The sudden and surprising news that Reinhard Kalenda, the CEO of Germany’s Hochtief AG airport division, Hochtief AirPort, had resigned from the company with immediate effect on 30-Dec-2009, again directs attention on to an organisation that has been making news for the wrong reasons during the latter...
North and South American carriers’ stocks continued to suffer on the final day of trading for 2009 (31-Dec-2009), following the failed terrorist attack on a Northwest service from Detroit via Amsterdam earlier in the week. As a result, the AMEX Airline Index fell 0.32%, not helped by a decline in...
Shares in Chinese airports remained mixed on 31-Dec-2009 with Shanghai Airport (+2.9%) and Beijing Airport (+2.4%) leading the charge, while Hainan Meilan International Airport lost ground, declining 1.9%.
AirAsia’s shares gained 2.2% on 31-Dec-2009, ending the year with share price growth of 57% in 2009.
Airline share prices moved modestly in light New Year trade on Friday, with scattered European markets open for trade. Shares in Aegean Airlines (+4.4%), Aer Lingus (+3.2%) and Air France-KLM (+0.7%) were among the gains.
Boeing’s latest update to its orders and deliveries website revealed what must be a pleasing end to 2009 for the US manufacturer. Not only did All Nippon Airways order five B767s and five B777s but “Unidentified Customer(s)” also placed orders for 24 B737s and 11 B787s.
2009 was a very difficult year for the global airline industry in 2009, with IATA estimating combined losses of USD11 billion for the sector – or a loss of roughly USD4.95 per passenger from the 2.22 billion people that boarded aircraft around the world last year. However the stock market performance...
Malaysia Airlines’ (MAS) shares fell 6.5% on 31-Dec-2009 and closed the year down 9% (one of just three Asia Pacific airlines’ shares to have fallen over the full year of 2009) as investors respond to developments in airline’s strategy.
The controversy and confusion surrounding Japan Airlines has intensified over the New Year period, with the state-owned Development Bank of Japan committing to double its credit line for the beleaguered airline to JPY200 billion (USD2.2 billion) in a bid to stabilise the carrier while a rescue plan...
Airbus ended 2009 well, with at least 61 orders in Dec-2009, and the beginning of 2010 looks to be continuing in a similar vein.
North and South American carriers’ stocks were mixed on Monday (04-Jan-2010), with the majority of US carriers down as oil prices surged again, rising 2.2% to USD81.51 per barrel. The AMEX Airline Index rose only 0.5% as a result. The Dow meanwhile rose 1.5%.
The majority of European airline stocks moved upward yesterday, as the markets returned to full trade for the first time in the New Year with a strong start. The Paris CAC Index gained 1.78%, FTSE 100 rose 1.62%, while Frankfurt DAX was positive 1.31%.
World stocks (the MSCI's all-country world stock index) and European shares (the FTSEurofirst 300 .FTEU3 index) both rose to 15-month highs on the first day of 2010 trading, up 1.5% and 1.4%, respectively.
Shares in airports worldwide started the year on a positive note, with the majority of airports closing higher in trading yesterday, led by Mexican airport operators, GAP and ASUR, which soared 5.2% and 4.5%, respectively.
From Ron Kuhlman, with the Centre: “These precedent-setting enforcement actions involve consent orders that reflected a settlement by the carriers of violations alleged by DOT's Aviation Enforcement Office. They are the first enforcement orders punishing carriers for extended tarmac delays, as well...
Asian stock markets generally started 2010 on a positive note, with Japan's Nikkei 225 up 1.1%, Australia's S&P/ASX 200 gaining 0.2%, South Korea's Kospi Composite up 0.3% and Hong Kong's Hang Seng Index 0.3% higher.
Turkish Airlines is a rising force in the European and Middle East aviation industry, capturing the interest of investors, alliance partners and rivals. The fast-growing carrier is not only increasing its size at a time when the majority of its European counterparts are shrinking, but is profitable...
Cairo Airport (CAI) is one part of Egypt’s aviation sector that is centrally administered by the Ministry of Civil Aviation. The airport - along with others in the country - is part of the Egyptian Holding Company for Airports & Air Navigation, with CAI specifically run by the Cairo Airport Company...
Continental Airlines reported an encouraging set of traffic results for Dec-2009, with the smallest yield contraction in 12 months, and improved cash balances, traffic and record load factors.
Mesa’s bankruptcy filing yesterday was really no surprise, given its two-year spiral and the potential loss of two of its three partners. The 28-year-old company filed for Chapter 11 in the US Bankruptcy Court in the Southern District of New York yesterday morning and plans to restructure, promising...
Jetstar and AirAsia are claiming a world-first in the establishment of their new alliance centred on cost reduction and the pooling of expertise that aims to deliver cheaper fares for passengers of both carriers. The core of the agreement is a “proposed joint specification for the next generation...
Common in the US as a means of raising finance for airport infrastructure projects that aren’t wholly covered by FAA grants – although their value had been diminished by the imposition of the Alternative Minimum Tax until relief was provided last year – bonds are presently experiencing a resurgence...
North and South American airline stocks surged on Tuesday (05-Jan-2010), following reports of improved traffic by some US carriers, further encouraging investors who are hoping 2010 will bring improved airline performance as the economy recovers.
European airline stocks continued to climb yesterday - the second day of full trade in 2010. The London FTSE 100 gained 0.40%, the Paris CAC Index rose 0.22%, while Frankfurt DAX was positive 0.12%.
Airline shares were in positive territory yesterday, as carriers are reporting better-than-expected Dec-2009 traffic data (so far United Airlines, Continental, Alaska Airways and Allegiant have reported traffic results, with the remaining US carriers to report either this week or next).
Shares in Chinese airports, Hainan Meilan and Beijing Capital, soared 7.6% and 4.7%, respectively, as airports worldwide continued their strong New Year performance, despite ongoing security concerns.
Jetstar and AirAsia today confirmed plans to form a new “world-first” low cost airline alliance, centred on cost reductions and the pooling of expertise that aims to deliver cheaper fares for passengers of both carriers.
The A380 is entering its third year of commercial service, and, despite continued operational niggles and production difficulties at the manufacturer, the aircraft is a hit with both passengers and airlines. Its combination of exclusivity, large capacity and excellent efficiency have pleased Airbus’...
Japan’s two major airlines – Japan Airlines and All Nippon Airways – have featured prominently in the news of late, but very little is known about Japan’s low cost carriers, despite five LCCs operating in the market for most of last decade. They are mostly small and fairly fragile, but JAL's...
Virgin Blue repositioned itself as a “New World Carrier” in 2005, following the introduction of Jetstar by Qantas in May of that year, in a move to allow it to compete better against both Qantas and Jetstar in the Australian domestic market.
