Germany’s Fraport reported revenue rose 9.2% in 2010, as passenger numbers at its airport rose 8.9% and cargo traffic rose 22.6%. Traffic at its key Frankfurt Airport rose 4.1% and cargo was up 20.2%. The airport company's EBTIDA was up a 25% to EUR711 million, and net profit up 78% to EUR271.5 million...
Korea Airports Corp announced that Hotel Shilla Duty Free Shop has been awarded Section A and Hotel Lotte Duty Free Shop Section B in a tender to select operators of duty free stores at the Gimpo Airport’s international terminal. Section A is allotted for cosmetics and perfume and B for liquor and...
Several airports in north-east Japan have been affected by Friday’s devastating earthquake and tsunamis. None more so than Sendai Airport, which was flooded when the tsunami struck, and remains closed. Major gateways including Tokyo Narita and Haneda resumed normal operations on Saturday.
Asia Pacific airline shares finished the week lower, with the exception of Garuda Indonesia, which gained 6%. The Indonesian Government plans to request PT Jaminan Sosial Tenaga Kerja and PT Perusahaan Pengelola Aset purchase shares owned by the underwriters of the carrier’s IPO at IDR550 to IDR600...
Several airports in north-east Japan have been affected by Friday’s devastating earthquake and tsunamis. None more so than Sendai Airport, which was flooded when the tsunami struck.
On the eve of kicking off route expansions with British Airways and Iberia as part of its trans-Atlantic joint business, American has added Los Angeles-Shanghai to the oneworld route map, while Iberia will commence LAX-Madrid and British Airways will expand with San Diego-Heathrow.
Brazil's largest airline, TAM, has revealed it is in negotiations with Brazilian domestic carrier TRIP Linhas Aereas to identify opportunities to expand and strengthen their businesses.
Willis Lease Finance reported an improved performance in 4Q2010, helping salvage an otherwise less-than-spectacular performance for 2010. For the full-year, the engine leasing company's revenue dropped 1.4%, while total costs were up 9%.
Boeing stated the Japanese earthquake and tsunami may have affected some of its suppliers, including those for the B787 programme. More than a third of B787 parts are manufactured in Japan, and Japanese suppliers also provide parts for the B777 and B767.
Groupe Aeroplan's UK Nectar loyalty programme signed up easyJet as a partner, from the end of Mar-2011. Nectar members will be able to redeem their points for seats or combine them with cash payments on easyJet flights. Groupe Aeroplan shares eased 0.1% on Monday, while Multiplus shares were down 1....
Shares in most LCCs traded lower on Monday, reflecting the downward momentum of markets globally influenced by the earthquake crisis in Japan. Trading lowest was Vueling, down 4.9%. Shares in Vueling have dropped 15% over the past 30 days. Asian LCC shares were proportionally stronger, with SpiceJet...
Aegean Airlines has reported a 5% decline in passenger traffic and revenue in 2010, as the impact of the Greek recession and industrial activity affected the company's 2010 results. Domestic traffic fell 16% and EBITDA was EUR75.8 million, down a fifth from 2009. The carrier reported a net loss of EUR23...
1time Holdings is reportedly expected to report earnings per share between USD 0.1 cents and USD 2.5 cents and headline earnings of USD 20.0 cents to USD 24.0 cents for the 12 months ended 31-Dec-2010. The group’s 1time Airline subsidiary reported a 10% increase in revenue and a 7% increase in passenger...
Incheon International Airport Corp reported revenue increased 33% year-on-year to USD1.267 billion in 2010, the first time the company has passed the USD1 billion milestone. The company forecast a double-digit revenue increase in 1Q2011, thanks to strong passenger traffic growth at Incheon airport.
Sendai Airport resumed helicopter services at 7am on 15-Mar-2011 following a round-the-clock operation to clear away earth, sand and debris from the airfield after Friday’s tsunami. According to a Nikkei report, only rescue helicopters of the Japanese Defence Force, Maritime Safety Agency and police...
Three things are prompting a revolutionary change in the aircraft industry, according to AVITAS Senior Vice President Adam Pilarski, who kicked off the International Society of Transport Aircraft Traders conference in Scottsdale, Arizona. He cited the Bombardier CSeries aircraft and Pratt & Whitney’...
South Korea's Government announced it intends to privatise the loss-making Cheongju International Airport by the end of Jun-2011. The airport is operated by the Korea Airports Corporation, which saw its shares fall 2.5% on Monday, in a day of generally lower trading for airport shares.
Shares in carriers in North Asia tumbled when trading began this week, with Asiana Airlines down more than 10%, while shares in China Airlines, All Nippon Airways and Korean Air all fell heavily. Also down was Air New Zealand, which dropped 9%.
Airports Authority of India (AAI) in Feb-2011 stated it requires additional funding to keep pace with the fleet and traffic expansion expected in India over the next few years. AAI, which invested around USD265 million in modernisation projects in 2010, has also outlined the status of 14 greenfield...
Fraport, Aeroporti di Roma and TAV have released financial statements for the FY ending 31-Dec-2010. Three quite different private or partly private operators revealed how they fared in the year and in each case EBITDA increased notably.
The sharp falls seen in North American airline share prices eased on Tuesday, although shares were down almost across the board for airlines listed in the US and Canada. WestJet was down 2.6%, while Delta Air Line dropped 1.9%
Aeroflot is reportedly in negotiations with Norilsk Nickel, to sell its Nordavia regional unit, which operates services between Moscow and Arkhangelsk and Murmansk. The carrier operates a mixed fleet of older Boeing narrobodies and Antonov turboprops. Norilsk already has its own airline, Nordstar, which...
IATA’s Giovanni Bisignani has now put Brazil in the crosshairs and levelled yet another blast at a nation’s aviation infrastructure.
It’s official: Hong Kong International Airport (HKIA) is the world’s busiest cargo hub – ending Memphis International Airport’s 18-year reign at the top of the world rankings. HKIA’s rise to the top reflects surging exports from China’s Pearl River Delta, while Hong Kong-based Cathay Pacific...
Shares in Kenya Airways gained 5.5% in trading yesterday, on top of the 4.3% gains made on Monday. The carrier plans to conduct an IPO of subsidiary Precision Air in Apr-2011 and announced plans to conduct a capital raising.
Boeing expects widebody ordering to bounce back this year, after narrowbodies dominated its order book in 2010. Boeing Commercial Airplanes VP of sales, Marlin Dailey, stated the company expects the overall monetary value of orders to increase in 2011, with widebodies expected to account for 50% of...
Expedia is pushing its Asia Pacific focus in 2011 with a new advertising campaign in Australia and New Zealand, highlighting the fact that it does not charge airline booking fees. The company scrapped flight booking fees in the region in late 2009.
Willis Lease Finance Corporation signed a commercial aircraft agreement with BAE Systems under which BAE Systems Regional Aircraft’s Asset Management business will provide pre-owned aircraft acquisition, remarketing and lease management services to Willis Lease. The alliance is expected to broaden...
LCC shares showed mixed performance in trading yesterday, although most LCCs based in Europe and the Asia Pacific fell heavily, as global markets suffer from the after effects of the Japanese earthquake. The heaviest fall was at Cimber Sterling, down 7.4%. The Danish carrier added DKK10 to its fares...
Shares in airport operators had another day of heavy falls in trading on Tuesday, as most global indexes reported more declines. Vienna Airport shares were down 6.7%, the heaviest fall of the day, while Copenhagen Airport gave up 4.7%. Also down 4.7% was Auckland Airport. Air New Zealand, the major...
