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AirAsia and Jetstar, the two biggest low cost airlines in Asia, have set the scene for what offers the promise of a powerful combination in Asia, by announcing their first steps in a non-equity partnership. The party could become even more interesting too, if Malaysia Airlines were to join - perhaps...
VINCI Airports acquired (04-Jan-2010) a 99% stake in the capital of the operating companies of four regional airports in France - Grenoble-Isère, Chambéry-Savoie, Clermont Ferrand-Auvergne and Quimper-Cornouaille airports - following an acquisition of the stakes previously owned by Keolis. VINCI Airports...
Babcock & Brown Air shares leapt 10.1% in trading on Wednesday, breaching the USD10 per share barrier for the first time since Sep-2009. The increase is the largest single day jump since Nov-2009.
The majority of North American carriers fell on Wednesday (06-Jan-2010), softening the impact of strong gains made the day prior. The Dow wavered throughout trading, following reports the US economy lost 84,000 jobs in Dec-2009, which was greater than expected, but the smallest loss in almost 12 months...
Shares in Mexico’s airport operator, Grupo Aeroportuario del Pacifico (GAP) gained 0.8% in trading yesterday after reporting mixed traffic results in Dec-2009.
AirTran Airways set new December records for traffic, capacity and enplaned passengers in Dec-2009, with traffic (RPMs) rising 5.3% on a 8.2% capacity (ASMs) increase, and the number of enplaned passengers up 1.7% to over 1.9 million. Load factors, however, were weaker, down 2.1 ppts to 77.7%.
Nasdaq Stock Market informed Mesa Air Group, a day into a Chapter 11 bankruptcy, it will delist the company and Mesa indicated in a statement it would take no further action. This is the second time the market has delisted Mesa, but Mesa appealed and ultimately regained its listing. Trading in the company...
Shares in British Airways climbed 1.0% yesterday, upon the release of the carrier’s traffic report for Dec-2009.
Japan’s Nikkei Stock Average increased 0.5%, for the third consecutive session and to a 15-month closing high on Wednesday, on positive economic data from the US, in the form of better-than-expected US factory orders.
The bitter Northern Hemisphere winter conditions are providing more than just operational hassles for airlines, as resurgent oil demand has pushed prices firmly back above USD80 per barrel in the first week of trading in 2010, taking jet fuel prices up with it.
The majority of North and South American carriers’ stocks rebounded again on Thursday (07-Jan-2010), as oil prices (-0.6%) fell for the first time in ten days, to USD82.66. The AMEX Airline Index made gains as a result, up 1.5%. Airline stocks were also assisted by a slight gain in the Dow (+0.3).
Boeing has finished 2009 with 142 net orders, the lowest number the manufacturer has received since 1994, when it booked 125 orders. Cancellations have been the cause of much of Boeing’s woes this year. Despite the low year-end orders figure, Boeing’s shares rose 4.1% yesterday, to finish at a 12...
Airline stocks were mixed yesterday with little movement on the European markets. The Paris CAC Index was flat, while the Frankfurt DAX dipped 0.03% and London FTSE 100 added 0.06%.
Scandinavia’s largest LCC, Norwegian Air Shuttle, reported another double-digit yield reduction in Dec-2009, with an estimate of NOK0.55 (EUR 6.72 cents) for Dec-2009, a 17% year-on-year fall. It follows a 20% reduction in Nov-2009, for the sixth month of yield contractions at the carrier since Jun...
Eastern/Central Europe’s largest LCC, Wizz Air, handled 7.8 million passengers in 2009 - a 33% year-on-year increase. The carrier’s expansion efforts during the year, which also saw the LCC open a new base in Prague, take delivery of seven new aircraft (for a total fleet of 27 A320s) and launch...
President Barack Obama deflected critics and declared war on Al Queda outlining security reforms designed to strengthen the shield America needs in “a never ending war.” The security report, coming just 13 days after the Christmas Day bombing attempt by Umar Farouk AbdulMutallab, was called alarming...
Airport share worldwide were mixed yesterday after strong start to 2010. Airports Council International (ACI) reports steady improvements in Nov-2009 traffic, an indication that the industry “remains on track for a rebound".
A month before the Department of Transportation issued its Christmas directive setting out a three-hour limit on delays, US airlines were turning in record-breaking results for on-time operations and for baggage, making it the best report in the 15 years since data has been collected, according to the...
The ink is hardly dry on the Department of Transportation’s three-hour tarmac rule and travel professionals, while still in favor of the rule, are calling its effective date this spring to be postponed by as much as eight months, citing the moves necessary at New York City airports and “ever-shifting...
The US Bankruptcy Court for the Southern District of New York granted numerous motions made the first day of Mesa Air Group’s bankruptcy proceeding, including those requesting it be able to pay employees, suppliers and customers, and taxes as well as continue its obligations to secure business operations...
JAL’s shares tumbled 9.5% yesterday, after the Nikkei reported that the carrier was likely to post a net loss of USD13.3 billion in the current financial year, due to a huge restructuring charge of approximately USD12 billion related to fleet write-downs. The benchmark Nikkei average fell 0.5%.
Worldwide airport passenger demand returned to positive territory in Nov-2009 for the first time since the onset of the global financial crisis. Airports Council International (ACI) reports member airports registered a 4% year-on-year increase in passenger movements, including a 3% rise in international...
AirAsia and Jetstar, the two biggest low cost airlines in Asia, have set the scene for what offers the promise of a powerful combination in Asia, by announcing their first steps in a non-equity partnership. The party could become even more interesting too, if Malaysia Airlines were to join - perhaps...
Shares in Aer Lingus rose 3.9% on Friday, upon the release of the carrier’s traffic report for 2009 and expectations of reporting an operating profit for 2H2009.
All Nippon Airways’ decision to convert its 28 B787-3 orders for B787-8s may have spelled the end of the high-capacity, medium range version of Boeing’s new aircraft. Randy Tinseth, VP Marketing for Boeing Commercial Airplanes, stated that getting B787s “into their hands for earlier delivery was...
The majority of North American carriers’ stocks were down on Friday (08-Jan-2010), while the majority of South American carriers were up with the wider economy. As a result, the AMEX Airline Index dropped 0.2%. Stocks were also dragged down by a rebound in oil prices, up 0.1%, to USD82.75.
GOL’s shares gained 7.1% on Friday, the largest gain in a month, despite Brazil’s Bovespa index dropping for a second day, paring its third straight weekly gain.
Shares in Turkey’s largest airport operator, TAV Holding, soared 8.2% at the end of last week (08-Jan-2010) following a statement by CEO, Sani Sener, that the group expects a 1%-3% increase in revenues to up to EUR640 million in 2009.
Air India, which expects to receive its first infusion of INR20 billion (USD430 million) from the Indian Government ahead of 31-Mar-2010, is entering the initial stages of its challenging restructure, targeted at the rationalisation of its fleet and route network to reduce its cost base and provide...
Japan Airlines (JAL) shares fell a further 11.8% yesterday as investors brace for a probable bankruptcy filing on 19-Jan-2010. JAL’s largest lenders, Mitsubishi UFJ Financial Group, Sumitomo Mitsui Financial Group and Mizuho Financial Group, are reportedly now prepared to proceed with the proposed...
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