable at the operating level in the three months ended Jun-2010 (2Q2010), as the carriers reported strong revenue and yield growth in the three-month period. The carriers’ good fortune is expected to continue in the third quarter, as a result of buoyant...
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...
All Nippon Airways and First Eastern Investment (a self-proclaimed "pioneer of direct investments in China”) today announced the signing of a MoU to establish what they claim will be the “first Japanese low cost airline”. The decision is another part of ANA's strategy to become the dominant Japanese...
Ryanair has been moving away from larger hubs this year, particularly in the UK and Ireland, and has more recently threatened to cut its route network in Germany. The carrier attributes the moves to tourist and departure taxes introduced by various governments. As a result, the carrier has been establishing...
SpiceJet Director and interim CEO, Kishore Gupta, stated he expects Indian LCCs to "capture three-fourths" of the price-sensitive domestic market in the next five years, as LCCs expand aggressively while their full-service counterparts take a more cautious approach to capacity, as they focus on minimising...
Unlisted Air Zimbabwe reported its pilots conducted a strike on 08-Sep-2010 over conditions of employment and payments. Approximately 60 pilots went on strike demanding payment of allowances. It is understood the basic salary for Air Zimbabwe pilots is USD2509, but they also receive up to USD10,000...
Boeing and EADS recently confirmed that they are looking at consolidation and merger and acquisition possibilities in the defence sectors. Budget pressures in the defence sector, particularly in the US, are leading to the potential for industry consolidation.
North and South American airline stocks were mixed on Wednesday (08-Sep-2010), despite strong gains in wider markets. The Dow (+0.5%) ended trading higher on news Portugal successfully completed its debt auction with solid demand and the US Federal Reserve reported “economic growth at a moderate pace...
European airline shares made gains on Wednesday (08-Sep-2010) after wider markets reached a four-month closing high. Markets gained on news Portugal successfully completed its debt auction during the day.
North and South American LCC stocks were mixed on Wednesday (08-Sep-2010), with Air Tran and JetBlue weaker (shares slipping 1.7% and 1.1%, respectively) and Southwest, WestJet, Allegiant and GOL all gaining.
Greater Orlando Aviation Authority announced its passenger traffic rose by 5% in Jul-2010:
US Department of Transportation (DoT) proposed to deny an application for antitrust immunity made by Delta Air Lines and affiliates of the Virgin Blue Group with respect to joint services between the US and Australia. Shares in Virgin Blue gained 3.5% yesterday, following a 6.2% gain the previous day...
A strong profitable home carrier, a supportive government and a liberal aviation policy: 20-years ago, this statement would have described the dynamic hubs of the Asian Tiger economies, particularly Hong Kong and Singapore. It can now be applied most aptly to market leader Dubai.
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...
European airlines are showing signs of yield improvement, particularly among the UK and Continental European carriers. The Nordic market appears to be stabilising, albeit at weak yield levels. Overall, the outlook remains uncertain.
European airline shares made strong advances on Thursday (09-Sep-2010), as better-than-expected US jobs market and international trade data pushed wider markets higher. A decline in oil prices (-0.6%) to USD74.25, also sent airline shares higher.
North and South American airline stocks were mixed on Thursday (09-Sep-2010) as the Dow ended the day flat. The market gained for most of the day on news initial claims for jobless benefits were down for Aug-2010 and US exports have improved.
Goodrich Corporation shares fell 2.5% yesterday after announcing it plans to redeem USD257.5 million in outstanding 7.625% notes due 2012. The notes will be redeemed in Oct-2010.
Middle East and African airline shares were mixed for Thursday (09-Sep-2010). Air Mauritius (-4.3%) was the biggest fall for the day, despite Mauritius’s SEMDEX Index ending a two-day decline to end trading up 0.2%.
Mexican stocks closed 0.3% higher Thursday, on volume of 143.4 million shares worth USD302 million, in line with modest gains in US markets, as concerns over the health of European banks curbed the impact of better-than-expected jobs data and encouraging trade results in the US.
Cathay Pacific Airways shares gained 3.7% yesterday, to reach their highest level in around 22 months on heavy institutional buying. Shares in the carrier have gained more than 45% in 2010 to be easily the best performer on the Hang Seng Index.
All Nippon Airways and First Eastern Investment Group signed an MoU yesterday to establish the "first Japanese low-cost airline". The new airline will operate international and domestic short-haul routes out of Kansai International Airport and will operate independently from ANA.
Oil prices continue to hover above USD75 per barrel as US crude oil stocks continue to decline, with better jobless and trade deficit figures in the US helping to raise crude prices this week. The US Energy Information Administration (EIA) reported a 1.9 million reduction in the crude oil stockpile...
Virgin Blue CEO, John Borghetti might want to take the weekend off. He certainly shouldn’t be heading for the casino. In the space of two days, two key planks of the carrier’s cooperation strategy, with Delta and Air New Zealand, appear to be under serious threat. A few days ago they looked relatively...
After decades of attempting to change aviation flight and duty time rules, the Federal Aviation Administration (FAA) released its long-awaited, latest Notice of Proposed Rulemaking based on the Sept-2009 recommendations of an Aviation Rulemaking Committee (ARC). The committee found the job so complex...
