Indonesia is a high-potential aviation market, with a strong natural requirement for air services and a large population with rising incomes to support the industry. The rationalisation of domestic capacity over the past two years has helped restore financial health to the airline sector – to the...
Indonesia is a high-potential aviation market, with a strong natural requirement for air services and a large population with rising incomes to support the industry. The rationalisation of domestic capacity over the past two years has helped restore financial health to the airline sector – to the...
SpiceJet’s shares gained 3.5% on reports in the local media that WR Ross & Sons, Goldman Sachs and Dubai’s Istithmar may increase their stake in the carrier to 40.27%, through the conversion of foreign currency convertible bonds and warrants to equity.
Aircastle has continued a solid series of profit reports for aircraft leasing companies, declaring a net profit of USD23 million in 4Q2009 and a full year result of USD104.8 million. While the result is a decrease of 30% on the USD150.1 million profit it reported in 2008, the company was satisfied to...
European carrier shares fell with the wider market on Thursday (11-Mar-2010), on concerns China will increase interest rates after a rise in inflation in the country. Investors were also disappointed with economic data from the US, which pushed down Wall Street.
Shares in Turkey’s TAV Airports Holding Company closed 0.9% higher yesterday, upon the release of the company’s financial report for the 12 months ended 31-Dec-2009. The airport operator reported a record high net profit for the year of EUR51.5 million, up ten-fold from a EUR4.7 million net profit...
The International Air Transport Association (IATA) has halved its airline industry loss forecast for 2010 to USD2.8 billion (compared to the USD5.6 billion loss forecast in Dec-2009) and lowered its 2009 loss estimate from a previously forecast USD11 billion to USD9.4 billion. The upgrade is largely...
Thai Airways’ shares eased 1.6% yesterday as the social and political atmosphere heats up again in Bangkok.
IATA Director General and CEO, Giovanni Bisignanni, labelled oil prices as the “wild-card” for airlines this year, even as it has halved its forecast for industry losses in 2010 from USD5.6 billion to USD2.8 billion.
US airlines are largely making do with their current fleets, with capital expenditure mostly going into upgrading the passenger experience or the efficiency of the aircraft. That much was clear from executive comments at this week's JP Morgan conference. Legacy carrier CEOs spoke of upgrading the front...
Indonesia’s new Transport Minister recently referred to Jakarta’s Soekarno-Hatta Airport Terminal 1 as ‘a mess’, demanding to know why a country that is not poor or lacking in education seems unable to operate public transport facilities that are at least clean. Minister Numberi is right, Indonesia...
Comair (+12.2%) was the day’s biggest gainer, as the South African FTSE/JSE Africa All Share Index rose 1.3%. 1time Holdings was flat.
A slight majority of North and South American carriers’ stocks rose on Friday (12-Mar-2010), as a gain in oil prices (+1.1%), to USD81.24, unsettled investors. The Dow (+0.1%) rose marginally on news retail sales unexpectedly rose 0.3% in Feb-2010. However, the news was coupled with downward revisions...
The majority of European carriers’ shares rose on Friday (15-Mar-2010) on gains in wider markets and positive news from Nordic carriers SAS (+5.6%) and Finnair (+2.6%). European markets gained on news industrial production in the eurozone rose 1.7% from the previous month in Jan-2010. Positive economic...
Brazil’s Embraer is expected to report a 7.1% fall in net income in 4Q2009, based on a Reuters survey of five analysts.
Shares in Norwegian Air Shuttle slipped 2.0% yesterday (but have advanced 26% so far in 2010), as Finnair CEO, Mika Vehvilaeinen, stated the carrier is seeking a codeshare agreement with Norwegian Air Shuttle, as part of efforts to increase passenger numbers on its nine international services to Asia...
Shares in China’s Guangzhou Baiyun International Airport closed 1.9% lower on Friday ahead of the release of its financial and traffic report for 12 months ended 31-Dec-2009 on Saturday.
Asiana Airlines shares slumped 12.5% on Friday to their lowest level in over a month on concerns about a capital write-down of Asiana Airlines, in return for a fresh injection of funds. Its shares fell as much as 14.7% in intra-day trade.
Several interested parties are lining up to purchase a portfolio of USD3.5 billion in aircraft from ILFC, as parent company, American Insurance Group (AIC), sells off part of the leasing unit’s USD44 billion, 1,080 aircraft fleet. The sale is another indication of the shakeout going on in the aviation...
Air Arabia (-1.0%) selected SITA to provide air-ground communications, including data link services for the airline’s expanding operations.
European carriers shares fell with wider markets on Tuesday (15-Mar-2010), despite a fall in oil prices (-1.8%), to USD79.80. Wider markets were down, continuing to suffer from the possibility of China tightening its monetary policy.
The wider market pushed North and South American carriers’ shares lower on Monday (15-Mar-2010). The drop came despite a decline in oil prices (-1.8%) to back below USD80 per barrel (to USD79.80).
Last week the United Arab Emirates upped the ante in a battle over market access to Canada for its national airlines, Emirates and Etihad. By introducing the issue of Canada’s military bases into the aviation bilateral argument, the UAE hardly used a new tactic in this age old and archaic industry...
Pittsburgh, Cincinnati and St Louis airports were developed and then partly abandoned. In this review, we look at three smaller cities that had hopes raised and then dashed; but to quite different outcomes, and each with some hope for the future. The three are Raleigh-Durham, North Carolina (RDU), San...
The European Low Fare Airline Association (EFLAA) stated its 11 members (Blue Air, bmibaby, easyJet, Flybe, Jet2.com, Norwegian, Ryanair, SverigeFlyg, transaviation.com, Vueling and Wizz Air) carried 162.5 million passengers in 2009, an 8.7% year-on-year increase, equating to an additional 13 million...
Malaysia Airports Holdings Berhad (MAHB) has released financial highlights for the 12 months ended 31-Dec-2009. A full house of positive results emphasises the extent of the turnaround. MAHB has succeeded in its stated aim of enhancing non-aeronautical revenues via its Retail Optimisation Plan with...
The relationship between regional airlines and the majors is constantly evolving. In the future, we may see regionals morphing into a kind of hybrid business model similar to what is currently happening with Republic Airways Holdings, according to Aviation Consultant, George Hamlin, who spoke before...
Shares in GOL declined 1.1% yesterday, as Raymond James cut the stock from ‘market performance’ to ‘underperform’. Yesterday’s share price reduction also reflects an overall weakness in Brazilian stocks (down 0.25%) on Monday, as concerns regarding monetary policy tightening in China –...
China’s Xiamen International Airport Co CEO, Wang Xiaolin, recently announced plans to launch a low cost carrier terminal (LCCT) at Xiamen Gaoqi International Airport.
CAAC reported a 523% surge in industry profits in Feb-2010, to CNY2.1 billion (USD303.1 million), due to significant increases in passenger and cargo traffic attributed to the Chinese New Year Holiday period. Airline profits surged 1.458% to USD253 million, with airport profits up 345% to USD16 million...
