Shares in major defence suppliers rose yesterday, with UK-based BAE Systems gaining 2.1%, Lockeed Martin up 2% and Boeing gaining 1.1%. Also improving were Honeywell (+1%) and Pratt & Whitney and Safran, which both gained 0.9%.
Austria’s Vienna International Airport (-0.1%) reports (14-Dec-2010) the following traffic highlights in Nov-2010:
Thai Airways shares declined 3.7% yesterday. On the same day, Thai Airways President Piyasvasti Amranand stated its economy-class bookings are trailing corporate bookings due to the effect of the country’s political instability in Apr-2010. Mr Amranand added group tours and the conference market are...
The satellite revolution in US air traffic control could be more costly than previously realised. A recent report by the US Government Accountability Office (GAO) has highlighted a US FAA Joint Planning and Development Office (JPDO) estimate that suggests the cost of full implementation of NextGen could...
The Indian Government this month has mounted pressure on airlines to reduce fares and publicly make them available on a sector-by-sector basis after fares rocketed after Diwali, especially for last-minute or spot tickets.
India’s Minister of Civil Aviation Praful Patel announced Chennai Airport was the most profitable airport among the 19 in the South of India under the Airports Authority India in FY2009 ended 31-Mar-2009. The airport reported a profit of USD87.1 million in FY2009 (based on the conversion rate of USD1...
Airbus releaseD an updated Global Market Forecast, adding another 900 aircraft to its 20-year demand outlook, raising the total to almost 26,000. The company believes that, dynamic growth in emerging markets, the strength of low-cost carriers particularly in Asia and further market liberalisation and...
Shares in US LCC Allegiant dipped 3.6% yesterday, as investors took a breather after several weeks of solid gains.
The Australian Competition and Consumer Commission today issued its draft determination which would authorise an alliance between Virgin Blue and Etihad. Under the alliance, Virgin Blue and Etihad plan to cooperate on joint pricing and scheduling of services across their networks. The alliance will...
The Australian government has announced a Productivity Commission (PC) review of airport pricing, investment and services as part of a public inquiry into the economic regulation of major Australian airports that was announced earlier in the year. This brings it forward by more than a year. The announcement...
Southwest Airlines, the US industry leader in on-time arrivals since record keeping commenced in 1987, has slipped to eighth in the 12 months to Oct-2010 as it expands at congested airports such as New York LaGuardia and operates with record load factors. As a result, the carrier’s turnaround time...
Canada’s two largest airlines, WestJet and Air Canada, both reported increased passenger traffic and capacity in Nov-2010 with the largest gains being witnessed by WestJet with traffic (RPMs) growth of 17.9%. This represented the 15th consecutive month of traffic growth for the Canadian LCC.
The relative health of the UK and Chinese economies could not be more clearly illustrated than by the performance of their major gateway airports. In early Dec-2010, Beijing Capital International Airport welcomed its 70 millionth passenger for the year. In doing so, it has become the world's second...
Boeing CEO Jim McNerney stated the company will be able to determine a new production schedule for the B787 in the “next few weeks” as it works with the Federal Aviation Authority on a fix for the aircraft, according to a Reuters report.
Shares in Spanish LCC Vueling gained 2.3% yesterday as the carrier announced further operational cooperation with Iberia covering its Sao Paulo and Miami services connecting over Barcelona El Prat Airport from Mar-2010.
European airline shares were mostly lower yesterday, led down by Air France-KLM which fell 2.7%.
CAPA has many valuable developments in store for you in 2011. We’d like to take this opportunity to thank you, our Members and readers, for your continued support in 2010 and highlight some of the plans we have for the year ahead.
US airline shares were down across the board yesterday – with the exception of Alaska Airlines, +0.4% – as the broader market pulled back after a strong recent run of gains on fresh European sovereign debt concerns.
The Australian Competition and Consumer Commission has made a grudging strategic withdrawal from its previous tentative denial of the Virgin Blue-Air New Zealand trans-Tasman alliance application.
Leading Asia Pacific airports continue to report very healthy traffic volumes.
Cathay Pacific’s shares tumbled 7.2% yesterday amid broad weakness on the Hong Kong Stock Exchange, which fell the most in three weeks.
flybe, Europe’s largest regional airline and the UK’s largest domestic carrier, has raised up to GBP66 million from its much-awaited and delayed listing on the London Stock Exchange on 09-Dec-2010. The airline, like many others, has been intending to list for many years but plans had been deferred...
Air Arabia (0%) took delivery of its 19th A320-200 aircraft on 15-Dec-. The aircraft is powered by CFM56 5B4/3 engines.
American Airlines (+3.7%) was the biggest gainer on Thursday (16-Dec-2010) after announcing it expects fuel costs to be higher this year, but also expects a rise in passenger traffic. The carrier expects to spend USD6.4 billion of fuel this year, compared with USD5.6 billion in 2009. Passenger traffic...
Iberia (-0.5%) declined on Thursday (16-Dec-2010) after European airline shares ended the session with mixed results. The carrier declined after reporting a 0.4 ppt year-on-year slip on load factor to 77.4%. The slip was due to a 2.1 ppt decline in long-haul load factor to 80.2%. Domestic and medium...
Saudi-based LCC nasair is looking towards the possibility of an IPO as early as 2012 or 2013. The carrier, now Saudi Arabia’s sole LCC after the failure of Sama in Aug-2010, expects to move into profitability in 2011 and from there progress towards an IPO.
Southwest Airlines on 15-Dec-2010 stated it would substitute 20 of its B737-700 orders for the larger B737-800 equipment with the first delivery scheduled for Mar-2012. The acquisition of the new aircraft could pave the way for the domestic carrier to expand into the international market with its own...
Fitch Ratings' Dec-2010 outlook report for US airlines stated continued positive trends in passenger yields and unit revenue, linked to the steady recovery of high-fare business travel demand, are the critical drivers of credit quality improvements for the sector in 2011. The rating outlook for US airlines...
Jazeera Airways Group recently increased the capital of its fully owned leasing arm, Sahaab Aircraft Leasing, from KD20 million (USD71 million) to KD29 million (USD103 million) to "take advantage of new market opportunities". The move comes as the carrier looks to return to profitability, following...
France's Aeroports de Paris (+1.8%) reports (16-Dec-2010) the following traffic highlights in Nov-2010:
