Activity in the global infrastructure segment remains somewhat muted, as recovery from the global financial crisis gathers momentum. AMP Capital Investors Head of Research, Infrastructure Greg Maclean, shares his views with CAPA's Airport Investor Monthly from the latest Global Infrastructure Report...
EADS and its partner Northrop Grumman are nearing a decision on whether they will compete with Boeing on the US Air Force’s latest round of its controversial USD40 billion aerial refueling tanker contract.
Shares in Germany’s Fraport remained virtually flat yesterday (-0.1%) yesterday, upon the release of the airport operator's preliminary financial/traffic report for the 12 months ended 31-Dec-2009.
WestJet CEO, Sean Durfy, upon the release of the carrier’s Feb-2010 traffic results, commented that “while we are seeing signs of a slight, albeit slow, improvement in the demand environment, first quarter RASM is tracking to an anticipated decline of less than 3%”. He added, “we are encouraged...
Being an airport operator in Europe was not easy in 2009, with deep declines in traffic virtually across the board. The exception was Turkey, with Istanbul Ataturk Airport showing solid growth, thanks to Turkish Airlines’ continued aggressive development. Overall, ACI preliminary data shows a 5.6%...
Indian Civil Aviation Minister, Praful Patel, at India Aviation 2010 air show, stated he expects the Indian civil aviation sector to see recovery by early 2011, based on the current growth trajectory, stating, “we have been able to weather the thunderstorm that struck the world with composure and...
International Air Transport Association (IATA), in its Airline Financial Monitor for Jan/Feb-2010, commented that airlines have "outperformed the market so far this year and, in the European and Asia Pacific regions, have kept pace with the market in the upturn of the past 12 months”.
Aviation headlines in the Middle East tend to be dominated by the ambitious sixth freedom hub players (the ‘Big Three’: Emirates, Etihad Airways and Qatar Airways). However, there are some major developments at the second tier full service carriers in the region, such as Oman Air, Royal Jordanian...
Lonrho (-4.0%) was down after a strong rise the day prior. Subsidiary, Fly540 Africa reportedly plans to sign a franchise agreement with Fly540 Zimbabwe by the end of this month, moving the Zimbabwean carrier closer to receiving an Air Operator’s Certificate from the Civil Aviation Authority of Zimbabwe...
North and South American carriers’ stocks fell on Thursday (04-Mar-2010) on weak traffic results from Republic Airways (-2.6%) and Delta Air Lines (-1.2%). The fall came despite a 0.8% decline in oil prices, to USD80.21.
European airline shares were mostly up on Thursday (04-Mar-2010), as the recent rally in oil prices (-0.8%) came to an end, ending the day at USD80.21. European markets were meanwhile down on mixed data from the US, despite the European Central Bank and Bank of England keeping rates on hold.
China’s Shenzhen Airport reported a strong net profit increase for 2009, +134.9% to USD84.2 million, on a 9.7% year-on-year increase in operating revenue to USD234.4 million. During 2009, passenger numbers rose 14.4% year-on-year to 24.5 million, while cargo volume remained virtually flat at 605,200...
easyJet reported a 12.3% increase in passenger numbers in Feb-2010, to 1.4 million, although load factors slipped 1.7 ppts to 85.3%. In the 12 months to Feb-2010, the carrier handled 46.8 million passengers (+5.2%) with an average load factor of 86.1% (+1.0 ppts). Shares in easyJet gained 2.2% yesterday...
Babcock & Brown Air finished 2009 with a “very strong” fourth quarter to report a full year net profit of USD89.1 million, an increase of 85% over 2008’s results.
Continuing our look at former hubs in the US, we move to St Louis (STL). While the end result, loss of hub status, was the same outcome seen in Pittsburgh (PIT) and Cincinnati (CVG), the circumstances and trajectory were quite different — as is the current situation.
Air China Chairman, Kong Dong, stated the carrier is interested in mergers and acquisitions in both the domestic and international market, with the carrier confirming its intention to acquire Shenzhen Airlines - China's fifth largest carrier - as part of efforts to build its strategic network and presence...
Four of the major European airport operators released their 2009 results at the end of February or beginning of March – BAA, Fraport, AdP and Schiphol Group. Amid all the intrigue over enforced airport sales (at BAA), the other talking point right now is the differing ways these operators are handling...
As the US economy continues to recover, oil prices are slowly pushing higher. Better US employment figures, combined with a lower US dollar has seen oil prices increase again this week, but there is still uncertainty lingering over the pace of an economic recovery and a rebound in oil demand.
Royal Jordanian (+0.5%) and Arab Bank have launched a co-branded visa card in Bahrain, enabling cardholders to earn and redeem points against purchases against free tickets and upgrades to Crown (new First/Business) class, under RJ's Royal Plus frequent flyer programme.
North and South American carriers rose with the wider market on Friday (05-Mar-2010), with the Dow (+1.2%) rising on news US job losses were smaller than expected in Feb-2010, withthe unemployment rate remaining at 9.7%. Furthermore, job losses totalled 36,000 for the month, much lower than the 67,000...
European carriers’ shares were led higher on Friday (05-Mar-2010) by Nordic airlines reporting traffic results for Feb-2010, despite a rise in oil prices (+0.4%), to USD81.18. Wider markets also pushed airline shares higher, with markets up on easing concerns over Greece’s debt issues and a smaller...
EADS finally has a deal which will salvage its EUR20 billion A400M programme, at the cost of an EBIT and net loss in 2009.
Shares in Italy’s Autogrill regained 1.3% on Friday, following the release of the company’s financial report for 2009, which sent its shares 2.8% lower on Thursday. CEO, Gianmario Tondato Da Ruos, forecasts two scenarios for the company in FY2010: “blustery” and “breeze”, which have been...
Southwest Airlines shares gained 0.6% on Friday, upon the release of the carrier’s Feb-2010 traffic results.
Tiger Airways’ shares soared 6.8% on Friday in Singapore, Qantas gained 1.5%, while Virgin Blue’s shares closed 3.5% lower in Sydney, as investors digest the implications of recent executive changes and market share maneuvers.
Comair (-1.4%) reportedly plans to submit another proposal to acquire the existing Durban International Airport site, following the opening of King Shaka International Airport, which is expected to be completed by the end of Apr-2010. The carrier submitted a proposal to acquire the site in 2009, which...
AirTran’s presentation at the Raymond James 31st Annual Institutional Investor Conference placed two things at the forefront of investors' minds – the Milwaukee end game and international expansion. With Milwaukee (MKE) in play between three different carriers which hope to build it into Chicago...
While it remains to be seen from which US domestic points Allegiant will serve the Hawaii market, the LCC assured investors yesterday that, rather than being an anomaly to its normal modus operandi, the Hawaii service fits perfectly into the strategy that has made it record profits and margins and has...
Jesup & Lamont maintained its ‘Hold’ rating on Allegiant Travel Company’s shares, “primarily because of a relatively difficult first quarter comparison”.
North and South America carriers’ shares tumbled on Monday (08-Feb-2010), as oil prices rose again, up 0.5%, to USD 81.87. The Dow (-0.1%) slipped as investors continued to assess the strength of the US economic recovery, following better than expected US jobs data on Friday.
