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...
“Reservation and issuing of tickets for flights operated by Mexicana Airlines (CMA) have been suspended indefinitely. However, Mexicana Airlines (CMA) will continue flying in the interest of protecting passengers who already have tickets and flight itineraries.” The announcement appeared on the...
North and South American airline stocks were mixed on Friday (06-Aug-2010), with Latin American and Canadian airlines moving higher and US airlines falling. US airlines were down after the Dow (-0.2%) slipped on reports US employment fell for a second month in Jul-2010.
Airbus recorded 155 new firm orders in Jul-2010, many announced at the 2010 Farnborough Airshow, while 48 aircraft were delivered during the month to customers. This comprised 37 A320 family aircraft (five A319s, 25 A320s and seven A321s), seven A330s (five A330-200s and two A330-300s), and one A340...
The majority of European airline shares were down on Friday (06-Aug-2010) as wider markets fell to their lowest close in a week. The fall was the result of reports that US employment falling for a second consecutive month in Jul-2010.
Unlisted Etihad Airways announced (05-Aug-2010) plans to introduce its first "all-economy" aircraft to its fleet in Oct-2010. The two A320s will be configured with 162 economy-class seats (with 32-inch pitch), an increase of 42 from the current economy capacity.
Shares in Cimber Sterling soared 8.9% on Friday as the carrier reported double-digit passenger growth in Jul-2010 – passenger numbers increasing 11% to 238,414 – and a “stabilisation” in yield declines.
China’s Shenzhen Airport (+2.5%) shares were on the increase on Friday (06-Aug-2010) after announcing its Jul-2010 passenger numbers rose by 16.7%. Results include:
Tiger Airways suffered its largest share price slump since its was floated seven months ago, falling 7.6% on Friday as the carrier’s earnings in the three months ended Jun-2010 failed to meet investor expectations. The carrier’ shares have risen 40% since its IPO in Jan-2010.
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...
As ancillary revenues and load factors rise, more ink is being dedicated to the consumer issues surrounding ancillary revenues as well as the issues of seat shortages for members wanting to use their frequent flyer benefits. Airlines are already fighting efforts in Congress to tax ancillary revenue,...
In recent decades, Greece has been a relatively stable nation with a very unstable airline. Once Olympic Airlines collapsed, it appeared that Aegean Airlines would restore stability to the sector, and meanwhile instability confronts the country. Now Aegean's status is being challenged as seven years...
GMR Infrastructure (+2.7%) shares rose on Monday (09-Aug-2010) after posting a net revenue increase of 4.6% for the 3 months ended Jun-2010:
European airline shares were boosted by the wider markets’ first gain in three sessions on Monday (09-Aug-2010), as investors were relieved over improved European economic data and beliefs the US Federal Reserve will implement new monetary policy action. Germany reported a 3.8% year-on-year rise in...
MTU Aero Engines Holding shares climbed 3.9% to close at EUR45.38 on Monday, representing the stock’s first gain in five days, after the engine maker’s stock was raised from “hold” to “buy” at Berenberg Bank.
North and South American airline stocks soared higher on Monday (09-Aug-2010) as airlines continued to report improved traffic results and wider markets gained. The Dow (+0.4%) edged slightly higher, as investors became cautious in afternoon trading ahead of the US Federal Reserve’s meeting on 10-...
Unlisted Etihad Airways has taken delivery of the first of two USD195 million A330-200F aircraft at Abu Dhabi International Airport on 08-Aug-2010. Senior VP of Etihad Crystal Cargo, Roy Kinnear, stated "cargo has grown from 12% of Etihad’s overall business to more than 15% in the past year". The...
US LCC stocks rose modestly Monday with the wider market amid indications that Europe's recovery is gaining traction. Meanwhile, Latin American stocks edged up slightly on Monday, with early gains trimmed on investor caution a day ahead of a US Federal Reserve meeting. However, Brazil's Bovespa index...
EVA Air reported a 39% surge in passenger yields (to USD 8.31 cents) and a 36.2% gain in cargo yields (to USD 24.86 cents) in Jul-2010 (off a weak base last year).
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...
Etihad Airways this month announced plans to introduce its first "all economy" class aircraft to its fleet in Oct-2010. This carrier will be the only non-LCC in the Middle East operating such a configuration, although the product bears some similarity to to the ‘Gulf Traveller’ product that CEO...
North and South American airline stocks declined with wider markets on Tuesday (10-Aug-2010), with the Dow (-0.5%) ending trading lower. Investors were concerned during trading over an unexpected widening of China’s trade surplus and looming guidance from the Federal Reserve.
Finnair has confirmed plans to increase its domestic and international feeder traffic network in cooperation with the UK’s LCC-cum-regional airline Flybe. Cooperation will be on various Finnish domestic routes including those to Tampere and Turku; also to Tallinn in Estonia. The cooperation will commence...
European airline shares slumped on Tuesday (10-Aug-2010), moving with wider markets. European shares were down on news of a wider than expected trade surplus in China for Jul-2010 and continued concerns ahead of the US Federal Reserve’s latest meeting.
Wataniya Airways, a subsidiary of Kuwait National Airways (0%), announced the opening of its new 24-hour guest telephone contact centre starting at Ramadan.
Aircastle shares fell 4.8% yesterday, coinciding with the release of the company’s second quarter and first half financial results to Jun-2010. The leasing company reported a 34% year-on-year reduction in net profit in 2Q2010, to USD18 million (or USD0.23/share), with revenues decreasing 4.9% to USD130...
UK’s unlisted BAA reported on Tuesday (10-Aug-2010) its passenger numbers were up slightly (0.3%) among its traffic highlights for Jul-2010.
Japan Airlines reports domestic passenger numbers fell 2.7% year-on-year in Jun-2010 to 2.76 million. It follows three successive months of gains. Rival ANA, meanwhile, handled 3.05 million domestic passengers in the month, up 5.8%.
Shares in Tiger Airways slumped 5.3% yesterday, falling below SGD2.00 for the first time in Aug-2010. Morgan Stanley stated: “We think Tiger shares might find it difficult to replicate its relative outperformance for the rest of the year”, relating to the carrier’s 38% gain since early Mar-2010...
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...
