Even as manufacturers were recounting the changes the regional airline industry is facing in this decade, regional airlines themselves seemed little concerned, secure in their good relationships with their major carrier counterparts and looking for diversification that remains in the capacity purchase...
Even as manufacturers were recounting the changes the regional airline industry is facing in this decade, regional airlines themselves seemed little concerned, secure in their good relationships with their major carrier counterparts and looking for diversification that remains in the capacity purchase...
Middle East shares were mixed on Thursday (03-Jun-2010) with Royal Jordanian Airlines (3.8%) and Air Arabia (2.6%) rising, Jazeera steady and Kuwait National Airways dropping by -2%. The Kuwait Stock Exchange (0.08%) and Amman Stock Exchange (1.64%) both marginally increased.
Shares in Ryanair gained 2.8% on Thursday (03-Jun-2010), coinciding with the release of the carrier’s May-2010 traffic results.
Since the demise of Varig, the once-famous airline always closely associated with the magic of Brazil, the country's airline industry has thrived, as economic growth and stable government created favourable conditions. The second of a three part CAPA report on the country's airlines.
Hungarian investor and industrialist, Sandor Demjan, confirmed he and foreign investors are part of talks regarding the future of Hungary’s flag carrier airline Malév. Talks are centred on reviving the carrier technically and convincing the Hungarian Government to settle the carrier’s debt. Options...
Shares in Mexican airport operator Grupo Aeroportuario del Sureste (ASUR) fell 2.8% yesterday, despite it reporting an 86% increase in passenger numbers last month.
AirAsia’s share price gained 6.7% yesterday, as the market continued to react positively to the carrier’s positive first quarter earnings report, a stock upgrade from OSK Research (from “neutral” to “trading buy”) and the extension of the carrier’s tax allowance by the Malaysian Government...
The recovery of global airline capacity, traffic and yields is gathering pace again after the European ash crisis setback in April. OAG reports the world’s airlines are scheduling 2.6 million flights offering 318.2 million seats this month, up 6% and 7%, respectively year-on-year. The schedule growth...
Kenya Airways (-4.4%) fell on Friday (04-Jun-2010) following the announcement of its financial results for the 12 months ended Mar-2010 period. The carrier’s total revenue fell 1.5% to USD864 million, while operating profit slumped 54.5% to USD22.5 million.
North and South American carriers’ stocks fell heavily on Friday (04-Jun-2010) after the US Labor Department reported disappointing jobs data, with hiring weaker for May-2010 compared to Apr-2010. The Dow (-3.2%) and the AMEX Airline Index (-4.5%) slumped as a result.
European airline shares fell with the wider markets on Friday (04-Jun-2010), which were pushed lower by the banking sector on concerns about Societe Generale's derivatives division and continued worries over debt issues in the region. Hungary’s central bank stated the country is still vulnerable to...
IATA Director General & CEO, Giovanni Bisignani, announced over the weekend that it is “finally time for some cautious optimism” for the recovery of the aviation industry. But that optimism has not yet converted into significant new aircraft orders.
Royal Bank of Scotland cut its recommendation on Air Berlin stock from "hold" to "sell" last week, commenting “the volcano will have impacted the second-quarter performance, [while] summer trading is exposed to some challenged economies...and the benefit of falling unit fuel costs is fading”.
Aeroports de Paris’ (AdP) shares fell 4.9% on Friday after CEO, Pierre Graff, stated the airport operator has no plans to scale down its EUR2.4 billion Paris airport expansion plans, despite the additional capacity not being required for approximately ten years due to the global financial downturn...
AirAsia X will inaugurate three times weekly Kuala Lumpur-Tokyo Haneda service “after October 2010”, using midnight slots, with fares from JPY14,000 (USD153) per sector, according to reports in the Yomiuri Shimbun.
Once it was short haul services that were in demand from UK’s regional airports, now it seems that the desire to avoid travelling via a hub has spread to the mid to long haul arena, as difficult as it may be to justify some of the proposed services. The latest airports to investigate the level of...
A seven-year low in US stocks led to another day of declines for North and South American carriers on Monday (07-Jun-2010), despite IATA releasing an improved forecast of their performance for 2010. The Dow (-1.2%) fell on continued concerns that Europe’s debt issues could derail economic recovery...
European airline shares fell in line with weaker markets, as debt issues in Hungary continued to cause concern for the region’s financial stability. Airline share losses were compounded by IATA's prediction that the region's carriers would be the only ones to report losses for FY2010.
Air Arabia (1.2%) signed a JV agreement with Jordan's Tantash Group to launch Air Arabia Jordan, Jordan's first LCC. The new LCC will serve destinations across Europe, the Middle East and North Africa and will be managed by the Air Arabia Group.
Airline shares declined in Europe on Monday, in line with the broader market.
Despite a Ninth Circuit US Court of Appeals rulings that said the US Airline Pilots Association did not violate its Duty of Fair Representation (DFR), the pilots of the merged US Airways and America West are no closer to resolving their seniority issues. While seeming to put the matter to rest, it is...
IATA has revised upwards its forecast for Asia Pacific airline passenger and cargo traffic in 2010 by 4.2 ppts from its Mar-2010 projection to a very strong 16.2%. The regional capacity projection is up 1 ppt from the previous outlook to 8.3% - around half the expected growth in demand - which is producing...
The world’s airlines have seen a remarkable switch in fortunes in the past three months, as global air traffic demand recovers more strongly than expected. IATA has revised its outlook for the airline industry from a loss of USD2.8 billion (predicted in Mar-2010) to a profit of USD2.5 billion. It...
Airport stocks were down virtually across the board yesterday, as global equity markets struggled once more.
If anyone was wondering where Emirates was planning to place its 58 A380s, it was obviously not CEO, Tim Clark. Yesterday at the Berlin Airshow the astonishing airline made another firm orders for 32 of the mega-jumbo. This takes to 90 the number of A380s to Emirates' account. The vast size of the order...
Shares in the Middle East were mixed yesterday, with Jazeera (-1.6%) and Air Arabia (-1.2%) dropping while Kuwait Airways (1%) and Royal Jordanian Airlines (1.2%) rose.
North and South American carriers shares gained on Tuesday (08-Jun-2010) after a late gain in the Dow (+1.3%), on a rise in banking and commodity producers’ stocks. However a gain in oil prices (+0.8%), to USD71.99, offset some gains for airlines.
The majority of European carriers’ shares were down on Tuesday (08-Jun-2010), as wider markets dropped again after Fitch Ratings stated the UK is facing a "formidable" fiscal challenge and BP shares continued to slump. A 0.8% rise in oil prices, to USD71.99, also negatively affected airline shares...
The LCC Norwegian, now the fourth largest budget carrier in Europe and about half the size of SAS, is widely regarded as one of the success stories of Scandinavian aviation. The Oslo-based airline reported passenger numbers rose by 25% in May-2010 as a direct correlation with the introduction of new...
