Indian airline stocks declined on Wednesday as the Government intervened to curtail airlines from charging high fares for last-minute ticket bookings. Kingfisher shares slumped 7.3% following a 2.8% decline the previous day. SpiceJet shares were 1.8% weaker, following a decline of 2.3% the previous...
Spanish Prime Minister Jose Luis Zapatero – who two years ago indicated he would permit the partial privatisation of AENA and who has been fighting a rearguard action against trade unions ever since – came back with a second-round proposal on 01-Dec-2010, which would sell a 49% stake and the "licencing...
Lufthansa (-4.8%) slumped as European airline shares ended the session mixed again on Thursday (09-Dec-2010). The group was down after Morgan Stanley cut its rating of the carrier’s shares from "overweight" to "equal-weight". The analysts stated it sees few near-term catalysts to push the shares higher...
Brazil was one of five economies in South America without an open skies agreement with the US until Dec-2010 when the two countries agreed to a framework for an Open-Skies Aviation Agreement to significantly liberalise service between the two countries by Oct-2015. Staggering of the liberalisation over...
Vueling has, over the past month, announced plans to launch its first two international bases at Amsterdam Schiphol and Toulouse. The new bases represents a significant milestone in the company’s growth plan as Vueling enters a new phase of growth following the completion of its merger with clickair...
Following news last week that the Irish Government is considering scrapping its EUR10 travel tax, the government this week announced plans to reduce the tax to EUR3 per departing passenger as part of its 2011 Budget. The temporary reduction will be effective 01-Mar-2011 and will be reviewed again next...
Australia’s international traffic is on the rise with the Bureau of Infrastructure, Transport and Regional Economics (BITRE) reporting a 10.8% year-on-year improvement in international passenger numbers for Sep-2010, to 2.3 million. This follows strong month-on-month growth rates of more than 9% recorded...
Culture counts above all for US premium LCC JetBlue – and getting the ancillary strategy right is a big part of that.
North and South American airline stocks gained on Thursday (09-Dec-2010) after Fitch Ratings released its outlook for US airlines. According to the report, continued positive trends in passenger yields and unit revenue linked to the steady recovery of high-fare business travel demand are the critical...
The US International Trade Commission announced it plans to investigate the patent complaint filed by Pratt & Whitney against Roll-Royce over the design of Trent 900 and Trent 1000. P&W are seeking an order preventing the import of the engines - which power the A380 and the upcoming B787 – into the...
India’s SpiceJet slumped 8.6% in trade yesterday after the LCC announced it had placed a USD446 million order with Bombardier for 15 Q400 NextGen regional aircraft. SpiceJet also took options on another 15 Q400s, which could increase the deal to USD915 million if converted. Government intervention...
Kenya Airways (-1.1%) launched service to Nampula with the city becoming the second in Mozambique to be serviced by the carrier. The carrier plans to launch service to other African destinations, including Ouagadougou, N’djamena and Point Noire in 2011.
Population: 230 million. Air passengers: just 50 million p/a. Indonesia is an immense aviation opportunity. Predominantly domestic, Indonesia’s air traffic is primed for world-leading growth rates in the coming decade, fuelled by economic expansion and rising incomes, increasing trade and tourism...
Mexico’s GAP (-0.5%) reports pax traffic down 1.3% - traffic highlights in Nov-2010:
Shares in major Chinese airline stocks plunged on Thursday on speculation a high-speed rail network would eat into the carriers’ market shares. Air China led the slump with its share prices plummeting 6.1% in Hong Kong trading. Shares in China Southern (-4.9%), China Eastern (-4.1%), Hainan Airlines...
Jazeera Airways (-1.7%) stated (11-Dec-2010) it has continued to "capture a leading market share among all Kuwaiti airlines on the majority of routes it served" in Oct-2010, with the exception of the Kuwait-Jeddah and Kuwait-Riyadh routes, where it has lower seat-allocation restrictions compared to...
American Airlines (+0.2%) made a slight gain in a day of mixed trading for North and South American airline stocks on Friday (10-Dec-2010). American’s rise came following comments from Barclays the day before that the carrier has provided “encouraging” 4Q2010 mainline RASM guidance, in excess...
Shares in Aircastle jumped 6% at the close of trading on Friday, continuing the upwards momentum seen in the stock for most of December. Aircastle declared a 4Q2011 cash dividend on its common shares of USD0.10 per share and announced the appointment of J Robert Peart as CIO. Mr Peart, who will join...
Aeroflot (-3.9%) led European airline shares lower on Friday (10-Dec-2010) on news National Reserve Bank, owned by Russian tycoon Alexander Lebedev, sold a 4% stake in the carrier. Mr Lebedev agreed to sell 44.2 million shares in the airline for approximately USD2.50/share. This was reportedly the minimum...
Shares in Indian LCC SpiceJet fell a further 4.2% on Friday, taking the week’s losses to around 15%.
Germany’s Fraport (0%) reported (10-Dec-2010) the following traffic highlights in Nov-2010
Spain's Prime Minister Jose Luis Rodriguez Zapatero has unveiled plans to raise EUR9 billion through partial privatisation of airport operator, AENA. The government had previously planned to sell a 30% stake of AENA, now increased to 49%.
Kingfisher shares rebounded on Friday, gaining 8.9% following the previous day’s 10.1% slump. Also on Friday, Jet Airways’ shares gained 0.5%, following the previous days decline of 5.6%. SpiceJet shares were down 4.2% on Friday, following an 8.6% decline on the previous day.
Oman has announced it will adopt a new air traffic management system to complement the massive investment it is making in its airport sector. In late Nov-2010, the Oman Government confirmed it had awarded Spanish ATM and communications specialist Indra a USD105 million contract to develop and implement...
Negotiations between the EU and Russia over the latter’s entry to the WTO will result in a normalisation of bilateral air services agreements between EU states and Russia and an overhaul of the long-maligned Russian overflight rules and charges. Once Russia joins the WTO – potentially within six...
The outlook for the world’s airlines in 2010 and 2011 received a further boost with IATA again upwardly revising its 2010 outlook on an “exceptionally strong third-quarter performance” and a “stronger-than-expected cyclical rebound in airline profitability”.
Southwest Airlines (+0.3%) ended Tuesday (14-Dec-2010) slightly higher, despite the majority of North and South American airline stocks falling for the day. Southwest gained after American Antitrust Institute (AAI) Vice President Diana Moss stated the proposal from Southwest Airlines to purchase AirTran...
Nepal’s Civil Aviation Ministry reportedly rescinded an operation permit for Air Arabia to operate services between Kathmandu and Kuala Lumpur following concerns from Nepal’s International Relations and Human Rights Committee that the competition would hurt business for Nepal Airlines. Air Arabia...
Shares on Danish LCC Cimber Sterling rose 0.6% yesterday as the carrier slashed second quarter operating losses from DKK41.5 million in 2Q2009/10 to DKK2.2 million in 2Q2010/11, as revenue surged 29% to DKK547 million.
Aegean Airlines (-1.9%) was among the biggest falls in another day of mixed trading for European airline shares on Tuesday (14-Dec-2010). The carrier fell after cancelling all flights for 15-Dec-2010, due to a planned 24-hour strike by Greek civil aviation staff and air traffic controllers, as part...
