Royal Jordanian (-0.7%) and JorAMCo completed (02-Nov-2010) a comprehensive cabin modernisation to the first of its four A340s serving North American destinations.
Embraer shares rose 3.5%. The company’s stock was upgraded from "underperform" to "buy" by Bank of America/Merrill Lynch, citing its dividend yield and lower cost prospects. Embraer commenced construction of two new factories in Portugal, part of an EUR168 million manufacturing investment in the country...
US airlines all gained yesterday as the NYSE Arca Airline Index reached a 52-week high. Wider North American markets seesawed due to an anticipated Republican victory and the Fed’s announcement it plans to inject USD600 billion into the US economy to kickstart economic growth. The Dow industrials...
WestJet (+4.5%) was the day’s strongest gainer after strong 3Q results and news that it plans to start paying dividends. The stock was among the most actively traded on the TSE after 760,000 shares exchanged hands.
Shares in UK aviation services and distribution group Dart Group rose 2.3% yesterday. The company, which control UK carrier Jet2.com, is due to release the interim results for half year ending 30-Sep-2010 later this month.
China's Beijing Capital International Airport shares rose by 6.1% on Wednesday (03-Nov-2010).
Australian shares rose throughout the day to close almost 0.5% higher climbing on the back of strong overseas leads with Westpac’s bumper annual profit extending the gains. Shares in Virgin Blue gained 3.6% yesterday while Qantas shares were up 1.4%.
Dubai’s Emirates has continued the astonishing run of profitability displayed by large carriers this reporting season, revealing a USD925 million net profit for the first six months of the financial year to 30-Sep-2010. The figure is a 351.2% increase compared with the USD205 million profit it reported...
The much anticipated Southwest-Volaris partnership has launched linking 20 Southwest cities to five points in Mexico now served by Volaris, the country’s second largest carrier.
Given the uncertainty surrounding the future of airlines worldwide, new drivers are changing how airline managements are evaluating their fleet needs, according to Boyd International Group President Mike Boyd. Speaking before the 15th annual International Airline Summit, Boyd said the most important...
In the wake of record-breaking third quarter results and strong 4Q indications, CRT Capital Group Michael Derchin and JP Morgan Analyst Jamie Baker are giving good marks to the prospects of the US airline industry in research notes. The most surprising item was Baker’s approval of American Airlines...
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...
Norwegian Air Shuttle reported a 21% year-on-year increase in passenger numbers in Oct-2010 to 1.27 million, compared to rival SAS’ 6.8% increase to 2.5 million.
With under two months to go, Etihad Airways is expecting its passenger numbers to top 7.3 million in 2010, representing a rise of 16% year-on-year, while cargo tonnage is expected to surge 20%. Average passenger load factor is expected to gain 2 ppts to around 77%.
Southwest Airlines and United Continental have commenced the October traffic reporting period on a solid note, showing healthy increases in passenger revenue per ASM.
Norwegian (+9.8%), Cimber Sterling (+4.6) and Virgin Blue (+4.5) were the strongest gainers on Friday, on a day’s trade which saw most major international indices strengthen. Major markets were buoyed by encouraging job growth figures out of the US, where the Dow closed at fresh two-year highs.
Aer Lingus is on track to deliver its first annual profit for three years, after reporting a creditable 35% increase in operating profits in the three months ended 30-Sep-2010 to EUR79.2 million, as yields across its slimmed-down network rose 12.5% year-on-year.
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...
Turkish state airport operator, DHMI, reports a 21.5% increase in passenger numbers at Turkey's major airports to 89.5 million in the first 10 months of 2010. The country’s airports handled 85.5 million for the whole of 2009.
(CAPA) - Rolls-Royce’s shares have fallen almost 9.6% since Thursday morning, 04-Nov-2010, following the explosion of a Trent 900 engine powering a Qantas A380 on a flight from Singapore to Sydney and the overheating of an RB211-524 engine powering a Qantas B747-400, also departing Singapore (ironically...
Qantas’ share price defied a week of turbulence in the air and the airwaves, closing the week where it started at AUD2.85 per share, easing 1% on Friday.
The US requirement that passengers transiting US hubs must get a visa to enter the US is stifling the ability of US global carriers to compete, leaving the door wide open for Canadian airports to become global portals for passengers transiting from the US and Latin America to Europe and Asia, according...
Leading European airlines British Airways, Air France, Lufthansa and Iberia all released financial reports for three and/or nine months to the end of Sep-2010. Common to all four is the return of the business traveller, especially on long-haul routes, vastly improved cargo revenues and a big jump in...
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...
© Centre for Asia Pacific Aviation. Amidst the turmoil surrounding the sale of London Gatwick Airport last year and the Oct-2010 Court of Appeal ruling that confirms the sale of Stansted Airport, it is often overlooked that Greater London and the southeast of England is home to at least seven commercial...
© Centre for Asia Pacific Aviation. The European airline market was battered by the global financial crisis, recording a combined loss of USD4.3 billion in 2009, according to IATA. Europe's tepid economic recovery, the ash cloud crisis, difficulties in cutting capacity and massive structural changes...
© Centre for Asia Pacific Aviation. UK Transport Secretary Philip Hammond authorised the appointment of Bank of America Merrill Lynch as an advisor on the government's sale of a minority stake in National Air Traffic Services (NATS). The appointment is to reportedly advise the government on its options...
© Centre for Asia Pacific Aviation. Ryanair has been cancelling or suspending services at a wide range of airports across Europe, including in countries where it is growing. Is there any discernible strategy here or is it no more than coincidence, as a result of too many disagreements with airports...
© Centre for Asia Pacific Aviation. Skymark Airlines has announced a surprise ‘basic agreement’ with Airbus for four A380s with options for two more. With the agreement, Airbus has gained a foothold with its flagship aircraft in a key market where Boeing has long enjoyed a near-monopoly. Skymark...
Japan’s airport sector is undergoing a once-in-a-generation structural transformation, as fresh capacity at Tokyo-area airports open up new opportunities for market liberalisation. New aircraft technologies, such as the B787 and A380, as well as new airline business models (namely the expansion of...
