Shares in online travel agency and booking company Expedia gained 2.7% at the close of trading yesterday. The company is due to report its results on 10-Feb-2010, with a Thompson Reuters survey of analysts projecting a 21% increase in per share earnings.
South Africa's Lanseria International Airport’s newly published five-year plan calls for expansion including the extension of its runway to accommodate A300s and B767s and the construction of a new passenger terminal and hotel. The LCC 1Time will soon join rival kulula.com there, ending kulula’s...
The US Bureau of Transportation Statistics has released Q3 2010 data on average airfares on domestic segments. In the release, there was an interesting 15-year chronicle of the domestic industry’s history.
Shares in UK aerospace and engineering company GKN Aerospace closed 5.6% higher yesterday. The company’s electronics and components are used on Northrop Grumman’s new unmanned combat aerial vehicle, which held its maiden test flight yesterday. Shares in the company are recovering, after falling...
European airports had a reasonably positive year in 2010, generating a 4.2% increase in passenger throughput, despite bouts of extreme weather, labour unrest, passenger taxation in some markets and lingering economic problems in many parts of the continent. Freight traffic recovered by 18.7% last year...
In its first earnings report since its corporate conversion to Chorus Aviation - formerly Jazz Air Income Fund - posted a 35.78% increase in year-end net income bringing in CAD125.8 million. However, ex special items related to its corporate conversion, the company’s net was CAD55 million.
South African Airways (SAA) has announced plans to expand and enhance its network, including the launch of daily northbound non-stop flight on the Johannesburg-New York sector, effective 01-May-2011. It presently operates via Dakar. SAA is currently finalising all outstanding operational details for...
Norwegian Air Shuttle reported a 17% surge in passenger numbers in Jan-2011, though yield fell 8% to EUR 5.60 cents and revenue per ASK fell 6% EUR 4.10 cents.
US airline shares continued to rally on Tuesday, led higher by Delta (+2.7%) and Allegiant (+2.6%), as oil prices fell again.
Air France-KLM reported a 4.8% increase in passenger traffic (RPKs) in Jan-2011 and a 1.1 ppts gain in load factor, although the figures were enhanced by favourable comparisons to Jan-2010, which was disrupted by snowfall and a two-day strike by air traffic controllers in France.
Germany’s Munich Airport reported a solid 6.2% increase in passenger numbers in 2010 to 34.7 million, driven by an 8.1% increase in international traffic to 25.3 million. Aircraft movements eased 1.7% to 389,939, while air cargo volume surged 26.4% to 289,535 tonnes.
China's CAAC reports a 6% increase in Spring Festival passenger numbers to 5.07 million. China's airlines reported an average load factor of 72% during the period, up 2 ppts year-on-year.
International air charter specialist, Air Partner, has arranged several repatriation flights for travellers and expatriate employees leaving Egypt. On 03-Feb-2011, the company arranged the UK government’s B757 charter which transported some 200 Britons from Cairo to London Gatwick.
Kenya Airways has taken delivery of its first E190 Advanced Range (AR) aircraft, from Jetscape, as part of a continuing programme to enlarge and modernise its fleet. The aircraft is powered by General Electric CF34 engines and joins a fleet of five E170s in operation. The carrier has one more Embraer...
The explosion of a Trent 900 engine on a Qantas A380 late last year is expected to affect Roll-Royce upcoming results announcement, with analyst estimates putting the compensation bill at GBP50 million or higher. The failure forced Qantas to ground its A380 fleet temporarily and left Airbus scrabbling...
WestJet was the stand-out airline stock yesterday, as it unveiled a stellar fourth quarter net profit of CAD47.9 million, up 217% year-on-year. It's shares soared 11.8% yesterday.
The Lufthansa Group reported "strong year-on-year sales growth in January", despite extreme winter and unrest in the Middle East/Africa. The airline added that demand and pricing remained "robust in January, with the known distinction between short-haul and long-haul traffic".
Low cost scheduled capacity increased by 9% year-on-year in Feb-2011 with "notable" growth in the Asia Pacific and Middle East regions, according to OAG. Low cost airlines account for one in every five scheduled seats now offered around the globe; a very slight increase year-on-year.
Indian infrastructure stocks – including those with airport exposure, namely GMR Infrastructure and GVK Infrastructure – have been hit in recent days as investors flee the sector.
Lagardere Services Asia Pacific has been awarded a concession to operate a multi-brand confectionery store in Singapore Changi Airport's Terminal 1. The 304sqm outlet will be developed as an innovative and unique concept, specifically tailored to appeal to travellers within the region.
JAL Chairman Kazuo Inamori stated the carrier reported an operating profit of JPY158.6 billion (USD1.9 billion) in the nine months ended 31-Dec-2010, as its restructuring programme continues, according to a Kyodo report.
Air Mauritius announced profits in its third fiscal quarter rose to EUR12.5 million, compared with EUR3.2 million in the previous corresponding period, as passenger and cargo traffic achieved double-digit growth. Shares in the company rose 3.2% in trading yesterday.
Air Canada reported a net profit of CAD107 million for the full-year 2010, compared with a net loss of CAD24 million in the previous year. The carrier reported its highest ever EBITDAR of CAD1386 million, up CAD707 million from the previous year. Shares in Air Canada were down 0.9% yesterday.
The likelihood that Boeing will move to develop an all-new replacement for the B737 is increasing, with Boeing CEO and Chairman, Jim McNerny, commenting that the company has a bias towards developing a new jet, to debut near the end of this decade or the beginning of the next. The B737 is the manufacturer...
Shares in AirAsia dropped 3.9%. The carrier’s Thai offshoot, Thai AirAsia, announced it plans to conduct a float on the Stock Exchange of Thailand in 3Q2011, to raise funds for its expansion and repay debt. The IPO will be for at least 25% of the carrier’s shares. AirAsia owns a 49% stake in the...
Japan’s ambitious Skymark Airlines announced a strong performance in its financial highlights for the nine months to 31-Dec-2010. However, the airline has been forced to make a minor cut to its outlook for its full-year net result, due to additional tax payments.
Reporting its 23rd consecutive profitable quarter, WestJet posted record 4Q2010 earnings at CAD47.9 million on total revenues of CAD692.8 million, up 21.5%. Ex special items posted in 2009, earnings were up 217% year on year in the quarter. For the year, net earnings were up 40% to CAD136.7 million...
CAPA AeroPark, a world first aviation university and training campus being developed in India, today announced plans to bring forward its launch date in response to calls from the industry.
India’s GMR Infrastructure reported revenue for the three months ended 31-Dec-2010 was up 27% to USD298.1 million, although the company reported a net loss of USD11.4 million, compared with a profit of USD6.8 million in the same period last year. EBTIDA rose 10% to USD83.6 million.
Air France-KLM shares finished the day 7.7% lower, following a profit warning from the European carrier. The carrier stated its results for FY2011 may not meet its earlier targets,. Despite revenue improving 13.9% year on year for the three months to 31-Dec-2010.
