When IATA’s Director General/CEO Giovanni Bisignani, labelled a new departure tax in Germany as "the worst kind of short-sighted policy irresponsibility", he was speaking in the knowledge that, unusually, both the airline and airport fraternities would be as one with him. This is not the first time...
Spain, Brazil and Argentina may be the favourites to take out the 2010 FIFA World Cup, but based on exclusive analysis and prediction by CAPA, Slovakia will raise the trophy. The CAPA "Aviation Industry Boxing Above Weight" Ranking is based on a weighting of the relative performance of the finalists...
North and South American airline stocks moved higher on Friday, led by US Airways (+8.4%) and ExpressJet (+8.2%).
It was a mixed day for global LCC stocks on Friday as oil prices dropped USD1.70 in New York to close the week at USD73.78 – over USD2 above the start of week price of USD71.51.
Fraport has reported a further stabilisation of the growth trend last month, with Frankfurt Airport (FRA) registering new record levels for both passengers and airfreight in May-2010 (beating previous records established in May-2008). FRA handled 4.76 million passengers and over 200,000 metric tons...
Aircastle’s shares rose 4.8% on Friday, on the same day it received approvals from the European Export Credit Agencies (ECA) to support up to USD530 million of debt financing for seven new A330 aircraft.
European airline stocks closed out the week generally higher, led by SAS (8.9%), which continued to gain ground on a positive recent news flow, including its move to sell its 49% stake in Estonian Air to the Estonian Government and expectations the airline’s yields will improve in coming months.
SpiceJet, India’s second largest LCC, is entering a new growth chapter after US financier, Wilbur Ross, decided to exit the investment at a profit. Stepping in at the height of the oil crisis in mid-2008, Mr Ross injected cash to help stabilise the airline through the ensuing global financial crisis...
Neither Boeing or Airbus are planning to replace their existing narrowbodies until well after 2020, with a decision on the timing of all new narrowbodies to influence the current debate on new engines for the B737/A320.
Shares in JetBlue gained 2.0% yesterday, after gains of nearly 7% in early trading, following upgrades and ‘buy’ ratings from Bank of America/Merrill Lynch, Hudson Securities and Deutsche Bank, as follows.
North and South American carriers’ stocks were mixed on Monday (14-Jun-2010) as the Dow (-0.2%) slipped late in trading. The US market had been performing well for the day, but fell in the afternoon on news Moody's Rating Agency downgraded Greece’s sovereign rating from 'A3' to 'BA1'.
Kenya Airways (-1.0%) slipped for the day, despite the Nairobi All Share Index gaining 0.3%. CEO, Titus Naikuni, stated over the weekend that the carrier plans to resume service to Rome, as economic recovery occurs in the region.
Despite the impatience of Wall Street that wants it to offer up a more dramatic strategy than its Cornerstone plan, American Airlines has received yet another endorsement of its Flight Plan 2020. However, key to its success, according to Airlinefinancials.com is massive change in labour-management relations...
European airline shares rose with the wider market on Monday (14-Jun-2010), which lifted to the highest close in a month. Markets were pushed higher by the banking and mining sectors, as investors started the week more optimistic about a global economic recovery.
Anticipation is growing that the privatisation of Incheon Airport will go ahead during the remainder of 2010, one of the first major transactions of the new decade and a boost to the flagging interest in airport deals. The sale is conservatively expected to generate more than USD500 million but could...
Malaysia Airports’ shares rose 0.4% as the operator reported a healthy increase in throughput in Apr-2010.
Asia Pacific airline shares have been riding the waves of consumer sentiment lately, gaining in Asia on rising optimism in the US and falling heavily in Australia on sagging local conditions.
TAM, Brazil's network carrier now provides both a comprehensive domestic network and is fast expanding its intercontinental reach. This, the third in a CAPA series on Brazil's airlines, looks at TAM's rise, resilience and outlook.
North and South American carriers’ stocks rose for another day on Tuesday (15-Jun-2010), boosted by positive outlooks from US airline executives during the day and gains in wider markets. The Dow (+2.1%) rose on a rising energy sector and improved hopes for global economic recovery.
European markets continued to surge on Tuesday (15-Jun-2010), boosting airline shares. Markets shrugged off Moody’s downgrade of Greece’s debt to "junk" status, with media stocks leading the field.
African shares were mixed on Tuesday (15-Jun-2010) with Comair and Lonrho flat while Kenya Airways (-1.5%) fell and 1time (+5.8%) rose.
"The outlook for 2010 is characterised by cautious optimism", US Airways President Scott Kirby told analysts attending Tuesday’s Bank of America Merrill Lynch Global Transportation Conference. Colouring the prognosis is the continuation of capacity discipline across the board, both with legacies and...
Boeing announced plans to increase B737NG production to 35 per month from 2012, the second increase in production it has announced this year. In May-2010, the manufacturer announced it would expand B737 production from 31.5 to 34 aircraft per month from mid-2011
GOL’s shares surged 8.7% yesterday as Brazil’s National Civil Aviation Agency (ANAC) reported a 20.2% increase in domestic passenger traffic last month.
The LCC Iceland Express launched four times weekly Keflavík-New York Newark service on 01-Jun-2010, with the carrier reporting that bookings on the route have been "very good". Owned by the Icelandic investment company Fengur, a sister company of Fons Eignarhaldsfelag, which took over the original...
Global airport stocks were mixed yesterday, with Vienna Airport falling 1.8% and Copenhagen Airport closing 1.4% lower. At the other end of the scale, Fraport and Venice Airport rose 1.8% and 2.7%, respectively.
The airlines seemed to be following in Alaska Air’s footsteps during the Bank of America Merrill Lynch Global Transportation conference yesterday, many voicing for the first time their targeted return on invested capital, something Alaska has been doing for a few years now. The change was not lost...
Southwest Chief Financial Officer Laura Wright, speaking at the Bank of America Merrill Lynch Global Transportation conference in New York yesterday, reported the company was looking at improving revenue and costs for the second quarter, reflecting a generally bullish feeling about the economy. However...
The Vietnamese government, torn between on the one side encouraging airline and tourism growth and, on the other, retaining nationalist principles, has now apparently forced the delay of AirAsia/VietJet’s JV startup for several months. The carrier is now apparently going to have to find a name that...
The Vietnamese government, torn between on the one side encouraging airline and tourism growth and, on the other, retaining nationalist principles, has now apparently forced the delay of AirAsia/VietJet’s JV startup for several months. The carrier is now apparently going to have to find a name that...
