Leading European LCC stocks were higher yesterday, led by Vueling (+4.8%), Ryanair (+1.9%) and easyJet (+1.6%). Jet2.com parent, Dart Group, rose 0.4%.
Finnair’s share price fell 3.4% yesterday, continuing a bumpy ride for investors over the past month.
GKN Aerospace shares took a major hit on Wednesday, following BofA Merrill Lynch Global Research downgrading its recommendation on GKN Plc, the company’s parent, to “underperform".
The majority of Middle East and African carriers’ shares were down on Wednesday (19-May-2010) as they followed global markets lower on Germany’s announcement of a ban on naked short-selling of particular financial instruments. The fall in airline shares was despite another 1.2% decline in oil prices...
American Airlines’ cornerstone strategy, focusing on Miami, New York, Chicago, Dallas and Los Angeles, is expected to reap incremental revenues and cost saving of USD500 million annually, according to a filing the company made yesterday with the Securities and Exchange Commission.
While Congress and FAA have done their part in contributing to delays by not funding and developing NextGen, airlines also carry blame, said Federal Aviation Administrator Randy Babbitt in speaking before the American Association of Airport Executives (AAAE) this week. He also said the agency would...
It isn’t often that Africa is in the news for developments at its airports, but there has been a spate of activity recently that demonstrates just how quickly airlines and investors alike are reappraising the value to them of the continent. To set the matter in context, what exactly would potential...
European airline and airport shares were marked down heavily again by investors as uncertainties linger about the eurozone economic outlook and ash cloud-related airspace closures.
Asia Pacific airline shares were mixed yesterday, with North Asian airlines generally higher, led again by market darling Asiana Airlines (+4.8%), China Airlines (+4.6%) and EVA Air (+2.6%). Indian and Chinese airlines stocks were lower, including SpiceJet (-5.5%), China Eastern (-4.1%), Air China (-...
Asia Pacific LCC stocks dropped back yesterday, led downwards by SpiceJet, which reportedly stated it has been unable to proceed with plans to raise USD75 million to support its international expansion, due to differences in valuations of the carrier. Live Mint reports up to six financial groups have...
CAPA looks at the battle between founder Sir Stelios and the easyJet board over the airline’s expansion – or not – strategy. And seeks advice from the author of the Art of War, as two Knights face off.
US stocks yesterday suffered their biggest points fall since Feb-2009, with the Dow Jones industrial average plunging 376 points or 3.6% to 10,068. The Dow has now fallen 10.2% since reaching its 2010 high on 26-Apr-2010.
European carriers’ shares slid again on Thursday (20-May-2010) as wider markets fell on anxiety over possible tighter regulations in Europe and weak US economic data, with the US Labor Department reporting a rise in applications for unemployment benefits.
A depreciating Brazilian real has meant GOL’s 1Q2010 net profit slumped a dramatic 61.1%, but the company’s fundamentals continue to improve as it expands its brand across Latin America.
Middle East and African airline shares were mixed on Thursday (20-May-2010) as wider markets continued to fall. In Africa, Kenya Airways continued to gain, as the Nairobi Stock Exchange (+0.6%) soared to a 20-month high.
Stocks continued to slide around the world on Thursday, but Boeing has stated that its sizable order backlog and the slowly improving global economic situation will insulate it from the crisis.
Shares in Switzerland’s Dufry lost a further 1.4% yesterday, following a 5.2% drop on Wednesday, despite a positive earnings performance in the three months ended 31-Mar-2010. Dufry released its financial highlights yesterday.
It has been a long time coming, but India’s Jet Airways is back in the profit zone, and the outlook for the next couple of quarters looks strong, as demand soars and oil prices sink. The only question mark is whether Indian airlines will exercise the same capacity discipline that brought them to this...
Low cost carrier (LCC) shares came under pressure around the world yesterday, as global stock markets plunged. The oil price (the major cost item for many LCCs) was highly volatile yesterday, gaining 2% early on the New York Mercantile Exchange before plunging 8% by early afternoon to USD64.24 per barrel...
Equity markets around the world continue to tumble as investors worry about the state of the global economy. Asia Pacific airline stocks were hard hit yesterday with falls of 4-5% for many carriers, including Air China, Virgin Blue and AirAsia. Only India’s SpiceJet was in positive territory, gaining...
As regional airlines gather this week for the Regional Airline Association convention in Milwaukee, they remain under the safety cloud created by the 12-Feb-2009 Colgan Airways accident, but they should be heartened by last week’s National Transportation Safety Board professionalism symposium which...
European airline shares were mixed on Friday (21-May-2010), as fuel prices (-1.1%) continued to decline, to USD70.04. European markets fell to their lowest point in over eight months during the day on concerns over the impact of European austerity measures on economic growth.
British Airways reported an operating loss of GBP231 million for the 12 months ended 31-Mar-2010, completing a dismal year for Europe’s big three airlines. Between them, BA, Air France-KLM and Lufthansa generated net losses of EUR2.16 billion*, as revenues crumbled in the face of the deepest post-...
North and South American carriers’ stock gained on Friday (21-May-2010) in line with broader markets (Dow +1.3%), and as oil prices (-1.1%) continued to slide, to USD70.04. The AMEX Airline Index (+2.9%) rose.
Bombardier is hoping that it will be able to avoid further job cuts, as the company looks to avoid a decision on regional jet production at its Montreal plant as the economic recovery gains momentum.
Air Arabia received its Air Operator's Certificate (AOC) from the Egyptian Civil Aviation Authority, clearing the way for the imminent launch of Air Arabia Egypt, the carrier’s Alexandria-based joint venture company. Air Arabia Egypt’s operations will commence in Jun-2010 from Alexandria Burj Al...
Shares in Europe’s Vienna International Airport dipped 0.3% on Friday, upon the release of the financial report of its owner, Austria’s Flughafen Wien Group, for the three months ended 31-Mar-2010.
Singapore Airlines (SIA) benefited from a solid recovery in demand in the second half of its financial year and the maintenance of capacity and cost disciplines to record a net profit of SGD216 million (USD154 million) for the financial year ended 31-Mar-2010. In doing so, SIA maintained its unbroken...
AirAsia continues to match supply more closely with demand, reporting a healthy 4 ppts increase in its Malaysian operation’s load factor to 74% in the three months ended 31-Mar-2010 (1Q2010). After almost two years of load factor falls, AirAsia is bringing capacity levels more into line with demand...
AirAsia continues to match supply more closely with demand, reporting a healthy 4 ppts increase in its Malaysian operation’s load factor to 74% in the three months ended 31-Mar-2010 (1Q2010). After almost two years of load factor falls, AirAsia is bringing capacity levels more into line with demand...
