All Nippon Airways is Japan’s the quiet achiever. Privately owned and mostly profitable, ANA has always been overshadowed by its more conspicuous competitor and flag carrier, Japan Airlines. A quarter of a century ago, while it was the largest airline in the world measured in passengers uplifted,...
The majority of North and South American carriers’ stocks were down on Friday (29-Jan-2010), moving with the wider market. The Dow (-0.5%) ended trading down, despite early gains on stronger than expected economic growth in the US in 4Q2009, growing at its fastest pace in over six years.
Royal Jordanian (+2.0%) was the only Middle East/African carrier tracked by CAPA to gain on Friday (+2.0%), despite the Amman Stock Exchange closing in negative territory for the second consecutive week, down 0.9%.
European carriers’ stocks were mixed on Friday (29-Jan-2010), despite gains in the European markets on data the US economy grew at a 5.7% pace in 4Q2009, a better than expected result, and the fastest climb in over six years. Also boosting the markets, banking shares recovered slightly, on better...
Kuwait National Airways (+1.9%) made the greatest gains of the region's airlines on Monday (01-Jan-2010), resisting a 0.2% slip on the Kuwait Stock Exchange Index.
North and South American carriers’ stocks surged on Monday (01-Feb-2010), pushed by gains in the wider market. The Dow (+1.2%) ended trading higher on improved energy stocks, thanks to better than expected results from Exxon Mobil, while materials stocks were also on the rise, due to a lift in metals...
President Barack Obama introduced his transportation budget yesterday, calling for a USD285 million increase in NextGen funding to USD1.1 billion. In addition, a USD1 billion NextGen capital programme is included in the budget. In more good news, the budget dropped last year’s plans to raise user...
European airline shares were up on Monday (01-Feb-2010) due to Ryanair’s better than expected third quarter financial results and an analyst upgrade on a number of carriers. Banking and insurance stocks, and gains on Wall Street, also pushed markets higher.
Airbus has increased list prices for its aircraft by 5.8% from Jan-2010, citing US dollar weakness and higher cost of materials and commodities.
Shares in Beijing International Airport Company dipped 1.6% yesterday, as the company announced plans to issue domestic corporate bonds today (02-Feb-2010).
IATA yesterday revealed that intra-Asia Pacific travel eclipsed North America as the world’s largest aviation market in 2009. Asia Pacific passenger numbers rose to 647 million; this compares with 638 million within North America last year. This massive global turning point happily coincides with...
The International Air Transport Association (IATA) yesterday stated intra-Asia Pacific travel had eclipsed North America as the world’s largest aviation market in 2009, for the first time. Asia Pacific travelers numbered 647 million, compared to 638 million within North America (including domestic...
Ryanair’s shares gained 7.2% after Europe’s largest LCC raised its earnings forecast, as a smaller than expected yield fall (a 12% reduction, rather than the up to 20% reduction previously guided) helped narrow the carrier’s third quarter loss to EUR11 million (compared with EUR119 million in...
Kazuo Inamori, Japan Airlines’ (JAL) new Chairman, completed his first day in the job yesterday, pledging to carry out the rehabilitation plan “swiftly and steadfastly”. While Inamori admitted he is a “total outsider” to the airline industry”, he promised to “use my expertise in corporate...
Middle East and African airline shares were mixed again on Tuesday (02-Feb-2009). In the Middle East, Royal Jordanian's (-4.6%) shares continued to fall, pushed lower by a 1.2% drop in the Amman Stock Exchange.
North and South American carriers’ stocks rallied on Tuesday (02-Feb-2010), pushed higher by Continental’s narrower than expected loss in unit revenue for Jan-2010. The AMEX Airline Index (+3.2%) ended trading up.
Continental reported an encouraging set of traffic results for January, with the smallest yield contraction in over 12 months, record load factors and improved traffic results.
European markets climbed for a third consecutive day, following gains in the mining sector. Also pushing the markets higher was euro-zone producer-prices data, which reinforced investors’ expectations the European Central Bank will next week keep its benchmark interest rate on hold, and data from...
US airline stocks were boosted yesterday after Continental Airlines reported strong traffic growth for January, driven by international demand, and improving (though still falling) yields.
Shares in GEMINA, the holding company that controls Aeroporti di Roma Spa, surged 5.7% yesterday, on reports the Benetton family, the largest shareholder in GEMINA, plans to restructure its shareholdings.
B/E Aerospace's shares jumped 9.3% yesterday on better profitability figures in 4Q2009 and bullish statements from Chairman and CEO, Amin J Khoury, on better ordering later in 2009 and an improving long-term outlook.
Singapore Airlines reported a significant swing in operating and net profitability in its third fiscal quarter to 31-Dec-2009, as yields showed some sign of stabilisation as passenger demand improved and cargo volumes rebounded.
Singapore Airlines has released its most upbeat assessment of market conditions since late 2007, declaring the business outlook for the Group in 2010 is “encouraging”. But SIA was quick to acknowledge, “uncertainties linger over the global economy”. SIA’s rising confidence stems from passenger...
As the saying goes, the Mounties (Royal Canadian Mounted Police) always get their man. Could it be that Vancouver Airport’s YVRAS arm is about to nail the UK’s Peel Airports? The Mounties were formed in Canada’s Northwest Territories and it is Peel’s own English northwest territory airport at...
WestJet reported a sixth consecutive year of record January load factors in Jan-2010, with load factors gaining 2.0 ppts to 78.8% in Jan-2010. The load factor occurred as the carrier’s 6.9% capacity (ASMs) increase was more than matched by a 9.7% increase in traffic (RPMs). The LCC, while not disclosing...
IATA, in its Airlines Financial Health Monitor for Dec-2009/Jan-2010, commented that airline share prices worldwide gained 5% in Jan-2010, as financial markets became “more positive about airline performance” and increasingly confident about airline profitability. This followed share price underperformance...
Sydney Airport has announced its financial and traffic highlights for the 12 months ending 31-Dec-2009, and also 4Q2009, the final three months. It remains MAp’s top performing airport, with positive figures across most business activities. But with Capex drying up this year and congestion an increasing...
Largely spurned by Japan’s domestic airlines and with only one daily international scheduled flight, Japan’s latest airport to open, Ibaraki, is setting its sights on developing a role as gateway to the Greater Tokyo Area for foreign low-cost carriers (LCCs). With little pre-publicity in the metropolis...
Singapore Changi Airport reportedly announcing plans to acquire Clessidra Sgr’s stake in GEMINA. Shares in GEMINA, the holding company that controls Aeroporti di Roma Spa (which was formerly under the MAp stable), lost 1.6% yesterday.
Both Air Arabia (+4.4%) and Kenya Airways (+3.0%) made solid gains on Wednesday (04-Feb-2010). Kenya Airways’ shares moved with the wider market, with the All-Share Index (+0.1%) up for a third consecutive day.
