Online travel booking and reservations company Expedia reported a net profit of USD71.3 million for the three months ended 31-Dec-2010, but the result was down 30% year-on-year, due to higher taxes and increasing sales and marketing costs. Shares in Expedia rose 1% in trading yesterday.
Spain’s move to privatise its air traffic control system, ahead of the partial privatisation of its airports, is attracting the interest of some of Europe’s leading air navigation services providers. NATS, the UK-based ANSP, and LFV, Sweden’s state-enterprise air navigation services provider,...
There was a time when any self respecting city craved its own airport. In 2011, such is the pressure from powerful environmental lobbies over emissions, noise, turbulence and wake vortex, protection of bird habitats etc, in addition to consistent economic pressures, that some cities have lost, or could...
US legacy and low-cost airlines have posted industry-wide profits of USD2.9 billion for 2010, a remarkable turn around on 2009 when the legacies – American, Delta, United and US Airways – posted severe losses while low-cost carriers weathered the storm somewhat better.
Hainan Airlines shares rose 2.2% yesterday. The carrier added its first service to Sydney in Jan-2011, bringing the number of Chinese carriers operating to the airport to five. At the end of Jan-2011, the carrier announced 2010 net profit would increase six-fold, from CNY335 million (USD50.8 million...
Shares in Air Mauritius leapt 13% in trading on Friday, hitting its highest point since Jun-2010. Earlier last week, the carrier reported a third fiscal quarter profit of EUR12.5 million, compared with EUR3.2 million in the previous corresponding period. Operating profit rose 66.7%.
People’s Capital and Leasing Corp announced it will expand into the aircraft leasing and financing segment, providing support for large and mid-size owners and operators of business aircraft — including business jets, turboprops and helicopters. The company has appointed Bob Sommers and Jim Pulie...
GOL reported a 5.9% increase in demand across its route network for Jan-2011. The carrier has a consolidated load factor of 75.6%, while domestic load factors were 77.7%.
Boeing rolled out the B747-8I at its Everett, Washington, facility over the weekend. The company aims to conduct the first flight of the passenger version in Mar-2011. The aircraft will enter service with Lufthansa in early 2012, which will configure the aircraft with 386 seats. Boeing has 106 orders...
European Commission launched a pair of investigations into European codeshare agreements. The investigations cover the Munich-Istanbul and Frankfurt-Istanbul routes, operated under codeshare between Lufthansa and Turkish Airlines and Brussels-Lisbon, operated by TAP Portugal and Brussels Airlines. The...
GOL reported a 5.9% increase in demand across its route network for Jan-2011. The carrier has a consolidated load factor of 75.6%, while domestic load factors were 77.7%.
Copa Holdings announced net income for the full year was down 11.9% to USD212.1 million in 2010, however, operating income for the year was up 8.3% to USD263 million, resulting in an operating margin of 18.6% compared with 19.4% in 2009.
In an address to the UK Aviation Club, IATA’s head Giovanni Bisignani gave the current UK aviation policymakers what can only be called a “thrashing”, finding little to applaud in recent decisions.
Autogrill CEO Gianmario Tondato stated the company aims to expand in India and other Asian countries as part of efforts to grow in international markets, especially in emerging economies. Mr Tondato also named Malaysia, Sri Lanka and Singapore as possible locations.
OMA reported traffic eased 0.6% in Jan-2011, continuing a run of subdued traffic in Mexico in early 2011. Domestic traffic at OMA’s airports rose 1.5% but international traffic decreased 7.7%.
An Austrian company has installed a mobile passenger terminal at Switzerland’s Geneva Airport. It is designed as a flexible structure, to expand and contract airport capacity, depending on demand. With a growing number of companies providing such facilities – driven by the increasing seasonality...
In Dec-2010, SpiceJet firmed up a USD450 million order for 15 Bombardier Dash 8 Q400s plus 15 options, joining a growing list of LCCs adding regional aircraft to their fleet. Promoter Kalanithi Maran has been clear about the growth path he has in mind for SpiceJet and it seems he has identified ripe...
Garuda Indonesia was officially listed on the Indonesian Stock Market with the code GIAA on 11-Feb-2011. The carrier’s shares were listed at IDR750 each, but fell 17.3% at the close of trading. The shares had been down as low as IDR590, but recovered during the day.
Kenya Airways reported solid traffic figures for the three months ended Dec-2010. Passenger numbers rose 7.3% year-on-year, while RPKs were up 8.9%.
Germany's two largest carriers airberlin and Lufthansa have been given the all-clear to pursue legal action against Ryanair. Shares in airberlin finished the day 1.7% higher, while Ryanair shares were up 1.4%.
Kingfisher Airlines, India’s second-largest airline by passengers carried, narrowed its net loss by 40% in the Dec-2010 quarter on higher revenue and continued growth momentum during the country’s peak travel season. The performance was reined in by high interest costs and the grounding of 14 Airbus...
CAPA's latest research into the airport sector, Airport Capex Report Asia 2011, is a 10,000-word tabular report researched by David Bentley, Editor of Airport Investor Monthly and principal author of previous CAPA reports on airport privatisation and low-cost airports and terminals. It is particularly...
Multiplus, the frequent flyer unit of TAM, reported a 2.8% year-on-year decline in net profit to USD26.0 million on an 8.4% increase in revenue to USD194.9 million in the three months ended 31-Dec-2010. Multiplus shares finished the day 1.4% higher
Global air travel is expected to increase to 3.3 billion passengers by 2014, up by a third from 2.5 billion passengers in 2009, according to IATA. Growth will be driven by strong economic activity in Asia which will act as a key driver to the industry’s expansion.
Chinese airport shares showed gains across the board, as Beijing Capital International Airport reported strong passenger growth for the first month of the year. Traffic at the airport was up 13.6% in the month, to 6.2 million, while aircraft movements rose 7.6%.
Korean airline stocks were mixed on Monday, as the country's main carriers reported a slowing of freight demand growth.
OAG, in its monthly Frequency and Capacity Trend Statistics (FACTS) report, stated worldwide scheduled airline capacity increased 5% year-on-year in Feb-2011 to 285.7 million seats. The number of flights increased 4%, to 2.3 million departures worldwide during the month. The average number of seats...
US Federal Aviation Administration has released its annual airline traffic forecast, predicting that air travel will more than double in the US over next 20 years. The FAA 20-year forecast predicts passenger numbers on US airlines will rise by 3.5% from 2010 to 737.4 million passengers in 2011. That...
Tiger Airways Australia stated it will suspend indefinitely its operations in Darwin, citing a lack of demand and seasonability of operations. The carrier had planned to use Darwin as an international hub, operating to locations such as Denpasar, but had not secured regulatory approval for international...
South Africa's Comair reported revenue increased 24.1% year-on-year to USD239.5 million over the second half of 2010. Operating profit at the company, which operates kulula and flights on behalf of British Airways in South Africa, reported operating profit before depreciation rose 26.3% to USD20.3 million...
