Embraer confirmed it is in talks with several Indian carriers over sales for its regional jet aircraft. The manufacturer believes there is a strong market in the 75-100 seat regional jet segment, with India due to become the world’s fifth largest domestic market by 2014/15 based on current growth...
Small independent lessor Capital Lease Aviation reported an 18.7% year-on-year increase in net profit to USD2.2 million. The result was achieved on the back of a 54.9% surge in revenues to USD7.9 million for the six months ended 31-Dec-2010
Delta announced that in addition to adding flat-bed seats in BusinessElite to its international fleet, it will also upgrade a portion of the economy section to Economy Comfort. With that February 7 announcement, Delta joins a growing list of airlines with some form of “enhanced” economy service.
Shares in Turkish Airlines, Europe's seventh largest carrier, fell 1.6% in trading on Tuesday, on a mixed day for European airline stocks. The carrier's January traffic rose 6.3% year-on-year, to 2.1 million passengers, but average load factors fell 1.5 percentage points. Cargo volume surged 22.6%.
China has officially become the world’s second largest economy after the US, having overtaken Japan in 2010; the World Tourism Organisation predicts China to become the world's largest tourist destination and source within five to seven years; and IATA expects China to top the global rankings for...
Aeroports de Paris, operator of Charles De Gaulle and Orly airports, reported traffic rose 5.5% year-on-year in January. The stock eased 0.5%, with other European airport operators mixed.
There are no certainties in Brazilian airport privatisation. Now, just as Rio de Janeiro’s governor insists its main airport should be ceded to the private sector, up pops leading airline Azul to state its opposition to the move citing the likelihood of rising costs under private ownership.
On the ropes less than two years ago, Air Canada executives fairly crowed about their fourth quarter and full-year 2010 results as they reported full-year net income of CAD107 million compared with a net loss of CAD24 million in 2009.
Asia Pacific carriers reported encouraging traffic for the first month of 2011, with All Nippon Airways, Cathay Pacific and Singapore Airlines all announcing January traffic results. Cathay Pacific noted premium traffic volumes remain steady, while leisure traffic spiked on regional routes. Shares in...
A&F Aviation Co, the LCC subsidiary of All Nippon Airways and First Eastern Investment Group (First Eastern), stated it plans to serve 6.0 million passengers within five years of launch on international and domestic routes at about half the cost of legacy airlines. The company plans to be profitable...
India's Civil Aviation Minister Vayalar Ravi in mid Feb-2011 met Finance Minister Pranab Mukherjee to discuss a further equity infusion into Air India as part of the upcoming budget. He added that the Ministry has "already asked" for an additional equity infusion INR20 billion (USD440 million) for Air...
Airbus has confirmed that it is considering increasing production of the A320 to 42-44 aircraft per month, but will need to confirm its suppliers are up to the task. The manufacturer plans to increase A320 output from 36 to 40 aircraft per month by 2012, as it increases output in Europe and its Tianjin...
Airline stocks in the Middle East tumbled yesterday, with unrest in Bahrain and Libya causing jitters in North African and Middle Eastern markets. Shares were down across the board for listed carriers in the Middle East, with Royal Jordanian (-4.8%) and Kuwait National Airways(-4.5%), parent of Wataniya...
Qantas’ 1HFY2011 financial results, released on 17-Feb-2011, revealed that Jetstar is an increasingly valuable unit of the Qantas Group, with the LCC offshoot close to overtaking Qantas as the group's most profitable brand. The unit contributed 32% of the group’s EBIT result and 17% of revenue,...
Norwegian Air Shuttle has fallen to a fourth quarter loss of EUR4.1 million and reported a 58% decline in full-year net profits to EUR24.4 million as fuel costs spiked almost 50% for the airline. Shares in Norwegian finished closed 0.8% lower, on a generally positive day for European-listed carriers...
Avianca-TACA Holding, the airline group formed in 2010 to facilitate the merger of Aerovias del Continente Americano SA and TACA Airlines, has requested approval from Superintendencia Financiera, Colombia’s securities regulatory agency, to issue shares on Colombia's stock market.
Dufry shares fell 4% yesterday, the sixth consecutive day of downwards trading for the company. Last week the company announced its 2010 results would be affected by the strong Swiss franc. The company has not reported how strong the impact will be, as it has not released its fourth quarter results,...
Online travel agent and distributor Orbitz, which also operates Cheaptickets.com, reported a 4Q2010 net loss of USD78 million as it suffers from the ongoing dispute with American Airlines over air fare distribution. Revenue in the period was up 4% year-on-year, to USD182.4 million.
Third quarter statistics on bag fees have been released by the Bureau of Transportation Statistics and the revenue generated by bags continues to rise.
Qantas’ 1HFY2011 financial results, released on 17-Feb-2011, revealed that Jetstar is an increasingly valuable unit of the Qantas Group, with the LCC offshoot close to overtaking Qantas as the carrier's most profitable brand.
Malaysia Airports Holdings Berhad, the operator of 29 Malaysian and four international airports, reported a full-year 2010 net result of USD96.8 million, a decline of 22.2%. The company reported an EBTIDA of USD232 million, a 10.1% increase. Shares in the airport operator gained 2.8% yesterday, trading...
Qantas reported a 1HFY2011 net profit of USD241.6 million and an underlying profit of USD453.1 million. Shares in the carrier ended trading on Wednesday flat, but were up 4.2% in trading to noon today.
Qantas Group posted a four-fold increase in half-year net profits to AUD241 million (USD240.6 million). Underlying profit before tax rose 56% to AUD417 million as revenues increased 10% to AUD7.59 billion, despite the Nov-2010 mid-air engine explosion which grounded the carrier’s A380 fleet for two...
By contrast with recent slightly downbeat projections from Singapore Airlines and Cathay Pacific, Qantas CEO Alan Joyce today gave a positive view of upcoming operating conditions, indicating that the group’s capacity was to increase by 11% during the first six months of 2011, “while maintaining...
AirAsia CEO Tony Fernandes stated the carrier is “actively discussing” plans to acquire 175 A320neo aircraft as it expands its short-haul ASEAN network. “We like the product and we'd like to order lots more because there's plenty of growth in our region,” Mr Fernandes stated.
China's aviation industry reported a bumper profit of CNY3400 million (USD516 million) in Jan-2011 - a record January performance. The CAAC credited the turnaround to strong demand stimulated by rapid domestic economic growth.
US airline passenger numbers will reach 1 billion in fiscal year 2021, two years sooner than projected according to the US Federal Aviation Administration in its latest annual forecast for Fiscal Years 2011-2023. Annual growth is expected to average 2.8%, while traffic (RPMs) is expected to more than...
The Mexican market was certainly one of the more eventful in 2010. After a bumpy two years, Mexico’s airlines are likely to demonstrate some solid growth in 2011. But as local airlines continue to get a feel for the market following Mexicana’s demise and jostle to fill the void, the collapsed major...
easyJet Chairman Sir Michael Rake stated the carrier is making progress at increasing its market share and improving its return on capital, with a goal of 12%. He added that easyJet is strongly positioned to take advantage of the continuing profitable growth opportunities in European short haul. The...
US airlines reported a 10% year-on-year increase in passenger revenue in Jan-2011, the 13th consecutive month of revenue growth according to the Air Transport Association of America. Growth was led by a 16% increase in international passenger revenue and a 6.7% increase in domestic revenue.
