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Magazine Issue

Aviation Daily, July 29, 2014

VOL. 397 NO. 20 July 29, 2014
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Airlines

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Qantas Could Separate Domestic Operations

Jul 29, 2014
Following a landmark decision by the Australian Senate Chamber to allow changes to government restrictions on the ownership of the national flag carrier, Qantas is said to be looking at a potential split of its operations into international and domestic.
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Volaris Posts $6 million 2Q Net Loss; Ancillary Revenue Up 46%

Jul 29, 2014
Mexican low-cost carrier Volaris eased its 2014 losses in the second quarter, reporting a net loss of MXP75 million ($6 million), narrowed from the company’s first-quarter net loss of MXP370 million. The second-quarter net loss, however, is a reversal from the MXP173 million net profit Volaris posted in the year-ago June quarter.
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Restructuring Prompts Royal Jordanian To Close More Routes

Jul 29, 2014
Royal Jordanian (RJ) will further slim down its network as part of its restructuring plan aimed at bringing the airline back to profitability and making operations sustainable in the wake of continuing unrest in the region and cutthroat competition with the larger, better-funded Gulf carriers. The Amman-based airline will pull out of India and stop services to Delhi and Mumbai on Sept. 10 and Oct. 31, respectively. It is also shutting down its route to Lagos, Nigeria, starting Oct. 10. The new cuts will narrow RJ’s global network to 51 destinations.
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Gatwick Yield Pressure Tempers EasyJet’s Seat Revenue Growth

Jul 29, 2014
EasyJet remains confident that building a market-leading position at London’s Gatwick airport provides a platform to deliver growth and sustainable return, but the low-cost carrier’s strong capacity hike at the airport has weighed on its performance for the fiscal quarter that ended June 30.
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Air France-KLM Seeks To Build Transavia Into A Pan-European LCC

Jul 29, 2014
Air France-KLM will begin negotiating with pilot unions in France about changing the scope clause at Transavia to allow more growth and to head off competition from low-cost carriers.
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IATA Calls On Maduro To Repatriate Airline Revenues From Venezuela

Jul 29, 2014
The International Air Transport Association (IATA) has sent its fourth letter to Venezuelan President Nicolas Maduro petitioning airlines to repatriate funds, now estimated to be $4.1 billion, at the original exchange rate. To date, Venezuela has allowed the repatriation of $425 million to airlines, but the country also is offering to allow airlines — and other companies — to repatriate funds at a much lower exchange rate than the 6.3 bolivars to the dollar at which the revenues were accrued.
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Ryanair Dazzles Market And Competitors With Profit Surge And Upgraded Guidance

Jul 29, 2014
More passengers, higher average fares, an improved seat-load factor, higher revenues and a surge in profits marked Ryanair’s performance in the quarter ending June 30 as Europe’s largest low-cost carrier is reaping the benefits of its strategy to improve service levels and focus a large part of its growth on primary airports.

In Brief

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Virgin America Files For IPO

Jul 29, 2014
Privately held Virgin America signaled its intent to go public by filing a registration statement with the U.S. Securities and Exchange Commission (SEC) on July 28 for an initial public offering (IPO) of its stock. The registration statement does not indicate when an IPO would occur nor the price and quantity of shares to be offered, but names Barclays and Deutsche Bank as underwriters for the IPO.

MRO

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ST Aerospace Extends CFM TRUEngine Register

Jul 29, 2014
Singapore-based MRO ST Aerospace (STA) has extended its TRUEngine authorized maintenance, repair and overhaul (MRO) provider license for CFM56 turbofan engines. The agreement should help bolster Singapore’s position in the increasingly competitive regional MRO market. The deal is further indication of Singapore’s commitment to developing itself into a major aviation MRO hub, as indicated by Singapore Economic Development Board Managing Director Yeoh Keat Chuan.

Industry Data

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Airport Profile: Chicago O'Hare (ORD)

Jul 29, 2014
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Top 20 Airports in Latin America and Caribbean 2013

Jul 29, 2014
View the PDF All Flights By Seat Capacity