North and South American carriers’ stocks were down on Wednesday (21-Jul-2010) after disappointing financial results from American Airlines, Allegiant and AirTran. A 1.1% decline in the Dow also pushed airline stocks lower, after Yahoo! Reported disappointing financial results.
European airline shares finally made gains on Wednesday (21-Jul-2010) as wider markets rose for the first time in a week. Markets were pushed higher by the banking sector after better than expected financial results from US bank, Morgan Stanley.
Air Arabia (+0.6%) announced on Wednesday (21-Jul-2010) the selection of the CFM56-5B engine to power its 44 A320 family aircraft order announced in 2007. This new engine selection, which will more than double the airline's CFM56-5B powered A320 fleet, is valued at more than USD620 million at list prices...
Shares in Australian Infrastructure Fund (AIX), 49.1% stakeholder in Queensland Airports Ltd (QAL), rose 1.2% yesterday. QAL released its traffic report for Gold Coast, Townsville and Mount Isa airports for the 12 months ended 30-Jun-2010.
Citing the improved economy, cost cuts, rebounding demand and rising ancillary revenues, US Airways posted a second quarter profit of USD279 million on revenues of USD3.1 billion compared to a loss of USD58 million in 2Q2009. "We are extremely pleased to report our second highest quarterly profit since...
Qantas is the fourth ranked carrier globally in terms of ancillary revenue generation, thanks to its enormously successful frequent flyer programme. According to the Amadeus Guide to Ancillary Revenue by IdeaWorks, Qantas is a leading protagonist in the airline industry’s “ancillary revenue tidal...
In the middle of the second quarter US airline reporting season, the Air Transport Association reported that passenger revenues for US carriers jumped 25% year-on-year in Jun-2010, marking the sixth consecutive month of revenue growth. For the 12 months ended Jun-2010, passenger revenue was approximately...
AirTran Holdings reported passenger unit revenue rose 12.6% during the second quarter, driving record revenues and second quarter profit despite a per gallon fuel increase of over 37%. For the second quarter, according to CFO Arne Haak who briefed analysts yesterday, revenue rose 16.1% to USD700.6 million...
Allegiant's net profit of USD17.6 million dropped 26.4% during the second quarter even as revenues rose 13.8% to USD168.4 million. Its operating margin – 25.5% in the year-ago quarter tumbled 8.8 points to 16.7% as fuel prices rose. The LCC has announced it is pulling back in order to get back to...
Asia Pacific flag carriers are in a purple patch, buoyed by surging cargo demand and stronger international passenger traffic and yields. The Association of Asia Pacific Airlines (AAPA) has however warned against complacency. AAPA’s Director General, Andrew Herdman, noted that Asia Pacific-based airlines...
Airbus has come out of the Farnborough Air Show with a total of 133 firm aircraft orders and 122 commitments. The European manufacturer finished the air show ahead of ahead of perennial rival Boeing, which emerged with 103 new orders, as well as a single B787 cancellation, and commitments for another...
Japan’s MLITT is reportedly planning to propose cuts to the government’s domestic jet fuel tax under the national FY2011 budget. The tax was introduced in 1972, covering fuel purchased for domestic flights only. It has been fixed since 1979, at JYP26,000 per 1,000 litres.
North and South American airline stocks soared higher on Thursday (22-Jul-2010), after another day of improved financial results from carriers, including JetBlue, Continental Airlines and Alaska Air. Shares were also boosted by gains in the wider market, with the Dow (+2.0%) advancing on further better...
Shares in MAp declined 1.4% on Thursday ahead of the release of its financial report for Sydney Airport relating to the three and six months ended 30-Jun-2010 today.
European airline shares rose for a second consecutive day on Thursday (22-Jul-2010), after another session of gains in wider markets and improved financial results from US carriers. Markets were up on strong earnings results, sparking confidence of an economic recovery, while banking shares also boosted...
Alaska Air Group posted second quarter net profits of USD58.6 million in 2Q2010 nearly doubling the results in the year-ago period on revenues of USD976.4 million, a 15.7% increase. "Our second quarter adjusted net earnings represent the best quarterly profit in our history. The results were driven...
Singapore Airlines announced a raft of schedule changes in the Northern Winter period (31-Oct-2010 to 26-Mar-2011), which will result in higher frequency on selected routes, in response to “further growth in demand for travel.”
Continental Airlines reported a second quarter net profit of USD233 million, on a 19% increase in revenue to USD3.71 billion, matching analysts’ forecasts. The company cited higher fares and fees for the increase in revenues. Executive Vice President and Chief Financial Officer, Zane Rowe reported...
It has been a good week for Tiger Airways’ Singapore operation, announcing plans to serve Taipei and to boost frequencies to the key destinations of Guangzhou, Hong Kong, Macau, Shenzhen. Tiger has also gained coveted rights to operate twice daily to Jakarta.
Five Indonesian carriers, Batavia Airlines, Sriwijaya Air, Mandala Airlines, Lion Air, and Indonesia AirAsia have applied for a share of the additional 4,000 weekly seats between Indonesia and Australia, according to a Kompas.com report. The Australian-Indonesian bilateral air services agreement was...
In the highest quarterly operating income in its history, JetBlue reported record revenues of USD939 million, up 16%, for the second quarter and a net profit of USD30 million compared to 2Q2009 when it made USD20 million. The carrier joins the ranks of the legacy and low-cost carriers in breaking records...
CAPA is the leading global aviation knowledge practice, delivering market analysis and data to support strategic decision making at hundreds of the most recognised organisations in the industry. Established for 20 years, CAPA has developed an unrivalled reputation for independence, insight and integrity...
Recent CAPA reports have examined the South American market and its main airlines. Several features emerged consistently: despite the economic downturn, the market has been growing and sometimes strongly, albeit from a low base; the continent is dominated by three major network brands, each with cross...
Royal Jordanian (-1.3%) signed an agreement with GE Aviation for six GEnx-1B engines to power its three B787s ordered at the Farnborough Air Show.
Air France shares gained ground on Friday, 23-Jul-2010, up another 4.5% as investors await the flag carrier’s six-month (to 30-Jun-2010) results later this week.
North and South American airline stocks were boosted by the wider market for another day on Friday (23-Jul-2010) as investors remained upbeat on stronger-than-expected financial results for 2Q2010. The Dow (+1.0%) rose on news only seven of 91 European banks were deemed in need of additional capital...
Malaysia Airports Holdings Bhd (MAHB) managing director and CEO, Tan Sri Bashir Ahmad, stated passenger traffic at Malaysian international airports is projected to grow by approximately 12% in 2010. He cited the improving regional travel market as the reason behind the higher-than-expected rate of growth...
Shares in Airbus’ parent, EADS, rallied 3.8% on Friday as the European manufacturer closed out a very successful week.
Shares in Kingfisher Airlines and Jet Airways fell 3.8% and 2.3% on Friday as the airlines unveiled their first quarter (Apr-Jun-2010) earnings highlights.
AirAsia X has announced it will be offering its lowest ever premium flatbed fares from Kuala Lumpur to India, China, Taiwan and Australia from MYR529 (USD166) one way, including taxes, for bookings by 01-Aug-2010 and travel between 02-Aug-2010 and 15-Nov-2010. AirAsia’s shares were flat on Friday.
