Shares in Spanish-based infrastructure group, Abertis, surged 12.2% yesterday on the back of reports that two major shareholders are exploring plans to create a buyout vehicle.
Thai Airways’ share price gained 3.9% yesterday as the Tourism Authority of Thailand upgraded its visitor arrivals forecast for 2011 by 1 million arrivals to 15.5 million.
Japan Airlines reported its first increase in passenger traffic on international routes in eight months in May-2010, with numbers rising 1.6% to 795,927. The carrier, which is undergoing a comprehensive rehabilitation process, stated domestic passenger numbers also rose, by 0.9% to 3.07 million. Traffic...
US airline stocks gained yesterday, a welcome change after the NYSE Airline Index lost approximately 14% of its value in the past two weeks on concerns of decelerating economic growth and a possible double-dip recession.
Germany’s leading LCC (and Europe’s third largest) Air Berlin has increased its shareholding in Austria’s NIKI Luftfahrt GmbH to almost 50%, consolidating NIKI within the Air Berlin group while it remains a legally independent company with its own management. A similar arrangement was made for...
Shares in Danish LCC, Cimber Sterling Group, fell 9.1% yesterday, the largest reduction in the past five months in Copenhagen trading, after the carrier stated it expects to report losses of up to EUR11 million in FY2010/2011.
Kenya Airways (+0.5%) launched two times weekly charter service from Nairobi to Guangzhou via Bangkok with B767-300 aircraft, effective 06-Jul-2010 to 05-Oct-2010.
Shares in Japan Airport Terminal Co Ltd, operator of Tokyo Haneda Airport terminals, lifted 1.0% yesterday as the US Department of Transportation (DoT) awarded four routes to Tokyo Haneda to American Airlines at New York, Delta Air Lines at Los Angeles and Detroit, and Hawaiian Airlines at Honolulu,...
AAR Corp shares slumped 5.4% yesterday ahead of the release of financial results for its fourth quarter and Fiscal Year 2010, ended 31-May-2010, after the market closes next Tuesday, 13-Jul-2010.
Thai Airways and Thai AirAsia’s parent, AirAsia Bhd, gained considerable ground again yesterday, rising by 6.5% and 5.6%, respectively.
Delta and US Airways have dropped plans to trade slots at LaGuardia and Washington National, saying the FAA’s conditions – making slots available by blind auction – are too high. However, the carriers are proceeding with plans to appeal the issue based on their contention that FAA does not have...
Wall Street rallied yesterday, with the Dow pushing back above the 10,000 mark, ahead of the start of the second quarter profit-reporting season. The Dow Jones Industrial Average surged 274.7 points (or 2.8%) to 10,018 – its biggest daily gain since 27-May-2010 – to reach its best close since 28...
Air France-KLM shares rose 2.2% yesterday as the airline reported a “further significant recovery in the passenger and cargo businesses, both in terms of traffic and unit revenues” in Jun-2010. According to Air France-KLM: “This reflects an improvement in demand, as well as prudent capacity management...
US airline stocks surged yesterday, reflecting wider market reports and positive Jun-2010 traffic reports showing strong load factors, improved passenger demand and careful capacity management, which has had a positive effect on yields.
The aerospace market, buoyed by ongoing conflicts in Iraq and Afghanistan, is facing a somewhat restrictive future, according to AlixPartner LLP, in its 2010 Global Aerospace and Defence Review. The post-recession era will become what it terms a "new normal" characterised by "prolonged aneamic demand...
Auckland International Airport Ltd (AIAL) acquired (08-Jul-2010) an initial 24.99% shareholding of the increased capital in Queenstown Airport Corp by subscribing for approximately 4 million new shares at a price of NZD6.91 per share for a total consideration of NZD27.7 million.
Shares in Wataniya Airways’ parent, Kuwait National Airways, gained 2.2%. The carrier told CAPA it has attracted a large number of travellers for this summer season on its new European routes.
Hainan Airlines’ shares jumped 4.8% yesterday, continuing a recovery since 05-Jul-2010 following two weeks of heavy falls.
“Competition is good in any business; we are a fairly young airline, but we have managed to grow consistently and have gained a very good market share so far”, says Wataniya Airways CEO, George Cooper in an exclusive CEO Q&A with CAPA.
European LCCs, led by Ryanair, easyJet and Air Berlin, commanded 32% of intra-Europe capacity (seats) in 2009, representing spectacular growth from just 4.6% less than 10 years ago in 2001 and a 20.2% share in 2005. But the 'big three' are just part of the story. This special two-part CAPA report looks...
After the highly successful introduction of next generation turboprops in the mid 1980s, the continuing improvement of well known brands and the stubborn survival of two of the more popular programs – Bombardier’s Q series and ATR’s 42/72, more manufacturers are looking at entering the turboprop...
European LCC shares gained yesterday, as European shares advanced for a third consecutive day as the International Monetary Fund raised its global growth outlook to 4.6% for 2010, reflecting a stronger-than-expected first half.
United, Southwest, US Airways and Continental all reported double-digit unit revenue growth in Jun-2010, suggesting the recovery is well and truly established in the US. The month was also characterised by strong load factors, continued careful capacity management and improved demands.
European airline shares were generally stronger yesterday, as European shares advanced for a third consecutive day. The International Monetary Fund raised its global growth outlook to 4.6% for 2010, reflecting a stronger-than-expected first half.
Major aircraft manufacturers continue to produce aircraft at near record rates, but the disquiet expressed by suppliers in late 2009 and earlier this year appears to have all but evaporated. This comes despite the IMF recently warning that significant downside risks are emerging in the global economic...
African shares were mostly on the rise on Thursday (08-Jul-2010) with Kenya Airways (+0.5%), 1time (+1%) and Lonrho (+4.9%) up, while Comair fell 0.5%. South Africa’s FTSE/JSE Africa All Share Index rose for the third day by +0.8%.
A consortium of India’s GMR Infrastructure and Malaysia Airports Holdings Berhad has successfully bid for the rehabilitation, expansion, modernisation, operation and maintenance of Male International Airport in the Maldives. The project attracted considerable interest from several of the world’s...
OPEC has published its 2009 annual report, revealing a massive decline in the value of oil exports from OPEC nations, as well as a 4% rise in the cartel’s oil reserves.
Shares in Chinese airport operators and suppliers followed a downward trend yesterday, with the exception of Beijing Capital Airport Company Ltd, which nudged 0.2% higher. Shanghai (-0.3%), Shenzhen (-0.4%), Guangzhou Baiyun (-0.6%), Hainan Meilan (-0.6%) and Xiamen (-1.7%) lost ground.
The IMF yesterday stated the world economy had witnessed a stronger than expected first half recovery and it now predicts world GDP growth to reach 4.5% in 2010, easing slightly to 4.25% in 2011, although these averages mask large regional differences.
