2009 ended much better than it started for US airlines, with Dec-2009’s traffic results confirming some yield improvements, rising demand and load factors hovering around the 80% mark domestically. These improvements have been driven by careful capacity management and a slow pick up in air travel...
AerCap announced it navigated 2009 without a single aircraft repossession, and rising traffic levels (even in traditional aviation markets) could potentially lead to airlines cautiously adding capacity through 2010.
Japan Airlines’ shares may be virtually worthless, as equity investors flee from uncertainty facing the airline and an expected bankruptcy filing, but strategic investors, in the form of US airlines, their alliance and funding partners are scrambling to invest. It is a curious state of affairs, that...
Asia Pacific airlines are expected to add around 468 new aircraft to their fleets in 2010, making it a peak year for deliveries to the region, after 429 deliveries last year and a similar number booked for 2011. The analysis, presented exclusively in The Centre’s Asia Pacific Aviation's Airline Daily...
The US airline cost index, produced by the Air Transport Association, reveals that costs are continuing to decline for the US airline industry for the third consecutive quarter. One of the biggest questions for 2010 is whether security costs, in the wake of the Christmas Day terror plot, will rise substantially...
The Global Distribution Systems (GDS) industry processed more than 1.1 billion travel transactions in 2008, representing more than USD268 billion in global travel sales. PhoCusWright, in what it calls the "most comprehensive study ever done into the GDS sector" based on original research and proprietary...
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New Zealand's Auckland International Airport (AIAL) has agreed to purchase a 24.55% stake from Westpac Bank in North Queensland Airports (NQA), the operator of Cairns Airport and Mackay Airport, for NZD166.5 million (AUD133.5 million, USD123.4 million). AIAL’s CEO, Simon Moutter stated he is bullish...
Ryanair, easyJet and Air Berlin handled over 139 million passengers in 2009 between them, a 7.7% year-on-year increase, despite 2009 being one of the most challenging years ever for the European aviation industry. The combined figure of the three LCCs is a massive 80% increase from 2005 levels. It is...
Worldwide airline capacity for Jan-2010 is positive compared to Jan-2009, according to OAG, marking the fifth consecutive month in which airline capacity has grown. Globally, some 294.6 million available seats are scheduled this this month, up 3% over the year-ago period. Global frequencies are up 2...
Major European airport operators were among the positive performers yesterday. TAV Airports and Copenhagen Airport, gained 5.6% and 3.7%, respectively. Denmark’s Copenhagen International Airport reported a 3.9% year-on-year increase in passenger numbers to 1.4 million for the month.
European shares were up for the second consecutive session on Thursday (14-Jan-2010), boosted by the mining and banking sectors, pushing up airline share prices. In major news, the European Central Bank (ECB) decided to put interest rates on hold, due to low inflation and uneven growth in the economy...
Viva Macau has reportedly requested an extension on government financial assistance, according the Hoje Macau newspaper. The airline was granted financial assistance from mid-2008 until Sep-2009, reportedly through the Commercial and Industrial Fund, through which the government can finance private...
14-Jan-2010 could be an important date in the airline cost battle, with the US Commodity Futures Trading Commission (CFTC) proposing to implement speculative position limits for futures and option contracts in certain energy commodities. The current Commodity Exchange Act gives the CFTC the authority...
Boeing is reportedly due to test fly its first B747-8 in the next few weeks. While the anticipation of first test flight of the aircraft does not approach that which surrounded the B787, it will still be one of Boeing’s major milestones for 2010. Like the B787, the first B747-8 delivery is scheduled...
Malaysia Airports Holding Berhad (MAHB) surged 9.5% yesterday, as Khazanah Nasional, 67.74% stakeholder in the airport’s operator, stated its financial restructuring in 2009, has given MAHB a stronger financial base to undertake selected overseas ventures in India and Turkey, while also embarking...
JAL’s shares gained 14.3% yesterday, as more than 1 billion JAL shares changed hands, a single-day record for a Tokyo Stock Exchange-listed company, setting a new record following the previous days’ 822 million shares being traded.
Airline traffic for scheduled domestic and international passengers decline 1.4% in Oct-2009 compared to Oct-2008, according to the US Department of Transportation, which added the decline amounted to 0.9 million passengers to 58.8 million and marking the 18th month of decline out of the last 19 months...
Over the past two years, many American airports have seen their service profiles radically changed with places like Cincinnati dropping further in status and service, while others, like Milwaukee, appear to be rising stars.
US and European Union representatives hope to cut a second-stage open skies agreement in the first half on 2010, despite key issues remaining unresolved. Of paramount important is ensuring that the first-stage doesn’t unravel during the negotiations.
Having pioneered the use of RNP at Juneau in the mid 1990s, Alaska Airlines is expanding its use of Required Navigation Performance precision approach technology to land aircraft in Adak, AK, and, in March, Ketchikan. The technology, growing in popularity and usage exponentially over the past few years...
Former Frontier President Sean Menke is out at Republic Airways Holdings Inc after less than six month as Executive VP and Chief Marketing Officer for Republic's branded operations (Midwest and Frontier), effective at the end of the first quarter. The company said Menke “made the personal decision...
Sir Richard Branson has called the bidding process between American and Delta for JAL “hypocritical” compared to the proposed British Airways/American deal. He pointed out oneworld’s contention that a JAL/DL deal would “raise intractable competition issues and face severe regulatory opposition...
Air Arabia (-1.1%) was the only Middle East/African carrier to end Friday trading down.
North and South America stocks were all down on Friday (15-Jan-2010), except for Expressjet (+0.0%), which was flat at the end of trading.
European markets ended the week down on Friday (15-Jan-2010), as banking stocks fell after JP Morgan reported increasing loan losses and a fall in Wall Street in early trading.
Spain’s AENA has posted a disturbing loss of EUR434 million for 2009, with Madrid Barajas Airport reporting a EUR300 million loss for the year. The airport authority expects to record losses of EUR597.7 million in 2010, bringing its accumulated debt to EUR10.5 billion. Just nine of 48 Spanish airports...
Airports Authority of India (AAI) reports Indian domestic traffic across its airports is steadily recovering from the downward trend over 2008/09, due to strengthening demand and low monthly base figures in 2008. AAI saw double-digit growth in passenger numbers and cargo volumes in Oct-2009.
Aviation industry leaders had to feel good about last week’s meeting between dozens of the top US business leaders and the White House. After all, they heard the strongest language in decades out of the White House that gives cause for hope that NextGen will actually be deployed on President Barack...
Shares in German airport operator, Fraport, lost 2.6% on Friday, upon the release of its traffic report for Frankfurt Airport and amid wider losses on European equity markets.
