Conflict is brewing in the US over new Transportation Security Administration (TSA) procedures, and airline crew – usually most vocal in support of effective security screening - are the strongest critics. Thanksgiving might see a boilover.
Airports of Thailand (-0.7%) reported pax traffic was up 5.5% in traffic highlights for Oct-2010:
Skymark Airlines shares soared 19.7% to JPY910 yesterday for the largest gain since 04-Nov-2009, the gain of JPY150 representing the daily limit.
As one of the oldest airlines in the world reaches a milestone, it is its youthful low-cost offspring, Jetstar, that offers a launchpad for the group’s future, along with a frequent flyer programme that any business would leap through burning hoops to own. And there’s still some life in the old...
Premium traffic rebounded further in Sep-2010, increasing 12.1% year-on-year, although they still remain below pre-recession levels, according to the International Air Transport Association (IATA). IATA added that it expects the recovery in premium traffic to continue into the final quarter of the year...
Kenya Airways (0%) reportedly plans to double its services to India following the approval of a request from Kenyan Prime Minister Raila Odinga, for the Indian Government to allow Kenya Airways to launch direct Nairobi-New Delhi and to also help the carrier increase the number of Nairobi-Mumbai services...
TAM (-1.7%) declined as Latin American markets fell for Tuesday (16-Oct-2010) despite the carrier announcing a massive improvement in net income, up 224.0% year-on-year to BRL740 million (USD426.8 million), for the three months ended 30-Sep-2010. Operating profit also improved, rising to USD405.5 million...
easyJet (-4.8%) led the decline in European airline shares on Tuesday (16-Nov-2010) despite beating analyst expectations for its FY2009/10 financial results. The LCC reported a net profit of GBP121.3 million for the 12 months, compared with GBP71.2 million in the previous corresponding period. Analysts...
EADS shares finished trading down 4.7% yesterday. The company is facing a new lawsuit on how it revealed delays to the A380 production programme and related falls in the company’s share price. A group of institutional investors is launching a civil case, seeking at least EUR800 million from EADS....
Almost all LCCs across Europe and North America ended the day down sharply, pacing the major markets in the US and Europe. US shares posted their biggest one-day drop in a month and European shares posted their biggest one-day drop in five, as concerns that China will move to curb growth and Ireland...
New Zealand’s Infratil revenue was up 11% in financial highlights released for the six months ended 30-Sep-2010:
Cathay Pacific CEO Tony Tyler stated the company’s overall expansion plan including the construction of a cargo terminal in Hong Kong would be funded through “traditional methods” of financing. Mr Tyler added that the carrier’s planned bonus package for staff would be funded by profits adding...
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 are a number of airport rail projects currently in the works in India (and also Bangladesh and Sri Lanka) as the nation attempts to improve access to airports and better cater for the needs of travellers.
Pakistan’s aviation industry has struggled in recent years due in large part to the poor performance of national carrier Pakistan International Airlines (PIA), which continues to be supported by majority owner, the Pakistani Government, as the carrier’s losses continue to flow.
In a substantial new initiative, Centre for Asia Pacific Aviation (CAPA), and Subramanya Construction and Development Company (SCDC), a Bangalore-based real estate developer, signed a joint venture agreement (1-Nov-10) to develop CAPA AeroPark.
Kingfisher Airlines, Jet Airways and SpiceJet, the three listed Indian carriers, reported improved financial results in the seasonally weaker 2QFY2011 (three months ended 30-Sep-2010) due to what Jet Airways labelled as “buoyancy” in the Indian domestic market, fuelled by faster economic expansion...
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...
The Chinese Government and the Central Military Commission recently approved the CAAC's Low-altitude Airspace Management Reform Guidance, which will gradually open low-altitude airspace across the country’s five aviation control areas by 2015. The move is part of the country’s plans to boost China...
Air Arabia, MENA’s first and largest LCC, has continued to report net profits throughout the global financial crisis with a record profit in 3Q2010 and has emerged from the crisis as one of the best positioned carriers worldwide. Jazeera Airways was also profitable in the third quarter after reporting...
JetBlue Airways announced two commercial agreements this week: an interline agreement with Emirates and an expanded relationship and frequent flyer reciprocity with American Airlines.
Mauritius’ SEMDEX Index rallied for a third day, climbing 0.7% by close in Port Louis, the highest since Mar-2008. Shares in Air Mauritius gained 0.6% yesterday.
North and South American airline stocks mostly made minor gains on Wednesday (17-Nov-2010) after United Continental Holdings (+0.6%) Chairman Glenn Tilton stated US airlines are projected to post USD4 billion in profits in 2010. Mr Tilton added that airlines "have come a long way" since the early and...
LCCs ended mixed on Wednesday 17-Nov-2010 after a choppy day’s trade across most major markets. NY-listed LCCs edged higher while those in the Asia Pacific region ended lower. Lingering concerns about news out of Ireland and China is keeping investors cautious.
Menzies Group shares lost 8.5% yesterday, the second consecutive day of decline, despite a trading update with a positive outlook for 4Q2010 and the company’s full-year results. The company’s shares hit a 36-month high early this month, before dropping 7.4% on Tuesday. Menzies’ management expects...
Air France-KLM (+2.6%) was the biggest gain in a day of mixed trading for European airlines on Wednesday (17-Nov-2010). The carrier gained after stating FY2010 earnings would be better than originally expected, due to recent strong sales and forward bookings.
Airport shares ended mixed, largely across geographies, on Wednesday 17-Nov-2010. Shares in European airports finished higher, pacing wider Euro markets, which recovered some of Tuesday’s heavy losses. In Asia, shares in airports finished trade mostly lower amid concerns Beijing may tighten monetary...
Chinese airline shares fell all over the board in Hong Kong yesterday as the US dollar strengthened, raising concerns a stronger dollar means more debt service for dollar-denominated liability, such as Boeing aircraft.
The Kuwaiti Government announced at the end of Oct-2010 it has awarded a number of new contracts to Indra to modernise the country’s air traffic management system. The contract is the latest in efforts by Gulf nations to develop their air traffic control infrastructure to ensure they can keep pace...
Despite the fact that oneworld’s current philosophy gives more importance to the individual member airlines, oneworld Managing Partner John McCulloch, told Centre for Asia Pacific Aviation that it is only a matter of time before member aircraft fly the oneworld livery.
