LAN and TAM are clearly not superstitious. But there will be bad news for some. The carriers’ surprise announcement on Friday, 13-Aug-2010 that the two major Latin American airlines were to merge promises to reshape the entire South American market. And, because the emerging markets there are becoming...
Virgin Blue Group CEO, John Borghetti, today (16-Aug-2010) announced the first phase of the group’s network review aimed at “delivering increased competition and capturing growth opportunities”, including Pacific Blue's exit from the New Zealand domestic market.
Korean Air's shares advanced 2.8% on Friday as the carrier unveiled a more than doubling in operating profits, to establish a new second quarter profit record, as revenues surged 36.7% year-on-year.
The proposed merger between Latin America’s two main network airlines, LAN and TAM, will set in train another scramble between their respective alliances, oneworld and Star Alliance – much in the same way as occurred when it appeared that Japan Airlines might defect from oneworld to Star following...
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...
Mexicana de Aviacion’s bankruptcy protection moves are faltering as the carrier seeks to maintain its cash flow, and service cutbacks to London and Madrid services reduce its contribution to alliance partners. Mexicana's rapid decline into restructuring or oblivion, while certainly a negative for...
Turkish LCC, SunExpress, reported revenues of EUR255 million in the first seven months of 2010, attributable to a 22.7% jump in passenger numbers to 3.6 million during the period. In the month of Jul-2010, the carrier registered a 29.6% rise in passengers to 736,000.
South American airline stocks continued to soar on Monday (16-Aug-2010) as investors continued to buy up TAM and LAN Airlines stock following their proposed merger. North American airline stocks were mixed, as the Dow ended trading flat.
Kenya Airways' shares remained stable on Monday (16-Aug-2010). On the same day, the carrier announced plans to launch twice weekly Nairobi-Luanda service on 17-Aug-2010.
France's Aeroports de Paris (+0.3%) shares slightly rose on Monday (16-Aug-2010) after reporting the following traffic highlights in Jul-2010:
European airline shares declined on Monday (16-Aug-2010) as wider markets ended the day flat. Gains in the mining and retailing sectors offset a fall in banking shares, following disappointing economic data from the US and Japan.
Airbus has been or is currently in talks with two Southeast Asian carries, Malaysia Airlines and Thai Airways.
China Southern reported a large improvement in the six months ended 30-Jun-2010, with net profits of USD303.2 million compared with USD3.7 million in 1H2009. Operating profits increased 29.3% in the period, to USD259.4 million, with the carrier benefitting from surging travel demand and the sale of...
IATA, in its Premium Traffic Monitor for Jun-2010, stated there was "another rise" in international passengers in Jun-2010, with the numbers travelling in premium seats 16.6% higher on a year-on-year basis, while economy traffic increased 9.5%. Despite this upward trend, which correlates with improved...
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...
EgyptAir Holding company Chairman and CEO, Hussein Massoud, stated the carrier plans to increase full-year profits by nearly a third, commenting that the carrier is currently “making a profit", and adding: "We are planning to see more this year”. The company is targeting a USD132 million profit...
AirAsia has proven its staying power in a slow but recovering market in 2Q2010, turning in what it describes as its "record quarter". Revenues for the Malaysian operation were up 26% year on year, to RMB940.66 million, while profit before tax rose a more modest 4%, to RMB143.65 million. EBITDAR was...
ILFC VP, Ozzie Chraibi, in an interview with Reuters, stated the American International Group unit is in negotiations with several national and commercial airlines to double its footprint in Africa by 2015. The leasing company currently leases aircraft in approximately eight countries in Africa.
Bulgaria’s BULATS and Romania’s ROMATSA – the national Air Navigation Services Providers of the respective countries – on 10-Aug-2010 signed an MoU on cooperation in air navigation services and for the establishment of a functional airspace block DANUBE FAB.
European airline shares rebounded on Tuesday (17-Aug-2010) as wider markets made strong gains for the day. Markets were boosted by the insurance sector, after the European Union approved Aegon’s recapitalisation plan.
Shares in US LCCs were all strong yesterday, with shares in JetBlue, Southwest, Allegiant and AirTran gaining 1.3%, 1.4%, 1.6% and 2.6%, respectively. Shares in Canadian LCC, WestJet, were also higher, up 2.6%.
North and South American airline stocks rallied on Tuesday (17-Aug-2010) as wider markets advanced on encouraging economic data and improved financial results from Wal-Mart. The Dow (+1.0%) was up after the Federal Reserve stated industrial production rose 1.0% in Jul-2010, while the US Government reported...
Kenya Airways (+0.5%) stated it aims to assist passengers in obtaining visitors' visas in an effort to encourage travellers to Angola. There is no Angolan Embassy in Nairobi and passengers seeking to fly to Angola require to obtain a visa from Tanzania, which is accredited to serve Kenya.
China’s Beijing Capital International Airport Co (-1.5%) shares fell on Tuesday (17-Aug-2010), the same day the airport reported the following financial/traffic highlights for the six months ended 30-Jun-2010:
Shares in Malaysia Airlines slipped 3.5% yesterday, following the release of its financial results earlier in the week. It follows a 6.5% share price rise the previous day.
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...
AirAsia, the Asia Pacific region’s largest LCC, has proven its staying power in a slow but recovering market in 2Q2010, turning in what it describes as a "record quarter" for second quarter revenues. The carrier commented that the result builds on the “momentum of its first quarter profits” and...
As they evolve towards a single market, domestic New Zealand and trans-Tasman airline operations have become increasingly competitive and overcrowded, with the global financial crisis and overcapacity further pressuring demand and yields in the region. As Virgin Blue Group’s Pacific Blue exits the...
Virgin Blue Group CEO, John Borghetti, on 16-Aug-2010, announced the first phase of the group’s network review aimed at “delivering increased competition and capturing growth opportunities”, including Pacific Blue's exit from the New Zealand domestic market. The move is probably a good indicator...
US Department of Transportation's Bureau of Transportation Statistics (BTS) reported that US LCC full-time equivalent employee (FTE) levels in Jun-2010 increased 0.9% year-on-year, marking the seventh consecutive month of year-on-year FTE increases and the second consecutive June of FTE gains.
