IATA, in its Jan/Feb-2011 Airlines Finance Monitor, stated airline equity prices worldwide, as measured by the Bloomberg global airlines index, have lost 6% so far this year. This compares with a 4% gain in the FTSE Global All-Cap Index. This follows a strong outperformance by airline stocks during...
Precision Air stated it expects to list on the Dar es Salaam Stock Exchange (DSE) in Mar-2011 or early Apr-2011. The carrier will disclose details on the price range and how much it plans to raise from the IPO after receiving regulatory approval in the next few weeks. The share sale will result in Kenya...
Air Partner continues to receive contracts from the UK Government for emergency relief, supplies and evacuation flights to help with the turmoil in the Middle East. The air charter specialist has arranged evacuation flights for British nationals out of Egypt and is working closely with the British Government...
Boeing commenced change incorporation work on the B787, configuring and upgrading aircraft that are not part of flight test fleet to conform with standards established as part of the type certification efforts for the aircraft.
United Continental passenger numbers dropped 3.4% in February, although revenue passenger numbers (RPMs) eased just 1.1%, thanks to stronger traffic in North America and to the Asia Pacific. Shares in the carrier were up 4.7% on Monday on a mixed day for North American airline shares. Air Canada B Shares...
Shares in SAS group were up 1.9% yesterday, as the group's airlines reported a 6.4% increase in traffic for Feb-2011, to 2 million passengers. Average load factors eased 0.4 percentage points. The group's carriers are Scandinavian Airlines, Wideroe and Blue1.
Australian Infrastructure Fund reported "strong demand" across its portfolio in Jan-2011, with AIX-weighted passenger numbers up 9.8% in the month. CEO Jeff Pollock stated AIX’s Australian airports, which comprise 83.5% of the portfolio, were the key drivers of the strong performance, increasing 11...
China Eastern Airlines announced it plans to capitalise on the growth of travel in the Asia Pacific and China by expanding its fleet to 588 aircraft during the 12th Five Year Plan from 2011 to 2015. China Eastern expects to increase passenger volume by 10.2% and turnover by 12.1% p/a during the period...
Air China, with a market capitalisation of just under USD19 billion, stands head and shoulders above its global rivals on this measure. Singapore Airlines is a distant second, valued at USD12.7 billion. Such is Air China’s worth in the eyes of investors, the Beijing-based carrier is more valuable...
Italian national carrier Alitalia posted an improved set of full-year 2010 results on the back of recovering economic conditions and expansion into new markets. The re-born carrier saw an increase in passenger volumes and a greater increase in revenue as it continued restructuring and integrating key...
Despite the fact that airline labour groups in the US have made considerable concessions over the last decade, it fails to recognise that rising oil is as much a labour problem as it is a management problem, according to MIT Research Engineer Bill Swelbar, who said labour’s basic negotiating philosophy...
HNA Group Co Ltd, China's fourth-largest airline group and parent of Hainan Airlines Co Ltd and Hong Kong Airlines, ordered 48 aircraft from Boeing Co, Dassault Falcon Jet Corp and Gulfstream Aerospace Corporation at the Hong Kong Asian Aerospace Airshow on 07-Mar-2011.
Ryanair CEO Michael O'Leary confirmed that the carrier held talks with Russian and Chinese aircraft manufacturers about new aircraft, in a major departure for the airline. Ryanair operates a fleet of 265 B737NG aircraft and has only once operated aircraft from a non-US/European manufacturer, when it...
The Hong Kong Asian Aerospace airshow has proved a happy hunting ground for Airbus and Boeing, with both manufacturers announcing big orders. HNA Group member Hong Kong Airlines has signed orders for 32 B787s and six B777Fs while Boeing's new B747-8I has got a boost with five orders from Air China.
Share movements in listed aircraft lessors were subdued on Tuesday, with Aviation Plc the big mover, up 1.4%. Major news in the sector was ILFC's announcement of new narrowbody orders for 75 A320neos, 25 A321neos and 33 B737-800s. As part of the MoU with Airbus, the lessor cancelled its order for 10...
Shares in most US carriers rose sharply on Tuesday, led by an 11.8% jump in US Airways shares, as crude oil futures eased by nearly USD1 per barrel. Delta Air Lines shares rose 9.7%, with most US carriers up by more than 5%. Latin American airlines' shares also rallied but not as strongly. Copa and...
European airline shares had a mixed day in trading, despite the strong recovery seen in airline shares in the US, thanks mostly to an easing of crude oil futures.
Worldwide scheduled airline capacity increased 5% in Mar-2011, as it did in Feb-2011, while the number of flights increased 4% and the average number of seats per aircraft increased 1.3%. The total number of seats grew to 319.1 million and flights to 2.6 million, according to OAG.
Aviation and newspaper distribution group John Menzies shares rose 7.7% in trading on Tuesday, as the company reported strong 2010 results. Overall revenue rose 6% year-on-year, to GBP1.96 billion. Underlying profit rose 28% to GBP45.0 million, while pre-tax profits increased from GBP22 million to...
Autogrill shares fell 5.1% in trading on Tuesday, with the company's 2011 outlook raising flags with investors. Autogrill CEO Gianmario Tondato Da Ruos stated the company plans to grow through acquisitions and is targetting small deals.
Chinese airline and tourism company HNA Group has reportedly expressed an interest in acquiring a 10% stake in Ferrovial's BAA Airports unit. Ferrovial plans to sell a 10% stake in BAA with non-binding offers expected in 1H2011. The company has reportedly valued the stake at GBP300 million. HNA is China...
Lower oil prices and a stronger Indian stock prices have renewed some investor confidence in Indian airline stocks. Spicejet shares gained 7.9%, the largest single day gain for a week, while Kingfisher Airlines shares rose 4.9% and Jet Airways shares were up 3.8%.
Indian airlines, recovering from the economic crisis, received a setback in the Union Budget for 2011-12 due to a proposal to raise the service tax on domestic and international air travel. However, while the increased tax burden will increase the cost of travel it is unlikely to have much impact on...
The first part of this report on airline market capitalisations, suggested the world’s airlines are today worth approximately USD570 billion, based on the current market caps of listed airlines and the global fleet as a basis for extrapolation.
Shares in Kuwait National Airways, parent of Kuwaiti carrier Wataniya Airways, dropped 8.2% in trading on Wednesday, against the upward trend on the Kuwaiti Stock Exchange. Late last week, the carrier launched a tourism initiative to encourage travel to Egypt following the revolution in Jan-2011. Shares...
After strong share gains earlier in the week, most US airline stocks dropped back in trading on Wednesday. Falling the furthest was US Airways, down 3.8%. The carrier announced plans to distribute USD47 million to its employees through its profit sharing scheme, after reporting a net profit of USD502...
ALAFCO shares have bounced back 4.6% as the Kuwaiti Stock Exchange continues to recover. The KSE weighted index was up 2.3% in trading yesterday, with ALAFCO among the strongest performers.
European aerospace giant EADS, the parent of Airbus, reported a net profit of EUR553 million, reversing the EUR763 million net loss in 2009. Revenue rose 6.8%, to EUR45.7 billion, while the company's order book rose 15% to EUR448.5 billion. The manufacturer expects 2011 EBIT before one-off to remain...
Flybe is taking legal advice to defend its right to operate Guernsey-Manchester service. The Guernsey State Commerce and Employment Department barred the carrier from the route, following a recent a review of all Guernsey air transport licences. No reason for the suspension has been given. Flybe shares...
Lufthansa reported a preliminary revenue increase of 22.4% year-on-year to EUR27,300 million and a 574% surge in operating profit to EUR876 million in 2010. The carrier also returned to a net profit at EUR1100 million, compared with a loss of EUR34 million in 2009. Shares in the carrier were up 2.7%...
