Shares in airport duty free, catering and retail companies were up across the board on Monday, led by a 6.5% increase in gategroup shares. Last week, the company reported a 2010 net profit of CHF50.7 million, up 35.6% year-on-year and expressed cautious optimism about its outlook for 2011.
As expected, Asian and Gulf airports performed best in 2010, according to Airports Council International (ACI) rankings of the world’s busiest airports, although there was some shift in relative standings. The 2010 ACI statistics provide clues as to the “busy-ness” of airports, but they don’...
Swire Pacific has invested USD12.1 million to buy an additional 5.05 million shares in Cathay Pacific, increasing its stake in the carrier from 73.0% to 73.1% on 11-Mar-2011. Swire Pacific Chairman Christopher Pratt has also announced that the company may increase its stake in Air China in the future...
Virgin Blue and Air New Zealand, which has a 15% strategic stake in Australia’s second largest carrier, both this month lowered their profit forecast for the current fiscal year, as rising fuel costs and a series of disasters affect airlines worldwide.
Wataniya Airways is expected to approve its financial results for 2010 within a week, while initial indicators show that the company will report a loss exceeding KWD13 million (USD43 million). The carrier suspended operations in mid-Mar-2011. Shares in Kuwait National Airways, the parent of Wataniya...
Share prices for European LCCs finished lower in trading on Tuesday, with airberlin down 3.7%, Flybe down 3.3%, easyJet dropping 2.6%, Norwegian down 1.3% and Ryanair closing 0.7% lower. The exception was Dart Group, which owns Uk LCC Jet2.com, which finished the day 1.2% higher.
Cebu Pacific plans to expand its fleet from 29 to 47 aircraft over the course of the next five years. Shares in European LCCs finished trading lower on Tuesday, on a generally negative day for LCC shares. In the Asia-Pacific region, Virgin Blue announced it expects to report an AUD30-80 million pre-...
Shares in US carriers closed lower on Tuesday, with sharp falls seen in American Airlines, US Airways and Allegiant Airlines shares. Executives from US airlines are attending the JP Morgan Aviation, Transportation and Defence Conference and have provided updates on their plans for 2011 and the outlook...
Saudi Arabian Airlines announced it intends to conduct the long-delayed IPO of its catering unit in 2Q2011 and are in the process of submitting to the capital market authority. The IPO was initially planned for 3Q2010 but the carrier is still in the process of submitting to the capital market authority...
Airservices Australia has committed itself to another international air traffic management optimisation programme, formally becoming a founding partner of the Indian Ocean Strategic Partnership to Reduce Emissions (INSPIRE), alongside the Airports Authority of India and Air Traffic and Navigation Services...
Online distribution and ticketing companies Amadeus, Expedia and Travelport have announced a number of new distribution agreements this week. Shares in Amadeus and Expedia eased 0.1% in trading on Tuesday.
Latecoere announced that it is considering three competing takeover bids. The French aerospace company manufactures doors for Airbus and Boeing passenger aircraft, but had net debt totalling more than EUR350 million at the end of Jun-2010. GKN Aerospace, China's AVIC and Fokker-Stork are reportedly...
Shares in China's Hainan Meilan International Airport Company jumped 6.4% on Tuesday. The company announced it has appointed its executive director Liang Jun as chairman, effective 21-Mar-2011. Shares in Hainan Meilan have declined nearly 18% for the year to date.
From volcanic eruptions and earthquakes to blizzards and floods, the world has been unsettled by a wave of natural disasters in the past year. Coupled with "man-made" events, such as the political unrest in the Middle East and North Africa, at what point will private operators decide that airport investment...
JetBlue has rejected the idea of hitching its star to a single global airline alliance, saying it would be too limiting. Having announced its latest partnership with Virgin Atlantic over Boston, New York and Orlando, Chief Commercial Officer Robin Hayes said its view on alliances would be different...
Southwest Airlines CEO Gary Kelly, reiterated at this week's JP Morgan Aviation, Transportation & Defense Conference that greater fleet diversity is likely, adding that Southwest would be looking at acquiring more aircraft types, mentioning both Airbus and the Bombardier CSeries.
US airlines took the opportunity of presenting at the JP Morgan Aviation, Transportation & Defense Conference to update investors on capacity plans for the first quarter and the year, although the United chart did not reflect the capacity drops planned post Labor Day at US Airways. Southwest, however...
Virgin Blue has updated its FY2011 outlook in light of recent increases in fuel prices and natural disasters in New Zealand and Australia and announced it expects to report a full-year pre-tax loss between AUD30 million and AUD80 million. Shares in Virgin Blue were flat in trading on Tuesday, as Chinese...
The UK budget and the decision to freeze the Air Passenger Duty for 12 months has not done UK airline stocks any favours, with shares in flybe, IAG, Thomas Cook and easyJet all down yesterday. The government has set aside proposals that the duty be replaced with a per plane duty and has delayed the...
Southwest Airlines confirmed that shareholders of AirTran have overwhelmingly approved the proposed acquisition of AirTran by the carrier. The transaction remains under review by the US Department of Justice and is subject to certain other regulatory clearances. Southwest anticipates the transaction...
Southwest Airlines confirmed that shareholders of AirTran have overwhelmingly approved the proposed acquisition of AirTran by the carrier. The transaction remains under review by the US Department of Justice and is subject to certain other regulatory clearances.
With only a year under its belt, FLY Leasing is working its way to become a worldwide aircraft lessor, according to CEO Colm Barrington, who spoke before the JP Morgan Aviation, Transportation and Defence conference yesterday.
CAPA recently presented the latest world airport rankings as posted by Airports Council International (ACI). There were some big changes at the top - Beijing is now second biggest behind Atlanta, while London Heathrow has fallen to fourth place. The rankings also showed the continued rise of airport...
Smart phones will have more and more of a place in hotel and airline bookings and the travel experience, with Expedia announcing the launch of a hotel booking app for Apple iPhone and iPod Touch, to be followed by an app for phones with an Android operating system later this year.
Increased aircraft production and the beginning of deliveries of the B787 and B747-8 this year may lead Boeing to increase its dividend in 2012 as its cash flow improves, according to Boeing CFO James Bell. Boeing has confirmed it is examining whether it is feasible to increase B737 production to 42...
Shares in leasing companies made minimal movement in trading on Wednesday. Avation PLC shares were up 1.4%, while Aircastle stock rose 0.6%. ALAFCO shares fell 1.4%, as Middle East markets remain fragile in the face of continuing social and political unrest in the region.
Shares in gategroup gained 3.6% in trading on Wednesday. Shares in the airline catering company have gained more than 10% over the past three days of trading, following its annual results announcement where it reported a net profit of CHF50.7 million, up 35.6% year-on-year.
In Apr-2010 while profiling US hubs, CAPA looked at Delta’s hub in Memphis (MEM). At that time we speculated that Memphis as a hub was vulnerable if reductions were to be made. Yesterday, Delta announced a 25% reduction in operations at MEM.
Germany’s HOCHTIEF reported a 50% rise in consolidated net profit for 2010, earning EUR288 million. Profit before tax was EUR756.6 million, up 26.8% year-on-year. For 2011, HOCHTIEF expects a pre-tax profit of around EUR1 billion and consolidated net profit of some EUR600 million for the current fiscal...
The airline industry has been starved of aircraft for several years because of production difficulties, according to Aircastle CEO Ron Wainshal, who spoke before the JP Morgan Aviation, Transportation and Defence conference, yesterday. He also said that aircraft bank financing is limited to new aircraft...
