China International Aviation & Aerospace Exhibition (Airshow China) was held on 16/21-Nov-2010 in Zhuhai and showcased the rise of China’s civil aircraft manufacturer and also the growing importance of the Chinese civil aviation industry to international manufacturers and suppliers. A breakthrough...
CAAC stated the nation’s aviation industry reported a USD740.8 million profit in Oct-2010 alone, a two fold increase from Oct-2009 levels, with airlines contributing USD644.4 million to the result, representing a massive 308% year-on-year increase. Airports reported a profit of USD51.2 million in...
Air travel demand in India continued to grow in Oct-2010, with passenger numbers increasing 15% year-on-year to 4.6 million.
Estonian Air’s Chairman, Joakim Helenius, has indicated the carrier plans to develop a new route plan using Vilnius (Lithuania) and airports in Poland as layover points for services into western Europe. The carrier has already trialled Tallinn-Vilnius-Amsterdam services, achieving average load factors...
Worldwide seat capacity has increased 6% to 301.6 million seats and frequency increased 4% to 2.4 million flights during Nov-2010 according to OAG’s Nov-2010 Schedules Database. The growth in the month means that there are an additional 16.2 million seats in Nov-2010 with an additional 100,595 flights...
After decades of existing as a footnote in global commercial aviation, the airlines of Latin America are making big waves and consolidating at unprecedented rates.
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...
SkyWest Inc’s operating revenues rose to USD686.9 million in the third quarter, up nearly US49.1 million but net income declined USD3 million to USD25.5 million as it agreed on new rates for its Delta Connection flying mostly at subsidiary Atlantic Southeast Airlines which cost the company nearly...
Jazeera Airways (-3.6%) announced (23-Nov-2010 plans to launch Kuwait-Sohaj service on 01-Dec-2010. It will be the carrier's fifth route to Egypt after Sharm El Sheikh, Alexandria, Luxor and Assiut.
North and South American airline stocks plummeted on Tuesday (23-Nov-2010) with wider markets, as investors expressed concern over the North Korean shelling of South Korea and economic issues in Europe. The Dow ended the session 1.3% lower.
Zodiac Aerospace reported a 2.5% decrease in revenue and a 14.2% drop in net earnings for the 12 months to 31-Aug-2010. The company’s shares dropped 4.1% yesterday. Zodiac’s outlook for 2011 is for revenue growth in the region of 15% in 2010/2011, excluding new acquisitions.
Not one publicly listed LCC posted a gain on Tuesday 23-Nov-2010. A nightmarish combination of unexpected geopolitical conflict on the Korean peninsula, contagion fears in the EU and Chinese rate hikes dragged down markets as investors shied away from riskier assets, such as airline stocks.
European airline shares declined with all major markets globally on Tuesday (23-Nov-2010), as European markets plummeted to a three-week low on concerns about Ireland’s economic and political uncertainty and political tension between North and South Korea.
Singapore’s Changi Airport Group is reportedly interested in increasing its stake in Gemina SpA, the group which controls Aeroporti di Roma (ADR).
Asian stocks slumped yesterday, on concerns related to the euro zone debt crisis, artillery fire near the border between North and South Korea and expectations that China will take further steps to rein in inflation. The speculation that the government would intensity efforts to tame inflation resulted...
Several years of profitability and a sustainable business model, in addition to its best adjusted quarterly profit in history, prompted Alaska Airlines to say it’s ready to grow.
The North American airline industry suffered through a painful decade, starting with the tech wreck and 9-11 and culminating in the GFC. Smaller and leaner, airlines in North America have made a comeback in 2010. Yields are up, profits are back and staff numbers are starting to climb again. The deep...
Thai Airways has had a number of challenges in its plans to establish new LCC start-up, Thai Tiger Airways, under a JV with Singapore’s Tiger Airways. In its latest set back, the carrier has been forced to postpone the launch date of the LCC from Mar-2011 to late May-2011. However, the setbacks have...
While 2009 was a hot year for the Latin American market, 2010 has followed suit with more acquisitions, partnerships and mergers as airline holding companies and alliances jockey for position to become the 900-pound gorillas on the continent. It is unlikely the pace will stop any time soon. Watch for...
Malaysia Airlines (MAS) has announced plans to step up the battle with AirAsia in the Malaysian market through its wholly owned subsidiary Firefly which is altering its network and fleet and lowering its unit costs to become a more serious contender in the LCC market.
Air Arabia Maroc, subsidiary of Air Arabia (-0.5%), announced (24-Nov-2010) plans to launch three times weekly Casablanca-Tunis service on 16-Dec-2010.
North and South American airline stocks all advanced on Wednesday (24-Nov-2010) as the peak Thanksgiving holiday travel period commenced. The day is traditionally the busiest of the year for the travel industry. Stocks were also up on a rebound in wider markets, with the Dow (+1.4%) and Latin American...
LCC shares mostly strengthened on Wednesday 24-Nov-2010, following the strong rebound across major financial markets.
Iberia (+3.6%) and British Airways (+3.6%) rose with the majority of European carriers on Wednesday (24-Nov-2010) after BA CEO Willie Walsh stated he is seeking ways to offer more services in Japan adding that he expects a “better economic environment” for airlines in 2011.
Airports of Thailand (+3.4%) shares gained the most on Wedneday (24-Nov-2010). On the same day AoT announced passengers travelling on low-cost carriers between Jan-Sep-2010 increased 38.5% year-on-year to 14 million, while LCC aircraft movements increased 25% to 108,123.
Shares in Thai Airways gained 8.8% yesterday to THB49.5, reaching the highest level since Nov-2006. The carrier announced plans to order 37 new aircraft to replace ageing equipment and to support planned network expansion.
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...
IT WAS INTERNATIONAL WOMEN’S DAY on the 8th of March, 2010, and the Indian Ministry of Civil Aviation proudly “acknowledged” flag carrier Air India’s historic flight between Mumbai and New York JFK. It was unique that day in that flight AI-141 operated with an all-female flight crew on the B777...
Gulf Air has joined the ranks of carriers that include China Eastern Airlines, Japan Airlines, Air Nigeria and Air India to have received significant government-backed support this year to assist comprehensive turnaround plans. At the end of Oct-2010, the Bahrain Government - which controls the carrier...
The year-long battle between American Airlines and the global distribution systems (GDSs) is clearly heating up, given the threat by American to pull its content from Orbitz on 01-Dec-2010, short circuiting a contract that still has three years to run, but may have reached its amendable date.
