Welcome to Centre for Asia Pacific Aviation (CAPA)

July 30, 2010, 5:07 am

CAPA is the leading global aviation knowledge practice, delivering market analysis and data to support strategic decision making at hundreds of the most recognised organisations in the industry. Established for 20 years, CAPA has developed an...

Southwest's record revenue performance yields USD112 million profit

July 30, 2010, 2:26 am

In a dramatic swing from 2Q2009, Southwest Airlines more than tripled its results of a year earlier, excluding special items, from USD59 million to USD216 million in 2Q2010. Southwest Chairman, President and CEO Gary Kelly announced the results to...

Southwest reports strong performance in 2Q2010; Lufthansa to maintain JetBlue stake

July 30, 2010, 1:56 am

Southwest Airlines' shares remained unchanged yesterday, despite the carrier reporting a strong set of financial results for the three months to Jun-2010 (2Q2010).

India’s second tier airports: Will modernisation of 35 airports by AAI generate further growth?

July 30, 2010, 1:52 am

Indian airline traffic growth remained above 20% in Jun-2010, the fourth consecutive month that domestic airlines have reported growth in this range. Traffic has been soaring at India’s second tier airports, the non-metros, where extensive...

Aeroflot increases stake in Saratov Airlines; Finnair expanding fleet; Lufthansa down

July 30, 2010, 1:05 am

European airline shares continued to decline on Thursday (29-Jul-2010) as markets declined late in trading, as investors started profit taking on recent gains. Airline shares were also pushed lower by a 3.0% rise in oil prices, to USD78.36.

Rolls-Royce profit drops on forex loss – Suppliers Share Wrap

July 30, 2010, 1:02 am

A GBP1 billion loss on the fair value of currency contracts has pushed Rolls-Royce to a loss in 1H2010, despite a fair operational performance in 1H2010. The company reported an operating profit of GBP594 million, but losses before tax of GBP475...

Royal Jordanian reports 13.9% year-on-year rise in revenue; Lonrho to launch Angolan hub

July 30, 2010, 12:58 am

Royal Jordanian's shares remained stable on Thursday (29-Jul-2010). On the same day, the carrier released its financial/traffic highlights for the 12 months ended Jun-2010 with a 13.9% year-on-year rise in revenue to USD441.8 million and a net loss...

Industry misses revenue record in 2Q2010; Expressjet surges; Jazz Air and Air Canada down

July 30, 2010, 12:33 am

With the mainline and low-cost carrier reporting season drawing to a close, AirlineFinancials.com Founder Bob Herbst said the nine largest carriers reported USD1.86 billion in net profits on USD31.7 billion in revenues, the second highest in history...

Ferrovial and Abertis lose ground with financial reports

July 30, 2010, 12:29 am

Shares in Ferrovial and Abertis, Spanish infrastructure players with airport interests, lost ground yesterday, upon the release of their financial reports for the six months ended 30-Jun-2010. Bolsa de Madrid’s Ibex 35 Index closed 0.15% higher...

Shanghai Airlines to leave Star Alliance; China Southern expects improved profits: China Share Wrap

July 29, 2010, 9:19 pm

The Chinese stock market continued its upward rally for the eighth consecutive day on Thursday, with the Shanghai Composite Index rising 0.6% to reach the highest index close in the past two months. Meanwhile, the Hang Seng Index gained less than...

Welcome to Centre for Asia Pacific Aviation (CAPA)

July 29, 2010, 1:59 am

CAPA is the leading global aviation knowledge practice, delivering market analysis and data to support strategic decision making at hundreds of the most recognised organisations in the industry. Established for 20 years, CAPA has developed an...

US air fares still a bargain, despite increases. The 'lost decade' for US airlines

July 29, 2010, 1:57 am

The US airline industry immediately responded to the Department of Transportation report that air fares are rising, saying they should be kept in perspective. It was a clear attempt to derail any more criticism being heaped on the industry at a time...

Aviation in Tibet flying high on resources and tourism boom

July 29, 2010, 1:24 am

The Tibet Autonomous Region is one of the most exciting aviation markets on the planet. Over the past 10 years, the Central Government in Beijing has invested CNY310 billion (USD46 billion) in Tibet – equivalent to almost USD15,000 per person –...

Spring doubles revenue and profits in 1H2010; improved performance expected in second half

July 29, 2010, 1:23 am

China's most successful LCC, Spring Airlines, reported a doubling in revenue and profits in 1H2010, which the carrier attributes to “significantly” lower costs than its competitors. The carrier reported revenues of USD215.2 million in the...

easyJet's share slump; profit outlook maintained but operational challenges a concern

July 29, 2010, 1:07 am

European stock markets edged higher Wednesday, although European LCC shares were generally weaker led by a 7.1% slump by easyJet - its largest fall in 18 months. The stock has advanced 14% this year, boosting the company’s market value to GBP1.73...

Boeing results dip on lower aircraft deliveries – Suppliers Share Wrap

July 29, 2010, 1:05 am

A minor dip in output has harmed Boeing’s first half profit, but the US manufacturer is confident of reaching its full year forecast and is riding high on strong ordering at the recent Farnborough Airshow. Boeing reaffirmed its full-year guidance...

SpiceJet Q1 profit more than doubles; expecting to take “disproportionate share” of growth

July 29, 2010, 1:00 am

SpiceJet’s first quarter net profit more than doubled in the three months ended Jun-2010, surging 110% to USD11.8 million, driven by a 35% increase in operating revenues to USD152 million and a 29% increase in passenger numbers. The carrier’s...

ExpressJet improves balance sheet; Hawaiian Airlines' net profit declines

July 29, 2010, 12:59 am

North and South American airline stocks declined for another day on Wednesday (28-Jul-2010) as the Dow (-0.4%) retreated on news manufactured durable foods sales declined by USD2 billion in Jun-2010 compared with May-2010. The AMEX Airline Index...

Kenya optimistic tourist arrivals would pass 1 million; Middle East shares stable

July 29, 2010, 12:38 am

Kenya Airways (-0.6%) announced it had established a new 24-hour call centre to improve customer service and sales performance. It came as the Kenya Tourist Board (KTB) stated it is optimistic arrivals would pass 1 million by the end of 2010....

Lufthansa reports narrower loss for 1H2010; SAS gains; Eurofly continues decline

July 29, 2010, 12:37 am

European airline shares fell on Wednesday (28-Jul-2010) as wider markets ended their six-day rally on an unexpected decline in orders for durable goods in the US. The fall was despite another day of declines in oil prices (-1.9%) to USD76.09.

Ferrovial gains marginally with BAA financial results for 1H2010: Airport Share Wrap

July 29, 2010, 12:23 am

BAA released its financial report for the six months ended 30-Jun-2010 yesterday. The airport operator reported a 2.2% revenue increase to GBP957.6 million, while adjusted EBITDA declined marginally by 0.2% to GBP401.7 million. This performance...

Asia Pac driving aviation recovery; China Southern expecting net profit improvement in 1H2010

July 28, 2010, 9:26 pm

IATA reported that the aviation industry “continues to recover faster than expected”, driven by strong Asia Pacific demand. Asia Pacific carriers recorded the most significant demand improvement at 15.5% in Jun-2010, with China continuing to be...

World airline passenger and freight traffic back above pre-recession peak; some “slowing” expected

July 28, 2010, 9:24 pm

IATA reported continued “strong demand growth” in international scheduled traffic in Jun-2010, as the industry recovers from the impact of the global financial crisis. IATA Director General, Giovanni Bisignani, commented that the industry...

Comair to launch Johannesburg-Dar Es Salaam service; African shares mixed

July 28, 2010, 1:53 am

Comair (-1%), British Airways' South African subsidiary, announced (27-Jul-2010) plans to commence five times weekly Johannesburg-Dar Es Salaam (Tanzania) service from 02-Nov-2010.

Zurich continues strong performance in Europe

July 28, 2010, 1:51 am

The Euro-zone economic recovery is looking increasingly fractured, but Zurich Airport continues to achieve solid traffic results.