airberlin, Germany’s second largest carrier, has formally concluded a collective labour agreement with the German Vereinigung Cockpit (VC) pilots’ union over integration of LTU pilots into its operations and new cockpit rules, adding a third pilot on long-haul routes.
Profits for JetBlue in the fourth quarter were down USD2 million to USD9 million but increased from USD61 million to USD97 million for the full year, during which it took in record revenues of USD3.7 billion.
Share markets in Africa and the Middle East were generally lower last week, as investors continue to be wary of the trouble in Egypt and Tunisia. Most airline-related stocks showed little movement, with only Kenya Airways (-0.5%) and Lonrho (+2.8%) moving.
Fitch Ratings has downgraded its Issuer Default Ratings for the Boeing Company and Boeing Capital Corporation (BCC) from A+ to A. The downgrade is driven by the “continued cash flow impact from delays in the B787 and B747-8 programmes”.
Dutch aviation lessor AerCap slipped 3.7% in trading on Friday, with most other lessors also losing ground at the end of last week.
China’s Shanghai International Airport Co announced over the weekend it expects to report a better-than 50% year-on-year increase in net profit to CNY706.3 million (USD107 million) and basic earnings per share of CNY0.37 for the 12 months ended 31-Dec-2010.
Shares in Austrian food services supplier, DO&CO Restaurants and Catering, dropped 6.6% on Friday, slipping back a full EUR2 as European markets trended down at the end of the week.
Singapore Airlines Group reported an 58% year-on-year increase in operating profit for the third quarter of its 2010/11 financial year, with a result of SGD509 million. Net profit was SGD288 million, down 29% from the same period last year.
AirAsia Group - representing its Malaysia, Thai and Indonesian units - reported a 13.1% increase in passenger numbers in 2010 to 25.7 million, while load factor rose 3ppts to 78% as capacity, measured by seats flown, increased by 9.2%. The group's average stage length rose 6.9% to 1176km and its fleet...
Shares in Air Arabia fell 6.7% on Monday as markets in the Gulf remain nervous over the affect of the ongoing crisis in Egypt. The carrier launched a new hub in Alexandria late last year, operated through a JV with local Travco Group, the Middle East’s largest travel and hospitality group. The Dubai...
Chile's antitrust court, TDLC, has ordered a suspension of the merger process between LAN and TAM while it conducts an investigation of the competitive impact of the merger. The court ordered the suspension while it hears a petition filed by the National Consumers Corp, a consumer rights organisation...
Although the downturn in both passenger traffic and cargo volume from late 2007 led to a slowing of airport investment globally there have been signs latterly of renewed interest in new infrastructure investment. The Asia Pacific region is leading the world out of recession in respect of air transport...
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...
CAPA's latest research into the airport sector, Airport Capex Report Asia 2011, is a 10,000-word tabular report researched by David Bentley, Editor of Airport Investor Monthly and principal author of previous CAPA reports on airport privatisation and low cost airports & terminals. It is particularly...
Shares in Lagardere fell 3% in trading on Monday. The company’s French publishing business announced that it would sell the rights to 102 magazine titles in 15 countries to Hearst for GBP651million. Legardere's Services unit operates extensive airport retail outlets.
China’s CAAC reported Dec-2010 traffic in China rose 6% year-on-year, to 20.8 million passengers. Domestic traffic was up 5.3%, while international traffic volume rose 17.1%.
