Embraer’s revenue is expected to continue to decline this year, but CFO Luiz Carlos Aguiar has revealed that the company is experiencing a “gradual recovery”. In 2008, the company had net revenue of USD6.34 billion, which fell to USD5.47 billion in 2009 as aircraft ordering declined.
Copenhagen Airports (+0.2%) shares gained slightly on Friday (10-Sep-2010). On the same day the airport operator reported its busiest Aug-2010 and summer period ever:
Mauritius stated air services to China will open shortly, with Air Mauritius (0%) planning to operate the services following negotiations between the countries. Mauritian officials also reportedly held discussions with Hainan Airlines Company.
European airline shares were mixed on Friday (10-Sep-2010) as wider markets slipped with a decline in the banking sector ahead of the release of the Basel III rules on capital requirements. A solid gain in oil prices (+3.0%), to USD76.45, also pushed some airline shares lower.
Shares in JetBlue declined 0.7% on a weaker day for LCCs worldwide. Also on Friday, JetBlue stated PRASM for Aug-2010 increased 12% year-on-year, in line with company expectations. The carrier handled 2.3 million revenue passengers in the month, a 6.6% year-on-year increase, with an average load factor...
Shares in Virgin Blue slumped 7.0% yesterday to AUD0.40 cents, after the nation’s competition regulator (ACCC) issued a draft determination proposing to block a planned alliance with Air New Zealand. The ruling was Brisbane-based Virgin Blue’s second rejected collaboration in as many days after...
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...
Airports of Thailand (AoT) reported a 3.1% increase in passenger traffic to 4.8 million in Aug-2010, including a 9.6% surge in international numbers to 3.0 million. Bangkok's Suvarnabhumi Airport reported a 0.4% fall in passenger traffic in Aug-2010 to 3.5 million. But so far in 2010 (eight months to...
US Government collected statistics show that shifting travel patterns are emerging, as more direct services provide new points of connection for travellers. The most dramatic gains are seen in the Middle East and Africa, where non-stop flights have proliferated in recent years, providing new connecting...
North and South American airline stocks rose for another day on Tuesday (14-Sep-2010) boosted by guidance from Delta Air Lines that it expects strong results 3Q2010. The Dow (-0.2%) meanwhile slipped after a survey on expectations for the German economy fell short of forecasts, outweighing data showing...
European airline shares were mixed on Tuesday (14-Sep-2010) in a day of choppy trading in wider markets. In key markets, UK’s FTSE was flat, while Germany’s DAX (+0.2%) and France’s CAC (+0.2%) advanced only marginally.
Virgin Blue was the strongest gainer among the LCCs yesterday, gaining 4% as CEO, John Borghetti, vowed to fight regulators’ decisions to deny proposed alliances with Delta Air Lines and Air New Zealand. He added that he is confident the recent preliminary rejections of its proposed alliances with...
South African carrier Comair has unveiled a 21% increase in earnings per share for the 12 months ended 30-Jun-2010, shrugging off challenging market conditions and intense competition.
Chinese airline stocks closed higher on Monday, aided by a stronger yuan. Hainan Airlines, China Eastern, China Southern and Air China rose 3.4%, 3.3%, 1.8% and 1.2%, respectively yesterday.
South African Airways (SAA) reported a 44.5% year-on-year increase in net profit to *USD81.4 million for the 12 months ended 31-Mar-2010, attributable to a 25% decline in the average fuel price during the period. The carrier stated the increase in profit was achieved despite a 2.4% decline in passenger...
More consolidation and acquisition in the aerospace suppliers sector could be forthcoming, with B/E Aerospace announcing a USD650 million debt offering, which it intends to use to fund acquisitions.
North and South American airline stocks were mainly down on Friday (10-Sep-2010) as oil prices (+3.0%) advanced for the day to USD76.45. The Dow ended trading flat, as the energy sector advanced on the improved oil price, but the utilities sector declined.
North and South American airline stocks advanced on Monday (13-Sep-2010) as the Dow (+0.8%) on improved Chinese economic data and banks reached an agreement on capital reserve regulations. The AMEX Airline Index (+1.1%) ended the day higher as a result.
European airline shares were mostly up on Monday (13-Sep-2010) as wider markets reached their highest close since Apr-2010. Markets were up on improved economic data from China and news that new banking capital requirements announced during the session were not more demanding than present.
US airline stocks generally gained on Monday on positive economic reports, with Allegiant leading the way, with a 5.1% share price jump.
Australian Infrastructure Fund (+1.1%) shares rose on Monday (13-Sep-2010), on the same day AIX reported a passenger traffic increase of 9.1% in Jul-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...
Worries over the fate of Comair came to fruition yesterday after Delta said it plans to park half the 97 regional jets now in operation at the hub. It is also cutting the number of employees at the diminishing Cleveland hub. Not surprisingly, since this is only the latest iteration of what used to euphemistically...
Following a rather robust northern summer, airlines are looking to the autumn and falling demand. The "sales" are beginning to appear. One offer that was recently proffered came from Lufthansa, encouraging autumn travel to Munich, perhaps to quaff a beer or two.
European airline shares fell with wider markets on Wednesday (15-Sep-2010) following disappointing US data on industrial output and Japan commencing an intervention to weaken the yen. An increase in oil prices (+1.0%), to USD76.02, also weakened the airline share market.
Shares in Ryanair slumped 5.5% yesterday. The carrier, earlier this week, stated the EUR500 million dividend to be paid by the carrier is a one-off exceptional payment, due to excess liquidity related to the abandonment of aircraft acquisitions. The carrier also denied reports it is planning mergers...
North and South American airline stocks soared again on Wednesday (15-Sep-2010), as US carriers continued to release improved guidance for 3Q2010 during the session. A gain in the Dow (+0.4%) also sent airline shares higher, despite data showing industrial output grew at a slower rate in Aug-2010.
IATA, in its Premium Traffic Monitor for Jul-2010, reported a “strong” expansion in the number of passengers on international air travel markets in Jul-2010, with the numbers travelling in premium seats being 13.8% higher on a year-on-year basis and economy traffic increasing 8.8%.
gategroup (+0.7%) rose only marginally, despite news it has reached an agreement with Cara Operations Limited for gategroup to acquire Cara Airline Solutions, a Canadian airline catering and logistics provider. When complete, the transaction will establish gategroup’s core brand Gate Gourmet as a...
Thai Airways has priced its rights issue at THB31 apiece, slightly below market expectations of THB34-35 per share. The carrier aims to raise THB15 billion (USD486 million) to help fund fleet renewal and expansion plans.
