Continental pilots have won – and lost – an argument over the use of 70-seat regional jets at Continental hubs.
With the announcement of new airport projects and continued economic and traffic growth, Turkey is once again demonstrating it is "Europe’s China": and not without foundation.
easyJet has exercised options to place firm orders for 15 A320 aircraft from Airbus to be delivered between 2012 and 2014. The carrier has also upgraded contracted deliveries for 20 A319 aircraft to the larger A320 and secured new options for a further 33 A320s up to Mar-2013.
Cathay Pacific incoming CEO John Slosar stated the carrier is "reasonably confident" about the outlook for 2011 as economic growth in China boosts travel and cargo demand. The carrier has also signalled its intention to further capitalise on its location close to mainland China in 2011.
GOL, Brazil’s largest airline by market value and the nation’s largest LCC, stated it expects to report another year of double-digit operating margins in 2011, of between 11.5% and 14.5%, following an anticipated operating margin of 10 to 13% in 2010. Yields and CASK are expected to remain stable...
With ATM development and implementation in Europe, the US and elsewhere on the cusp of the satellite-based revolution, Airbus has announced the launch of a new subsidiary to capitalise on the market. Although the company already has an active role in the development of ATM systems, the new unit, called...
Singapore Airlines' new CEO Goh Choon Phong, who took over the role on 01-Jan-2011, stated the carrier is reportedly considering selling its 49% stake in Virgin Atlantic. This would mark the shedding of the last major remains of the carrier's global expansion strategy as the new CEO confronts rising...
IATA, in its November-December Airlines Financial Monitor, stated the world’s airlines have reported positive and better than anticipated 3Q financial results, even in Europe, with a positive upswing of more than USD11 billion at the operating level and USD9 billion at the net level. Meanwhile, global...
On 30-Dec-2010 India's Cabinet Committee on Economic Affairs approved an infusion of INR12 billion (USD266.9 million) as equity for state-owned national carrier Air India. The Government also stated it had earlier released INR800 crore (USD177.9 million) in Feb-2010 as equity induction in the National...
Ryanair handled a record 72 million passengers in 2010, representing growth of 10% from 65.3 million passengers in 2009. This result will no doubt enable Ryanair to retain its status as the largest international carrier by passenger numbers in 2010. In 2009, Ryanair was the largest international carrier...
Saudi Arabia’s new consumer protection body has urged the Saudi Government to open its skies to other airlines in the Gulf region. The Association for Consumer Protection announced in early Jan-2011 that it has approached the government to embrace liberalisation of the domestic market for air travel...
easyJet's shares surged 4.2% on Friday, as the company reported a 7.6% increase in passenger numbers to 3.7 million in Dec-2010. Load factors rose 0.4 ppts to 85.4%.
Shares in UK aerospace and automotive manufacturer GKN Aerospace gained 4.4% on Friday, with the company entering 2011 looking to continue the positive momentum it generated over 2010.
SAS was raised to “buy” from “hold” by Citigroup Inc. The airline's shares gained 4.3% on Friday having come under selling pressure earlier in the week.
Air Mauritius Ltd's shares are trading at multi-year highs after analysts predicted the airline would return to profit this year after a strong peak season.
ACI World stated that Nov-2010 traffic data indicates that 2010 will set a new record for global airport industry traffic with total passenger growth of near 7%. ACI also noted that freight growth has been “exceptional” in 2010 despite a marked slowdown in 2H2010. Growth of close to 18% is expected...
Do & Co Restaurants and Catering shares jumped 5.2% on Friday, as the company was rated at "hold" by Wood & Co. Singapore-based ground-handling and in-flight catering service provider SATS eased 0.3%.
Expedia shares gained 2.1% on Friday, as the company garners more support from other airfare resellers in its battle with American Airlines.
Hellenic Duty Free Shops' shares surged 9.1% on Friday as 60.6 million shares in the group formed by the airport and port retailer’s merger with Folli-Follie and Elmec Sports commenced trading, according to Bloomberg.
With a promise of netting several hundred million dollars in incremental revenues on a USD100 million investment, Southwest rolled out the long-awaited upgrade to its 24-year-old Rapid Rewards frequent flyer programme. Rapid Rewards 2.0 is set to launch on 1-Mar-2011.
Garuda Indonesia commenced pre-marketing its IPO marking the start of the long-awaited offering. Back in Nov-2010, when the carrier originally planned to launch the offering, it had planned to raise up to USD400 million. The carrier has since revised these plans and is now aiming to raise up to USD500...
American Airlines disagreement with GDSs continues, with Amadeus IT Holding announcing that it is "actively reviewing" content agreements with US carriers, according to a report in Dow Jones Newswires.
Virgin Blue and Skywest have signed a 10-year strategic alliance to service regional Australia, continuing the flow of deal-making for Australia's number two carrier under CEO, John Borghetti. Skywest will operate up to 18 new Virgin Blue-branded turboprop aircraft to a number of existing and new destinations...
Lonrho Group, which owns a 49% stake in Fly540, stated the African LCC is seeking to continue to expand in the underserved African market with the launch of the Angolan and Ghana units of the carrier and continued organic and aggressive growth in its home market, Kenya. Lonrho added that the Fly540...
Releasing its quarterly Airline Cost Index, the US Air Transport Association said the third quarter results continued a trend seen in previous quarters and puts increased pressure on airlines to find new ways to cut costs.
Boeing could resume flight testing of the B787 by the end of the week, according to a report in the Seattle Post Intelligencer. The manufacturer grounded the B787 test fleet in Nov-2010, following a fire on one of the six test aircraft.
US airline stocks were generally lower in US markets thanks to lower Dec-2010 traffic forecasts from several carriers last week, as a result of the poor holiday weather. Delta (-3.2%), Atlas Air (-1.8%), JetBlue Airways (1.4%) and American Airlines (-0.8%) all saw their stocks decline.
Shares in South Africa's Comair, operator of LCC kulula and services in South Africa for British Airways, dropped 6.3% on Monday. The carrier may face a new competitor this year, Velvet Sky, which is waiting for regulatory approval to launch services between Cape Town, Durban and Johannesburg.
Tiger Airways reported Dec-2010 traffic of 505,000 passengers, up 22% year-on-year. Passenger load factor was 91%, up 1.0ppt from Dec-2009. For the 12 months ended Dec-2010:, Tiger Airway’s passenger numbers were 5.8 million, up almost a third. Passenger load factor was 86%, 2.0ppts higher than last...
Amadeus shares gained 1.7% on Monday. The company come out last week and announced it was reviewing its contracts with US carriers. The GDS operator has cautioned that it would take action if it finds that any airlines have breached their content agreements. Expedia shares were down 0.4%.
