Airbus has gained a foothold in a key market with its key aircraft. In Japan, where Boeing has long enjoyed a near-monopoly, Skymark Airlines yesterday announced a "basic agreement" with Airbus for four A380s with options for two more. The LCC stated it plans to firm up contract in the "spring of next...
Jazeera Airways Group shares gained 9.6% on Monday (08-Nov-2010), posting the largest gain on the KSE Market Index that day despite the market declining for the second consecutive day. On the same day, the carrier reported the following financial highlights for the three months ended 30-Sep-2010:
Shares in Air France-KLM and airberlin both gained 0.8% as the carriers revealed healthy traffic results for Oct-2010.
Republic Airways Holdings (-13.9%) slumped on Monday (08-Nov-2010) after the carrier announced it intends to offer 12 million shares of its common stock in an underwritten public offering. In addition, the company intends to grant the underwriters a 30-day option to purchase up to an additional 15%...
After a rough couple of days related to the Qantas A380 incident and the failure of a Trent 900 engine, Rolls-Royce’s share price recovered 2.4% yesterday. Qantas intends to keep its fleet of Rolls-Royce powered A380s grounded until mid-week, but Rolls-Royce has confirmed it has made progress on discovering...
© Centre for Asia Pacific Aviation.Air India is considering plans to rebrand Air India Express and Alliance Air as "India Express" as part of restructuring efforts that will also see Air India Express relocate its base from Mumbai and launch domestic routes. Air India COO Gustav Baldauf confirmed: “...
Skymark Airlines stated it plans to purchase four A380s with two options to become the first Japanese customer for the aircraft signing an agreement in principle with Airbus. Skymark plans to introduce the aircraft in the fiscal year commencing Apr-2014 and will sign a purchase agreement next spring...
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...
© Centre for Asia Pacific Aviation. While its third quarter was profitable, Republic Airways Holdings is operating at a loss for the nine months ending 30-Sept-2010 on significant percentage drops in its bread-and-butter, fixed-fee business. Frontier, however, is experiencing unprecedented gains.
© Centre for Asia Pacific Aviation. While it is continuing to gain rave reviews from travel bloggers, Virgin America earned its first quarterly profit in the 3Q2010 at USD7.5 million, a 225.9% positive swing from the USD5.9 million loss in the 2009 third quarter. At the same time, it reported a record...
Jazeera Airways shares rose by 8.8% on Tuesday (09-Nov-2010), the highest intra-day level since Jun-2010, after it reported an almost sixfold jump in third-quarter net profit.
© Centre for Asia Pacific Aviation. Shares in Japanese LCC Skymark Airlines plummeted by the daily limit of JPY150 or 15% to JPY793 – marking its steepest drop since Mar-2005. The company stated it plans to acquire four A380s plus two options for use on international services.
© Centre for Asia Pacific Aviation. Lufthansa (-1.8%) declined on Tuesday (09-Nov-2001) despite reporting a 6.4% year-on-year increase in sales over Oct-2010, with all traffic regions contributing to the strong sales growth. Load factor for the month rose 0.6 ppts, to 81.3%, with all subsidiaries reporting...
© Centre for Asia Pacific Aviation. Jazz Air Income Fund stock nosedived on Tuesday (09-Nov-2010) on concerns its proposed dividend is not sustainable and expectations of a weaker 2011, following comments from management. A number of analysts cut their forecasts for Jazz as a result.
Menzies and Air Partner recorded strong gains, both up more than 7%. GKN Aerospace gained 3%, with the company recently posting a GBP88 million 3Q2011 profit and maintaining its upbeat outlook for 2010 and 2011. Aerospace sales remain down at the company, slipping 4% in the last quarter, although business...
Mexico’s OMA (-1.2%) reports pax traffic up 0.6% - traffic highlights in Oct-2010:
Shares in Hainan Airlines gained by the maximum 10% to CNY10.23 yesterday on a day that saw a number of Hainan companies buck a downward slide.
© Centre for Asia Pacific Aviation. Singapore Airlines, upon the release of its 2QFY2011 financial results, stated it expects yields to remain steady. The carrier added that advance bookings for the coming months indicate that demand is holding up meaning demand would support an increase of 5% in passenger...
© Centre for Asia Pacific Aviation. Iberia and its part-owned subsidiary Vueling have released financial results for the quarter to the end of Sep-2010 (3Q2010). Iberia has succeeded in turning a EUR56 million operating loss in the previous corresponding period (pcp) into a EUR77 million profit and...
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...
© Centre for Asia Pacific Aviation. After Pinnacle Airlines Holdings executives promised its acquisition of Mesaba would be immediately accretive, they were proved right as the new subsidiary generated USD3.1 million in the third quarter and EBITDA of USD4.4 million, consistent with expectations and...
© Centre for Asia Pacific Aviation. In line with movements on key global markets, LCC shares ended mostly lower on Wednesday 10-Nov-2010. Mounting concerns over sovereign-debt issues in the EU and possible further policy tightening in China dragged down major indices in Europe and Asia.
Air Arabia revenue was up 4% on the following financial highlights for the three months ended 30-Sep-2010:
A fire onboard a B787 test aircraft has forced Boeing to temporarily suspend test flights while it determines the cause of the problem. Boeing confirmed it does not know how long the suspension will remain in place and has not determined the impact on the aircraft’s delivery schedule. Boeing is still...
© Centre for Asia Pacific Aviation. SAS (-7.5%) led European airline stocks lower on Wednesday (10-Nov-2010) after reporting a net loss of EUR113.3 million for the three months ended 30-Sep-2010, compared with a profit of EUR16.4 million in the previous corresponding period. The result was on a 3.5...
© Centre for Asia Pacific Aviation. ExpressJet Holdings (+0.1%) made only a minor gain on Wednesday (10-Oct-2010) as North and South American airline stocks ended trading mostly down. Late in trading, the carrier announced its stockholders have voted to adopt and approve the merger agreement between...
© Centre for Asia Pacific Aviation. Ryanair has been cancelling or suspending services at a wide range of airports across Europe, including in countries where it is growing. Is there any discernible strategy here or is it no more than coincidence, as a result of too many disagreements with airports...
France’s Aeroports de Paris (-0.3%) revenue up 4% - revenue highlights for the three months ended 30-Sep-2010:
© Centre for Asia Pacific Aviation. AirAsia’s share price was down yesterday after RHB Research Institute downgraded its financial year 2010-2012 net profit forecasts to reflect lower yields on a full-scale price war.
© Centre for Asia Pacific Aviation. Ryanair recently held up the US air traffic management system as something that Europe should be emulating to help fix the problems with its fractured and expensive ATM system. Yet, the US system has a long way to go before it manages to solve its own problems and...
