1time (+13.3%) shares soared after it stated it expects to report headline earnings per share of ZAR0.36-0.40 for the 12 months ended 31-Dec-2009, after reporting a loss in 2008.
The majority of North and South American carriers witnessed a decline in stocks on Tuesday (16-Mar-2010), as oil prices (+2.4%) rebounded, to USD81.70. The fall was despite gains in the wider market, with the Dow (+0.4%) up as the US Federal Reserve maintained benchmark rates near zero, and again pledged...
Southwest, the star performer in improving its unit revenues in recent months, continued to trump JetBlue, Continental Airlines and US Airways in this metric in Feb-2010, and was joined by United Airlines in reporting double-digit PRASM growth in the month.
The majority of European carriers' shares were up on Tuesday (16-Mar-2010), moving with wider markets, after EU ministers agreed to a plan to help Greece financially, if required.
Sean Durfy’s imminent departure from WestJet, where, as President and CEO, he led it through a complex period of evolution, will be a considerable loss – as investors clearly thought, this week driving the company’s share price down steeply yesterday. The airline is on the brink of leaping into...
Airports of Thailand (AoT) shares gained 2.7% yesterday, with assurance from the Tourism Authority of Thailand (TAT) and PATA that the protests in Bangkok have not caused major disruption in the city and Bangkok remains a safe destination for both leisure and business travelers.
As air travel recovers, the outlook for the MRO industry is also improving, although not quite at the pace some observers forecast towards the end of 2009. Goodrich Corp CFO, Scott Kuechle, commented this week that a recovery in MRO activity is due in 2H2010, but the company does not expect to see real...
The US Senate has finally turned its attention to the USD35 billion Federal Aviation Administration Reauthorization legislation that has lain fallow for so long – since the expiration of the last Reauthorization legislation in 2007. Planning of every kind fell victim to the series of no less than...
The Department of Transportation has delayed until 14-Jun-2010, the requirement that carriers post flight-delay information on their websites. The new date delays implementation for 45 days beyond the original 29-Apr-2010 date. Comments are due by 25-Mar-2010 on the new rule announced last December...
China Eastern Airlines’ shares rose 1.9% yesterday as the carrier revealed a 14.7% jump in Feb-2010 passenger numbers.
Kuwait National Airways (-1.8%) was down after Wataniya Airways Chairman and Managing Director, Abdulsalam Al-Bahar, stated the airline is looking forward to the privatisation of Kuwait Airways Corporation, stating it is currently difficult to compete with KAC as a private sector airline, as fuel and...
Washington is lustily eyeing airline ancillary revenues with the House and Senate addressing it in different ways. The Senate is taking a consumer affairs approach in its Federal Aviation Administration reauthorization bills which may actually be enacted this spring….maybe, we hope, there’s a chance...
Brazil’s Ministry of Defence, in a Bill sent to Congress, proposed to raise the foreign ownership cap applying to airline ownership, potentially enabling international parties to acquire up to a 49% stake in Brazilian airlines (up from the current 20% limited). GOL’s shares were 2.3% lower yesterday...
North and South American carriers’ shares were mostly down on Wednesday (17-Mar-2010), despite the Dow (+0.5%) reaching a 17-month intra-day high during trading. The rise came after the US Labor Department reported a seasonally adjusted 0.6% year-on-year decline in the producer price index for finished...
European carriers’ shares were mixed on Wednesday (17-Mar-2010), despite European markets reaching a 17-month closing high. Shares gained after the US Federal Reserve stated the day prior that it would keep interest rates near zero for the forseaable future.
A strong resurgence in world trade has seen a direct correlation with the return of premium travel, according to IATA. This leads to a conclusion that the decline in premium traffic last year may not have been as terminal as many feared. Indeed, says Brian Pearce, IATA’s Chief Economist, instead of...
Shares in Airports of Thailand (AoT) gained 2.0% yesterday, with the release of the airport operator’s traffic report for Feb-2010. Passenger numbers rose 25.6% year-on-year, with all six AoT airports reporting an increase in passenger numbers better than 20%. Cargo volumes also improved significantly...
IATA, in its Premium Traffic Monitor for Jan-2010, stated that premium (and economy) traffic continued to show “very strong growth” within Far East/Asian markets, reflecting the strong economic upturn being experienced in this region, driven by growth in the Chinese economy. Premium traffic ‘within...
As the UNITE-led strike deadline of British Airways flight attendants approaches, forces are lining up around the world to show solidarity. Many of the statements are typical of similar events in the past. But on this occasion it has a different ring about it. There appears to be a growing feeling that...
United and Alaska are the only two legacies with regional affiliate programs that actually make money, according to analysis by AirlineFinancials.com. USAirways has the narrowest losses at USD75 million with Delta and American topping the list on losses at about USD500 million apiece. In 2008, not one...
Airline pilots are flexing their muscles at United while Continental posed a cut-to-the-chase offer to its pilots at the same time reaching a tentative agreement with dispatchers.
European airline shares gained on Thursday (18-Mar-2010), as oil prices (-0.9%) fell, to USD82.20. The gains came despite a fall in wider markets, as markets start to become exhausted, according to UniCredit head of global equity strategy, Gerhard Schwarz, in an interview with Reuters. Mr Schwarz stated...
Royal Jordanian Airlines (+2.9%) was one of the few carriers to gain on Thursday (18-Mar-2010). President and CEO, Hussein Dabbas, stated during trading the carrier is scheduled to receive its first group of B787s in Oct-2013. The carrier ordered 11 B787s in 2006 and the current delivery schedule represents...
Unpredictable economies and delays to new aircraft programmes have turned fleet management into an art rather than a science according to IATA, and caused major headaches for airlines.
The continued volatility in week to week pricing has ensured that many carriers are taking cautious approached to fuel hedging, but there are signs that renewed strong hedging positions may be taken as oil climbs back over USD80 per barrel, and now threatens to break through USD85 for the first time...
North and South American airline shares were mixed on Thursday (18-Mar-2010), with the AMEX Airline Index (-0.2%) slipping, despite a drop in oil prices (-0.9%), to USD82.20 and another wider market rally. The Dow (+0.4%) rose for an eighth consecutive day, pushed higher by Boeing shares, after Bernstein...
Air Berlin narrowed its net loss to EUR9.5 million in 2009, a considerable improvement from a EUR83.5 million net loss in 2008, as it reduced operating expenses by 6.2% (as a result of the carrier’s efficiency programme), exceeding the 4.4% revenue reduction in the period.
Shares in MAp slipped 0.7% yesterday, ahead of the release of the airport operator’s traffic report for Feb-2010. Both Sydney and Copenhagen airports posted double-digit growth in the month, with Brussels also up and ASUR the only investment airport to decline.
Chinese airlines’ shares rose on Thursday, on expectations of a stronger Yuan, which would help reduce the cost of aviation fuel and aircraft purchases. China Southern and China Eastern led the way, with gains of 5.3% and 5.6%, respectively, while shares in Air China were up 2.0%. Hainan Airlines’...
Air Arabia was flat despite announcing during trading that its Board of Directors approved the payment of a cash dividend of 10% for 2009 at its third Annual General Meeting. The carrier reported a 14.2% year-on-year increase in revenue to USD536.9 million and a net profit of USD123.1 million (-11.4...
