Shares in Southwest declined 1.3% yesterday, following a 2.9% gain on 27-Aug-2010.
Shares in French aircraft systems and interiors manufacturer, Zodiac Aerospace, surged 10.5% in trading yesterday on renewed speculation that Safran Group will launch a takeover of the company. Safran shares were down 2.3%.
European airline share movements returned to negative territory on Monday (30-Aug-2010) as wider markets closed marginally lower. Trading was quieter due the UK Bank Holiday, with investors remaining concerned over the global economic recovery.
Fly540, subsidiary of Lonrho (+4.6%), and UK-based ACL Aviation Support Ltd (ACL) signed joint consent on 24-Aug-2010 and withdrew court proceedings over the breach of a purchase lease agreement of two aircraft.
The Netherlands unlisted Schiphol Group announced its revenue for the six months ended 30-Jun-2010 fell by 1.5%:
Business aviation is one of the key segments within general aviation, which is generally defined as all aviation activity other than scheduled commercial or military operations. Although it has a much lower profile than regular passenger transport, the size of the global business jet fleet is a significant...
Unlike the airline industry, where deregulation has become the preferred regulatory mechanism and where competition is strong, airports have high barriers to entry and are near-monopolies in many cases. Consequently regulation has been considered essential as airports pass into private hands. In turn...
IATA, in its July-August Airlines Financial Monitor, stated airline share prices have increased 73% from the lows of 2009, due to improved profitability among the worlds’ airlines and outperforming the broader equity market.
Bangalore International Airport Limited (BIAL) this month unveiled designs and details of the Terminal 1 (T1) expansion which will deliver enhanced capacity to cater to the rapidly growing passenger traffic in Bangalore.
Airline traffic growth in India remained in double digits last month, with traffic now rebounding to well above pre-recession levels, at an average growth rate of almost 21% in the year-to-date. Meanwhile, the stability in the sector has improved, as continued passenger growth combines with a pick up...
IATA, in its July-August Airlines Financial Monitor, commented that “markets are positive on Asian and US airlines but European airline share prices are lagging”.
European airlines declined on Wednesday (31-Aug-2010) despite gains in wider markets, boosted by improved US consumer confidence data. Airlines were down as oil prices (+0.6%) continued their recent rebound, ending trading at USD74.70.
Kenya Aviation and Allied Workers Union stated it will join the strike called by Kenya Airways (-4.1%) staff on 07-Sep-2010, over alleged non-implementation of the Aug-2009 return to work formula that ended a three-day strike. The 3500 unionised workers of the carrier went back to work after being promised...
France’s Aeroports de Paris (+2%) shares gains slightly on Tuesday (31-Aug-2010) after reporting a revenue increase of 2.5% for the six months ended 30-Jun-2010:
Kingfisher Airlines announced plans to raise more than USD350 million in funding, through a combination of global depository receipts and a local equity offering. The carrier plans to raise USD250 million through the sale of GDRs in international markets and USD106 million through a domestic offering...
With China’s GDP surging in the first half of 2010 in response to a stronger global economy, it is no surprise that the Chinese air freight market is going from strength to strength, as the country’s manufacturing sector recovers at a cracking pace following the global financial downturn. But the...
