© Centre for Asia Pacific Aviation. Global airport passenger traffic registered “excellent results” for Sep-2010 according to Airports Council International (ACI) which stated the month's traffic was the best monthly result so far in 2010.
© Centre for Asia Pacific Aviation. Canadian carriers Air Canada and WestJet blew their profits out of the water during the third quarter 2010 with 70% and 80% increases from 3Q2009. Even as they are celebrating their recovery, however, they are looking ahead at growing yield pressure in the face of...
© Centre for Asia Pacific Aviation. Chinese airline profitability continues to soar in 2010, reflecting the local economic boom, a rebound in air travel demand and a strong yuan. The Chinese airline traffic and earnings outlook is similarly robust, prompting observations from some industry participants...
© Centre for Asia Pacific Aviation. With three Nordic airlines releasing financials for 3Q2010, results were a mixed bag. Norwegian Air Shuttle surged with a complete set of positive results while Finnair made its first operating profit in seven quarters. But SAS is still cause for some concern despite...
© Centre for Asia Pacific Aviation. After reporting net income of CAD19.1 million for the third quarter, a 25% decline, on operating revenues of CAD3279.1 million, JazzAir Income Fund completed its conversion to a corporate entity after unitholders approved the conversion Tuesday.
Air Mauritius (2%) shares gained the most on Thursday (11-Nov-2010) and reported (11-Nov-2010) the following financial highlights for the three months ended 30-Sep-2010:
Copa Airlines (+1.0%) gained for Thursday (11-Nov-2010) as North and South American airline stocks ended trading mixed. Copa’s gains came ahead of releasing its 3Q2010 financial results. After trading, the carrier posted a 48.2% year-on-year rise in net income for the quarter, to USD63.9 million,...
© Centre for Asia Pacific Aviation. AviChina shares tumbled 5% in a generally bleak day for aerospace suppliers. Other companies to suffer large falls were Meggit (-4.7%), Rolls-Royce (-3.7%) – still dealing with its Trent 900 issues – and GKN Aerospace (-3.2%).
© Centre for Asia Pacific Aviation. Turkish Airlines was flat for Thursday (11-Nov-2010), despite reporting a net loss of TRY22.7 million (EUR11.6 million) in the three months ended 30-Sep-2010, despite a 19.8% year-on-year increase in revenue to EUR1294 million. The carrier transported 24.5 million...
© Centre for Asia Pacific Aviation. Citigroup Global Markets lowered its rating Thursday on shares of JetBlue Airways Corp on concerns that the airline’s stock is already trading at its fair price, which limits future growth possibilities.
Spain’s Abertis (-1.4%) revenue was up 6% in financial highlights reported for the nine months ended 30-Sep-2010:
© Centre for Asia Pacific Aviation. Shares in Thai Airways International rose as much as 9.4% to a four-year high on Thursday after the European Commission dropped charges against it relating to price-fixing. The decision will mean the carrier will be able to write back the large provisions it had...
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. Air Mauritius’ shares surged by more than 8% on Friday following the release of its financial highlights for the three months ended 30-Sep-2010 last Thursday.
Shares in EADS fell 4.5% on Friday as the company reported a profit of just EUR13 million from revenue of EUR11.25 billion. Operating profit was a more healthy EUR378 million, with the manufacturer forecasting that at current exchange rates Airbus will significantly improve its underlying profitability...
© Centre for Asia Pacific Aviation. LCCs shares ended mostly lower on Friday as wider global markets saw red. Risk aversion became key as major indices fell amid growing concerns about European sovereign debt and worries the Chinese central bank could again move to curb rising inflation.
© Centre for Asia Pacific Aviation. Republic Airways Holdings (+3.7%) was among the few North and South American airlines that gained on Friday (12-Nov-2010) after announcing the pricing of the public offering of 12 million shares of its common stock at USD7.80 per share. In addition, the underwriters...
© Centre for Asia Pacific Aviation. Turkish Airlines surprised investors by revealing a third-quarter loss on Thursday of USD22.7 million, related to fleet revaluations. Third quarter revenue rose in line with market expectations, surging 19.8% year-on-year.
© Centre for Asia Pacific Aviation. Airport Exchange 2010 in Istanbul brought together a broad church of industry luminaries to address the more pressing issues of the air transport sector. From regulatory issues and Single European Sky to modernisation and charging models, the event was billed as “...
© Centre for Asia Pacific Aviation. Chinese airports were sold down heavily on Friday as investors brace for further measures by Beijing to rein in inflation.
© Centre for Asia Pacific Aviation. Chinese airlines led the region sharply lower on Friday on concerns the central bank could move again to curb rising inflation.
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...
Commercial Aircraft Corporation of China Ltd (Comac) signed orders to sell 100 single-aisle C919 passenger aircraft to Air China, China Southern, China Eastern and HNA Group, parent of Hainan Airlines in addition to leasing companies GE Capital Aviation Services (GECAS) and China’s CDB Leasing at...
© Centre for Asia Pacific Aviation. Cathay Pacific stated it expects net profits for the 12 months ended 31-Dec-2010 to be "not be less than HKD12.5 billion (USD1.6 billion)" as demand for passenger and cargo services has "remained very strong with revenues at high levels". The anticipated result is...
Skymark shares soared 19.7% in Tokyo, after the airline announced it will use cash to purchase A380s. The shares gained JPY150 yesterday – the daily limit - to close at JPY910, paring back some of the sharp losses made on 09-Nov when the stock fell by the daily limit following the initial A380 order...
A competition between Lotus Racing team’s AirAsia CEO Tony Fernandes and Virgin Racing’s Sir Richard Branson has ended in a tie on zero points in this season’s Formula 1 series. But Lotus made better placings during the year, so Sir Richard loses a bet over who would serve whose passengers on...
SkyWest (+0.9%) gained in a day of mixed trading for North and South American airlines. The carrier rose after announcing the completion of its acquisition of ExpressJet Holdings, the parent company of ExpressJet Airlines. As a result of a merger transaction, ExpressJet Holdings has become a wholly...
GKN Aerospace shares gained 3.6%, following a 3.1% gain on Monday. The aerospace company’s Oct-2010 outlook update was positive, with aerospace expected to have a strong fourth quarter as sales delayed during the summer shut-down are recovered over the balance of the year.
Comair (0%) confirmed it has secured the preliminary commitment of US government-backed financing for its new fleet of B737-800 aircraft. The credit guarantee, which will cover all eight aircraft, was secured via the US Ex-Im Bank. Erik Venter, Joint CEO of Comair stated the company’s ability to secure...
easyJet (+1.3%) gained on Monday (15-Nov-2010) ahead of the release of its 3Q2010 financial results on 16-Nov-2010. The LCC is reportedly preparing to declare its first dividend with the small, regular dividend alongside the results.
