Shares in Kingfisher and SpiceJet soared 5.2% and 4.0% respectively yesterday, shrugging off a 68-point fall in the Bombay Sensex Index, which was dragged lower by profit taking. Gains were made by consumer durables stocks, while banking stocks were lower. Jet Airways gained 0.6%.
Ryanair CEO Michael O'Leary has indicated strongly that the LCC is considering opening routes to all major European airports with the exception of the ‘top three’ – London Heathrow, Paris Charles de Gaulle and Frankfurt am Main – as slowing growth prompts it to modify its strategy based on operating...
Some 63% of corporate travel managers surveyed by the National Business Travel Association expect business travel to continue to improve over the next 12 months, despite predictions of a weakening US economy. The organisation found that increasing outbound international travel and higher costs were...
Chinese airline profits are flowing again in 2010 after a recovery in earnings in 2H2009, despite aggressive capacity and network expansion. The CAAC reported that the nation’s carriers achieved combined profits of USD808.2 million in Jul-2010, with overall profits for the aviation industry (including...
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...
After years of negotiation and numerous applications, three oneworld partners have announced the benefits to passengers that will derive from gaining Antitrust Immunity.
easyJet has updated its full-year profit before tax guidance to slightly above GBP150 million from a previous expectation of GBP100-150 million. Its shares soared 12% yesterday for the biggest one-day gain in at least 20 months.
US and European airlines are lobbying governments to stop loan guarantees provided to rival carriers purchasing Boeing and Airbus aircraft.
Air Arabia launched a service on Tuesday to allow its Indian passengers to buy tickets and apply for a visa to the United Arab Emirates online.
Only hours after British Airways, American and Iberia launched their trans-Atlantic joint business, the US Department of Transportation tentatively approved antitrust immunity for American-JAL and United-Continental-ANA, creating a level playing field across the Pacific as well.
Shares in BAA parent, Ferrovial, rose 3.2% yesterday to their highest level in six months after the Canada Pension Plan Investment Board agreed to acquire an additional 10% stake in the 407 Express Toll Route near Toronto for USD884 million. Healthy demand figures and a profit upgrade by easyJet are...
The UK’s regional commuter airline, Eastern Airways, announced it will deploy Embraer 135 jet aircraft on services from Aberdeen to Norway from 01-Nov-2010. Better known as an operator of Jetstream 41 models – it is the largest in the world with 20 in service – Eastern has been bucking the economic...
Airline stocks in the Asia Pacific region were mixed yesterday. Mainland Chinese carrier stocks fell, led by Air China (-3.4%), while Taiwanese carriers gained, led by EVA Air (+4.3%).
Aeropuertos Andinos del Peru (AADP) has been awarded the concession by ProInversión, Peru's private investment promotion agency, for the construction and management of six new airports in southern Peru and there is more to come with Cusco lined up next for a new terminal. Other countries in Latin America...
Delays to the completion of facilities for the Commonwealth Games in Delhi stole the world’s attention at the end of September. But it is the delays and bureaucratic quagmire surrounding the commissioning and construction of Mumbai’s new airport, Navi Mumbai in Maharashtra, which prompts deeper...
Latin America was the only aviation market in the world that maintained profitability throughout the global financial crisis, with a profit result of USD500 million in 2009, according to IATA. This profitability is expected to continue, with a forecast profit of USD1 billion this year, followed by a...
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...
Boeing is on track for another strong year of aircraft deliveries, even though the first delivery of the B787 and B747-8 has been pushed back into 2011 by yet more programme delays. The US manufacturer delivered 124 commercial aircraft in 3Q2010, comprised of 100 B737NGs, three B767s and 21 B777s.
In moves to expand their international route networks, Virgin Blue and Jetstar are looking for new alliances. Virgin is looking to do so to better compete with Qantas.
Kenya Airways (-0.6%) management will seek dialogue with workers over their new demands on a return-to-work formula signed previously, to avoid a planned strike on 13-Oct-2010.
North and South American airline stocks mostly fell on Thursday (07-Oct-2010) as investors await further news on future bookings and capacity management. Stocks were also pushed lower by a decline in wider markets, as investors also wait on new quarterly results and jobs data.
European airline shares were mostly down on Thursday (07-Oct-2010) despite a relatively flat wider market and a 1.9% decline in fuel prices, to USD81.67. Trading in European markets was mixed after the UK reported a record decline in house prices but the US reported an unexpected drop in initial US...
China’s Beijing Capital International Airport (-0.7%) expects to report a 32.6% year-on-year increase in passenger numbers to 1.8 million during the National Day Golden Week, from 01-Oct-2010 to 07-Oct-2010.
AirAsia X has reignited its campaign to gain rights from the Malaysian Government to serve Sydney. A newly delivered A330 – named "Southern Xross" – has been painted with the message: "Liberate Sydney. End the monopoly."
As with their US counterparts, Canadian airlines are seeking government policy changes on taxes, saying that the increased economic output resulting from the elimination of the taxes may even provide more money to government coffers.
Japan Airlines has launched an office tasked with preparing for a relisting of the airline’s stock by the end of 2012. According to a report in the Nikkei morning edition on 6-Oct-2010, JAL aims to “demonstrate its commitment to quickly getting back on its feet” but is yet to conclude negotiations...
As with their US counterparts, Canadian airlines are seeking government policy changes on taxes, saying that the increased economic output resulting from the elimination of the taxes may even provide more money to government coffers.
Boeing Commercial Airplanes VP Middle East and Africa Martin Bentrott stated Boeing has delivered 17 aircraft to Middle East customers so far in 2010. It includes five via leasing companies – through GECAS and Babcock and Brown there were two B77-300ERs to Egyptair and three B737-800s to flydubai –...
Amadeus bought back 10.2% of its shares from private equity firms BC Partners and Civen as well as Iberia, for a total of EUR617 million. Shares fell 2.9% by the close of trading.
Jazz Air Income Fund announced details of the proposed conversion of the fund from an income trust to a corporate structure pursuant to a court-approved arrangement.
