North and South American airline stocks declined for Friday (17-Sep-2010) as the wider market faltered late in trading on news US consumer confidence plummeted to a one-year low for Sep-2010. The Dow (+0.1%) ended the session up only marginally, after stronger gains in the morning.
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...
Stifel Nicolaus analyst Hunter Keay had the news wires burning over the weekend after he suggested that the next logical merger would be the acquisition of Sun Country Airlines by Southwest Airlines.
Shares in Cimber Sterling slumped 11.8% yesterday, following a 26.1% gain on the previous day. The massive gain occurred as Transavia announced plans to close its operations in Denmark, Cimber Sterling’s base country, from 01-Nov-2010, although some routes may continue until 01-Apr-2011 to fulfil...
Boeing forecast on Tuesday (21-Sep-2010) air carriers in Africa will experience steady growth over the next 20 years as air travel there continues to grow with the economy.
North and South American airlines stocks shot higher on the same day Atlas Air Worldwide Holdings raised its earnings guidance for FY2010 and IATA announced it expects airlines to report a combined net profit of USD8.9 billion for this year. The Dow (+0.1%) also rose after US Federal Reserve stated...
European airline shares made minor gains on Tuesday (21-Sep-2010), despite a slip in wider markets and another rise in oil prices (+0.2%) to USD74.97, albeit small. Markets declined in afternoon trading as investors became cautious ahead of the US Federal Reserve’s monetary policy meeting.
IATA again upwardly revised its 2010 outlook following a strong first half to the year, with the organisation now projecting a profit of USD8.9 billion – up from the USD2.5 billion profit forecast in Jun-2010 and a USD2.8 billion loss forecast as of Mar-2010 – on revenues of USD560 billion, commenting...
China’s unlisted Chengdu Shuangliu Airport expects to handle up to 800,000 passengers during the 10 days of the National Day Golden Week and Mid-Autumn Festival.
Air New Zealand reported that group-wide yields for the financial year to date have increased 4.5% year-on-year. Short-haul yields in Aug-2010 were 1.1% weaker on a year-on-year basis, as the airline continued to lower fares which stimulated demand, while respective long-haul yields increased 11.5%....
The US Department of Transportation has reported rising US airline ancillary revenues of USD2.1bn in 2Q-2010. As part of their second-quarter revenue, airlines collected USD893 million in baggage fees and USD594 million from reservation change fees from April to June. In addition, miscellaneous ancillary...
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...
AMR disappointed analysts on Tuesday when it reported weaker-than-expected unit revenue growth is expected for the third quarter. However, none were surprised at the report citing weak economic reports during the quarter.
Several airlines are making major competitive inroads into the markets they serve this year, while others have made it into this year’s CAPA’s Hottest Airlines to Watch list as they begin aggressive fleet and network expansion drives. In every region, there are airlines (of all models) that should...
The US airline industry is well into recovery, with Department of Transportation statistics revealing network airlines’ profit margin in the second quarter of 2010 was the largest since the second quarter of 2007. To further the point, the combined profit margin for the network, low-cost and regional...
North and South American airline stocks were a mixed bag on Wednesday (22-Sep-2010), despite a decline in wider markets. The Dow (-0.2%) slipped, after the Federal Reserve decided against new stimulus spending but stated they would be prepared to act if the economy continues to “cool”.
Royal Jordanian reported on Wednesday (22-Sep-2010) the following traffic highlights in Aug-2010:
It’s the first major commercial aircraft programme for Japan since the 1960s, but Mitsubishi Aircraft is confident that its new Mitsubishi Regional Jet will be profitable in as few as six years.
European airline shares ended Wednesday’s (22-Sep-2010) session lower after wider markets tumbled to a two-week low. Markets were down on the US Federal Reserve’s downbeat analysis of the economy.
Shares in Ryanair slipped 2.4% yesterday, on the same day the carrier held its AGM.
Germany’s Fraport AG (-1.9%) CEO Dr Stefan Schulte stated the airport operator is in talks to acquire a 25% stake in China’s Hunan Airport Group. A final decision on the acquisition is to be made in the next two years. It would be the company’s second airport stake after a similar strategy in...
Shares in Virgin Blue gained 1.2% yesterday and are up by 3.4% in early-morning trading following the interim approval on 23-Sep-2010 from the Australian Competition and Consumer Commission of a proposed alliance between Virgin Blue and Etihad.
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...
In October 2010, SpiceJet will become the first independent Indian LCC to launch international operations. This marks an important step in the development of the low-cost model in India, which has been embraced in the domestic market.
Kingfisher Airlines has experienced a challenging couple of years but there are some signs emerging that the worst may be behind it. The carrier, which launched in May 2005 has plotted a remarkable growth trajectory. It was already pursuing strong organic expansion in its own right, when it announced...
The majority of North American airline stocks fell on Thursday (23-Sep-2010) as the Dow (-0.7%) was down on a surprise rise in weekly jobless claims late in trading. The declines were despite news the US' Leading Economic Index increased 0.3% in Aug-2010 and existing home sales increased 7.6% to a seasonally...
European airline shares declined on Thursday (23-Sep-2010) as the wider market fell on news Ireland’s GDP was down 1.2% in 2Q2010, compared with 1Q2010. However, markets made some recovery in afternoon trading after a rise in US home sales.
Air Arabia's (+0.4%) subsidiary, Air Arabia (Maroc), extended (23-Sep-2010) its cooperation with AVIAREPS in Europe to cover Public Relations activities. With immediate effect, the company will handle PR activities on behalf of Air Arabia (Maroc) in Germany/Switzerland, Benelux, France and Italy.
Norwegian Air Shuttle CEO Bjoern Kjos stated the LCC plans to order widebody aircraft from either Boeing or Airbus in Oct-2010 as it prepares for the launch of its first long-haul routes.
Aircraft ordering appears to have normalised, as Airbus and Boeing both close in on 400 net orders apiece with a full quarter left in the year.
