MAp reported traffic was up across all three of its investment airports in Feb-2011, despite a number of one-off events. Growth at Sydney airport was marginal, thanks to the earlier timing of Chinese New Year and severe weather conditions.
Air travel trends in the US, predicted by the Federal Aviation Administration, will place a high priority on the development of the Next Generation Air Transportation System to cater for increased demand, as US airlines prepare to carry a billion passengers annually in within a decade.
For travellers and local residents, the situation in Tokyo is deteriorating amid rolling power cuts, infrastructure problems and ongoing aftershocks, while rising concerns over the Fukushima nuclear plant has prompted several governments around the world to advise its residents to avoid travelling to...
Discount air fares in the Australian domestic market continue to fall this month, though there has been some improvement in business and full economy fares, according to the latest survey from the Bureau of Infrastructure, Transport and Regional Economics (BITRE).
Air New Zealand CEO Rob Fyfe has stated that the carrier could return to profitability within months and he would be surprised if it suspended any routes. Air New Zealand issued a profit warning earlier this week, due to the increasing cost of oil and natural disasters in Christchurch and Japan, but...
Early panel sessions at the International Society of Transport Aircraft Traders (ISTAT) conference in Arizona this week suggested the CSeries was “nipping at the heels” of the A319-100 and the 737-700. But the lessors' panel had conflicting opinions on the CSeries, saying the up-gauging trend might...
After his panel session at this week's International Society of Transport Aircraft Traders (ISTAT) conference in Arizona, Air Lease Corp CEO Steven Udvar-Hazy responded to wide-ranging questions from a press gaggle, attracted to him like paparazzi to a movie star.
During a panel discussion on the export credit financing during last week's International Society of Aircraft Traders (ISTAT) conference, it was clear that although the old Aircraft Sector Understanding (ASU) disadvantaged home-market aircraft, the new rule may not better.
Shares in Chinese IT supplier and airline distribution provider Travelsky Technology spiked 6.9% in trading on Friday. Earlier last week, the company signed a strategic cooperation agreement with Ctrip, a leading online travel agent in China.
Shares in LAN Airlines and TAM shares fell on Friday, as the Chilean antitrust regulator announced it will proceed with a review of their planned merger. A probe would take six to nine months. LAN reportedly stated the investigation could delay the deal, stating even if it were approved by the end of...
Russian Deputy Transportation Minister, Valery Okulov, announced Russian Technologies Corp will take a 2 to 2.5% share in Aeroflot, in exchange for its Rosavia airline assets. The minister described the valuation of the assets as “fair”. Shares in Aeroflot finished 2.2% lower on Friday.
Cebu Pacific reported revenue rose 25% year-on-year in 2010, with net profit up more than 100% to USD158.4 million. Shares in Cebu Pacific rose 0.7% in trading on Friday, in another mixed day for Asian LCC shares. Tiger Airways shares were 6% higher, Virgin Blue gained 3%, but Air Asia and SpiceJet...
Boeing conducted a maiden test flight of the B747-8 Intercontinental on 20-Mar-2011. The aircraft conducted a four-hour 25-minute test flight from Paine Field in Everett, Washington, before landing at Boeing Field in Seattle. The flight test programme for the aircraft is expected to finish in 4Q2011...
Shares in Comair South Africa traded 4.1% lower in Friday. British Airways announced last week that it will soon serve all major South African coastal routes and will launch service, through subsidiary Comair, between Durban, Port Elizabeth and Cape Town from 27-Mar-2011, taking over from LCC subsidiary...
DFS Group has announced a major management restructuring exercise, moving Michael Schriver to group president of stores and business development and hiring Philippe Schaus to join the company as group president of merchandising and marketing from Aug-2011. In airport duty free and retail shares, Dufry...
Shares in Irish aircraft leasing company AerCap rose 4% in trading on Friday, the strongest single day gain for the stock since the end of Feb-2011. Other leasing companies did not have similar momentum. Aircastle shares were up 1.7% and FLY Leasing and Air Partner shares also gained ground.
China's Beijing Capital and Shenzhen airports have both reported strong net profitability for 2010, with Beijing earning USD90.6 million and Shenzhen reporting a net profit of USD108.7 million. Airline shares mostly finished the week stronger, notably Australia's MAp and Australian Infrastructure Corp...
The crises hitting Japan is having significant impacts well beyond its borders. The country’s USD62.5 billion aviation market accounts for some 6.5% of worldwide scheduled traffic and 10% of the industry’s revenues, according to IATA. It is an important component of the global premium air traveller...
Asia Pacific airlines had a better day on markets on Friday, although shares in airlines in South Asia continue to fall. Pakistan International Airlines, SpiceJet, Jet Airways and Kingfisher all recorded share price drops in trading on Friday.
The aviation industry is inherently exposed to numerous external influences, such as fuel costs, the economy, exchange rate fluctuations, natural disasters and political instability, as recent world events highlight. Fraud is another external challenge facing the aviation industry, with major cost...
Singapore Changi Airport reported a solid increase in passenger traffic in Feb-2011 thanks to strong travel demand over the Lunar New Year holiday which this year was spread over a long weekend. Southeast and Northeast Asia continued to be the growth drivers (and Changi's largest markets). Traffic to...
CEO of JetBlue Airways, David Barger, believes the US airline industry, and JetBlue in particular, is well positioned to deal with the rising cost of oil. The industry approach is more "rational", with airlines adopting smarter and more disciplined approaches to hedging and pricing.
Air Arabia's annual general meeting approved the proposal by the company's board for an 8% cash dividend. The carrier reported a 2010 net profit of AED309.6 million (USD80.2 million). Shares in Air Arabia were up 3.2% on Monday.
United Airlines and Continental Airlines announced plans to raise fares on many US routes by USD10 per round trip. The last attempt to raise fares by US carriers failed when others did not follow American Airlines’ lead.
Shares in Lufthasa rose 2.9% on Monday, following the carrier's strong full-year earnings report at the end of last week. The carrier reported an operating profit of EUR876 million and a net profit of EUR1.1 billion in 2010, and will pay a dividend of EUR0.60 per share.
After showing better strength at the end of last week, aerospace shares were stronger on Monday, with significant share gains at several major manufacturers. Shares in Embraer gained 1.6%, EADS was up 1.7% and Boeing gained 3%, as investors welcomed the news that the company's B747-8I had a successful...
NAV CANADA, the Canadian air navigation services provider, has announced the launch of a new range of air traffic management solutions this month, as the company continues its efforts to lessen its reliance on air traffic revenue. The new, integrated product line is called NAVCANatm and builds on the...
In a clear sign that growth and change can be positive and problematic, Southwest Airlines grapples with its changed business model.
Shares in World Fuel Services Corp rose 3.2% on Monday, with the company's shares recovering after falling more than 10% in two weeks, following an all-time high at the end of Feb-2011. Last week the company signed an agreement with Triple Point Technology for a commodity management platform to support...
Shares in Gemina, an Italian company which holds ownership in Aeroporti di Roma, jumped 6% in trading on Monday, continuing several days of strongly positive trading. European airport shares were stronger on Monday, with Fraport, Ferrovial and Hochtief among the main movers.
