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...
European airline shares were mostly down on Thursday (30-Sep-2010) after wider markets fell for a fourth consecutive session. Markets declined after Ireland's Government announced that financial institutions AIB, Anglo Irish Bank and Irish Nationwide will require more funding from the state, a move...
China's airlines were the first to experience difficulties during the recent downturn, stemming from a series of external events and natural disasters in China from early 2008. But they have been the first to recover, reporting spectacular growth rates from mid-2009 to the present.
Boeing has bowed to the inevitable and delayed the delivery of the first B747-8 Freighter from the beginning of 2011 to mid-year. The announcement does not come as a surprise. Earlier in the year, Boeing alluded to the fact that problems in flight testing with the aircraft could push deliveries beyond...
Kenya Airways (+1.1%) reportedly increased frequency on services from Nairobi to Hong Kong and Guangzhou to daily at the end of Sep-2010, with services to be operated with B777 equipment.
North and South American airline shares were mainly up on Thursday (30-Sep-2010), despite a slip in the US market. The Dow (-0.4%) fell on continued debt concerns in Europe, despite unemployment claims falling more than expected for Sep-2010.
Shares in Ryanair gained 1.8% yesterday, with the markets buoyed by the airline’s investor update in the UK on Wednesday. The stock was trading at levels seen before the recent dividend payment, reaching highs of more than EUR3.95, before falling back slightly to close at EUR3.92.
United and Continental completed their legal merger on Friday and kicked off the day with a mini-press conference marking the event. The pilots unions also recognised the milestone, reiterating its opposition to further outsourcing.
The worldwide regional aviation industry will need 4,016 aircraft valued at about USD123 billion over the next decade, according to Forecast International, which indicated jets would account for 64% of deliveries between 2010 and 2019.
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...
Industry change will influence the nature of economic regulatory oversight of airports in Europe. Asian traffic growth and Middle East airline expansion will exceed European airports’ capacity to retain their hub roles. If they are to avoid becoming marginalised, Europe’s airlines may have to reconsider...
When surveys are taken on quality, the airlines of Southeast Asia dominate. In the second of our series assessing the strengths and weaknesses of airlines through a sampling of traveller reviews taken from Skytrax, the focus moves to the Southeast Asian carriers.
Various media reports last week suggested Turkish Airlines is considering the feasibility of adding A380, A350 or B787-8 aircraft to its fleet. A widebody fleet decision is expected in early 2011.
Air Lease Corporation (ALC), a new aircraft leasing company launched by industry pioneer Steven Udvar-Házy and longtime aviation executive John Plueger in Jul-2010, has finalised an order with Boeing for up to 60 B737-800s, for deliveries through to 2017.
AirAsia X has denied media reports that a final agreement has been struck with Paris Orly Airport to commence long-haul low-cost services to the French capital in 2011, noting that talks are ongoing. AirAsia X operates eight widebody Airbus aircraft, rising to 11 in Dec-2010 with the delivery of additional...
Boeing stated it expects a near quadrupling of air traffic in the Middle East over the next 20 years, with the annual average traffic growth rate in the region to be 7.1%, equating to a 287% rise over the period, ahead of global annual traffic growth of 5.3%.
North and South American airline shares plunged on Monday (04-Oct-2010) as analysts downgraded ratings for a number of carriers, fuel prices rose and the wider market fell. The Dow (-0.7%) fell as investors expressed caution ahead of the start of the 3Q2010 reporting season and new jobs data.
While US airlines are cautiously adding capacity, according to Boyd Group International President Mike Boyd, the weakness in the economy belies the statistical turnaround reported by the industry since late 2009. Indeed, he cautioned that recent capacity moves, especially by the two most recently merged...
ACI World has released figures showing a softening of growth and further slowing is expected for the second half of the year. International traffic expanded by 6.3% year-on-year, while domestic volumes rose 4.9%, resulting in an overall passenger number increase of 5.6% in August.
Cathay Pacific has signed a codeshare agreement with Canadian LCC WestJet. The agreement covers WestJet services between Calgary, Edmonton, Halifax, Montreal, Ottawa and Winnipeg and Cathay Pacific's two Canadian gateway cities, Toronto and Vancouver, effective 20-Oct-2010.
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...
Having spent the past 18 months scrambling from the brink of financial ruin again, Air Canada is using the next three years to deleverage its balance sheet and prepare for the delivery of the Boeing 787, Chief Financial Office Michael Rousseau told the CIBC Eastern Institutional Invester Conference...
Towards the end of Sep-2010 reports emerged from the English Midlands that Birmingham Airport, partly owned by two pension funds, could be sold to Middle East investors as part of a package of assets to fund other projects.
Kenya Airways (-2.2%) shares dropped for the second day. The carrier also stated it is seeking assistance from the Central Organisation of Trade Unions (Cotu) to assist the Aviation and Allied Workers Union's (AAWU) demand for USD4 million (KES325 million) in allowances that the carrier has rejected...
Hong Kong Cargo Terminal (HACTL) reported a 14% increase in air cargo throughput last month to 242,000 tonnes, representing an easing from the 17.5% expansion in Aug-2010 and 30%+ expansion in the year to date.
Global equity markets were sharply higher yesterday, with LCCs gaining virtually across the board. easyJet led the way, rising 4.6% as British Airways reported a 4.3% rise in premium traffic last month.
British Airways’ shares soared 6.5% yesterday as the airline revealed passenger traffic (RPKs) rose 1.3% year-on-year in Sep-2010. The total comprised a 4.3% increase in premium traffic and a 0.7% increase in non-premium traffic. BA noted market conditions “remain as previously anticipated, with...
Airbus has released its orders/deliveries for Sep-2010 revealing a solid performance. Orders were received for 78 widebody aircraft and the manufacturer delivered 45 aircraft last month.
North and South American airline shares rebounded on Tuesday (05-Oct-2010) as a number of carriers reported improved traffic data for Sep-2010 and US markets rallied to a five-month high. The Dow (+1.8%) rose after news the services sector expanded at more-than-expected pace for Sep-2010 and Bank of...
Budapest Airport is close to recovering all the traffic lost in the global economic downturn thanks to its strong positioning in full service and low-cost markets. Hungarian national carrier Malév has been through a challenging period but some positive developments are now flowing from the airline’...
