Kenya Airways climbs with market; Kuwait National Airways flat, Lonrho down

March 10, 2010, 12:36 am

Kuwait National Airways was flat. Subsidiary, Wataniya Airways confirmed plans over the weekend to introduce three A320 aircraft to its current fleet of four A320s this year. Each aircraft will be configured with 122 seats, compared with the 145...

US airline outlook: Recoupling with GDP; Labor; Strikes; Pricing; Alliances; Haneda

March 10, 2010, 12:31 am

There were plenty of nuggets at yesterday's JP Morgan Aviation, Transportation and Defense conference on the outlook for the US airline industry, with some revealing commentary on the economic recovery and pricing environment, labor and strike...

Tarmac rule influenced cancellation decision for US airlines, revenue loss now at USD176 mln

March 10, 2010, 12:12 am

The first acknowledgment that the new US Department of Transportation tarmac rule forced the cancellation of flights during February’s back-to-back 'snowpacalypses' came from Continental CEO Jeff Smizek yesterday when he let go a passionate...

United Airlines “outpacing the industry”; American Airlines expecting 1Q2010 unit revenue to rise

March 9, 2010, 11:55 pm

North and South American shares soared on Tuesday (09-Mar-2010) after a number of US carriers stated things are looking up financially for 2010. Only two carriers, Allegiant (-4.3%) and Republic Airways (-2.6%) were down at the end of trading.

US airlines taking wait-and-see stance on mergers and consolidation

March 9, 2010, 11:52 pm

Yesterday’s JP Morgan Aviation, Transportation and Defense conference carried little news about airline merger and consolidation (M&A) activity, as carriers paraded their new dedication to capacity discipline, the strength of their balance sheets...

Aer Lingus to go ahead with cost cutting plan; Lufthansa passenger numbers; Finnair down

March 9, 2010, 11:43 pm

European airline shares were mostly down on Tuesday (09-Mar-2010), despite a slip in oil prices (-0.5%), to USD81.49. Wider markets ended trading flat. City Index head of equities, Giles Watts, told AFP the markets were lower as investors “moved...

Kuala Lumpur International Airport records strong month in Jan-2010: Airport Share Wrap

March 9, 2010, 9:13 pm

In Southeast Asia yesterday, shares in Malaysia Airports Holding Berhad (MAHB) dipped 2.6%, upon the release of the airport operator’s traffic report for Jan-2010. Passenger numbers at Kuala Lumpur International Airport rose 19.7% year-on-year in...

JetBlue and Southwest advance on slower growth plans. AirTran soars

March 9, 2010, 6:31 pm

Shares in JetBlue and Southwest Airlines rose 2.7% and 1% yesterday, respectively, as both airlines outlined plans to slow their future growth rates.

China Southern Airlines' shares soar on big capital injection

March 9, 2010, 5:58 pm

China Southern Airlines’ shares soared 7.1% in Hong Kong to their highest level since Jun-2008 (as trading resumed after a two-week suspension), following the carrier's announcement of a much bigger than expected capital raising plan – supported...

Comair again planning to acquire existing Durban International Airport; Kuwait National Airways down

March 9, 2010, 12:03 am

Comair (-1.4%) reportedly plans to submit another proposal to acquire the existing Durban International Airport site, following the opening of King Shaka International Airport, which is expected to be completed by the end of Apr-2010. The carrier...

AirTran outlook - and updates on the Milwaukee battleground

March 8, 2010, 11:55 pm

AirTran’s presentation at the Raymond James 31st Annual Institutional Investor Conference placed two things at the forefront of investors' minds – the Milwaukee end game and international expansion. With Milwaukee (MKE) in play between three...

Allegiant's Hawaii move a good one, but not until next year

March 8, 2010, 10:49 pm

While it remains to be seen from which US domestic points Allegiant will serve the Hawaii market, the LCC assured investors yesterday that, rather than being an anomaly to its normal modus operandi, the Hawaii service fits perfectly into the...

Allegiant focusing on ancillary revenue development; AirTran seeing “improving” yield trends

March 8, 2010, 10:45 pm

Jesup & Lamont maintained its ‘Hold’ rating on Allegiant Travel Company’s shares, “primarily because of a relatively difficult first quarter comparison”.

United Airlines estimates consolidated PRASM of 17-19%; AirTran loses USD5-6 million in Feb-2010

March 8, 2010, 10:37 pm

North and South America carriers’ shares tumbled on Monday (08-Feb-2010), as oil prices rose again, up 0.5%, to USD 81.87. The Dow (-0.1%) slipped as investors continued to assess the strength of the US economic recovery, following better than...

Air France KLM pax down, load factor up; Iberia clarifies LCC plans, Vueling shares up

March 8, 2010, 10:27 pm

European carriers’ shares moved lower with the wider market on Monday (08-Mar-2010), also pushed down by another 0.5% gain in oil prices, to USD81.87. In key markets, UK’s FTSE (+0.1%) and Germany’s DAX (+0.1%) gained slightly, while...

Weather costs keep on mounting for US airlines

March 8, 2010, 9:59 pm

In releasing its February traffic statistics yesterday, United Airlines stated its weather-related cancellations last month reduced revenue by about USD40 million, from 1,740 cancelled flights. However, the benefit to PRASM was approximately 1.5...

Is there room for the little Fokker? – Suppliers Share Wrap

March 8, 2010, 8:51 pm

Another aircraft potentially looks set to join the increasingly crowded 70-110 seat market, this time with an update to the venerable Fokker 100. The Dutch Government recently confirmed that it plans to grant up to EUR20 million to NG Aircraft, to...

Capacity did not decline much for US airline industry in recession

March 8, 2010, 8:11 pm

The shift of US domestic capacity to low-cost carriers (LCC) has been happening for years, but new analysis reveals that despite all the talk about capacity discipline and dramatic capacity cuts, in reality only about a billion available seat miles...

Passenger traffic growth at Xiamen and Shanghai leads the way: Airport Share Wrap

March 8, 2010, 8:00 pm

Shares in China’s Xiamen Airport led the way up yesterday, with a strong 5.5% gain. The airport had the second largest increase in passenger numbers in Jan-2010 of the CAAC East China Regional Administration’s member airports.

China Southern funds injection, Cebu Pacific IPO and Jet Airways placement: Updates

March 8, 2010, 7:15 pm

Shares in China Southern Airlines will resume trading today (09-Mar-2010) following the announcement that the carrier plans to raise USD1.57 billion in funds through the non-public issuance of A Shares and H Shares, as part of efforts to reduce the...

China to purchase 218 aircraft in 2010; passenger levels to soar to 1.5 billion by 2030

March 8, 2010, 7:14 pm

CAAC Director General, Li Jiaxiang, stated that China plans to purchase 218 aircraft (regional and widebody aircraft) in 2010 to meet increased demand for air travel, according to Xinhua, China’s official press agency. CAAC is forecasting a 12%...

Royal Jordanian launches co-branded visa card; Jazeera Airways and Kenya Airways down

March 7, 2010, 11:30 pm

Royal Jordanian (+0.5%) and Arab Bank have launched a co-branded visa card in Bahrain, enabling cardholders to earn and redeem points against purchases against free tickets and upgrades to Crown (new First/Business) class, under RJ's Royal Plus...

Hawaiian Airlines gains despite disappointing traffic results; US Airways in an Uptrend; Copa rises

March 7, 2010, 11:15 pm

North and South American carriers rose with the wider market on Friday (05-Mar-2010), with the Dow (+1.2%) rising on news US job losses were smaller than expected in Feb-2010, withthe unemployment rate remaining at 9.7%. Furthermore, job losses...

Cimber Sterling and Norwegian report improved passenger numbers, but reduced yields

March 7, 2010, 10:48 pm

European carriers’ shares were led higher on Friday (05-Mar-2010) by Nordic airlines reporting traffic results for Feb-2010, despite a rise in oil prices (+0.4%), to USD81.18. Wider markets also pushed airline shares higher, with markets up on...

A400M drags EADS to loss, Airbus reports no new orders in Feb-2010 – Suppliers Share Wrap

March 7, 2010, 10:39 pm

EADS finally has a deal which will salvage its EUR20 billion A400M programme, at the cost of an EBIT and net loss in 2009.