Air New Zealand has reported further improvements in demand and load factors last month, but yields are lagging, just as the flag carrier faces a renewed competitive push from Jetstar in its home market.
Asia Pacific airline stocks were mixed on Friday, despite several broker upgrades. Air China (-3.3%) and Korean Air (-2.2%) fell, while Malaysia Airlines and China Southern gained 2.9% and 3.8%, respectively.
European airline shares were mixed on Monday (21-Jun-2010), despite wider markets reaching a seven-week closing high for the day. Markets gained on the Chinese Government’s moves to loosen controls on the exchange rate, boosting investors' hopes for the global economic recovery.
Jazeera Airways (-1.7%) shares fell on the same day the carrier launched of a promotional tie-up with car hire company Budget Rent-a-Car and hotel supplier Octopus Travel over summer.
As the Centre for Asia Pacific Aviation has frequently pointed out, the air transport industry is subject to a whole range of external shocks that have the effect of knocking it back to a position worse than it was in before, so that ever greater efforts are required to restore growth trends. These...
US LCC stocks fell yesterday as oil prices rose 64 cents in New York to USD77.82 per barrel, as China introduces more flexibility to the yuan-US dollar exchange rate, spurring investor interest in commodities including oil.
Mesa Air Group has lost USD6.2 million dollars in the year-to-May-2010, according to its monthly operating expense report filed with the US bankruptcy court. Its operating income of USD6.2 million was overwhelmed by non-operating expense and other expenses.
Airline traffic growth in India remained above 20% last month, spurred by a robust holiday season and economic expansion and indicating that the worst is behind for Indian airlines. Traffic has now rebounded to well above pre-recession levels.
Airline traffic growth in India remained above 20% last month, spurred by a robust holiday season and economic expansion and indicating that the worst is behind for Indian airlines. Traffic has now rebounded to well above pre-recession levels.
The ATR Assembly of Members has appointed Filippo Bagnato (62) as CEO of ATR. He succeeds Stéphane Mayer, whose three-year mandate has expired. Filippo Bagnato previously served as CEO of ATR between 2004 and 2007. During the last three years, while he was Finmeccanica Executive VP Technical, Industrial...
Dubai Airports has confirmed the new Dubai World Central-Al Maktoum International Airport will open for cargo operations on 27-Jun-2010. The airport successfully completed a trial service yesterday – Emirates Flight EK9883, a B777F operating from Hong Kong. HH Sheikh Ahmed Bin Saeed Al Maktoum, President...
Chinese airline shares gained considerable ground on 21-Jun-2010 as the government moved to loosen controls on the exchange rate, allowing the yuan to strengthen against the US dollar.
In almost every Laurel and Hardy movie the comes a moment when Oliver glares at a usually weepy Stan and says something like, “Now look the mess you’ve gotten us into.” While it is clear to all US aviation stakeholders and travelers that there is a mess, there is, alas, no particular “Stan”...
Air Arabia (-1.6%) launched (22-Jun-2010) four times weekly Alexandria-Amman service. The airline recently announced plans to launch its fourth hub in Amman and offers services to Khartoum, Kuwait and Amman from Alexandria.
Airbus, the major operating unit of European aerospace giant EADS, announced it is considering its future in China to expand its presence in the fast-growing and high demand market. The commercial aircraft manufacturer is “looking at a much wider area to develop our presence and increase our footprint...
North and South American airline stocks tumbled with the wider market on Tuesday (22-Jun-2010), as the Dow (-1.4%) declined on disappointing housing data. Previously owned home sales fell 2.2% in May-2010, pushing the most sensitive sectors, including industrial, energy, and consumer sectors, lower.
European airline shares ended trading with another day of mixed results on Tuesday (22-Jun-2010). Wider markets fell, ending a nine-day surge in shares, as investors moved to take profits from seven-week highs reached the day prior.
US LCC stocks slipped on Tuesday, as the broader market declined for a second day after US home sales for May-2010 dropped.
China Southern reported continued double-digit year-on-year traffic gains, with passenger numbers increasing 17% to 6.0 million. Domestic passenger numbers gained 15% to 5.5 million, international passenger numbers were up considerably, by 41% to 420,070 and regional passengers rose 34% to 127,010.
China Eastern can now begin the process of becoming a SkyTeam member after an agreement was signed by the carrier and the alliance during 10th anniversary celebrations in New York yesterday. At the event, SkyTeam made Air Europa, Kenya Airways and TAROM full members of the alliance from their previous...
Shanghai’s Pudong and Hongqiao airports generated very strong increases in passenger numbers in May-2010, with the CAAC East China Regional Administration reporting) the following traffic highlights for its member airports:
British Airways’ CEO, Willie Walsh, has vowed to continue expanding the carrier's US services and is considering services from London City Airport (LCY) to Boston, Chicago and Washington as trans-Atlantic traffic has remained “robust” despite the global financial downturn. The carrier already...
Dubai International Airport reported a 13.6% leap in traffic last month to 3.7 million passengers, while cargo volumes soared 31.7% to 195,221 tonnes. Dubai Airports, CEO, Paul Griffiths stated: "The outlook remains strong as we expect traffic during June and September to hit record levels owing to...
AirAsia X has become the first LCC to offer flatbed seats on its long-haul route network, with the low-cost long-haul carrier claiming that its product "combines the comfort of premium travel with the affordability of no-frills flying". The new Premium FlatBed and economy class seating product was installed...
One hundred-plus seat aircraft will be welcomed in the rest of the world, but the success of the class in the US will largely rely on the relaxation of scope clauses, according to RW Mann & Company's, Bob Mann. While that may not be startling news, Mann said that pilots are coming to the negotiating...
US airline stocks suffered another day of falls on Wednesday (23-Jun-2010), after the Dow (+0.1%) ended trading relatively flat. The market fell earlier in the day on news of an unexpected drop in existing housing sales in May-2010 and the Federal Reserve stated “financial conditions have become less...
European markets were down for a second consecutive day on 23-Jun-2010, pushing airline shares lower. Markets were down after Fitch Ratings decreased BNP Paribas' long-term debt rating to AA- from AA, causing a drop in banking sector shares.
Shares in Air Berlin were 1.5% lower yesterday, after gaining 1.1% on Tuesday. Also on 22-Jun-2010, SADI-Investment Analytics applied its StockMarks stock-rating system to Air Berlin, adding that Air Berlin is an “above average quality company with a neutral outlook”.
AirAsia X has become the first LCC to offer flatbed seats on its long-haul route network, with the low-cost long-haul carrier claiming that its product "combines the comfort of premium travel with the affordability of no-frills flying". The new Premium FlatBed and economy class seating product was installed...
Royal Jordanian (+1.8%) extended its contract with Worldwide Flight Services (WFS) to include all ramp transportation at London Heathrow. The new contract, effective immediately, means WFS now provides all cargo handling and ramp transport for the airline’s daily Amman-London Heathrow service.
