Poland’s Polish Airports State Enterprise (PPL) has signed an agreement with two US consultancies for the preparation of a ‘Strategy for PPL for the years 2010-2020’ and ‘Master Plan for Development of Warsaw’s Chopin Airport for the years 2010-2035’ studies. This development comes amidst...
Asia Pacific air travel volumes are booming again, particularly at the pointy end of the aircraft, thanks to a better than expected economic performance by many of the region’s leading economies. China’s first quarter GDP surged 11.9% in the first quarter, to record the fastest annual growth rate...
The majority of African and Middle Eastern carriers’ shares were down on Friday (16-Apr-2010), with Comair (+2.3%) the only carrier to make gains, after finalising plans on Thursday to open its rights offer on 03-May-2010.
US airline stocks were down quite heavily on Friday, as the wider market fell in response to news of a civil lawsuit against Goldman Sachs. Airline stocks were also hit by the Icelandic volcanic eruption, which is playing havoc with trans-Atlantic scheduling.
The deal between WestJet and Southwest has unsurprisingly fallen apart with an official announcement on Friday from the Dallas-based carrier. It had been Southwest’s ticket into the Canadian market without having to make the investment in flying its own metal across the border. WestJet is now negotiating...
The impact of the Ash Attack on the aviation industry has been profound - in a short space of time. CAPA estimates The Ash Attack has already affected the travel plans of 8 million passengers in Europe and around the world, causing at least USD1 billion in lost (and unrecoverable) revenue for the worldwide...
Asia Pacific airlines are dealing with massive disruption to their schedules. Airline share prices were down virtually across the board on Friday.
Aviation is vulnerable to almost every possible change in circumstances, be it economic, health scares, terrorist attacks – or even – as in the case of volcanic dust clouds over Europe – the slightest change in the wind. This event will be especially costly for airlines, as well as a vast array...
The majority of North and South American carriers’ stocks fell on Monday (19-Apr-2010), as the Ash Attack in Europe continues to affect a number of carriers’ operations. The falls came despite gains in the wider market, with the Dow (+0.7%) up on strong financial results from Citigroup.
An unidentified Boeing customer has ordered 12 B777s this week, a little more than a month after Boeing forecast that it would receive more orders for its popular long-range widebody. The latest order puts Boeing up to 112 gross orders for 2010, well ahead of Airbus, which is lagging at 60 orders for...
Kuwait National Airways was flat on Monday (19-Apr-2010), after subsidiary, Wataniya Airways announced an agreement to extend a USD34.7 million credit facility with Burgan Bank for one year from the original due date of 30-Apr-2010. The credit facility will be increased to USD52.1 million due on 30-...
Asia Pacific airline stocks were down virtually across the board yesterday as the Ash Attack sent airline investors heading for the exits around the world.
European airline and airport shares were mostly down yesterday as expected – some heavily – but losses early in the trading session were pared back in afternoon trade as European Transport Ministers decided to reopen most airspace by 06:00 GMT, Tuesday 20-Apr-2010. Only Aer Lingus benefited while...
What would otherwise have been a relatively optimistic week for the airline industry will likely be somewhat tempered as US airline CEOs take in the enormity of the cost of what has been termed the worst disruption in aviation since 9/11.
Aviation’s value in world commerce and communications is generally taken for granted – until it stops. Ask any travel agent or airline today what the social wear and tear has been as a result of the ash cloud over Europe; from deep inconvenience to family tragedies, surface transport options have...
As expected, Delta reflected the continued optimism felt in the industry since the fourth quarter, reporting stronger revenue during 1Q2010 when it posted a USD256 million net loss or USD0.31 per share. The results significantly narrowed its losses from the USD794 million, or USD0.96 a share, a year...
Middle East Airlines (MEA) announced Central Bank Governor, Riad Salameh, stated six banks had expressed interest in managing a partial initial public offering (IPO).
North and South American carriers’ shares were mixed on Tuesday (20-Apr-2010), despite increases in the wider market. The Dow (+0.2%) gained on strong quarterly results from various companies.
Prior to the Ash Attack, European aviation was showing some signs of financial recovery, particularly in terms of unit revenues, thanks to continued capacity restraint and some glimmers of economic improvement. April yields could spike, like the US experience during the 'snowcopalypses' of Feb-2010...
The US aviation industry hailed the introduction of the Wall Street Transparency and Accountability Act of 2010 regulating the USD650 trillion opaque over-the-counter and the security-based swaps markets and is designed to “close loopholes, increase transparency and promote stability in the commodity...
“One of the things floating around out there is an assumption that we will be charging travel agents and global distribution systems (GDSs) for accessing our content,” American Airlines' Director Marketing Communications Stephen Schlachter told CAPA's America Airline Daily. “That is not our intention...
Airports Council International Europe (ACI-E) has published a document ‘An Outlook for Europe’s Airports, Facing the Challenges of the 21st Century’. Released before the onset of the volcanic eruption in Iceland that somewhat clouded the future for airports and airlines in Europe, the document...
US airline reporting season started on a sour note, with Allegiant Travel Company reporting a 19.8% drop in net income to USD22.6 million in the three months ended 31-Mar-2010, despite a 19.4% rise in total operating revenues to USD169.6 million. The airline’s share price was savaged, slumping 9.5...
The on-again/off-again saga of the US aerial refueling tanker acquisition programme took another twist, with EADS confirming yesterday that it will bid for the programme by the revised Jul-2010 deadline. EADS is currently in talks with a potential US partner for the bid, seen as an essential requirement...
Flight operations to, from and within Europe are gradually being restored due to a combination of better fortune on the eruption/weather front and an increasingly pragmatic approach by regulators and manufacturers, while maintaining safety as the overriding priority. The UK Civil Aviation Authority (...
Asia Pacific airline stocks reversed heavy falls on Monday, rising across the board, with the exception of Qantas (-0.7%) and Japan’s Skymark Airlines (-1.6%). Thai Airways rebounded strongly (+11.1%) after big losses in recent weeks, while Asiana Airlines (+4.9%), China Airlines (+4.6%) and EVA Air...
The majority of Middle East and African carriers' shares were up on Wednesday (21-Apr-2010) as markets were boosted by the reopening of European airspace.
AMR Corp posted its third worst first quarter loss in its history, losing more than half a billion dollars, topping the two post-911 years when its lost over a USD1 billion in each of those years. American cited rising fuel costs for the widening of its net loss in the first quarter from the USD375...
North and South American airline stocks took a dive on Wednesday (21-Apr-2010) after American Airlines (-9.2%) and AirTran (-8.5%) reported losses for 1Q2010. Airline investors were also concerned over news the European ash sttack has cost airlines worldwide USD1.7 billion, according to IATA.
China Eastern Airlines shares surged 11.5% yesterday as the carrier again hit the hot button for every Chinese airline investor: talk of more government injections.
