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...
The Tenedora K consortium, with 95% equity, and Mexicana’s pilots’ union with 5%, now reportedly own what remains of Mexicana de Aviacion. Operating now under Mexican and partial US (Chapter 15) bankruptcy protection, the carrier is a shell of its former self, apparently providing only domestic...
Kenya Airways (0%) shares remained stable on Monday (23-Aug-2010). On the same day the carrier announced plans to resume Nairobi-Rome service from 16-Dec-2010.
European airline shares mostly rebounded on Monday (23-Aug-2010) as wider markets rose on news of merger and acquisition activity and gains in the mining sector. Airline shares were also boosted by another day of declines in oil prices (-0.4%) to USD73.14.
North and South American airline stocks dived on Monday (23-Aug-2010) as the US market continued to be weighed down by concerns of the stability of the country’s economic recovery. The Dow (-0.4%) declined as a result, despite news of planned mergers and acquisitions.
Shares in Brazilian LCC GOL slipped 3.4% yesterday in New York on a day when international companies trading in New York closed lower on concerns that recent signs of economic weakness overshadowed an upswing in deal activity.
Shares in New Zealand’s Auckland International Airport (+0.5%) rose slightly on Monday (24-Aug-2010), on the same day the airport reported the following traffic highlights for Jul-2010:
Shares in China Airlines remained neutral yesterday, ahead of the release of the carrier’s financial results for the three months ended 30-Jun-2010 after market close yesterday. The carrier reported a record quarter profit, as the economic recovery spurred passenger and cargo demand.
Several Canadian airport operators have released traffic and financial reports for various periods in 2009/10. Overall, they indicate the Canadian airports sector is fairly robust though much will continue to depend on the fortunes of the two main carriers, Air Canada and WestJet.
Domestic yields for US airlines rose 13.1% in July to USD 14.95 cents, continuing this year’s trend in robust yields, according to the US Air Transport Association. Atlantic yields rose 27.5% to USD 13.97 cents but was again bested by Pacific performance where airline yields soared 40.1% to USD 13...
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...
Air France-KLM Group is reportedly studying the possibility of resuming services between Paris and Tripoli, almost 22 years after the Lockerbie bombing (Pan Am 103) and 21 years after the subsequent downing of a French UTA Airlines flight in Niger, which was blamed on the Libyan Secret Service. No indication...
The passage of a safety bill coupled with yet another extension – the 15th since the last Federal Aviation Administration Reauthorisation Bill expired in 2007 – means that there is not a snowball’s chance in hell of getting a long-term FAA authorisation bill through the US Congress this year....
After a delay of several months, the Russian Interstate Aviation Committee Aviation Register (IAC AR) granted PowerJet a Russian Type Certificate for the SaM146 engine. The SaM146 is now certified for service in Russia on regional jet aircraft, most importantly the Sukhoi Superjet 100, of which it is...
Singapore Airlines, Malaysia Airlines and Thai Airways reported mixed financial results in the three months ended Jun-2010, with combined revenues of USD4.8 billion and a combined net profit of USD66.5 million, for a collective net profit margin of 1.4%. Malaysia Airlines dragged the result down in...
European airline shares declined again on Tuesday (24-Aug-2010) as wider markets fell to a one-month closing low. Airline shares were also down on reports of net losses from Aer Lingus and Air Berlin.
North and South American airline shares fell for a fourth consecutive day on Tuesday (25-Aug-2010) on continued concerns the recovery in the US economy is slowing, following disappointing US housing data. The Dow (-1.3%) declined as a result.
European shares fell to a one-month closing low on Tuesday as disappointing US housing data underscored concerns over the pace of recovery in the world's largest economy. Existing-home sales were sharply lower in Jul-2010, dropping 27.2% on a seasonally adjusted basis, with sales at the lowest level...
Wataniya Airways, subsidiary of Kuwait National Airways (-2.1%), announced the suspension of Kuwait-Rome and confirmed plans to increase Kuwait-Vienna frequency from three to six times weekly.
Australia’s MAp (-1.7%) shares fell slightly on Tuesday (24-Aug-2010). The airport operator also reported a revenue increase of 5.4% among financial highlights for the six months ended 30-Jun-2010:
In a move that is long overdue, according to analysts, Alaska Air Group is restructuring subsidiary Horizon Air, dropping its branded business in favour of a 100% capacity purchase business model that is more like its peers. Announced in Alaska’s latest investor update filing, the company said that...
Spain's Government approved a reform to deregulate the provision of air traffic control services and stated those services can be provided by private firms in competition with AENA. The approval incorporates into legislation the European Union's Single European Sky initiative and also establishes the...
Shares in Air New Zealand slipped 0.8% yesterday, ahead of the expected release of the carrier’s financial results tomorrow (26-Aug-2010). Analysts expect the carrier to report a much-reduced underlying profit in the 12 months to Jun-2010, on reduced revenue levels, although the outlook for 2012 is...
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 Mexicana’s self-appointed rescue group Tenedora K seeks to secure large flying staff reductions at the failed airline, flight attendants have pushed back. The employees have said they are not prepared to accept large salary reductions or a significant cutback in staff numbers by up to 75% in a...
European airline shares continued to decline on Wednesday (25-Aug-2010) as wider markets crashed to a five-week closing low. Markets were down on more disappointing economic data from the US and news Ireland’s credit rating was cut by Standard and Poor’s.
Air Arabia (-0.3%) shares dropped slightly on Wednesday (25-Aug-2010), on the same day the carrier announced that passenger traffic between Sharjah and other GCC destinations reached 551,041 in 1H2010, a 16.8% year-on-year increase, with an average load factor of 81.8%. The carrier operated 83 weekly...
Australia Infrastructure Fund (AIX) (-1.4%) revenue was up 9.8% among financial highlights for the 12 months ended 30-Jun-2010:
The majority of North and South American airline stocks remained down on Wednesday (25-Aug-2010), despite a slight rise in the US market. The Dow (+0.2%) gained marginally, as investors took advantage of cheap stocks in late trading.
ACI EUROPE & ACI ASIA-PACIFIC are jointly presenting Airport Exchange 2010, 4-6 October 2010 in Istanbul, Turkey. The Centre for Asia Pacific Aviation (CAPA) is pleased to partner with event organiser, PPS Publications Ltd, to support this and other events under a wide ranging agreement.
