The world’s airlines and airports are experiencing a marked improvement in demand in 2010 after a very challenging 2009. ICAO forecasts airline scheduled traffic of Member States to grow by 6.4% this year in terms of passenger-kilometres performed (PKPs), compared to a decline of 2% in 2009. The “...
Thai Airways’ shares soared 5.7% on Friday as the carrier reported rising demand and load factors last month (albeit off last year’s low base).
The popularity of the current generation of narrowbodies continues unabated, with both Airbus and Boeing announcing strong orders for their respective A320 and B737NG families. While Emirates may have stolen the headlines with its order for 30 B777-300ERs, orders for narrowbodies totaled more than 150...
Sometimes, no matter what you do, it is just not enough. That was the case yesterday after Delta reported half a billion in profits for the second quarter which constituted a USD748 million swing from 2Q2009. But, that was not good enough for Wall Street which immediately sent airline stocks falling...
Unlisted Emirates announced an order with Boeing for 30 B777-300ERs. 18 of these were previously attributed to an unidentified customer. Emirates is already the world's largest B777 operator with a fleet of 86 B777s through direct purchase and lease, plus an additional 16 B777-300ERs previously on order...
The majority of North and South American airline shares declined on Monday (19-Jun-2010) after Delta Air Lines stated it does not expect to grow much over the next year. In comparison, the Dow (+0.6%) rose on news of improved financial results from Halliburton and a stronger order outlook from Boeing...
European airline shares fell on Monday (19-Jul-2010), pushed lower by wider markets. Shares were down on continued concerns of economic recovery after the US reported a greater than expected decline in home-builder sentiment for Jul-2010 to its lowest level in over a year.
Shares in airport operator, MAp dipped 1.4% yesterday, ahead of today's traffic report for Sydney (MAp – 74% stakeholder) and Brussels (MAp – 39% stakeholder) airports. Both airports, in the Pacific and Europe regions, witnessed growth in passenger traffic in Jun-2010.
Passenger numbers on the Melbourne-Sydney route (Australia’s busiest and now the world’s fourth busiest) surged 18.5% year-on-year in May-2010, reflecting a recovery in business travel and Tiger Airways’ expansion on the route since Jul-2009. The increase was well ahead of the 5.3% increase in...
Air China has signed an agreement for CFM56-5B engines to power 20 firm A320 orders to be delivered from 2011.
Ryanair remained profitable in the three months ended Jun-2010 (1QFY2011) reporting a quarterly profit that exceeded analysts’ estimates, with the carrier also forecasting that fares may rise by as much as 15% in the current period (after increasing 5% in the Jun-2010 quarter).
Ryanair's shares closed 1.8% higher, after gaining as much as 4.2%, as Europe’s largest LCC reported a quarterly profit that exceeded analysts’ estimates. The LCC also forecast fares may rise by as much as 15% in the current period (after increasing 5% in the Jun-2010 quarter).
North and South American airline stocks were boosted on Tuesday (20-Jul-2010) by impressive financial results from Air Canada and United Airlines released during trading. The Dow (+0.8%) was also boosted by United’s results, while Canada’s TSX (+0.8%) also profited from Air Canada’s announcements...
Shares in China’s Shanghai Airport led the way up yesterday with a 4.3% gain. The operator released its Jun-2010 traffic report for Shanghai Pudong International Airport, boasting a 48.4% year-on-year increase in passenger numbers to 3.6 million.
In the same week as the European Commission approved antitrust immunity for the American-British Airways-Iberia joint venture, the US Department of Transportation followed suit yesterday finalising its 13-Feb-2010 decision granting antitrust immunity to American Airlines and four international partners...
The avalanche of narrowbody and regional aircraft orders continued on the second day of the Farnborough Air Show. Firm orders and contracts (MoUs and LoIs) for nearly 220 aircraft have been signed, with options and purchase rights potentially stretching this to beyond 390 aircraft. Boeing commented...
Air Arabia (shares -0.2% yesterday) signed an exclusive maintenance agreement with Hamilton Sundstrand Power Systems to provide long-term repair and maintenance support for its APS3200 auxiliary power units (APU) installed on 16 existing A320 aircraft.
Japan’s airline industry is under stress. That much is obvious from Jan-2010’s bankruptcy of the country’s iconic flag carrier. When Japan Airlines entered bankruptcy protection at the beginning of the year, the high cost of operations in the country was highlighted as a major obstacle to future...
After Delta announced what is possibly its largest net profit in decades, United Airlines followed that by reporting a USD430 million second quarter net profit, ex charges, the largest since 1999 and the first profit since 3Q2007. Wall Street liked what it heard, causing its stock price to rise over...
Based on a new study released yesterday, consumers could rightfully say that the Department of Transportation didn’t do them any favours by imposing the three-hour tarmac rule that became effective in Apr-2010. For the first time, a four-month-long study from Airline Zone Co-Authors Darryl Jenkins...
The Barcelona-based Abertis Infraestructuras, one of the major European infrastructure conglomerates along with Ferrovial, Dragados y Construcciones (also of Spain), Atlantia (Italy) and Vinci (France) is the subject of a potential buyout involving CVC Capital Partners one of the world’s five leading...
European airline shares again declined with wider markets on Tuesday (20-Jul-2010), with national benchmark indexes declining in 13 of 18 western European countries. Markets declined after Hungary’s debt sale failed to reach expectations and some US companies reported disappointing financial results...
Around two thirds of Asia Pacific airline CEOs are expecting further improvements in profitability over the next 12 months, according to an IATA survey. It reflects a global trend of rising confidence about profitability, underpinned by the view that “economic growth will continue to recover across...
Flybe has propelled itself into a whole new ballgame, following a "substantial" agreement with Embraer to purchase up to 140 88-seat E175 and E-family aircraft, with the first delivery (of the firm orders) scheduled for Sep-2011 through Mar-2017. The order comprises 35 (firm) E175 aircraft valued at...
Avalon Airport, a low-cost commercial airport serving the Melbourne and Geelong metropolitan areas in Victoria, Australia, has announced a major upgrade as it prepares for the biggest growth phase in its history. Flush with a AUD2 million grant from the State Government, privately-owned Avalon Airport...
The only US legacy carrier to report a loss, AMR’s second quarter results shows a USD379m swing from the year-ago period as it posted a net loss of USD10.7 million despite increasing fuel prices that drove a USD334 million jump in jet fuel costs during the quarter. Newly installed President Tom Horton...
With air travel levels still suffering due to the lingering effects of the global financial crisis, air navigation service providers are increasingly looking at new avenues to generate revenues. NAV Canada announced at the beginning of Jul-2010 that it has acquired a majority interest in Searidge Technologies...
Airbus and Boeing are revising their 2010 order forecasts, as more orders roll in at this year’s Farnborough Air Show. The first three days of the show have produced new orders and agreements for over 620 new aircraft, as well as confirmation and attribution of more than 150 older orders - a spectacular...
Subsequent to YVRAS’s acquisition of 65% of the UK’s Peel Airports the new CEO, drafted in from the Bahamas, has been outlining ambitious plans, especially for Liverpool Airport, for which he envisages new long haul services, while virtually declaring war on neighbouring Manchester Airport. This...
Shares in AirTran Airways slipped 3.1%, as the carrier posted an 84% reduction in net profit to USD12.4 million net profit in the three months ended Jun-2010 (2Q2010). The result was despite all-time record quarterly revenue (of USD701 million, a 16% year-on-year increase) and a 13% increase in passenger...
