Airports of Thailand (-1.8%) plans to generate income from five smaller airports by focusing on real-estate development. Space in the airports will also be developed to accommodate more tenants and provide more convenience for passengers. The international airports include Chiang Rai, Chiang Mai, Hat...
Ethiopian Airlines, one of Africa’s oldest and most stable carriers, is rapidly evolving as it takes delivery of new 777s and, on Wednesday, links itself to Star Alliance.
IATA reported that international air travel and air freight markets slowed in Aug-2010, with air travel volumes (RPKs) slowing from a revised 9.5% year-on-year growth rate in Jul-2010 to 6.4% in August. Airfreight volumes (FTKs) slowed from 23% to 19.6%. However, global passenger traffic is now 2% above...
Although it is just a month out from third quarter reporting, AirlineFinancials.com is predicting that US Airways will report an all-time record quarterly profit at USD225 million from USD3.2 billion in operating revenue. Indeed it is well outpacing its peers in many metrics and its stock price has...
Shares in Virgin Blue gained 3.5% yesterday. The carrier suffered a serious technical fault on Sunday as the Navitaire New Skies system experienced a hardware failure, forcing the airline to switch to manual. The carrier said its reservation and check-in systems were up and running yesterday after another...
Perhaps not since the march of General Sherman has Atlanta seen such a sudden change in the status quo. While infinitely smaller than Delta, AirTran operates to dozens of cities from Delta’s hub city. Unlike Southwest’s usual “go-slow” approach, it will enter the Atlanta market with a fully...
Saudi Arabian Government plans to heavily invest in constructing new airports in the kingdom, while also expanding existing airports over the next decade. General Authority of Civil Aviation (GACA) stated it plans to invest USD10 billion-20 billion developing and upgrading airports by 2020, with private...
Shares in Norwegian Air Shuttle gained 2.5% yesterday, on a day that saw share price reductions for the majority of listed LCCs around the world.
Bahrain’s struggling national carrier Gulf Air has put itself up as a possible target for International Airlines Group (IAG), the new holding company formed to oversee the merger of British Airways and Iberia.
Middle East airlines are making major competitive inroads in long-haul intercontinental markets, making their presence felt particularly in Europe and Asia. Short/medium-haul LCCs are also springing up across the Middle East, challenging several of the region's second tier flag carriers.
North and South American airline stocks were mixed on Wednesday (29-Sep-2010) as wider markets ended the day slightly lower. The Dow (-0.2%) slipped in late trading on continued concerns over debt issues in Europe.
Royal Jordanian (-4%) renewed (29-Sep-2010) its contract with AFI KLM E&M for A340 component and engine support for a further three years. The contract includes repairs and pool access as part of a flight-hour contract for components and overhaul of/access to leased engine replacements.
European airline shares were mostly down on Wednesday (29-Sep-2010) after European markets fell to a three-week closing low. Markets were pushed lower by a decline in Irish and Spanish bonds.
China’s Shanghai Airport Authority (-1.1%) reported the following traffic highlights for Shanghai Pudong and Shanghai Hongqiao airports for the first eight months of 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...
Shares of China Airlines and EVA Airways gained on Wednesday – up 4.1% and 3.8%, respectively – after China’s Taiwan Affairs Office confirmed CAAC approved up to 36 additional direct cross-Strait frequencies, to be operated by Taiwanese carriers, and is actively coordinating with respective parties...
RAK Airways confirmed plans to resume services from 10-Oct-2010 with two scheduled destinations initially: Jeddah in Saudi Arabia and Calicut in India. RAK Airways launched operations in early 2007, but suspended scheduled services in May-2009 due to the global financial crisis. However, Chairman, Sheikh...
The overall quality of airline service is presumed to be generally on the decline. There are regularly issued reports, government statistics and frequent news stories that spotlight some aspect of the travel experience that has gone awry. While surely not free of bias, the British-based site airlinequality...
Prague Airport announced its passengers traffic fell by 2.4% in Aug-2010:
Shares in EVA Airways fell the most in three weeks in Taipei trading, closing the day down 4.2% as the carrier was cut from "buy" to "neutral" by UBS, citing the stock’s recent rally. The brokerage raised its share-price estimate from TWD26.80 to TWD28.
A second week of declines in crude oil stocks has prompted a rally in the oil price, with WTI crude trading near USD80 per barrel and North Sea Brent crude pushing past the psychological barrier. Crude prices are trading near a two-month high, with a weak US dollar making commodity investments more...
