Shares in duty free and airport retail companies joined the general downturn in aviation related shares on Tuesday. Hellenic Duty Free shares fell 6.4%, pushing the company shares down EUR0.94. Also suffering were Autogrill shares, which fell 3.9%.
Aeroports de Paris (AdP) has the highest market capitalisation among privatised airport operators at USD8.72 billion, closely followed by Fraport, according to Bloomberg figures. But the surprising fact is that, as with the airline industry, so many Chinese operators figure prominently.
The world’s air traffic controllers had a slightly busier year in 2010, handling 0.8% more flights across the leading airports. But regional differences abound. Aircraft movements increased the most in Latin America-Caribbean (+6.2%), Middle East (+6.1%) and Asia Pacific (+5%) while movements continued...
The rankings of the world’s busiest airports for 2010 have yielded some key developments in global aviation. Beijing Capital Airport has surged into second place behind Atlanta, leapfrogging London Heathrow, which has also dropped below Chicago O’Hare, according to Airports Council International...
Russia was hit hard in the global financial crisis. As its GDP fell more than 6% in 2009, domestic capacity plunged 15% and demand fell away 10% over the year. Airport passenger traffic, however, rebounded strongly in 2010 with many airports posting 20%-plus year-on-year gains. LCCs, however, have not...
Air fares from Tokyo's main international gateway, Narita Airport, to several key world cities have spiked in recent days as increasing numbers of people leave the country. A sample of fares from Tokyo Narita to Beijing, Frankfurt and New York JFK show a doubling of best available economy seats on certain...
IATA stated traffic momentum was strong at the start of 2011 and rising business confidence points to further gains in the months ahead. However, premium fares are still estimated to be around 15% below their pre-recession levels despite rebounding significantly from the 2009 low. The association also...
Continued positive trends in passenger yields and unit revenues were reported in Feb-2011, linked to a recovery of high-fare business travel demand. However, despite improvements in the demand and yield environment, carriers are now facing a new challenge in escalating fuel costs with this pressure...
Shares in Cimber Sterling plummeted 13% in trading yesterday, as the carrier announced it expects to make a loss of DKK125 million-145 million for FY2010/11. Cimber Sterling reported a EUR15.8 million loss for the three months ended 31-Dec-2010, reversing the EUR12.8 million profit it achieved in the...
Shares in Delta Air Lines fell 4.6% on Wednesday, as US airline shares spent another day in decline. Latin American stocks were also lower, as Copa dropped 3.3% and TAM slipped 2.7%. The only significant positive trading was in WestJet, which rose 3.6%.
Engine leasing specialist Willis Lease Finance reported a 1.4% decline in net revenue in 2010, thanks to relatively flat lease rates and falling utilisation, which hit its lowest point for the company since 2002.
TravelSky and Ctrip announced they have signed a strategic cooperation agreement. The companies will launch an in-depth cooperation in areas such as air ticket sales and hotel bookings. Shares in TravelSky Technology were down 1.3% in trading on Wednesday.
Kuwait National Airways' main unit, Wataniya Airways, announced it has suspended operations as of 16-Mar-2011, citing the "current financial situation of the company" as well as the "difficult political and security situation in the region".
Cimber Sterling has declared a EUR15.8 million loss for the three months ended 31-Dec-2010, reversing the EUR12.8 million profit it achieved in the previous corresponding period. Revenue at the carrier rose 18%, but this was more than matched by the 29% increase in operating costs.
Listed airports had a mixed day, as Asian markets rebounded, but European and North American markets slid on fresh uncertainty about Japan.
gategroup announced its Gate Gourmet flight catering company will make India a major hub for catering operations, following the completion of its acquisition of a majority stake in local Skygourmet catering. gategroup has invested approximately USD3 million in a new unit in Kolkata, and plans to use...
Asia Pacific airline stocks rebounded yesterday after Tuesday's rout, but gains are likely to be short-lived following difficult sessions in Europe and the US overnight.
Singapore Airlines has seen a decline in load factors since Aug-2010, as the airline continues to grow capacity strongly. East Asia (which includes Japan) is SIA's biggest market.
Oil prices rebounded overnight to just under USD100 per barrel in New York, as the market responds to various external shocks. Middle East tensions have pushed oil prices higher this year, though the unfolding crisis in the world's third largest economy, Japan, is putting downward pressure on oil. Airlines...
Encouraging news is emerging over the progress of Single European Sky ATM Research (SESAR), the technological programme underpinning the development of the Single European Sky. According to Florian Guillermet, chief programme officer at the SESAR joint undertaking, 75% of the programme is now underway...
A week on from the Tohoku Pacific earthquake/tsunami/nuclear crisis, the aviation industry is turning its collective mind to the knock-on effects of the disaster.
Within the past 24 hours, US security measures, and particularly the Transportation Safety Administration (TSA), were confronted by two influential policy bodies. The security processes, which have encountered a great deal of criticism and publicity of late, appear to be attracting more notice and evaluation...
Shares in European carriers traded more positively on Thursday. Both airberlin and Lufthansa reported their 2010 results.
Hawaiian Airlines' shares plummeted in trading yesterday, due to its exposure to the Japanese market. The carrier's CEO and President Mark Dunkerley noted cancellations have been “pretty modest” and the carrier has declared its intention to continue its Japan schedule and expansion plans.
LCC shares had a mixed day yesterday, with Cimber Sterling dropping another 3.7% after the sharp fall earlier in the week. The carrier revised its profit forecast a loss of DKK125 million-145 million for FY2010/2011, and reported a net loss of EUR15.8 million for its latest quarterly results.
Shares in Hong Kong-based engineering and MRO provider HAECO dropped 7.7% in trading yesterday. The company is part owned by Swire Pacific and Cathay Pacific and has extensive interests in mainland China.
1Time Holdings forecast a "tough trading environment” in 2011, with high oil prices putting pressure on yields and volumes. Shares in the company - which operates South African LCC 1time - were down 1.4% yesterday.
While there will be new fragmentation in the leasing industry wrought by the rise of Asian leasing companies, the industry will ultimately consolidate into a handful of very strong companies, according to leasing experts attending the International Society of Transport Aircraft Traders (ISTAT) here.
Shares in major aerospace manufacturers and parts suppliers bounced back on Thursday, lead by Canadian aircraft and transport manufacturer Bombardier, which announced several orders from its rail division over the week. Also up was French parts and interiors manufacturer Zodiac Aerospace, which reported...
Despite an uneven global economic recovery and one-off events in Europe and North Africa, gategroup reported a 2010 net profit of CHF50.7 million, up 35.6% year-on-year. The company's strong increase in profitability was achieved on a 3.4% increase in revenue, although with currency fluctuations actual...
