Merger costs weighed heavily on United resulting in a net loss of USD325 million for the fourth quarter although full-year results showed USD253 million in net income for a net margin of 4.8 per cent for the year.
Aircraft deliveries are set to accelerate in 2011, with more than 1,400 aircraft scheduled for delivery this year, up from 1213 in 2010. Fleet expansion will be led by Ryanair, Air China and Turkish Airlines, all of which will take delivery of more than 30 aircraft by the end of 2011, based on Ascend...
US Airways posted a net income of USD28 million for the fourth quarter to beat consensus and mark a very strong year for the company, according to Barclays Capital. For the year, it posted a profit of USD502 million for the year, compared with a USD205 million net loss last year.
After several lean years of ordering, 2010 saw a return to strong ordering by airlines and leasing companies. Commercial aircraft manufacturers recorded more than 2000 orders and commitments made by customers during the year, more than triple the amount in 2009. While production rates were generally...
Alaska continued its good results, achieving its goal of 10% return on invested capital and posting record net income of USD252.1 million compared with USD121.6 million in 2009. Its fourth quarter profit reached USD64.8 million, a dramatic swing from the USD24.1 million reported in 4Q2009.
Aer Lingus expects 10% of its schedule to be affected by a cabin crew dispute over rosters. It cancelled about two dozen flights on Wednesday. Ryanair, which holds a strategic stake of just under 30% in Aer Lingus, has provided five aircraft for the Irish carrier and will provide a sixth if required...
Shares in United Continental and US Airways surged 7.1% and 6.6% - their biggest one day gains since Oct-2010 - as fourth quarter earnings came in ahead of market expectations.
Kenya Airways' shares gained 0.5% yesterday (rising for the first time since 07-Jan-2011), as it lowered fares by 22% on the key Nairobi-Mombasa route to boost competitiveness on the sector, according to reports cited by Bloomberg.
Boeing's shares dropped 3.1% yesterday as it reported an 8.2% decline in 4Q2010 profit. Investors were displeased with the aerospace giant's 2011 profit forecast, which came in well below consensus expectations.
The world's listed low-cost carriers (LCCs) reported a mixed day's trade on Wednesday, shen oil price futures rebounded USD1.14 in New York to USD87.33 per barrel following six consecutive daily falls.
Abu Dhabi-based leasing company Waha Capital, announced a 15% increase in full year net income to AED249 million in 2010.
Airport supplier stocks were mixed on Wednesday. Korea's Lotte Shopping closed 4.1% lower, while Italy's Autogrill rose 1.2%, extending gains after Mediobanca Securities lifted its price estimate on the company earlier in the week.
Dubai International Airport reported a 15% increase in passenger numbers in 2010 to 47.2 million, reflecting improvements in the global economy, Emirates' ongoing expansion and the commencement of more routes to/from Dubai. Some 22 routes were launched in the past year by several new airlines to the...
The Indonesian Government has set flag carrier Garuda Indonesia's IPO price at IDR750 per share - at the low end of the IDR750-1100 initial range and slashed the shares on offer from 9.4 billion to 6.3 billion. The carrier will raise USD526 million from the sale of 26.67% of its equity, or less than...
Covering topics from aviation regulation and taxation to climate change, a one-day conference in London this week drew opinion from the highest flyers in the industry. But one enduring theme prevailed, that the new UK Government has done little to prove it has a concrete strategy at all, let alone when...
Airline shares in the Middle East were mixed on Thursday.
Morgan Stanley analyst Heidi Wood stated she believes Airbus' A320neo aircraft will compel Boeing to reveal plans for a new narrowbody by June. According to the analyst: "Airbus could announce between 500-1,000 new [A320neo] orders by the Paris Air Show [in Jun-2011], which adds pressure for [Boeing...
JetBlue fell 1.2% amid high trading volumes as the carrier's 4Q2010 profit disappointed the market, falling 18% to USD9 million, due to rising fuel, maintenance, labour and promotion expenses.
In an announcement that disappointed both parties, Aegean Airlines and Marfin Investment Group (Olympic Air), the European Commission denied their request to merge.
Willis Lease Finance Corporation, a lessor of spare commercial aircraft engines and aircraft to commercial airlines, announced the recent completion of three transactions that have bolstered its liquidity by approximately USD45 million and reduced its overall cost of funds.
airberlin's shares slid 4.3% yesterday as the carrier stated it expected to report a full-year loss before interest and tax in 2010 due to adverse weather conditions and strikes.
GVK Power and Infrastructure Ltd has signed MoUs to develop two new greenfield airports at North Bali and Yogyakarta in Java, Indonesia.
JCDecaux SA, the second largest global outdoor advertising company and largest in worldwide transport advertising, reports revenues surged 22.5% in 2010 to EUR2.35 billion, reflecting a "good 9.1% organic revenue increase as well as the strong contribution from the recent Wall and Titan acquisitions...
What had been skirmishes between American Airlines and Online Travel Agencies (OTA) escalated when Sabre unilaterally began biasing against American’s domestic flights. The airline immediately won an injunction against Sabre’s move.
The history of Cyprus Airways is, for the most part, tied to politics. More recently, the demise of two carriers – in northern Turkish Cyprus and the south – and a marked drop-off in tourism to the island have pushed economics ahead of politics as a primary concern.
SpiceJet's shares slumped 7.4% yesterday - its biggest single-day decline since 09-Dec-2010 - as the airline outlined plans to boost capacity by approximately 40% this year after gaining fresh investment from billionaire Kalanithi Maran.
Singapore Airlines is expected to report 3QFY2010/11 net profit of SGD371 million, from SGD403.7 million (USD315.4 million) in the corresponding period last year, according to a Dow Jones Newswires poll of five analysts.
Asia Pacific full service airlines recorded a strong rebound in traffic demand in 2010, bolstered by robust economic growth in Asia and an overall improvement in global economic conditions. “Robust” demand was seen for leisure and business travel, according to Association of Asia Pacific Airlines...
Europe’s largest LCC Ryanair reported an unexpected but slightly reduced third-quarter net loss of EUR10.3 million, blaming a series of ATC strikes/walkouts and bad weather in the quarter for the result. Ryanair CEO Michael O'Leary called the third-quarter loss "disappointing, as we were on track...
Despite posting significant profits for the final quarter of 2010, shares in JetBlue and US Airways plummeted 8.1% yesterday, as US markets finished the week generally weaker, with falls on the Dow, NASDAQ and S&P indexes. Other carriers that reported share declines included Southwest Airlines (-6.1...
