The majority of North and South American airline stocks declined on Wednesday (18-Aug-2010) following mixed trading in wider markets. The Dow (+0.1%) ended trading relatively flat, gaining in afternoon trading on improved financial results in the retail sector.
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...
Wataniya Airways, subsidiary of Kuwait National Airways (0%), signed on Wednesday (18-Aug-2010) an agreement with Sixt Car Rental, giving Wataniya's Diwan members an average of 500 to 1000 miles for every car rental or limousine service used in various Middle East and European countries.
European airline shares moved higher on Wednesday (18-Aug-2010), after El Al and SAS reported improved financial results for 2Q2010 and oil prices (-0.5%) fell to USD75.42. The rise was despite falls in wider European markets, pushed lower by declines in the commodities sector, due to profit taking,...
Air Arabia, MENA’s first and largest LCC, has continued to report net profits throughout the global financial crisis and in 1H2010, and has emerged from the crisis as one of the best positioned carriers worldwide.
Rolls-Royce, a key supplier of A320-family engines, has criticised Airbus' potential re-engine plan for the A320, with the company's VP Strategic Marketing, Robert Nutall, stating: "If you look at the benefits of re-engining and all the costs, there's no net benefit. We can't make the business case...
Switzerland’s Zurich Airport (-0.5%) shares dropped slightly on Wednesday (18-Aug-2010), on the same day the airport announced its revenue rose 3.1% for the six months ended 30-Jun-2010:
AirAsia (-1.8%) declined for Wednesday (18-Aug-2010) despite reporting a 43% year-on-year improvement in net profit for the three months ended 30-Jun-2010 to USD63.2 million. The result came as revenues rose 26% for the quarter to USD298.8 million, while the cost of sales rose 33.6% to USD167.2 million...
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...
Aircastle shares slumped 8.1% yesterday, the largest reduction since 04-Jun-2010, to USD8.34 per share, after the aircraft lessor stated its largest shareholder, Fortress Investment Group, intends to sell 3.9 million shares in the company, reducing its stake to 29%.
US airline stocks slumped on Thursday (19-Aug-2010) after worldwide markets fell on disappointing US economic data. First-time jobless filings reached a nine-month record pushing the Dow (-1.8%) lower.
European airline shares were down marginally on Thursday (19-Aug-2010) as wider markets continued to decline. The markets suffered heavy losses due to weak US data, despite reports of improved UK retail sales and Germany's Bundesbank (Central Bank) raising its 2010 growth forecast after the German economy...
Kenya Airways shares gained slightly on Thursday (19-Aug-2010). The carrier also confirmed the commencement of twice weekly Nairobi-Luanda service on 17-Aug-2010. Kenya Airways will operate the route on a codeshare agreement with Angolan Airlines (TAAG). The route is the carrier’s 50th destination...
MAp (+1.4%) shares rose slightly on Thursday (19-Aug-2010). The following day the airport operator reported passenger numbers rose 2.1% year-on-year to 1.9 million at Brussels Airport in Jul-2010. MAp also released the following traffic highlights for Sydney Airport in Jul-2010:
Shares in Indian airlines were up strongly yesterday, as India’s benchmark stock index rose to a 30-month high as slowing food inflation fueled speculation the monsoon will boost crop output and buoy economic growth. The carriers' share price gains were boosted by reiterations by Civil Aviation Minister...
Oil prices fell below USD75/barrel this week, with the price of crude falling to its lowest level in five weeks, as equities fell and the US Energy Department reported that total US inventories of crude oil and petroleum products have climbed to their highest levels in 27 years, passing 1.13 billion...
The announcement last week from Ryanair that it intends to include Larnaca, Cyprus in its list of destinations raises some interesting questions. Not least amongst them is, just how far can LCCs travel using the business model that is in place now? So far Ryanair has shied away from long haul (transatlantic...
This week’s proposed combination of Brazil’s TAM and the multi-hub LAN is making waves across the industry. In creating what will be a world force, it would also create a regional dominance unprecedented in any other geography. The cross-alliance merger of LAN (oneworld) and TAM (Star) also raises...
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...
Sama CEO, Bruce Ashby, on 22-Aug-2010, confirmed the Saudi Arabian LCC would suspend operations from 24-Aug-2010 until further notice, as the company failed to receive government support and efforts to find strategic investors to invest in the company were unsuccessful. The carrier has informed the...
TravelSky Technology continues to gain ground, with shares adding 4.1% overnight. Its stock price has been trending upward since late May-2010.
Shares in Air Berlin remained neutral on Friday, on reports in the WirtschaftsWoche that the carrier is seeking to transform itself from its low-cost origins into a more direct competitor to full-service rivals, including Lufthansa. As part of the strategy, the carrier is seeking to improve service...
European airline shares sunk for another day on Friday (20-Aug-2010), again pushed lower by weaker wider markets, which fell to their lowest close in a month. Markets were down on continued concerns about the strength of the economic recovery worldwide.
Unlisted Sama's CEO, Bruce Ashby, confirmed reports the Saudi Arabian LCC will cease operations from 24-Aug-2010 until further notice, as the company failed to receive government support and efforts to find strategic investors to invest in the company failed. The decision was taken after the airline...
The Economist magazine has recently presented evidence in several articles that suggests the propensity for industrial and commercial intervention by the state in rich countries is increasing. It pointed to the Japanese Government’s desire to create a "Japan Inc", deepening the links between business...
Airports of Thailand (AoT) shares rose by 1.3% on Friday (20-Aug-2010) after reporting the following traffic highlights in Jul-2010:
North and South American airline stocks mostly fell for Friday (20-Aug-2010) as US investors remained concerned over the strength of recovery in the US economy. The Dow (-0.6%) was pushed lower by concerns over the weaker euro and a decline in the energy sector.
EVA Air shares gained 4.2% yesterday as the carrier reported a turnaround to profitability at the operating and net levels in the six months ended 30-Jun-2010. Operating and net profits stood at USD163.3 million and USD163.5 million, respectively, in the six-month period (compared with losses of USD69...
The Czech Republic’s Vodochody Airport, a general aviation airport to the north of Prague, is in talks with several low-cost carriers to commence service. Penta, a private equity group that owns Vodochody, has plans to expand the airport to accommodate 3.5 million passengers per year and offer lower...
A discussion about Brazilian – or even South American aviation – is incomplete without Gol, with its low-fare strategy, and TAM, with a legacy strategy complete with regional airline feeder in Pantanal and membership in Star Alliance. TAM’s measured and targeted growth contrasts, however, with...
