Yesterday’s interline announcement from American and JetBlue completes a loop that has been inevitable for some time now, as low cost airlines filled more and more of the full service carrier space domestically. The agreement, between the full service major and the metamorphosing low cost leader,...
Air Arabia (-9.3%) shares took the biggest fall on Wednesday (31-Mar-2010). Sharjah Airport reported weak Feb-2010 traffic data, while HC Research cut its rating in the carrier from ‘Buy’ to ‘Hold’ earlier in the week.
The majority of North and South American carriers’ stocks were up on Wednesday (31-Mar-2010), despite another rise in oil prices (+1.9%), to USD83.76, and falls in the wider market. The Dow (-0.5%) dropped following data showing an unexpected decline in private sector jobs in Mar-2010, with US companies...
American's moves this week are another puzzle piece in the legacy airlines' Big Apple strategies, after United wooed Continental to Star Alliance to strengthen the New York gateway over Newark and Delta set its sights to become the leading carrier in and out of New York. Meanwhile, the role of the non...
The US airline hub system counts among its number certain key airports which are long established and which, for various reasons, will almost certainly continue to be important parts of the nation’s aviation framework. This review looks at the key hubs and their likely future in a time when global...
The proposed slot exchange and interline deal between American Airlines and JetBlue is expected to add at least USD14 million to JetBlue and USD55 million to American’s operating income,” according to AirlineFinancials.com’s Robert Herbst. He added that the income increases could “easily double...
An overnight surge, on further positive data on the global economic picture, has seen another rise in the price of oil. Crude for May delivery jumped USD1.75 to USD86.62 per barrel in New York on Monday. Also boosting prices lately has been increasing levels of demand from the rapidly developing Chinese...
WestJet was signaling and the media was trumpeting, but apparently everyone forgot to tell Southwest Airlines that its proposed codeshare agreement with WestJet was in jeopardy. Last Monday, WestJet CEO Gregg Saretsky said part of the deal between it and Delta which will give the Canadian carrier slots...
After receiving howls of protest from Middle Eastern and African nations over the temporary restrictions imposed in the wake of the Christmas bombing attempt aboard a Detroit-bound Delta aircraft, the US Transportation Security Administration issued revised security procedures, eliminating the 14-country...
Investors sold off Continental Airlines (-3.9%), US Airways (-3.7%) and American Airlines (-2.0%) yesterday following the release of March traffic reports, despite solid unit revenue performances and load factors.
Shares in Tokyo Haneda Airport terminal operator, Japan Air Terminal, rose 3% yesterday, as Japan Airlines announced plans to slash an unprecedented 31 domestic routes (or 20% of its domestic network) by the end of fiscal 2010, as part of its corporate rehabilitation programme.
Bombardier Inc reported its fourth quarter profits fell almost 43% year-on-year to USD179 million – slightly below market expectations. Its shares fell 2.1% yesterday.
Tiger Airways’ Australian operation is again reported to be close to announcing a shift of at least part of its Melbourne operations from Tullamarine to Avalon Airport.
A handful of Asian stock markets were open for trading yesterday, with Thai Airways (+3.7%) leading the way.
Republic Airways Holdings said it would announce its new brand on 13-Apr-2010, completing this round in the integration of Frontier and Midwest Airlines, acquired by the company last year. Observers are desperately trying to read the tea leaves, commenting on the fact that Republic CEO Bryan Bedford...
Comair (-6.9%) shares slumped on Tuesday (06-Apr-2010) after news the South African Competition Commission confirmed it conducted raids on the offices of South African Airways (SAA) and its LCC subsidiary, Mango, on 31-Mar-2010, as part of its investigation into airline collusion during the travel period...
Babcock & Brown Air's shares gained 6.1% in trading yesterday, hitting an 18-month high of USD11.46 per share. Since Friday, the company’s shares have gained more than 12.5%.
North and South American shares were mixed on Tuesday (06-Apr-2010) following the lead of the wider US market. The Dow was flat, with the banking sector being one of few to rise on news the US Federal Reserve stated it still plans to maintain its record low interest rate to safeguard the country’s...
The majority of European carriers’ shares were up on Tuesday, (06-Apr-2010) moving higher with the wider markets, which established fresh 2010 highs. European share markets gained on positive data from the US suggesting the country’s economy is now on a solid path to recovery. The rise in airline...
Ryanair, on 01-Apr-2010, raised its profit after tax guidance for the 12 months ended 31-Mar-2010 from a previously-guided EUR275 million to “not less than EUR310 million”, as a result of stronger-than-expected passenger bookings and better-than-expected yields during late Feb-2010 and Mar-2010...
The only bag that will fly free on Spirit Airlines is one that fits under the seat, according to the airline which rolled out the industry’s only carry-on bag fee – USD30 a pop – for bags destined for the overhead bin.
After signaling what will happen to passengers as a result of the three-hour tarmac rule with the cancellations of thousands of flights during the February snow storms, US Airways said pilots would return to the gate after 2.5 hours, while Continental told pilots to leave the take off queue after two...
In a deal that is expected to generate approximately CAD100 million in additional annual revenues, Jazz Air is following its US counterparts in evolving to a new business model, one that diversifies operations beyond the feeder model. The company has announced a deal with Thomas Cook Canada Inc to provide...
Shares in Korea Airport Service Co Ltd, provider of airport ground handling and related services in Korea, soared 6.1%, while Auckland Airport rose 1.5% on improving outlooks for home-based carriers.
Asiana Airlines’ shares soared 15% yesterday on rumours that Kumho Asiana's creditors may not ask for a capital reduction, and an improving traffic outlook.
The current wrangling between US Airways pilots and management over whether or not the current pilot contract would preclude further mergers has fuelled speculation of an imminent merger. So it came as no surprise yesterday that US Airways and United were apparently once again trying to merge. Without...
Kuwait National Airways (-1.9%) shares fell again on Wednesday (07-Apr-2010). Subsidiary, Wataniya Airways announced plans during trading to launch Kuwait-Rome service, effective 31-May-2010. Rome will be Wataniya Airways’ eleventh destination and its second European city after the carrier’s earlier...
North and South American carriers’ stocks moved lower with the wider market on Wednesday (07-Mar-2010), following news US consumer credit fell by USD11.5 billion in Feb-2010. Shares were also down on continued concerns over Greece’s ability to pay off its sovereign debt. The AMEX Airline Index was...
The majority of European airline shares were down on Wednesday (07-Apr-2010), pushed lower by the wider market. European markets sunk on continued to concerns of Greece’s ability to refinance its sovereign debt and a new report showed euro-zone growth stalled in 1Q2010.
The shape of Embraer’s response to the Bombardier CSeries and the possible re-engining of the B737/A320 will likely be known by the end of the year, according to the new Executive VP of its new division - New Programs, Airline Market - Mauro Kern.
