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Boeing received final approval from the Chinese Government confirming a USD19 billion agreement for 200 aircraft. The approval covers orders for B737 and B777 aircraft, to be delivered over three years between 2011 and 2013.
Shares in some of Europe’s biggest full service carriers took a hit on Wednesday, as European markets closed generally lower. The largest fall was recorded by British Airways (-4.2%), followed by its merger partner Iberia (-3.9%), Lufthansa (-3.6%), Air France-KLM Group (-3.5%) and SAS Group (-2.8...
While the airline industry has lurched from 2007's fuel price spike to global recession and, in recovery, back to unpredictable oil prices, there has remained one constant: the teflon nature of Gulf carriers.
After hitting a 12-month high earlier in the week, shares in World Fuel services eased 3.4% yesterday. The company’s shares have risen 38% over the past 12 months.
American Airlines reported a smaller-than-expected 4Q2010 net loss of USD97 million, less that a third of the USD344 million it lost in the same period in 2009. The result includes a one-off USD28 million charge, related to its Colombian routes. Revenue climbed 10.3% to USD5.6 billion.
Indian LCC IndiGo announced it has received official approval to launch international operations to Bangkok, Singapore and Dubai from New Delhi and Mumbai, as well as operating between Muscat with Mumbai. According to the Indian Directorate General of Civil Aviation, IndiGo is now India’s equal second...
Vienna International Airport passenger traffic rose 8.7% year-on-year in 2010, with 19.1 million passengers. Cargo traffic was up 16.5%. The airport expects to increase passenger traffic by 5% and aircraft movements by 2% in 2011.
Shares in Hellenic Duty Free have continued to climb, with the stock posting a 5.4% gain in trading on Wednesday. The stock hit a 52-week high of EUR13.85 per share, before retreating slightly to EUR13.70.
The Centre for Asia Pacific Aviation (CAPA) is pleased to announce it now offers live fleet data on its website at www.centreforaviation.com for some 2500 airlines, as well as comprehensive schedule data for hundreds of carriers. The data is provided to CAPA by internationally renowned sources Ascend...
Skymark Airlines shares ended their upward run, with the company’s stock price dipping 3.8% in trading on Wednesday. Skymark released a downgraded profit forecast for FY2011, but stated it still expects to achieve an operating profit for 3QFY2011, on the back of steady increases in revenue.
Indian aviation, which entered negative territory earlier than other Asian nations and the rest of the world, has also been one of the quickest to recover, with domestic traffic now some 57% above Dec-2008 levels, 30% above Dec-2007 levels and around 49% above Dec-2006 levels.
easyJet warned that first half losses may double in 2011 to between GBP140 million and GBP160 million, compared to a pre-tax loss of GBP78.9 in the previous corresponding period. Reasons include increasing fuel costs, an uncertain economic outlook and the impact of poor weather. easyJet however stated...
Etihad Airways looks certain to make 2011 a milestone year, carrying the positive momentum of 2010 into the new year. The carrier reported revenue over last year grew 29% year-on-year and continued growth in 2011 is expected to see it post a break-even result this year. Profits are forecast for 2012...
Favourable financial results for Southwest is usually not news but a year-end net profit rising from USD99 million in 2009 to USD459 million in 2010 is unlikely to be matched this season.
African airline stocks fell back yesterday, reflecting concerns in global markets about China's rapid pace of GDP growth and the potential it brings for higher interest rates to cool the economy.
European airline stocks fell heavily yesterday, reflecting weakness in wider markets and a profit warning from easyJet.
Southwest Airlines' shares eased 0.3% yesterday as it reported fourth-quarter net profit rose 13% to USD131 million, as it gained market share due to its no-checked-bags fee policy and the economy improved. CEO Gary Kelly stated: "Booking and revenue trends suggest similar year-over-year improvement...
Southwest Airlines CEO Gary Kelly has indicated the carrier would consider acquiring Airbus aircraft for the first time if Boeing does not develop a more fuel-efficient narrowbody jet, according to a report in the Financial Times.
AerCap Holdings this week announced the opening of a representative office in Abu Dhabi, to be led by Simon McLean, previously Chief Operating Officer of Waha Leasing PJSC.
easyJet's shares fell the most in a single day since 2004, tumbling 16.2% as investors fled the stock following a warning from the LCC that first half losses could double from last year.
Australia’s MAp Airports Ltd (MAp) has reported financial highlights for its Sydney Airport subsidiary for 4Q2010 and the full year to 31-Dec-2010. EBITDA rose by 12.1% during the year and the EBITDA margin figure rounded off the year at 82.26%.
Sydney Airport reported full-year profit before interest, tax, depreciation and amortisation of AUD773 million in 2010, a healthy increase from 2009's AUD689.3 million, reflecting rising demand and cost control. Revenue rose 10.5% to AUD943 million.
Airport supplier stocks were mostly lower yesterday, reflecting weaker market sentiment across global markets.
Virgin Blue's shares soared 10% yesterday, as Air New Zealand announced late in trading that it has become a substantial shareholder in Virgin Blue with a 14.9%.
In the third of a four-part series on women in aviation, Airline Leader looks at the contentious issue of quotas for leadership positions and the role of female networks on women's advancement.
The world's love affair with low-cost carriers (LCC) continues to blossom.
The action by American Airlines to remove itself from Orbitz continues to resonate, and has pitted American against the combined might of the GDS providers, as well as raising the ire of other industry constituents.
British Airways issued a statement on Friday that its scheme of arrangement to establish BA Holdco, SA as the holding company of British Airways has now become effective. Ordinary shares in British Airways have been cancelled and new ordinary shares have been issued to BA Holdco. Dealings in British...
Bombardier's shares fell 2.6% on Friday after Raymond James downgraded the stock to "market perform" with target price (unchanged) of CAD6.25, citing a lack of new orders for its CSeries programme and Airbus' success with the Airbus A320neo.
US Airways' shares retreated 4.1% on Friday, while American Airlines dropped 2.4% ahead of a busy week for earnings reports. United Continental, Alaska, US Airways, JetBlue and AirTran are all scheduled to report this week, and shares in each carrier fell on Friday, with the exception of AirTran (+0...
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