The Asia Pacific region has leap-frogged Europe and North America to become the world’s leading aviation market in the first six months of 2010. According to latest sample data from the Airports Council International (ACI), the leading Asia Pacific airports handled close to 500 million passengers...
China Eastern Airlines’ shares slumped 5.2% yesterday as the benchmark Shanghai composite index retreated 1.7% on profit taking.
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...
Vueling maintained its guidance for an improved net profit in 2010 upon the release of its financial results for the three months ended Jun-2010 (2Q2010), despite the negative effect of the volcanic ash cloud in the quarter (which resulted in 693 cancelled services affecting 86,619 passengers and resulting...
Mexico’s three privatised and stock market listed airport operators, GAP, ASUR and OMA, have collectively reported much improved financial results for the three-month and six-month periods ending 30-Jun-2010, having been adversely affected by natural disasters, pandemics and airline failures during...
It takes a lot to overshadow Republic Airways Holdings, but SkyWest managed to do just that yesterday as it literally stepped on RJET’s second quarter conference call when it announced not only its second quarter profits but its acquisition of ExpressJet Airlines (XJT). SkyWest Inc Executive Vice...
An Indian airport retailer, Genesis Colours, stated recently that the modernisation and expansion of airports in the nation is “definitely one of the reasons" for retailers to expand there. It was reinforced by Swarovski India, whose Manager stated that premium brands such as the crystal glass and...
Still benefiting from the positive impact of its Frontier/Midwest acquisitions and rebranding, Republic Airways Holdings reported a 113.6% jump in operating revenues to USD683.3 million for the second quarter compared to USD320 million for the year-ago period. It reported net income of USD2.6 million...
While most of the news today was about SkyWest’s acquisition of ExpressJet Airlines, SkyWest Inc reported that its operating revenues and profits fell slightly, as did Pinnacle before it in what may be the story for the regional airline industry second quarter – falling profits and expenses while...
Lonrho (0%) plans to relocate its senior listing from AIM to Hong Kong to attract Chinese investment groups towards the company’s African resources and projects.
A slight majority of North and South American airline shares moved higher on Wednesday (04-Aug-2010) after SkyWest announced plans to acquire ExpressJet and wider markets advanced. Airline stocks were also boosted by a 0.1% decline in oil prices to USD82.47.
Japan Airport Terminal Co (+1.3%) shares rose slightly on Wednesday (04-Aug-2010) after posting a revenue increase of 9.1% among its financial highlights for the three months ended 30-Jun-2010
European airline share movements were mixed on Wednesday (04-Aug-2010) as wider markets ended trading flat. Markets were confused after mixed economic data from the US, with better-than-expected services and private sector employment figures but poor retail revenue results released during trading.
Fitch Ratings stated that global aerospace and defence sector's main credit risks are likely to shift from commercial to defence in the next year.
Ryanair reported a new monthly record in passenger traffic in Jul-2010, with passenger numbers increased 13% in the month to 7.5 million, exceeding the previous record of 6.8 million in Aug-2009. Load factors decreased 1 ppt to 88% in the month.
Cathay Pacific Group stated it experienced a “continuing and significant” recovery in its core business during 1H2010, following what the carrier labeled as extremely challenging conditions in much of the previous year. The carrier added that the turnaround in business that began in 4Q2009 continued...
Cathay Pacific’s first half earnings may have caught the analysts by surprise with better than expected yield improvements, but it is clearly too early to assume this is a full-fledged recovery. Premium yields are still not back to pre-crisis levels (indeed overall passenger yields have still not...
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...
Despite a loss of CAD203 million for the second quarter, a CAD358 million swing from the CAD155 income a year ago, Air Canada is marking a return from the brink. It reported operating income of CAD75 million, compared with an operating loss of CAD113 million in the year-ago period, a CAD188 million...
With solid results for the first quarter – to 30-Jun-2010 – of the new financial year to 31-Mar-2011, Tiger Airways appears to be positioning itself well in a competitive marketplace. Although there is no detailed breakout of the Tiger Australia operation, this appears to be starting to pull its...
European airline shares were mixed on Thursday (05-Aug-2010) as wider markets ended the day marginally lower as investors awaited the US Jul-2010 employment report. However, some airline shares performed slightly better due to another decline in oil prices (-0.6%), to USD82.01.
In the Canadian market, shares in Jazz Air, Air Canada-B and WestJet were all weaker, with reductions of 6.3%, 4.4% and 0.1% respectively. Air Canada and WestJet reported their financial results for the three and six months ended 30-Jun-2010, with Jazz Air reporting its results earlier in the weak.
Even as Air Canada continued posting losses, WestJet reported second quarter net income of CAD21 million, marking not only its 21st consecutive quarter of profitability but a 130% increase in net profits over a year ago. Its results also included the first positive RASM growth, year-on-year, in eight...
Boeing shares fell 0.8% yesterday, as the manufacturer stated orders for 26 aircraft were cancelled in the past week, with an order reduction covering one B737, 10 B777s and 15 B787s, although no further details were provided. The manufacturer received two new B737 orders, one each for a business jet...
Kuwait National Airways, parent of Wataniya Airways, (+4.1%) shares gained the most on Thursday (05-Aug-2010). On the same day, Wataniya Airways appointed AVIAREPS as their general sales agent in Vienna. AVIAREPS will be in charge of all future sales, marketing and ticketing activities. In Jun-2010,...
Fraport (+0.3%) shares marginally increased after posting a revenue increase of 5.5% in its financial/traffic highlights for the six months ended 30-Jun-2010:
Ryanair, Air Berlin and Air Berlin handled approximately 16.3 million passengers in Jul-2010.
Tiger Airways’ shares surged 4.2%, as the carrier reported a 45% increase in revenues in the thee months to Jun-2010 (to USD107 million), with a return to profitability at both the operating and net levels (to USD591,000 and USD1.4 million, respectively).
IATA, this week in its June-July Airlines Financial Monitor, raised concerns about the potential for future oil price increases, with carriers, in their second quarter financial reports, echoing the concerns.
Having made a substantial profit of GBP60 million in 2008/09, one that put rival British Airways firmly in the shade, Virgin Atlantic had to report a loss of GBP132 million in 2009/10 – a loss equivalent to BA's, allowing for their comparative size. For the 12 months ended Feb-2010, Virgin reported...
