Using the old joke – Why did the bank robber hold-up the bank? Because that’s where the money is – Copa Vice President Commercial and Planning Joe Mohan made a convincing argument that the same applies for trade between Asia and Latin America. Copa’s hub at Panama City, Panama, would be an ideal...
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...
Global alliances continue to grow and expand their networks, as well as the products available to consumers. Star alliance, perhaps the most advanced in terms of IT platform communication, recently made its Round-the–World (RTW) and regional fares bookable online. While these alliance fares, offered...
Southwest Airlines (+1.9%) rose with North and South American airline stocks on Thursday (19-Nov-2010) ahead of the peak Thanksgiving holiday travel season. Southwest gained after its Board of Directors declared its 137th consecutive quarterly dividend of USD0.0045/share to shareholders of record on...
Norwegian Air Shuttle (+10.7%) led the surge in European airlines shares on Thursday (18-Nov-2010) after announcing it has partnered with Star Tour/Fritidsresor/TUI Nordic Finnmatkat to widen the scope of the agreement for the transportation of Star Tour/Fritidsresor/TUI Nordic Finnmatkat customers...
Boeing confirmed (17-Nov-2010) the delivery of its 900th B777 aircraft to the unlisted Ethiopian Airlines. The aircraft is the ultra-long-range B777-200LR Worldliner, and is the first of five 777s the carrier placed on order in 2009. The carrier will use the 777-200LRs on new, non-stop Washington DC...
LCC shares closed mostly higher on Thursday 18-Nov-2010, piggy-backing gains on wider markets as a bullish sentiment returned to markets following positive US employment data, positive inflation-cooling measures in China and anticipation of a bailout plan for Ireland. European LCCs Norwegian and Dart...
Airbus has announced it will seek “full financial compensation” from Rolls-Royce over the failure of a Trent 900 on an A380 and the engine swap-overs needed to remedy the problem. Airbus confirmed that the engine issue is affecting the A380 production line. Shares in EADS, Airbus’ parent, gained...
Australia’s MAp Airports (+0.3%) reported pax traffic had increased across all three airports in Oct-2010. Highlights include:
EVA Airways surged by the 6.9% daily limit to TWD32.70 yesterday while China Airlines shares gained 4.7% to TWD23.30 with Yuanta Securities commenting that recent oil price declines may be beneficial for the company’s margins. Oil prices have fallen 4.8% this week.
The European Commission VP for Transport, Siim Kallas, announced at the end of Oct-2010 that the commission has been forced to withdraw proposals for environment, capacity and cost-efficiency goals for European Air Navigation Service Providers, due to opposition from EU Member States. Workers groups...
Delta Air Lines continues to expand its network adding new city pairs, as well as service on existing routes. Some of the service is seasonal and much of it will only be implemented in 2011, but the roll-out of additional service is impressive.
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 advanced on Friday (19-Nov-2010) after Air Transport Association of America (ATA) stated US airlines reported an 18% year-on-year increase in passenger revenue in Oct-2010, the 10th consecutive monthly increase, including a 12.5% increase in domestic passenger...
Iberia (+4.5%) rose on a day of mostly gains for European airline shares on Friday (19-Nov-2010). The carrier gained on news British Airways (-0.9%) and Iberia’s shareholders will vote on their GBP5 billion merger on 29-Nov-2010. The merger is widely expected to gain shareholder approval, which will...
While the Department of Transportation can rightly congratulate itself for the near elimination of tarmac delays in the US, a follow-on study of the unintended consequences of the five-month-old tarmac delay rule, confirmed earlier analysis that airlines are forced to cancel more flights rather than...
Malaysia Airports Holding Berhad (MAHB) (+0.8%) announced (19-Nov-2010) a proposed offering of Islamic commercial papers and Islamic medium-term notes, persuant to an Islamic commercial paper programme and an Islamic medium term note programme. The combined value is up to USD995 million, with a sub-...
The CAAC has come out with an extraordinary prediction this month: Chinese airlines will nearly double their fleet size to as many as 5,000 aircraft by 2015. In the shadows of a major international air show on home soil, one might expect some bullish sentiment from the hosts. But the comment, by CAAC...
Virgin Blue and Etihad Airways announced plans to expand their alliance to potentially include purchasing, engineering support and aircraft acquisitions as they seek to reduce costs, according to a joint interview with Virgin Blue CEO John Borghetti and Etihad CEO James Hogan in The Australian. Virgin...
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 deliver the major step forward in airspace...
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...
Airline traffic growth in India remained in the double digits in Oct-2010 for two consecutive Octobers of traffic growth with traffic now rebounding to well above pre-recession levels. Growth has averaged above 185% in the year-to-date, due to higher disposable incomes that have driven passenger growth...
Unlisted Safi Airways stated it is negotiating the purchase of a European airline in order to resume services to Frankfurt that were halted when the European Union banned Afghan-registered airlines from operating to the EU from 23-Nov-2010.
It was a mixed day of trading for North and South American airline stocks on Monday (22-Nov-2010) as investors were torn between what is expected to be a strong Thanksgiving travel season for airlines and a rebound in oil prices (+0.3%) to USD81.79. After their largest weekly loss in three months, there...
Skymark Airlines has made more A380 announcements sure to shake up the Japanese market. Its A380s will feature a record-low 394-seats, comprising only business and premium economy classes, and will fly to London.
Boeing has proposed a partnership with Embraer to manufacture fighter aircraft in Brazil and cooperate on as many as 10 other projects. The Brazilian Air Force has issued a tender for 36 new fighters, which Boeing, Saab and Rafale are competing for. Boeing has also reportedly expressed interest in Embraer...
New Zealand's Auckland International Airport (+0.5%) raised USD150 million in long-term bonds paying spreads of 150 to 175 basis points (bps) to refinance bank debt. The offer, to be funded in Feb-2011 and Jul-2011, consisted of three tranches of USD50 million each. Commonwealth Bank of Australia arranged...
Aegean Airlines (+0.3%) made a slight gain in a day of mixed trading for European airlines on Monday (22-Nov-2010), despite reporting a net loss for the first nine months of 2010. The carrier reported a net loss of EUR8.4 million for the period, compared with a profit of EUR37.7 million in the previous...
Shenzhen Airport recently stated it aims to become Mainland China’s fourth largest once its expansion project, which includes construction of Terminal 3 (T3) and its second runway, is completed. Work on the CNY8.5 billion (USD1.3 billion) project is progressing well after commencing in 2009. As of...
