The overall numbers may be small, but the growth in seating capacity is spectacular from Europe to a number of emerging markets around the world this summer. Headlining this list is Slovenia, Tajikistan and Georgia in Eastern Europe; El Salvador, Panama and Colombia in Latin America; Rwanda, The Gambia...
Turkey and Russia are rising up the rankings of Europe's biggest domestic air travel markets this summer, thanks to strong increases in planned airline capacity. Reflecting capacity cutbacks and a weak economic environment, the UK has tumbled two places to now rank as Europe's sixth largest domestic...
Air New Zealand announced it has unwound equity swaps in Virgin Blue Holdings and taken ownership of an additional 0.8% of Virgin Blue shares. The transaction returns Air New Zealand's holding in Virgin Blue to 14.99%. Shares in Virgin Blue dropped 6.1% on Wednesday, hitting a seven-month low. Air New...
The outlook after the Japanese earthquake was still not entirely clear this week even as Narita International Airport Corporation stated all operations at the airport had returned to normal, and Delta reported it was operating its “normal” 40 flights a day to Japan.
The events in Japan have had a “major impact on regional travel and tourism flows”, Association of Asia Pacific Aviation (AAPA) Director General, Andrew Herdman has said. He noted that Japan represents 6.5% of worldwide scheduled air traffic and accounts for a fifth of traffic within the Asia Pacific...
Asia Pacific airlines witnessed some “moderation” in passenger and air cargo demand growth in the first two months of 2011, according to the Association of Asia Pacific Airlines (AAPA). The industry body warned that despite a positive start to 2011, the outlook for the industry is “clouded”...
Wataniya Airways, which ceased operations this on 16-Mar-2011 month, reported a loss of KWD14.1 million (USD50.9 million) and stated its Board has proposed that no dividends be distributed for 2010. Parent Kuwait National Airways has requested the Kuwait bourse halt trading of its shares.
Shares in Finnair dropped 8,3% in trading yesterday, as the company's CEO Mika Vehviläinen stated he expects first quarter profits to weaken due to the natural disaster in Japan and conflicts in the Middle East and North Africa.
Philippine LCC Cebu Pacific reported a full-year 2010 operating profit of USD147.6 million and net profit of USD158.4 million, more than doubling its results from 2009. The carrier's passenger numbers rose 19.5% while revenue increased 25%. Shares in Cebu Pacific eased 0.1% yesterday, on a generally...
Singapore-based and London Stock Exchange-listed Avation PLC shares rose 7.6% in trading yesterday, on a positive day for most leasing stocks. The company leases commercial passenger jet aircraft which are leased to various airlines in Europe, the US and Australia.
Airbus' Very Large Aircraft (VLA) offering, the A380, has had a turbulent few months, coming back from a damaging engine blowout and gaining, and losing, some key customers in important markets, as we review in the first of a two-part series on VLA programmes.
Delta Air Lines CEO Richard Anderson stated the carrier’s operations in Japan are returning to normal and it is now operating about 40 flights a day. The carrier is taking a careful approach to Asia at the moment, because of the effects on demand stemming from the Japanese earthquake and tsunami.
Bombardier, Embraer and Honeywell have announced a number of deals in China, related to the country's booming aerospace industry and the development of its first indigenous large commercial aircraft, COMAC's C919. Shares in Honeywell gained 1.1% in trading yesterday, while Bombardier shares rose 1.9...
Air New Zealand, in its Feb-2011 traffic release, stated group-wide yields for the financial year to date (eight months to Feb-2011) have increased 1.9% year-on-year. Short-haul yields are down 2.3% partly due to the new 'seats to suit' product while long-haul yields have improved by 5.5%. Removing...
In the first of a new series of reports on the world's Top 30 airports, we review the key statistics behind the busiest of them all: Atlanta Hartsfield-Jackson International Airport. This series will utilise the tools and information now available on the CAPA profiles, providing readers access to vast...
Since the 2001 opening of Indian aerospace manufacturing to private participation, manufacturers of high-tech precision products have made significant investment to serve the aeronautical and astronautical requirements of the aerospace industry.
Austria’s Flughafen Wien Group reported a net profit of EUR75.5 million for 2010, supported by strong revenue growth of 15.8% in its airport business, which makes up nearly half of group revenue. IN 2010, revenue grew 6.4% year-on-year, although its ground handling business saw a 2.7% decline in revenue...
Shares in Dufry dropped 7.4% in trading yesterday, even though the company reported net profit more than tripled to EUR90.5 million. Revenue increased 9.7% year-on-year. Dufry's cash stockpile declined 80% during 2010. The company's outlook is for short to medium-term growth above 4-5% and it will seek...
The passenger variant of Boeing’s new Very Large Aircraft (VLA) offering, the B747-8I, took to the skies for the first time on 20-Mar-2011, joining its sister aircraft, the -8F in a lengthy programme of test flights. In this second of a two-part series on VLA programmes, we review latest developments...
JetBlue Airways has been upgraded from “hold” to “buy” by Soleil Securities, with the investment company forecasting that the increases in international fuel surcharges and the rise in domestic fares instituted by the company may more than offset the increase in fuel costs. Shares in JetBlue...
Turkey's Government is reportedly likely to sell down its 49.1% stake in Turkish Airlines in 2012. A method to conduct the sell-off has not been finalised but could reportedly be through a second public offering. Shares in Turkish Airlines closed 2.3% on Friday.
Shares in JetBlue hit an eight-week high as Soleil Securities raised its rating on the stock from hold to buy, projecting that fare increases by the carrier would outpace rising fuel costs. Shares in the carrier were up 5.1% on Friday, with US LCC stocks trading better through the day.
BOC Aviation reported a 22% year-on-year increase in net profit to USD168 million in 2010, with Managing Director and CEO Robert Martin commenting that the leasing company is well positioned for the upturn in the airline industry.
Embraer reported a net profit of USD122.7 million in 4Q2011, up 29.3% year-on-year, but this was not enough to prevent full-year net profit slipping 29%, to USD330 million. Commercial aircraft deliveries dropped 18% to 100 aircraft. Shares in the company slipped 6.4%. Embraer expects 2011 orders to...
The five major airports in the Greater Pearl River Delta - Guangzhou, Hong Kong, Macau, Shenzhen and Zhuhai - signed an MoU to strengthen co-operation and promote sustainable development of the airports in the region. Even if all five airports deliver on all of their planned expansions, they are not...
Shares in ground handling and media distribution company Menzies gained 6% in trading on Friday, hitting a 33-month high. Shares in the company have gained 20% since it reported its 2010 results, which beat analysts expectations. Revenues improved 6% year-on-year to GBP1.96 billion, while pre-tax profits...
Travel retail and duty free operator Aelia has submitted an offer to The Nuance Group for its shares in Duty Free Paris, the joint venture company equally owned by Aéroports de Paris (AdP) and Nuance. Duty Free Paris operates at Paris-Charles de Gaulle and Paris-Orly airports.
Two of Canada’s leading airport operators, Toronto’s GTAA and Aeroports de Montreal, released their financial report for the year ending 31-Dec-2010. Both are not-for-profit corporatised organisations, typical of the halfway house privatisation that applies to most of the major Canadian gateway...
All Nippon Airways has estimated domestic passenger numbers declined 25% between 11-Mar-2011 and 21-Mar-2011 as the earthquake and nuclear crisis affected travel in Japan. International traveller numbers declined 15%. Shares in ANA were down 2.2% on trading yesterday.
The Centre for Asia Pacific Aviation (CAPA), www.centreforaviation.com, announced today it has launched a new free service that provides an interactive online database of economy, business and first class fares covering 1,500 of the world’s busiest city pairs. CAPA has signed an agreement with ITA...
