The annual ZAGAT survey of the world’s major airlines has just been released. The results hold few surprises and the perennial favorites continue to occupy expected positions. But the survey’s contributors give it added importance because they are representative of the group of (predominantly American...
Ireland’s Minister for Tourism, Mary Hanafin, stated in Nov-2010 that the Irish Government would consider scrapping the controversial EUR10 air travel tax in its forthcoming budget as it has failed to "return the revenues expected". Minister Hanafin said the government had forecast EUR125 million...
The inadequate state of Brazil’s airport infrastructure has been highlighted this month at the Brazil Investment Summit and the Latin American and Caribbean Air Transport Association (ALTA). GOL Airlines CEO Constantino de Oliveira Jr warned that Brazil’s airport infrastructure is lagging behind...
Lufthansa (+3.2%) rose with the majority of European airline shares on Wednesday (01-Dec-2010), after a positive note from Goldman Sachs. The analysts upgraded Lufthansa from "neutral" to "buy" by during trading. Conversely, Norwegian (+3.0%) and easyJet (+1.5%) were downgraded from "buy" to "neutral...
Airbus announced it will offer the A320neo (new engine option) from spring 2016 and believes it could sell as many as 4000 of the reworked aircraft. The move is good news for Pratt and Whitney, which will offer its PW1100G engine, and Safran and GE, which will produce the other engine for the aircraft...
North and South American airline stocks soared higher on Wednesday (01-Dec-2010) following a positive jobs report in the US and news China reported factory production rose to a seven-month high in Nov-2010. GOL (+3.4%) and FedEx (+3.2%) led the charge.
LCCs were mostly higher to start the month, following positive moves on major markets, boosted by a series of positive economic news out of the US, Asia and Europe.
The Nomura Group announced it sees a slightly better year for low-cost airlines, despite over-capacity from national carriers limiting upside to yields, as well as cost pressures from higher jet fuel prices.
Asian stocks generally rose yesterday as reports showed US consumer confidence increased and China’s manufacturing activity expanded.
Australian Infrastructure Fund (AIX) shares dropped by 1.8% on Wednesday (01-Dec-2010). On the same day the airport operator announced the passenger traffic across its airports increased 7.6% year-on-year in Oct-2010. Highlights include:
In the second of a four-part series on women in aviation, CAPA's new Airline Leader high-end monthly magazine examines the typical roles occupied by women across the world’s airlines. The report notes that a common thread among many women who have navigated their way to the top is that they have either...
flybe, Europe’s largest regional airline and the UK’s largest domestic airline, announced its much-awaited and delayed plans to list on the London Stock Exchange (FLYB.LN) following an IPO to finance its fleet expansion and acquisition strategy. The offer is expected to raise GBP60 million, which...
Malaysia Airlines returned to profitability in the third quarter (three months ended Sep-2010) with passenger and freight units performing well while AirAsia more than doubled earning in the period to a record high as travel demand improved amid the Asia Pacific region's economic recovery. AirAsia continued...
While press reports said Bombardier’s reaction to the new Airbus narrowbody A320neo were that it was not a surprise, the real reaction can be summed up by paraphrasing yesterday’s more-than-confident attitude as “close but no cigar”.
Royal Jordanian (+0.6%) President and CEO Hussein Dabbas stated it expects to receive its first B787 in Sep-2013 with four more to arrive by 2014. Further deliveries will be made from 2015. The carrier has 11 B787 orders. Mr Dabbas also stated the carrier will make a "decent profit" in 2010 despite...
Republic Airways (+2.6%) was the biggest gainer in a day of mixed trading for North and South American airline stocks on Thursday (02-Dec-2010). The carrier reported a 3.0 ppt year-on-year rise in load factor for Nov-2010 during trading, to 78%. The improvement was the result of a 4.0% improvement in...
Skymark continued its strong run yesterday, gaining 4.0% to close at JPY1043, a five-year high. The wider Tokyo market was similarly strong, hitting a five-month high on positive global economic news.
Shares in UK aerospace company GKN Aerospace gained 7.7%, continuing a three-week positive run for the company’s share price. GKN announced this week that it has secured a multi-year production contract to supply lightweight titanium thrust links for the B747-8 and for both engine variants of the...
TUI Travel (+7.3%) shares rocketed higher on Thursday (02-Dec-2010), leading the rise in European airline shares for the day. The company was up after reporting a 4.0% year-on-year improvement in profit before tax to GBP337 million, for the 12 months ended 30-Sep-2010. However, it reported a net loss...
Do&Co Restaurants and Catering AG shares gained 13.9% on its first day of trading following an initial public offering. Do&Co is the first foreign-based company to be listed on the Istanbul Stock Exchange. It sold a 29% stake on 26-Nov-2010.
Australia’s Transport Safety Bureau (ATSB) and Civil Aviation Safety Authority (CASA) have released their safety recommendations and the results of the preliminary investigation relating to the failure of a Rolls-Royce Trent 900 engine on a Qantas A380 last month. The report by the ATSB identifies...
Qantas has begun talks with Rolls-Royce to recoup financial losses from the grounding of its Airbus SAS A380 fleet after an engine malfunction last month. The carrier added that it will take legal action if a settlement can not be reached. Qantas shares climbed 1.2% to AUD2.64 yesterday.
IATA on 03-Dec-2010 announced that its Board of Governors has selected Tony Tyler, CEO of Cathay Pacific, in a unanimous decision to fill the post of IATA Director General and CEO following the retirement of Giovanni Bisignani next year. It would have been difficult for the Board to ignore the importance...
Jazeera Airways stated (05-Dec-2010) it is operating 20 weekly services to Dubai and 13 weekly services to Bahrain effective 01-Dec-2010.
British Airways (-1.9%) declined with the majority of European airline shares on Friday (03-Dec-2010) after reporting a 1.2ppt year-on-year decline in load factor for Nov-2010 to 74.7%. The decline was led by a 5.3ppt reduction in Asia Pacific load factor to 80.9%. However, the region remained BA’...
Europe’s big three LCCs – easyJet, Air Berlin and Ryanair – posted the sharpest losses on Friday as wider European markets were rattled by the latest US employment news, reviving concerns that not all is well in the world’s biggest economy. The "big freeze" is also weighing on performance in...
Bombardier reported a net income of CAD143 million from revenue of CAD4 billion for the three months to 31-Oct-2010. The results are well down compared with the same period in 2009, when the company reported net revenue of CAD4.6 billion and net income of CAD168 million.
China’s Hainan Meilan International Airport (-3.2%) reports (03-Dec-2010) the following traffic highlights for the week from 26-Nov-2010 to 02-Dec-2010:
Cathay Pacific announced that CEO Tony Tyler will leave the airline on 31-Mar-2011 after Mr Tyler was selected to fill the post of IATA Director General and CEO following the retirement of Giovanni Bisignani. Mr Tyler will be succeeded by COO John Slosar. Cathay Pacific shares declined 0.4% on Friday...
