Ryanair announced plans to close its only French base at Marseille Airport from 11-Jan-2011. The move follows the commencement of legal proceedings against it related to payment terms for the 200 pilots and cabin crew who work at the airport.
European airline shares soared on Wednesday (13-Oct-2010) as wider markets reaching a three-month closing high. Markets rose on strong quarterly results from US businesses and expectations the US Federal Reserve is planning to introduce new economic stimulus.
China’s Beijing Capital International Airport (+1.2%) reported a passenger traffic increase of 19% in Sep-2010:
Shares in China Southern Airlines rose the most in more than a year (since May-2009) in Hong Kong trading as a strengthening yuan pared the repatriated value of dollar-denominated debts.
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...
North and South American airline stocks slid lower on Thursday (14-Oct-2010) after the Dow ended trading flat. Markets were down on concerns over banks’ foreclosure practices
Air Arabia Maroc, subsidiary of Air Arabia (-1.8%), announced the launch of three-times weekly Alexandria service, the LCC's 12th destination from from its Casablanca base. From 31-Oct-2010, the airline will increase frequency to four times weekly
Embraer shares dropped 3.1%, following the announcement that it delivered 44 aircraft in 3Q2010, 23% down on the same period last year and well under analyst forecasts. The share price decline comes on top of a 4.2% retreat yesterday.
European airline shares were down on Thursday (14-Oct-2010) as wider markets declined, despite opening trading higher. Markets were weighed down by declines in the banking sector due to capital concerns.
Austria’s Vienna Airport (+0.9%) shares gained slightly on Thursday (14-Oct-2010). On the same day the airport reported a passenger traffic increase of 13.8% in Sep-2010:
Hong Kong Airlines confirmed an order for 15 A350 XWBs and ten A330-200s, firming up a deal struck at this year's Farnborough Air Show. The A350 order represents an=other big win for Airbus’ new widebody twin in Hong Kong, following on from Cathay Pacific's Sep-2010 announcement.
The pre-recession rebound in international air traffic is now entering a slower phase of growth after the strong post-recession rebound in 1H2009 and 1Q2010 with premium traffic remaining well off pre-recession levels. Growth in business travel continues to outpace that of economy class, although economy...
AirAsia CEO Tony Fernandes yesterday confirmed the group’s Board of Directors would decide in Jan-2011 on how much of a dividend it would pay shareholders. He separately commented that the carrier expects to post a strong result in 3Q2010, while 4Q2010 will provide its strongest quarterly results...
Shares in ANA rose 2.1% yesterday with the carrier’s stock gaining 18% so far in 2010, compared with a 9% slump for the Nikkei 225 Stock Average.
Kingfisher Airlines has had an eventful past month: a new CEO, debt restructuring and rumours of new investors. This in conjunction with ongoing efforts to reduce costs and maintain market presence as the nation’s LCCs grow in force domestically and, increasingly, internationally.
The Civil Aviation Authority of Singapore (CAAS) announced Singapore Air Traffic Control Centre (SATCC) is to receive a SGD300 million (USD229.6 million) systems upgrade, to allow the centre to manage the country’s increasing air traffic volume. The upgrade includes the installation of Thales’ LORADS...
UAE's Ambassador to Canada Mohammed Abdullah al-Ghafli on 10-Oct-2010 expressed disappointment at Canada’s refusal to grant additional landing rights to UAE carriers adding that the decision would affect relations between the countries.The dispute escalated, as the UAE government imposed landing restrictions...
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...
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...
AirAsia X’s new daily service to Seoul Incheon will launch in under two weeks away - and it is already rating as one of the carrier's strongest route launches. CEO, Asran Osman-Rani, speaking exclusively to CAPA, stated Seoul is one of AirAsia X’s Top 3 routes in terms of booked load factor for...
Sympathy strikes by air traffic controllers are proving to be one of the banes of European ATC operations this year.
Royal Jordanian (-0.6%) announced plans to launch Aqaba-Moscow Domodedovo service in Nov-2010.
Thai aviation is running hot again despite the affects of social and political disruptions and likely to report one of its best years in 2010 on the back of regional economic improvement and growing tourism.
US LCC stocks were mixed on Monday with AirTran and Allegiant both weakening marginally (-0.1%) while Southwest (+0.5%), JetBlue (+0.6%) and WestJet (+1.3%) gained ahead of the release of third quarter financial results this week.
The much-anticipated decision by Airbus on whether it will proceed with fitting new engines to the A320 has been delayed until the end of the year. With the company still sorting out A380 production issues and in full-swing developing the A350 XWB, the question of engineering resources has forced Airbus...
US Airways (+4.3%) made the highest gain of the day after Thomson Reuters reported analysts on average expect the carrier to report a profit of USD1.16 per share on USD3.2 billion in revenue. The carrier also expects profits for the full year.
Lufthansa (+3.5%) made a strong gain on Monday (18-Oct-2010) after Citigroup stated underlying 3Q2010 results for European carriers may quadruple, while net income may increase fivefold. WestLB also raised its price target for the carrier’s shares from EUR14.60 to EUR16.80, keeping it at an "add"...
The CEO of Norwegian long-haul LCC Feel Air, Kai Holmberg, has stated the carrier is still waiting for the right financial climate to launch Stockholm-Bangkok and Stockholm-New York JFK services but he is “encouraged” by the success of AirAsia X. Eventually, the carrier will launch operations with...
Embraer delivered just 44 aircraft in 3Q2010, a drop of 13 compared with the same period last year. The Brazilian manufacturer is in a difficult period, faced with uncertainty over the future of its product line and its manufacturing joint venture in China.
Aéroports de Paris (-2.1%) shares lost ground on Monday (18-Oct-2010) despite reporting a passenger traffic increase of 5.2% in Sep-2010:
