gategroup has signed a four-year agreement for its core Gate Gourmet brand with Spanish carrier, Iberia, in a contract valued in excess of CHF400 million.
Abu Dhabi Airports Company (ADAC) reports that Abu Dhabi International Airport (ADIA) handled almost 11 million passengers in 2010, a 12.2% year-on-year increase. Aircraft movements rose 10% to 112,000 aircraft, while cargo volume surged by 16% to 438,000 tonnes.
Singapore Airlines (SIA) is raising its fuel surcharges, citing the "recent sharp and sustained escalation in the price of jet fuel". Several rivals are expected to follow SIA's lead in the Asia Pacific region, where strong demand growth provides the basis for such a move. Weaker demand and intense...
US airlines reported improved demand, yields and load factors in Dec-2010 and throughout FY2010, driven by an improving demand and economic environment and airlines’ careful capacity management strategies. In 2011, continued positive trends in passenger yields and unit revenues are expected to continue...
In an interesting conflict, American and United have filed suit against the City of Chicago in an attempt to halt the sale of bonds to finance the second phase of O’Hare’s expansion.
Air Arabia stated its passenger traffic is expected to rise by up to 15% p/a over the next four years, according to a Reuters report. The airline plans to add eight more routes by the end of 2011, for a total of 75.
ST Aerospace stated it is "disappointed" by the Federal Aviation Administration's (FAA) civil penalty proposal of USD1.025 million against ST Aerospace's US facility, ST Aerospace San Antonio. The company noted it "takes our safety obligations seriously and has in fact addressed the issues raised by...
Air traffic control remains one of the least reformed sectors of aviation worldwide. A natural monopoly (even the most committed pro-marketeer would hesitate to propose individual aircraft receiving competing ATC instructions), national airspace is also regarded as a key strategic asset by virtually...
US airline stocks enjoyed solid gains on Monday following a sell-off last week. Republic and Delta gained the most (+4.3% and 4.2%, respectively), while US Airways erased some of Friday's losses.
Shares in International Consolidated Airline Group SA (IAG) the new company controlling British Airways and Iberia began trading yesterday in Europe. The shares opened at GBP2.82 in London and EUR3.25 in Spain and closed up 0.9%.
Virgin Atlantic Airways founder Sir Richard Branson in Jan-2011 stated the carrier plans to join a global alliance with an agreement expected within 12 months in order to survive in the face of "mega alliances" and the rapid pace of consolidation among competitors. The increased consolidation activity...
Even as American Airlines continues its battle against global distribution systems (GDS) and online travel agents (OTAs), US Airways seems to have answered a big question: what other airlines plan to do on the issue. Delta has terminated 12 OTAs, said CEO Richard Anderson last week.
Tourism and leisure stocks fell heavily in Thailand yesterday as the benchmark SET slumped 4.3% - its biggest single-day fall in 15 months - on concerns that an anti-government protest on Sunday could trigger fresh political instability.
Shares in airport duty free operator retailer, Dufry, dropped 0.8% yesterday. The company operates two stores at Moscow Domodedovo International Airport, the scene of a suspected terrorist attack yesterday.
AirAsia's shares slumped 4.1% yesterday, reflecting foreign selling of the stock, according to analysts cited by Bloomberg.
Rating agency Moody’s Investors Service stated Air New Zealand's move to buy into Virgin Blue "increases competition for Qantas, as it brings Virgin Blue’s range of offerings closer to that of Qantas for international travel and will require Qantas to reduce prices to keep load factors at acceptable...
After what sems like an eternity, the opening of Berlin Brandenburg International Airport (BBI) is at last in sight. The airport, built around the existing Schoenefeld Airport, is scheduled to open in Jun-2012 (originally Nov-2011, then Oct-2012) and will effectively replace Schoenefeld, which has been...
Jetscape Aviation Group has announced the completion of the merger and restructuring transaction with M1 Commercial Jets (M1CJ). M1CJ was previously owned by M1 Leasing, a subsidiary of the private investment holding - M1 Group (M1).
With its reorgansation plan approved by the US Bankruptcy Court, Mesa Air Group is planning to emerge from its year-long bankruptcy in February much leaner flying only 76 70 to 86-seat aircraft. It also emerges with only two clients – US Airways and United – after Mesa’s Freedom Airlines and Delta...
Alaska Air shares went against the trend on Tuesday, rising 0.6%, as it reported a earnings of USD1.28 per share in 4Q2010 - well ahead of market consensus of USD1.02.
Boeing's shares closed 0.7% lower yesterday ahead of Wednesday's fourth quarter and full-year profit reports.
Europe's fastest growing airline, Turkish Airlines, has announced plans to launch services to 11 new destinations in 2011.
The multi-billion-euro merger between British Airways and Iberia was completed on 24-Jan-2011 upon the listing of the shares in the International Airlines Group (IAG). The merger creates Europe’s third largest airline after Lufthansa and the world’s sixth largest carrier after Delta Air Lines, Lufthansa...
French media group Lagardere, whose businesses include airport retail, book and magazine publishing and sports-rights management, has raised its 2010 operating profit expectation, citing a better-than-expected recovery in advertising markets.
Fraport's shares gained 2.2% yesterday as the company's executive board stated it would recommend to the supervisory board that the 2010 dividend be raised from EUR1.15 to EUR1.25 for the annual general meeting (AGM) on 01-Jun-2011.
Virgin Blue's shares fell 2.3% yesterday to AUD0.415, having dropped as much as 5% in early trade, after the carrier revealed first half profit could fall more than 50% year-on-year, due to a slowdown in consumer spending, the Sep-2010 booking system meltdown and fuel hedging losses.
Each of the 2010 ICAO Assembly Resolution and Cancún Agreements were incomplete and fragmented. ICAO’s Resolution A37-19 is also fragile, with qualifications in the language used in several clauses, as well as in the form of reservations placed by 44 European States and, for differing reasons, by...
The geographic and demographic realities of Australia dictate that the majority of the country’s aviation activity is concentrated on the three major centres: Sydney, Melbourne and Brisbane. The domestic route network between them has also experienced strong growth. But among these major gateways,...
The past decade has revealed a shift in the balance of power as emerging markets rapidly catch up with established regions in terms of size, according to OAG. The mainstay of the decade’s expansion has been the development of LCCs fragmenting the hub system, as well as the Middle Eastern hub carriers...
In an announcement that disappointed both parties, Aegean Airlines and Marfin Investment Group (Olympic Air), the European Commission denied their request to merge.
