Qatar Airways’ CEO Akbar Al Baker announced on 20-Dec-2010 that Qatar Airways is on track to declare “a very hefty profit” this year, clearing the way for an IPO. The CEO stated he is "pretty confident" the carrier will launch an IPO in early 2012, after achieving three consecutive years of profitability...
India's Mumbai International Airport Ltd (MIAPL) bank loan facilities have been upgraded by Fitch Ratings to a "positive" outlook due to the company's strong financial performance.
For the fourth time in three years air transport in northern Europe, and especially the UK, has been hard hit by severe winter weather, which has dumped heavy snow across the continent. As has happened previously, there have been mass flight cancellations and the travel plans of hundreds of thousands...
Philippine Airlines and its ground crew are “closer” to an agreement that would end a labour dispute according to President Benigno Aquino. Mr Aquino stated he is “in dialogue” with the airline and its staff. PAL Holdings shares soared 19% yesterday.
EMIRATES AIRLINE HAS ANNOUNCED PLANS TO BUY European aircraft manufacturer Airbus. A spokesman for the Gulf carrier, which boasts a massive order book with Airbus of more than 90 A380s and 70 A350s, said: “We believe this will be a sound move for all concerned."
US airlines made more than half of their third quarter profits from baggage and change/cancellation fees, according to data just released by the Department of Transportation’s Bureau of Transportation Statistics.
European airlines are generally seeing signs of yield improvements, with UK and continental Europe carriers noting some improvements in their respective yield situation and also stabilising in the Nordic market.
The spectacular rebound in global air freight demand of 2009/10 has recently slowed to a canter, raising some concerns that 2011 could be marred by excess capacity and yield pressures as demand softens. The recovery has been broad-based, though Asia - especially China - has been the powerhouse performer...
Cathay Pacific earlier this month unveiled its new Business flat-bed seats, to be introduced to the carrier’s fleet of 50 long-haul aircraft from Mar-2011. The upgrade coincides with a recovery in premium traffic demand and is part of efforts by the Hong Kong-based carrier to play to its strengths...
After delivering on all its promises from its 2007 strategic plan and doubling its goal of increasing revenues by USD1 billion, Southwest promised more of the same for its next five years and, judging from its stats, it has no doubts its goals are achievable.
Air France-KLM (+1.2%) rose with the majority of European airline shares on Wednesday (22-Dec-2010) after KLM and Malaysia Airlines announced they have signed an MoU to investigate closer links. The carriers plan to further strengthen their relationship which has been in place over the past 11 years...
Shares in Brazilian LCC, GOL, fell 2.5% yesterday to a three-month low on a general strike threat by airline workers on 23-Dec-2010 over pay issues.
TAM (-3.3%) and GOL (-2.5%) slumped on Wednesday (22-Dec-2010) leading the decline in North and South American airline stocks for the day. The Brazilian carriers were down after the country’s pilots, flight attendants and ground personnel announced plans to strike on 23-Dec-2010.
flydubai has taken delivery of 13 of the 50 B737-800s it has on order adding that it would receive the remaining aircraft by the end of 2016 as part of its commitment to increase the fleet and expand its route network.
Beijing Capital International Airport (+1%) reported (22-Dec-2010) the following traffic highlights:
China has again upgraded its air passenger growth forecast for 2010, reflecting a better-than-expected recovery in international markets and sustained growth domestically. The CAAC is now predicting a 17.4% increase in total traffic in 2010 to 270 million passengers. IATA, meanwhile, forecasts worldwide...
The CAAC this quarter confirmed it would continue the suspension on accepting new airline applications, including the establishment of subsidiary airlines, in a bid to ease competitive pressures and improve air transport safety requirements. The CAAC will also stop receiving applications for airlines...
Shares in China Southern, Malaysia Airlines and China Eastern all gained by over 5% yesterday.
AirAsia X and Jetstar are looking to compete head-to-head in their low-cost long-haul expansion plans from the Asia Pacific region, with both carriers announcing plans to launch new routes. Over recent weeks, AirAsia X has been busy announcing new long-haul routes to Europe and the South Pacific, while...
It was Cebu Pacific’s turn to surge on the stock market yesterday, following hefty gains by rival Philippine Airlines earlier in the week, as the aviation landscape in the country shifts.
US airline shares were sold off yesterday, led by United Continental Holdings (-4.1%) and US Airways (-4.0%). United reversed the previous day’s gain following its release on Wednesday of a 9.75% to 10.75% increase in fourth quarter RASM.
Boeing has resumed flight tests on its B787 programme after the fleet was grounded last month following an inflight power-failure.
Shares in Scandinavian carrier SAS soared 14% yesterday – the stock’s biggest one day gain in eight months – on speculation reported by Bloomberg that Lufthansa is preparing to announce acquisition plans for the airline as early as 1H2011.
Auckland Airport today reported a 3.8% increase in international passenger numbers in Nov-2010, which was “driven by strong Asian growth”. Domestic numbers rose 1.5%.
As the international airline industry evolves from a heavily protected, government-run activity into a commercial hybrid, individual airlines are confronted by massive challenges, each of them unique to the company concerned. At the same time, the industry overall remains constantly at risk from any...
EMIRATES AIRLINE HAS ANNOUNCED PLANS TO BUY European aircraft manufacturer Airbus. A spokesman for the Gulf carrier, which boasts a massive order book with Airbus of more than 90 A380s and 70 A350s, said: “We believe this will be a sound move for all concerned."
Malaysia Airlines’ (MAS) shares jumped 5.4% yesterday as the carrier announced it is exploring closer links with KLM, including cooperation in scheduling and cost reduction.
The spectacular rebound in global air freight demand of 2009/10 has recently slowed to a canter, raising some concerns that 2011 could be marred by excess capacity and yield pressures as demand softens. The recovery has been broad-based, though Asia - especially China - has been the powerhouse performer...
Three members of oneworld – British Airways, American Airlines and Iberia – continued their schedule integration this week by adding an additional 317 routes they will codeshare. Primarily affected by the announcement are the carriers’ trans-Atlantic routes, which will now carry the codes of all...
Virgin Blue’s new CEO talks about his Virtual Network strategy, attracting the corporate market and the powerful brand he inherited.
