Shares in B/E Aerospace, a leading manufacturer of aircraft cabin interior products and distributor of aerospace fasteners and consumables, surged 5.4% yesterday as investors welcomed the company’s 3Q2010 financial results and outlook.
(Sydney, 27 October 2010) The world’s leading provider of online aviation intelligence and analysis, the Centre for Asia Pacific Aviation (CAPA), has put its thought provoking content to print in a new monthly magazine, Airline Leader. CAPA founder and Executive Chairman, Peter Harbison, said: “...
(Sydney, 27 October 2010) A study on women in the executive ranks of the world’s airlines encourages senior managements to seriously assess their corporate cultures and attitudes towards women in high-level positions. As competition and service standards converge and the industry’s core offering...
Asia Pacific full-service airlines have reported continuing pick-up in passenger travel and cargo demand in 2010 with Association of Asia Pacific Airlines (AAPA) commenting that Sep-2010 traffic results “indicate that market conditions in the region’s international passenger and freight markets...
Republic Airways (+2.5%) rose on Tuesday (26-Oct-2010) ahead of reporting its 3Q2010 financial results on 03-Nov-2010. During trading, Dahlman Rose & Co analysts expected the carrier to report earnings per share (EPS) of USD0.68, compared with USD0.09 in the previous corresponding period.
Wataniya Airways, subsidiary of Kuwait National Airways (0%), announced on Tuesday (26-Oct-2010) its three times weekly service to Turkey will operate to Ataturk International Airport instead of Sabiha Gokcen from 02-Nov-2010.
Cebu Pacific gained in its trading debut in Manila after the carrier completed the nation’s largest IPO in five years. Shares in the carrier opened at PHP132 (USD3.06), a 5.6% premium on its issue price, closing up 6.4% at PHP133.
Air France-KLM (-1.3%) shares fell despite CEO Pierre-Henri Gourgeon announcing the group has upwardly revised its operating result expectations for the 12 months ending 31-Mar-2011, given the revenue performance of recent months, together with the current level of forward bookings.
China Guangzhou Baiyun Airport (-1.3%) shares lost ground on Tuesday (26-Oct-2010). On the same day the airport reported a revenue jump of 20%.
Cebu Pacific gained in its trading debut in Manila after the carrier completed the nation’s largest IPO in five years. Shares in the carrier opened at PHP132 (USD3.06), a 5.6% premium on its issue price, closing up 6.4% at PHP133. The Philippine stock market has risen more than 40% this year, the...
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...
Changi Airport Group (CAG) in its inaugural financial statement since corporatisation, separate from the management of the Civil Aviation Authority of Singapore (CAAS), reports a net profit of SGD227 million on a turnover of SGD961 million in the period Jun-2009 to Mar-2010, a margin of 23.6%. There...
Perennially profitable Allegiant Travel Company, the parent of Las Vegas-based LCC Allegiant Air, reported its second-best 3Q results since 2005 and its 31st consecutive profitable quarter yesterday. It was also the carrier’s eighth quarter in a row with double-digit operating and pre-tax margins.
European carriers are becoming increasingly concerned by the Middle East airline threat on their core international businesses. CEOs from British Airways, Air France and Lufthansa have all voiced their opinions lately, as Middle East airlines continue to expand their global networks. But the European...
Shares in Airbus parent EADS gained 0.7% yesterday. Airbus CEO Tom Enders stated it has revised its expected orders from 300 to 400 for the year.
Air Arabia (-1%) CEO Adel Ali stated he expects the airline to grow by 7% to 8% in the UAE over the next two years, and growth of 30% at its new hubs in Egypt and Morocco. Mr Ali stated the airline’s aim to operate multiple hubs is to connect the Middle East region in one service, through one airline...
Lufthansa was one of the day’s biggest gainers on Wednesday (27-Oct-2010) after the group announced it registered a 24.9% year-on-year increase in revenue to EUR20,200 million and an improvement in operating profit of EUR612 million in the nine months ended 30-Sep-2010.
Allegiant (-0.2%) slipped on Wednesday (27-Oct-2010) as net profit for the company declined 4.5% to USD13.2 million for the three months ended 30-Sep-2010. However, the result was Allegiant’s 31st consecutive profitable quarter and eighth in a row with double-digit operating and pre-tax margins.
Oman’s Government announced it has awarded an OMR706 million (USD1.8 billion) contract for the construction of a new terminal at Muscat International Airport, to a joint venture between US-based Bechtel and Oman's Bahwan Contracting. The government stated the project will be completed in 3Q2014 and...
Ryanair announced the commencement of its first Estonian services in Dec-2010 as its drive north-eastwards continues.
Mexico’s Grupo Aeroportuario del Pacífico (GAP) shares rose slightly by 0.1% on Wednesday (27-Oct-2010). On the same day the airport operator reported the following preliminary financial highlights for the three months ended 30-Sep-2010 (according to Mexican Financial Reporting Standards):
Montenegro Airlines and the Government of Montenegro announced the selection of a consortium of financial institutions to advise it on the sale of 30% of the government’s stake. The Government had announced plans to sell a 30% stake in the airline in Sep-2010, with the tender process open until mid...
Shares in Korean Air closed 2.1% weaker yesterday after rising as much as 0.6% in a day when the major Asia Pacific listed carriers recorded share price reductions.
20 new A380s are due to be delivered by Airbus this year, almost doubling the global A380 fleet. The next airlines due to join the family of carriers operating the aircraft are Korean Air and China Southern. While China Southern has remained quiet on its seating plans for the aircraft, Korean Air is...
Europe’s two largest LCCs, Ryanair and easyJet, have recently drawn attention to slowing growth in the European market. easyJet founder and largest shareholder Sir Stelios Haji-Ioannou has urged the airline's management to rein-in expansion to match the environment, while Michael O’Leary has said...
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...
The Finnish government will be relieved that its 56% stake in Finnair is in better shape as the flag carrier has finally recorded a solid EUR42 million profit for the Sep-2010 quarter, after 7 successive loss making quarters. This compared with a loss of EUR33 million for the 2009 period and follows...
Both British Airways and soon-to-be merger partner Iberia recorded strong results in the period to 30-Sep-2010, as yields on long haul returned and load factors improved. This makes the prospects for the post-merger operation a lot better than previously. The two will merge on 21-Jan-2011 and trade...
China’s fragmented airline industry is undergoing a shakeup. Merger and acquisition activity is intense – probably more so than any other aviation market in the world. In the space of a few short years, the majority of China’s second tier airlines have, at least partially, become owned or controlled...
Southwest Airlines was flat for Thursday (28-Oct-2010). Executive Vice President Bob Jordan stated during trading that the carrier plans to grow AirTran’s Atlanta hub with additional services to 20 or more cities that AirTran doesn’t fly to in a bid to increase its market share at the airport.
