Southwest Airlines CFO, Laura Wright, stated the LCC is open to acquisitions, although such a strategy would come second to growing the carrier organically. The carrier has only made three acquisitions in its nearly 40-year history and failed in its bid to acquire Frontier Airlines last year.
Air France–KLM CEO, Pierre-Henri Gourgeon, has labelled the state of oil prices as “abnormal”, “uncontrollable” and “unmanageable” and is pushing for regulators to create “coalitions to limit this indecent spiral”.
US airports dominate the Top 20 rankings of global airports, in terms of aircraft movements, according to a new worldwide airport traffic report being assembled by the Centre for Asia Pacific Aviation (CAPA), underscoring the importance for US authorities to progress NextGen ATM upgrades, particularly...
Shares in New Zealand's Auckland International Airport gained 0.5% yesterday, ahead of the operator’s financial report for the six months ended 31-Dec-2009. The company’s operating EBITDA remained stable (+0.1%) at USD96.4 million, on a 0.6% year-on-year reduction in revenue to USD127.0 million...
Air New Zealand’s shares fell 0.8% yesterday, ahead of the release of the carrier’s financial results for the six months ended Dec-2009 this morning.
Air New Zealand reported a more than doubling of net profit in the six months to 31-Dec-2009, as the carrier reduced costs in response to declining passenger demand and yields. However, the carrier has warned of a weaker, yet profitable, result in the second half, echoing comments made earlier this...
It may be two years overdue, but cross-equity partners Air China and Cathay Pacific have made good on their 2006 promise to develop a cargo JV carrier in Shanghai. As cargo markets come out of their two-year trough, the timing is good for the 51:49 Air China-Cathay foray into the Yangtze River Delta...
Dubai Duty Free is likely to have maintained its position at the forefront of worldwide duty-free retailers by revenue in 2009, a position the company first attained in 2008. This conclusion is based upon Dubai International Airport’s solid increase in passenger numbers last year, compared to traffic...
AirAsia cannot be immune from the cold economic winds sweeping the world. The LCCs is facing increasing headwinds: fuel prices are rising in line with recovering economic growth, Malaysia Airlines is being recapitalised and coming out of its shell, ancillary revenue growth is waning, network expansion...
Three major purchases from three different US carriers have brightened the outlook for aircraft ordering in 2010. The largest, by value, is United Airlines’ order for 25 B787-8, valued at list prices at USD4.2 billion. United also took an option for an additional 50 B787s.
The first half of 2010 is shaping up as a critical period for cross-Strait air service expansion. Carriers on both sides remain hopeful that there will be further progressive liberalisation of access arrangements on the route, to enable carriers to capitalise on the massive market potential for business...
European carriers’ shares moved higher with wider European markets on Friday (26-Feb-2010), following news the US economy grew faster than expected in 4Q2009, with banking and mining sectors leading a rise in the markets. Reports Germany is considering purchasing some of Greece’s bonds as an emergency...
Shares in China’s Shanghai International Airport Co closed 1.9% lower on Friday, ahead of the release of the airport operator’s financial report for the 12 months ended 31-Dec-2009 (on Saturday, 27-Feb-2010).
Vietnam’s aviation market is an extremely dynamic and high-potential one. But like most emerging markets, infrastructure issues and the regulatory environment (including rising conservative forces during the economic downturn) are providing some challenges to development. The country’s airlines...
Tiger Airways CEO and President, Tony Davis, stated the group will “continue to look at opportunities to set up new Tiger ‘Cubs’, to grow its existing business in the growing Asia Pacific region. The carrier added that Tiger Airways Australia’s operations have been profitable for the past six...
Safran Group’s headline revenue grew 1.5% in 2009, to EUR10.45 billion, which was a “strong performance… in an unsettled civil aerospace environment”, according to CEO, Jean-Paul Herteman. However, organic revenue growth actually fell 2.9%, as the company benefited from a EUR255 million currency...
Thai Airways’ shares gained 6.1% on Friday, rising to the highest level in more than four months in Bangkok, after the airline reported a better-than-expected FY2009 net profit (of USD222.5 million, compared to a loss of USD647.7 million in the previous corresponding period) and a positive profit...
Newly-listed Tiger Airways Group reported a recovery in profitability in the three months ended 31-Dec-2009, with Group President and CEO, Tony Davis, stating he was “pleased” with the “strong” financial results in the quarter, driven by profitability and traffic growth (+54% to 1.3 million...
Cincinnati has a great location. Located on the Ohio/Kentucky border, it is far enough south to avoid much of the extreme winter weather that afflicts cities a bit further north. It is roughly equidistant from New York and Washington. In its annual report, the airport states that half of the US population...
In a brief statement, the JAL Group has revealed a USD1.36 billion operating loss for the nine months ended 31-Dec-2009, compared to a loss of USD100 million in the previous corresponding period. Operating revenue for the nine-month period slumped 22% to USD4.28 billion, for an operating margin of -...
