UK budget carrier EasyJet has been promoted to the FTSE 100 index in the rebalance following the latest quarterly review to ensure the indices continue to portray an accurate reflection of the market they represent.
Includes: Top 20 World Airports, Top 20 Reporting Airlines, World Airline Traffic, Jet Fuel Price Monitor, US Fuel Cost and Consumption, Aircraft Values, Aircraft Data, US Ontime Performance, US Consumer Complaints, US Mishandled Baggage, Aircraft Deliveries, Airline Traffic by Region, IATA Traffic Growth by Region
Demand for US Export-Import Bank funding is significantly down as airlines are able to find alternative financing solutions, according to a senior Ex-Im Bank executive.
For most of the industry, the cargo side of business continues to be challenging. But Russian carriers are pursuing goals of growing their international freight market share despite a tough business environment and considerable local hurdles.
“Here begins our tale. The empire, long divided, must unite; long united, must divide.”—There is no better description than this famous Chinese saying to summarize the growing trend in which Chinese major carriers are launching local airlines with different local municipal or provincial governments. The trend is known as the “new enclosure movement.”
Over the last 10 years, 37 airlines have been started in Africa and 37 have failed. This was the startling statistic given by FastJet CCO Richard Bodin, speaking at World Route Development Forum in Abu Dhabi.
Although the journey began eight years earlier, in April 2004 when All Nippon Airways (ANA) became launch customer for 50 aircraft, the Boeing 787 Dreamliner’s true starting-block moment came on Oct. 26, 2011. When flight NH 7871 took off from Tokyo Narita bound for Hong Kong, the 787’s entry into commercial service began.
Includes: Top 20 World Airports, Top 20 Reporting Airlines, World Airline Traffic, Jet Fuel Price Monitor, U.S. Fuel Cost and Consumption, US Ontime Performance, US Consumer Complaints, US Mishandled Baggage, Transport Aircraft Deliveries, Aircraft Values, Airline Traffic by Region
When Ian Woodley walked into the offices of BMI Regional as its new CEO earlier this year, a 16-year episode of his life came full circle. Woodley sold the Scotland-based airline he had co-founded, then known as Business Air, to the airline group of which British Midland—BMI—was a major part in 1996.
Few airline markets today are more challenging than Europe. Much of the continent is mired in an economic recession, carriers’ profit margins are wafer-thin and the market shares of some of the region’s largest players are increasingly being eroded by Gulf region competitors.
In the worst-ever performance of any regional market in July, India’s domestic air traffic fell 1.1% compared to a year ago, according to IATA’s monthly traffic report. The figures are in sharp contrast to 2010 and early 2011, when the region was among the fastest growing in the world and enjoyed 20%-plus growth rates.
Low-cost African start-up Fastjet has turned to the UK legal system in a bid to end the ongoing dispute with Five Forty Aviation over rights to use the Fly540 brand.
Cyprus Airways reported a provisional full-year net loss of €55.8 million ($72.7 million) for 2012, more than doubling its €23.9 million loss in the year-ago period.
Scandinavian Airlines (SAS) reported a fiscal first-quarter net loss of SEK630 million ($98.8 million), reversed from a SEK2.5 billion loss in the year-ago period.
Vueling shareholders have been advised by the airline’s management not to accept the takeover offer from International Airlines Group (IAG) because it is undervalues the company.
Fuel hedging has helped ensure airlines for years against revenue-eroding fuel spikes, but fuel price volatility today is prompting some carriers to reevaluate their hedging programs and, in some cases, look elsewhere for savings.
In stark contrast to the air passenger and general airfreight sectors, both famously fractured into a myriad of global companies, the international express cargo delivery business looks more like other modern transnational industries dominated by a handful of mega-players. On a global scale, United Parcel Service (UPS), FedEx, DHL Express and TNT Express are really the only games in town.
