Chicago City reportedly plans to complete Midway Airport’s privatisation by the end of 2010 after failing to do so in early 2009. The City has until 01-Feb-2010 to submit a new privatisation timeline to the FAA or it will lose its slot in the FAA’s pilot airport privatisation programme, one that...
As much as Alaska Airlines did not want to hear it, the Department of Transportation ruled on Friday that Virgin America remains a US citizen and is under the active control of US citizens. The ruling re-affirms its 2007 certification when the carrier first applied to begin service. DoT also dismissed...
Embattled Asia Pacific airlines will receive multi-billion dollar bailouts under the guise of restructuring programmes this year. Japan Airlines, China Eastern Airlines and Air India are requiring the biggest surgery, while Garuda Indonesia, Thai Airways and Malaysia Airlines form a second tier of carriers...
Kenyan Airways (+4.5%) stocks made gains on Monday (11-Jan-2009) after Kenyan stocks rose to their highest point in almost 12 months. Nairobi Stock Exchange’s All-Share Index gained 1.4%.
North and South American stocks were mixed on Monday (11-Jan-2010), despite a slight drop in oil prices (-0.3%), to USD82.58, and gains in the wider market, with the Dow ending trading up (+0.4%). The AMEX Airline Index (-0.3%) dropped slightly as a result.
Aircraft leasing companies filled both ends of The Centre’s suppliers share wrap today. Regional lessor, Aircastle, and private lessor, Air Partner, both gained 5% yesterday.
Ryanair (-1.8%) fell on news RBS downgraded the carrier’s shares from ‘Buy’ to ‘Hold’. The analysts stated that Ryanair’s shares have risen 21% in the past two months on the clarification of its fleet plans earlier this month.
Southwest continued to trump JetBlue, US Airways and Continental Airlines in the yield growth stakes in Dec-2009, with the US LCC the only carrier to report yield growth in the month. JetBlue, US Airways and Continental all reported PRASM contractions of between -2% and -4.5% last month.
Shares in airport retailer, DUFRY, led the way up yesterday (+5.3%) as the Group proposed to combine Dufry AG (DAG) with Dufry South America Ltd (DSA).
Japan Airlines (JAL) reportedly plans to file for bankruptcy on 19-Jan-2010 and embark on a government-led turnaround. JAL's stock plunged after the Monday national holiday, ending the Tuesday morning session at JPY37 - JPY30 below Friday's close. Sell orders for more than 600 million shares were left...
Hong Kong Air Cargo Terminals Limited (Hactl) and AAT reported double-digit freight growth in Dec-2009, as Hong Kong's cargo volumes moved up significantly towards the end of the year in the pre-Christmas period, following last year's disappointment.
Air Berlin reported a 6.5% year-on-year reduction in revenue per ASK (RASK) to EUR 5.33 cents in Dec-2009, for only the second year-on-year RASK reduction in over 20 months, although this was off strong RASK growth of 17.6% in Dec-2008. RASK increased 7% year-on-year to EUR 5.75 cents in FY2009.
Turkey’s TAV Havalimanlari Holding AS (TAV Airports Holding), Turkey’s largest airports operator, has reported its financial estimates for the full year 2009. Anticipating growth in revenues and EBITDA, TAV has shrugged off a difficult start to 2009 when it was bogged down with the outlay on a new...
Taiwan’s EVA Air continued to experience passenger yield weakness in Dec-2009, although the worst may now be behind the carrier, as yields appear to have bottomed out in Jul-2009/Aug-2009 and are starting a slow but steady improvement.
Air Canada and WestJet continued to face challenging operating conditions in Dec-2009, characterised by continued economic weakness, soft travel demand and aggressive pricing. Winter storms/delays and increased security measures at Canadian airports added to the strain.
Submitting new comments relating to the Department of Justice’s (DoJ) rejection of the BA/AA oneworld anti trust immunity (ATI) petition, Virgin Atlantic echoed the DoJ in its submission to the Department of Transportation (DoT), saying it, too, has “grave concerns” over the ATI. Virgin Atlantic...
As much as Alaska Airlines did not want to hear it, the Department of Transportation ruled on Friday that Virgin America remains a US citizen and is under the active control of US citizens. The ruling re-affirms its 2007 certification when the carrier first applied to begin service.
In Africa, 1time Holdings dropped 2.8% on Tuesday (12-Jan-2010), as the South African FTSE/JSE Africa All Share Index fell for the first time in three days, dropping 1%, to 28,057.68. Kenya Airways meanwhile continued to rise, up 1.2%.
The majority of North and South American carriers’ stocks were down with the wider market on Tuesday (12-Jan-2010), as aluminium producer, Alcoa, reported disappointing results for 4Q2009, raising concerns of the strength of the economic recovery. Also affecting the market was news the Chinese central...
European share markets were down on Tuesday on news corporate results in the US did not meet expectations, leading investors to doubt the strength of the economic recovery. Investors are now concerned markets may have advanced too quickly over the past nine months.
Shares in Malaysia Airports Holdings Bhd (MAHB) surged 8.0% yesterday, as the company announced plans to proceed with its USD87.1 million construction programme, through the award of a key contract.
European aircraft manufacturer, Airbus, and Brazil’s jet maker, Embraer, both announced record deliveries for 2009, but their order backlogs have also been suffering as carriers slashed ordering, put off options and deferred deliveries thorough 2H2008 and 2009.
Air Berlin’s shares fell 2.3% yesterday, on news that the German LCC reported a 6.5% year-on-year reduction in revenue per ASK (RASK) to EUR 5.33 cents in Dec-2009, for only the second year-on-year RASK reduction in over 20 months.
The oneworld team yesterday increased its JAL offer by USD300 million, to around USD2 billion plus turnaround expertise. However, the offer, spread over three years, mostly includes the USD1.5 billion in synergies that JAL is already getting from the oneworld partnership. It also includes USD300 million...
JAL’s share price slumped 45% to a record low and reached the trading limit on 12-Jan-2010, as investors rushed to sell JAL shares on speculation it would file for the country’s sixth largest bankruptcy. Despite JAL's falls, Japan’s Nikkei 225 stock average rose to a new 15-month yesterday.
A key technology in the US Next Generation air traffic control system has been deployed to Houston and is now significantly increasing capacity and helping controllers track traffic over the Gulf of Mexico, something it could not do before, owing to the lack of radar coverage over such a wide expanse...
North and South America airline stocks rebounded on Wednesday (13-Jan-2010), with the AMEX Airline Index gaining 3.0%, as oil prices (-1.5%) retreated back below USD80, to USD79.59. Oil gained on news US inventories have grown in the last week, due to slowing demand. The fall in oil prices also assisted...
Shares in South African LCC, 1time, gained 6.7% yesterday, despite a relatively flat market in South Africa in Wednesday trading.
European share markets made gains for the first time in three sessions on Wednesday (13-Jan-2010).
2009 passenger traffic for Europe’s full service airlines is “almost certain” to decline in excess of 4% year-on-year, according to the Association of European Airlines. The decrease comes on top of the already depressed 2008 traffic figures.
