CAPA is the leading global aviation knowledge practice, delivering market analysis and data to support strategic decision making at hundreds of the most recognised organisations in the industry. Established for 20 years, CAPA has developed an unrivalled reputation for independence, insight and integrity...
The interests of airlines based in the Middle East are addressed by an organization known as AACO, Arab Air Carriers Association. Among regional carrier groups, AACO is unusual; only two of the group's airlines are affiliated with one of the three global Alliances; Star claims Egyptair and Royal Jordanian...
A 51% fall in first half net profit has not dampened investor enthusiasm for EADS, which recorded a stock rise of 3.4% at the close of trading on Friday. The European defence and aerospace conglomerate reported a net result of EUR185 million, and an EBIT of EUR406 million, after EUR200 million of exceptional...
Unlisted Qatar Airways took delivery of its 20th B777 aircraft, with the delivery of a new B777-200LR.
North and South American airline shares rose on optimism the airline market is recovering following the release of 1Q2010 results. The gains were despite a flat Dow on news the US economy slowed more than expected in 2Q2010. Oil prices gained 0.8% to USD78.95.
Southwest Airlines' shares rose 0.3% on Friday as the carrier’s outlook was upwardly revised by Fitch Ratings from "negative" to "stable", with Fitch Ratings also affirming the carrier's debt ratings at BBB.
European airline shares were mixed on Friday (30-Jul-2010) as British Airways announced it was confident of breaking even, but wider markets fell on disappointment over a slowdown in the US economic recovery.
Shenzhen Airport has reported a 29.6% increase in net profit for the six months ended 30-Jun-2010 to USD53.7 million, although its share price eased 0.2% on Friday.
Shares in ANA slipped 1.0% on Friday, as the carrier reported a narrowed net loss and an operating profit in the three months ended Jun-2010, as it benefited from an uptick in international business and tourism travel.
Thai Airways and Tiger Airways are to form a joint venture, “Thai Tiger”, to operate international and domestic Thailand domestic point-to-point services. The new JV, to be owned 51:49 by Thai Airways and another "Thai entity", raises the bar in low cost airline operations competition in Asia and...
South African Competition Tribunal permitted 1time (+14.8%) to amend its original complaint against Kulula, regarding access to Lanseria Airport. Kulula and Lanseria signed an exclusivity agreement in 2006. 1time alleges the agreement amounts to exclusionary behaviour in contravention of the Competition...
European airline shares improved for another day on Monday (02-Aug-2010) as wider markets reached a three-month high in early trading. Markets were boosted by impressive financial results from BNP Paribas and HSBC Holdings and news the Institute for Supply Management index fell less than expected, from...
North and South American airline stocks rose on Monday (02-Aug-2010) after Moody's Investors Service announced it expects demand to continue to improve over the next several quarters. A 2.0% rise in the Dow also pushed shares higher, with investors buying on better-than-expected manufacturing and construction...
Despite a 10% drop in revenue in the first half of 2010, Embraer has lifted its full-year revenue guidance, based on recent strong ordering. At the Jul-2010 Farnborough Airshow, the Brazilian manufacturer secured 35 firm orders and 46 LoIs for new aircraft, with another 70 purchase options taken by...
US airline shares rose on Monday with the wider market, lifting the NYSE Arca Airline Index to a near three-year high.
CAPA is the leading global aviation knowledge practice, delivering market analysis and data to support strategic decision making at hundreds of the most recognised organisations in the industry. Established for 20 years, CAPA has developed an unrivalled reputation for independence, insight and integrity...
Much attention is often focused on the Middle East’s larger airports, including those at Abu Dhabi, Dubai, Jeddah, Riyadh, Islamabad, Doha and Bahrai. But the region’s second-tier airports are becoming increasingly important, especially as Middle East second-tier carriers expand operations. These...
The Shanghai Composite Index closed 1.3% higher on Monday, after climbing 10% in Jul-2010 for the largest monthly increase in 12 months. The increase came on the prospect the Chinese Government will reverse policies aimed at slowing the world’s third-largest economy after manufacturing in Jul-2010...
Ten years ago, Emirates handled 5.7 million passengers with a fleet of 35 aircraft, making it roughly the same size as El Al or Hawaiian Airlines. Last year, the airline handled 25.9 million passengers, and finished the year with a fleet of 142, making it one of the largest international carriers in...
All Nippon Airways (ANA) reported a narrowed net loss and an operating profit in the three months ended Jun-2010 (1QFY2010), as it benefited from an uptick in international business and tourism travel.
easyJet reported a 5.3% increase in revenue in the third quarter of 2010 (three months to Jun-2010) to GBP759.2 million, with the carrier labelling the results as a “good commercial performance”. The carrier added that it continues to expect a pre-tax profit of between GBP100 million and GBP150...
CAPA is the leading global aviation knowledge practice, delivering market analysis and data to support strategic decision making at hundreds of the most recognised organisations in the industry. Established for 20 years, CAPA has developed an unrivalled reputation for independence, insight and integrity...
GKN Aerospace and Meggitt have both released bullish assessments of the outlook for the commercial aerospace markets.
Royal Jordanian (-4.4%) was the biggest decliner on Tuesday. Jordan and Malaysia upgraded their air services agreement to liberalise direct air transport between the two countries. Under the new agreement, Malaysian carriers will be permitted to operate services to/from Aqaba King Hussein International...
The European Commission has opened an investigation into the planned merger between Olympic Air and Aegean Airlines. There are concerns the proposed merger could raise serious competition concerns of very high, potentially monopolistic, market shares on all domestic routes and on a number of international...
Pinnacle profits declined in 2Q2010 to USD5.8 million from USD5.9 million in 2Q2009. Consolidated operating income came in at USD19.8 million in the second quarter, declining USD3.9 million from a year ago.
European airline shares advanced for another day on Tuesday (03-Aug-2010) despite wider markets reporting mixed results, as Barclays Capital initiated coverage on some carriers. Wider markets leaned lower on disappointing US home sale and factory data and financial results.
easyJet has mandated Crédit Agricole CIB and KfW IPEX-Bank as joint underwriters and lead arrangers for a 10-year commercial debt financing of eight A319 and A320 to be delivered between Aug-2010 and May-2011.
North and South American airline stocks were down on Tuesday (04-Aug-2010) as the Dow (-0.4%) declined on disappointing earnings results and economic data. Investors are concerned that the market's strong performance in Jul-2010 was based on an exaggeration of the economic recovery, following recent...
Shares in Grupo Aeroportuario del Sureste (ASUR) were 1.5% weaker yesterday, as the company stated JMEX BV plans to sell its approximately 16% stake in the company through a secondary share offering in Mexico and internationally. The share equates to approximately 43.6 million B shares. All proceeds...
