Aircastle's shares fell 5.7% on Friday, following a downgrade from ‘Buy’ to ‘Hold’ of the stock from Citigroup. Strong early trading saw the stock dip to USD10.30 per share, before recovering slightly to USD10.57.
Air Berlin’s shares were up slightly on Friday, gaining 0.2%, as the carrier’s CCO, Christoph Debus, stated the carrier is optimistic about the outlook for 2010, and is planning to achieve a clearly positive earnings result for FY2010.
Japan Airlines’ shares slumped 12.5% on Friday, following a 14.3% gain on Thursday, on news that Asia’s largest airline by revenue will file for bankruptcy protection as early as tomorrow (19-Jan-2010), as part of a restructuring programme being crafted by the state-backed Enterprise Turnaround...
Rumours strengthened over the weekend that Delta and SkyTeam have won the beauty contest for the hand of Japan Airlines, after bankruptcy is declared, probably tomorrow. If that is the case – and cautious judgments are always wise in the Japan environment – then beauty was probably not the determinant...
Asia Pacific low cost carriers (LCCs) accounted for 15.7% of total seats in the region last year, or just under one in every six seats provided by the airline industry. The figure is up from 14.1% in 2008 and just 1.1% in 2001, completing a remarkable decade for the LCC sector in the Asia Pacific region...
There is more to the Aer Lingus pilots’ tentative acceptance of last week’s arbitration tribunal’s recommendations than merely salary and benefits. This involved the carrier’s EUR30 million cost reduction strategy involving a “redundancy recommendation, pay and allowance cuts, pension changes...
African airlines are expected to take delivery of 73 new aircraft in 2010 – making it a peak year for deliveries to the region, after 42 deliveries last year, 26 in 2008 and 39 in 2007. Approximately 66 aircraft are scheduled for delivery in 2011, according to Ascend fleet data. The 74% year-on-year...
The majority of African and Middle East carriers witnessed rises in share prices on Monday (18-Jan-2010).
Of those that traded on Monday (18-Jan-2010), North and South American airline stocks were mixed. Canada’s TSX (0.6%) ended trading higher, as did the Bovespa (+0.6%), pushed by advances in major companies, Petrobras and Vale. US carriers did not trade on Monday due to the Martin Luther King public...
Over the course of the coming decade, the world's international airports will be presented with unprecedented route development opportunities, as the 'Big Three' Middle East carriers, Etihad Airways, Qatar Airways and Emirates, enter a highly aggressive development phase. With an average 42 aircraft...
European markets made tidy gains on Monday (18-Jan-2010), recovering from falls on Friday (15-Jan-2010), thanks to gains in mining stocks and a rebound in banking shares in London.
Worldwide premium traffic is still contracting, although volumes have now recovered by approximately 5% from the May-2009 low point. However, there are large differences between the recovery of premium traffic in geographical markets, “reflecting the very different pace of economic recovery in major...
Tiger Airways Holdings’ IPO has to be considered a success in today’s difficult times. With 165,155,000 shares offered, priced at SGD1.50, the heavily oversubscribed share issue yesterday raised SGD247.7 million (USD178 million), valuing the company at SGD781.3 million (USD563.7 million). Tiger...
Shares in Shanghai Airport surged 7.3% yesterday, lifted by a jump in airline trading in Shanghai, while the Shanghai Composite rose 0.4%.
The following is the response from Mohd Azha Abdul Jalil, Chief Financial Officer, Malaysian Airline System Berhad to a recent CAPA report. "We refer to the article titled, "2010 Year of the Asian Airline Bailout: China Eastern, Air India, JAL, THAI, MAS & Garuda" which was published online on 12th...
SpiceJet CEO, Sanjay Aggarwal, in an interview with the Economic Times, stated the carrier is “looking at opportunity to raise capital from the market”, adding, “the number would be in the neighbourhood of $50-75 million”.
Japan Airlines’ shares slumped 28.6% on Monday, to close at another new all-time low of just JPY5 on the expected eve of a bankruptcy filing for the struggling carrier.
As JAL declares bankruptcy and Delta closes in on a new partnership, the oneworld alliance and its members are contemplating the wave of change that is hurting them so much. The alliance’s leading US and European members, American Airlines and British Airways, are struggling to reinvent themselves...
North and South American carriers made gains on Tuesday (19-Jan-2010), pushed higher with the wider market.
Kenya Airways (+9.1%) made strong gains on Tuesday (19-Dec-2009), after Singapore and Kenyan governments signed an Air Services Agreement (ASA).
After the dramatic changes of the last five years, the Indian aviation industry is starting to see the emergence of a more favourable environment. India’s GDP growth slowed from over 9% in 2007/08 to 6.1% in 2008/09. However, given the contraction globally, this was a relatively a good result. The...
European markets gained on Tuesday (19-Jan-2010), after being down most of the day due to a fall in banking shares ahead of the release of earnings results. Energy stocks were also lower.
There can be few better examples of the global financial crisis’ impact on aviation than the level of flight movements in Europe. In its latest forecast, EUROCONTROL, the European air navigation safety organisation, noted that 2009 European flight numbers have “tracked 2006 for most of the year”,...
Southwest’s shares gained 0.2% yesterday to close at USD11.43, with the share price currently above its 50-day moving average of USD10.23 and above its 200-day moving average of USD8.45. SmarTrend added that it expects these moving averages to climb to confirm the company's upward momentum.
Shares in GVK Power and Infrastructure (GVKPIL) dipped 2.1% yesterday, as Bangalore International Airport Ltd (BIAL), one of its key interests with a 29% stake, reconstituted its Board of Directors, inducting three new members from GVKPIL - GV Krishna Reddy, Indira K Reddy and GV Sanjay Reddy.
The bankruptcy and restructuring of Japan Airlines may have an upside for manufacturers of smaller aircraft, with the carrier announcing plans to slash its fleet of widebody aircraft and acquire smaller aircraft, allowing it to focus on more local and regional routes.
It is one of those ironies of fate that Japan Airlines (JAL), Asia's biggest and oldest full service airline, should be bankrupted in the same week as one of the newest and smallest LCCs, Tiger Airways, manages a successful IPO. Or perhaps it is simply a sign of the times. JAL's hideously costly operation...
Yields declined by double digits for all regions served by US airlines, according to the Air Transport Association, which released its data last night. The charts were released on the cusp of the reporting season in which US airlines are expecting losses, albeit smaller than had been anticipated mid...
After a host of US airports lost service with the dramatic capacity cuts during 2008 and 2009, another 30 airports that rely solely on regional airlines to connect them to the national air transportation system, are at risk of losing all air service, according to a new study.
Japan Airlines’ shares closed flat at JPY5 per share yesterday as the airline announced as expected, after the market close, that it would file for bankruptcy. JAL shares will be delisted on 20-Feb-2010.
