All Nippon Airways (ANA) shares jumped 4.1% yesterday to JPY303 buoyed by the prospect of increased passenger traffic on domestic routes in 4Q2010 while rival Japan Airlines' route-cutting is expected to accelerate during the period. The carrier is also set to benefit from the opening of the fourth...
Ancillary revenue is becoming a hot topic in the airline industry with airlines now reliant on ancillaries after two years of using them to first, overcome high fuel prices, and then slumping revenues and yields. Ancillary revenues are expected to continue to rise as a proportion of total revenue as...
The nine largest US airlines are expected to post profits of USD2.4 billion on USD33.3 billion in revenues as they roll out their third quarter results next week. Indeed, they are expected to have an average net profit margin of a healthy 7.2%, according to AirlineFinancials.com founder Robert Herbst...
Emirates was named the winner of the prestigious Centre for Asia Pacific Aviation (CAPA) Airline of the Year Award for 2010 at a gala reception in Singapore this evening. Air New Zealand's Rob Fyfe was named CEO of the Year. The awards ceremony was held as part of this year’s seventh annual Asia Aviation...
China has upgraded its air passenger growth forecast for 2010, as predicted by CAPA, reflecting a better than expected recovery in international markets and sustained growth domestically. The CAAC is now predicting a 16% increase in total traffic this year to 266 million passengers, up from an earlier...
Airline traffic growth in India remained in the double digits in Sep-2010 for two consecutive Septembers of traffic growth with traffic now rebounded to well above pre-recession levels. Growth has averaged 18.5% in the year-to-date while the stability in the sector has improved with the continued passenger...
India has been a “white spot” in the global alliances network but with the market set to be amongst the fastest growing in the world over the next two decades, it is not surprising that this may be about to change.
US and UK Aerospace and defence manufacturers had a hard time on Tuesday, with Rockwell Collins, Honeywell and Goodrich all losing 1.8% by the close of trading. BAE Systems (-1.6%) and Raytheon (-1.7%) also lost ground, as did Pratt & Whitney (-1.3%).
Shares in AirAsia gained 4.7% as the carrier reported a 12.4% increase in passenger numbers to 4.0 million in the three months ended Sep-2010. Thai AirAsia handled 1.4 million passengers in the period (+8.8%) while Indonesia AirAsia handled 1.1 million passengers (+8.3%). Load factors for the three...
Finnair (+1.0%) rose after Senior VP Sales and Marketing Mika Perho stated the carrier's Asian strategy is "working very well and is creating many opportunities for us". Finnair has confirmed plans to increase the number of direct services to Seoul, Nagoya, Osaka and Delhi from the end of 2010.
Wataniya Airways, subsidiary of Kuwait National Airways (+1.2%), announced the launch of Beirut-Vienna service from 31-Oct-2010.
NAV CANADA reports that its traffic for the 12 months to 31-Aug-2010 fell by 0.8% year-on-year. The air navigation service provider measures traffic in weighted charging units, composite measure that takes into account the number of flights, aircraft size and distance flown in Canadian airspace.
American Airlines (+2.2%) was among the few gainers for Tuesday (19-Oct-2010) following news AMR Corp reportedly hired investment bank Evercore Partners Inc and consultant Bain & Co to examine options for its American Eagle regional unit. The evaluation process is likely to take more than six months...
Jetstar Group CEO Bruce Buchanan stated the airline is still looking into other airport options in northern Australia, despite the Qantas Group recently reaching a new pricing agreement with Darwin International Airport. According to Mr Buchanan, Darwin is one of the carrier’s most expensive airports...
Mexico’s Grupo Aeroportuario del Centro Norte (OMA) (-0.7%) shares fell slightly on Tuesday (19-Oct-2010) after reporting the following financial highlights for the three months ended 30-Sep-2010:
Shares in AirAsia gained 4.7% as the carrier reported a 12.4% increase in passenger numbers to 4.0 million in the three months ended Sep-2010. Thai AirAsia handled 1.4 million passengers in the period (+8.8%) while Indonesia AirAsia handled 1.1 million passengers (+8.3%). Load factors for the three...
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...
For a variety of reasons Dublin Airport’s annual passenger traffic may have fallen from 24 million to 18 million over the last three years, but it still dominates the entire Irish aviation landscape, with its influence spreading into Northern Ireland. Amidst arguments over the efficacy of public service...
The strong growth at UAE airports continues, with Dubai and Abu Dhabi leading the way. The UAE General Civil Aviation Authority (GCAA) reports that air traffic movements in the country grew at an “unprecedented” rate of 12.8% year-on-year over Sep-2010, with 52,691 aircraft movements in the month...
Ryanair (+0.9%) gained on Wednesday (20-Oct-2010) after CEO Michael O'Leary ruled out launching a third bid for Aer Lingus (+0.5%), but stated he would be “willing to sit down with any rival interested in buying the airline” should it want to acquire Ryanair's near 29% stake in the carrier. Despite...
After the Southwest-WestJet codeshare plans went under and, with many expecting WestJet’s US partner to be Delta, American Airlines slipped in to interline with the Canadian LCC. As with JetBlue, WestJet is building its future on strong partnerships. During the summer it announced its agreement with...
Air Arabia Maroc, subsidiary of Air Arabia (-1%), announced plans to launch four times weekly Casablanca-Tripoli service from 31-Oct-2010.
American Airlines, US Airways and Delta Air Lines all made significant gains on Thursday (20-Oct-2010) after their financial results for the three months ended 30-Sep-2010 beat analyst expectations.
In the end, the International Civil Aviation Organisation emerged reasonably well as the focus of aviation’s climate change policy at last month’s 37th Assembly. Most airline bodies expressed support for adoption of what was a comprehensive Resolution to reduce aviation emissions. ICAO called the...
Boeing's shares gained 3.4% in trading yesterday, as the company reported better than expected results, earning USD837 million for 3Q2010 on revenue of USD16.8 billion.
US LCCs were standout performers on 20-Oct-2010 as Wall Street recovered losses from the previous days trade after a positive outlook from the financial sector and another batch of strong corporate earnings, led by major American airlines. The S&P500 was up 1.05% for the day. JetBlue (+6.8%), Southwest...
China’s Shanghai Pudong Airport shares fell by 1.6% to 14.51 yuan on Wednesday (20-Oct-2010). On the same day the authority announced its passenger numbers surged by 36% in Sep-2010.
Shares in Southeast Asia’s largest LCC AirAsia gained 5.3% yesterday after MIDF Research revised its full year earnings upwards by 26.9% and placed the LCC’s shares on a ‘buy’ call with a target price of MYR2.88.
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...
French aerospace group Safran's shares closed 5.5% higher, following the company’s better than expected 3Q2010 result. The company’s revenue rose 8.8% in the quarter, mostly as a result of acquisitions, although its aerospace propulsion business – accounting for more than half of total revenue...
