Shares in Vueling soared 9.2% yesterday, as the carrier reported a 94.8% increase in passenger numbers, to slightly over 675,000 in Jan-2010, as the number of flights offered by the carrier doubled, due to increased traffic volumes attributed to the carrier's merger with clickair in Jul-2009. Load factors...
Air France-KLM reported “some signs of recovery in activity” during the Dec-2009 quarter (its fiscal third quarter), but it expects to report a fourth quarter loss on par with last year’s result as the economic environment “remains difficult”. The airline stated the trend in unit passenger...
Asiana Airlines’ shares slipped 3.2% yesterday, as the carrier reported continued losses in 4Q2009 and FY2009, but it expects a return to operating profits in FY2010.
AirAsia has at last broken into the high potential Vietnam aviation market, revealing the acquisition of a 30% stake in a local airline. This is the carrier's fourth ASEAN venture (after Malaysia, Thailand and Indonesia) and setting it on course to tackle its next ASEAN ambition; a venture in The Philippines...
Jazz is working on a restructuring plan to accommodate the tax reform on income trusts, such as Jazz, passed in Canada last year. The reform is effective in 2011 and the company, which said the conversion costs – between CAD2 and CAD3 million this year – would not be recoverable. It has made completing...
Singapore Airlines, British Airways, United Airways and Kingfisher Airlines all reported better than expected earnings for the three months ended 31-Dec-2009. The reason: they each aligned capacity levels much more closely with demand; but it was their action in slashing into labour costs that really...
Lonrho (-4.1%), 1time (-3.5%) and Comair (-1.3%) shares all dropped on Thursday (11-Feb-2010). South Africa’s FTSE/JSE Africa All Share Index (-0.1%) fell for a second consecutive day, pushed down by a fall in mining stocks, after the European Union declined to provide details of plans to assist Greece...
The majority of North and South American carriers' shares were up on Thursday (11-Feb-2010), moving with the wider market. The Dow (+1.1%) was up after the US Labor Department stated first-time jobless claims fell to their lowest point since Jul-2009, indicating that the labor market is improving. Stocks...
SkyWest Inc reported USD19.5 million profit in 4Q2009, down from the USD21.2 million profit reported in the corresponding period last year. For the full year, the company reported USD83.7 million in net income, compared to USD118.7 million in 2008, reflecting a change in the way fuel is bought, according...
European markets were down slightly on Thursday (11-Feb-2010), after the European Council stated it would assist Greece with its debt issues, but declined to outline its plans, with banking stocks declining as a result. Consequently, European airline shares were mainly down at the end of trading.
Rolls-Royce reported a record year for revenue in 2009, with group revenues surpassing GBP10 billion and the company’s order book growing to GBP58.3 million, of which Boeing civil aerospace accounts for GBP47 billion.
For centuries New York has been the point of entry for persons headed for the US. In recognition of this status, Eliis Island is now a National Monument dedicated to the millions who passed through its facilities. In the 20th century, as aviation overtook sea travel, the focus shifted to the airports...
Zurich Airport reported a 5.6% increase in commercial revenue from retail, duty-free and F&B for Jan-2010, in line with a 6.5% increase in passenger traffic, although revenue per departing passenger dipped 0.9% year-on-year to EUR31.82. Shares in the airport were up 1.1% yesterday, upon the release...
OAG stated the world’s airlines expanded capacity levels for the sixth consecutive month in Feb-2010, with a 5% year-on-year increase in seat capacity and 4% increase in frequencies, led by an 11% increase in seat capacity and frequency by LCCs, which now account for 19% of total worldwide flights...
Considering the limited number of slots (five) available under the FAA’s airport Pilot Privatisation Programme a lengthy queue of airports seems to be forming to take advantage of it if they can. Two airports in the Los Angeles area have recently emerged as contenders and for quite different reasons...
Malaysia Airlines’ shares fell to their lowest level in more than seven years yesterday, to close at MYR1.92, as investors sold stock in the airline to seek cheaper rights shares. Under the rights issue, MAS is offering 1.7 million new ordinary shares at MYR1.60 per share.
The majority of Middle East and African airline shares were down on Friday (12-Feb-2010), with 1time Holdings (+2.7%) the only carrier to close higher.
Most North and South American carriers’ stocks were up on Friday (12-Feb-2010), boosted a decline in oil prices (-2.0%), to USD73.05 and a rise in fares by five major US carriers. The AMEX Airline Index (+1.7%) made gains as a result.
Multiplus, the frequent flyer management company of TAM, Brazil's largest airline, raise USD393 million in its IPO on Brazil’s Bovespa index in early Feb-2010. Despite the IPO price of BZR0.16 per share, well below the IPO estimate of BZR0.18-24, and a few disappointing days of early trading, the...
Shares in Jet2.com’s parent, Dart Group, slumped 10.8% on Friday, while Aer Lingus (-7.1%), SAS (-6.6%) and British Airways (-4.1%) all came in for heavy selling.
AirTran Airways’ shares rose 4.2% on Friday, despite new DoT data revealing the carrier ranked 17th of 19 airlines in on-time performance for 2009, finishing just ahead of two Delta regional affiliates. AirTran was also third last in the Dec-2009 figures.
On 13-Feb-2010, the US Department of Transportation tentatively authorised American Airlines and British Airways’ application for anti-trust immunity to permit a trans-Atlantic joint venture that will allow joint pricing, scheduling and marketing by the two carriers, as well as with other oneworld...
There is good news for American travelers. Data just released confirms that, according to the metrics used by the US Government, airlines performed at stellar levels in the most recently released report. So, problem solved. Air travel is making a comeback and the future portends a new generation of...
Fraport stated it is hoping for a compromise with airlines in its negotiations over airport charges, with spokesman, Juergen Harrer, commenting to Dow Jones, that "if all parties are want to agree, we will reach a workable solution”.
Cathay Pacific’s shares gained 2.5% on Friday as the airline released traffic figures for Jan-2010 showing a small increase in passenger volumes and a “significant” rise in cargo tonnage.
Jazeera Airways' (+2.1%) shares made gains after the carrier announced it has fully acquired Sahaab Aircraft Leasing Co (Sahaab), a private aircraft leasing firm, for KWD25.6 million. The acquisition gives Jazeera Airways a platform to "pursue strategic vertical integration initiatives" lined up for...
LAN (-0.8%) shares were down on Monday (15-Feb-2010), after Chile’s IPSA (-0.9%) index closed slightly lower in light trade, as US markets were closed for Presidents Day. The market is currently awaiting Chile's President-elect, Sebastian Pinera’s sale of his 26.3% stake in LAN. Mr Pinera plans...
The majority of European airline shares were up on Monday (15-Feb-2010), after the US Department of Transportation (DOT) recommended antitrust approval of an alliance between British Airways, American Airlines, Iberia, Royal Jordanian and Finnair. Another drop in oil prices (-2.0%), to USD73.05, also...
Simulator manufacturer CAE reported another strong day of trading on Monday, with its share price gaining 4.1%, to finish the day at CAD9.20, a gain of just under 50 cents since it announced a weak third quarter result late last week.
Shares in Airports of Thailand (AoT) lost 1.9% yesterday, upon the release of the group’s financial report for the three months ended 31-Dec-2010. AoT increased aeronautical revenue by 18.2% in the quarter, while non-aeronautical revenue jumped 11.7%, to a combined total of USD187.5 million.
