Around the World
November 9, 2020
A look at the world’s airlines, including end-of-week equity prices.
Around the World: November 9, 2020
| Airline Name | Change From Last Week | Change From Last Year | Comments |
|---|---|---|---|
| American | 2% | -63% | Deploying widebodies on shorthaul routes to the Caribbean, Central/South America (Cranky Flier) |
| Delta | 3% | -46% | CFO Paul Jacobson leaving to take same job at General Motors; will surely still fly Delta a lot given Detroit hub! |
| United | 2% | -63% | Ryanair notes that Boeing pushed production of its B737 MAX 10s back by two years |
| Southwest | 1% | -31% | High-stakes labor talks with unions continue; company wants pay cuts to avoid layoffs |
| Alaska | 1% | -46% | Mexican airport firm GAP cites revival of Southern Calif. tourism to Pacific Mexican beaches; says easy to return home in emergency |
| JetBlue | 3% | -37% | Dominica, a small Caribbean island, planning to build airport capable of handling widebody longhaul flights |
| Hawaiian | 0% | -54% | Japan, a critical source of tourism for Hawaii, now part of program that allows visitors to bypass quarantine with negative Covid test |
| Spirit | 1% | -55% | Ended Q3 with 155 planes, including one A320 NEO received during the period |
| Frontier | (not publicly traded) | Denver airport reestablished regular flights to Europe just last month with Lufthansa Munich link | |
| Allegiant | 2% | -18% | Uncertain when construction on Florida Sunseeker resort will resume; also temporarily closed a nearby golf course it operates |
| SkyWest | 7% | -51% | By the end of 2021, it will be flying 90 CRJ-700s for American, including deal for 20 announced last month |
| Air Canada | 7% | -67% | Air Canada Rouge restarted operations last week; first flight was from Toronto to Cancun |
| WestJet | (not publicly traded) | Reduced quarantine trial now underway in Alberta province, home to Calgary | |
| Aeromexico | -1% | -73% | GAP airport company says its best performing airport last quarter (or least bad anyway) was Tijuana |
| Volaris | 12% | -14% | GAP says Tijuana’s strength due to heavy migrant/family-visit traffic; absorption of San Diego demand |
| LATAM | -8% | -87% | New Brazilian codeshare with rival Azul now followed by another codeshare pact with Aeromexico |
| Gol | 12% | -51% | July ASK capacity was down 79% y/y; Aug down 71%, Sept 60%, Oct 43%; expects Q1, 2021 to be down 24% |
| Azul | 15% | -51% | Continues to receive A330-900 NEOs it rather wouldn’t have until crisis abates |
| Copa | 4% | -52% | Will publish its Q3 results on Nov. 18 |
| Avianca | -10% | -93% | CEO Anko van der Werff tells Routes the airline is fortunate to have access to Chapter 11 bankruptcy process; not available in Europe |
| Emirates | (not publicly traded) | FlyDubai to follow Etihad in launching service from the UAE (Dubai in its case) to Tel Aviv | |
| Qatar | (not publicly traded) | Launches new carbon offset option for passengers; can opt in at time of booking | |
| Etihad | (not publicly traded) | Wizz Air’s new Abu Dhabi venture says Israeli market from UAE “very interesting to us” (Routes) | |
| Air Arabia | -2% | -27% | Launched a new route from Sharjah to Uzbekistan’s capital Tashkent last week |
| Turkish Airlines | 8% | -23% | Current assumption, highly subject to change, is that 2021’s capacity will be 30% to 35% less than in 2019 |
| Kenya Airways | 0% | 21% | Restart of New York JFK route pushed back until the end of this month |
| South Africa Air. | (not publicly traded) | IATA expects African airlines to lose $2b net this year; estimated net loss last year was $300m | |
| Ethiopian Airlines | (not publicly traded) | Cargo division highly active in distributing medical supplies/protective equipment in fight against Covid; ready to ship vaccines | |
| IndiGo | 9% | -5% | CEO Rono Dutta, speaking with IATA Airlines magazine says “more consolidation is inevitable” in Asia |
| Air India | (not publicly traded) | IndiGo, reports Bloomberg, in talks with Pratt and CFM for giant NEO engine order; last year switched from Pratt to CFM | |
| SpiceJet | 2% | -56% | Bloomberg notes how bankrupt Jet Airways oddly seeing big gains in stock price; revival prospects still murky |
| Lufthansa | 1% | -57% | Says 38% of its Frankfurt-Venice passengers are now connecting to or from somewhere else |
| Air France/KLM | 9% | -70% | KLM pilots yield on wage cut demands, sealing gov’t aid package; now talk of nationalizing AF/KL in exchange for equity |
| BA/Iberia (IAG) | 7% | -81% | U.K. lockdown includes ban on outbound tourism; Bloomberg notes jump in private jet activity just before it took effect |
| SAS | -51% | -95% | In October, int’l flights within Europe saw an 88% y/y drop in RPK traffic; domestic traffic dipped 56% |
| Alitalia | (not publicly traded) | Wizz Air says Italian domestic market under pressure amid new internal travel restrictions | |
| Finnair | 1% | -94% | Concludes agreement with Airbus to defer delivery (by about a year) of its final three A350-900s |
| Virgin Atlantic | (not publicly traded) | Adding new route to St. Vincent in the Caribbean; will launch in June from London Heathrow with A330-300s | |
| easyJet | 5% | -60% | IATA calls quarantines a “blunt instrument” to fight Covid; calls again for globally aligned testing regime |
| Ryanair | 13% | -5% | Claims that every time it adds an aircraft, its unit cost gap with Wizz Air grows |
| Norwegian | 6% | -98% | Ryanair, not known for its manners, scoffs that it’s destined to be a “small and largely irrelevant Norwegian domestic airline” |
| Wizz Air | 15% | -7% | Calls itself (arguably without merit) the world’s first ever ultra-low-cost carrier; ever heard of Ryanair? |
| Aegean | 1% | -67% | Most of the 14 regional Greek airports run by Fraport saw y/y Sept. traffic declines between 40% and 50% |
| Aeroflot | 5% | -44% | IATA shows domestic RPK demand in Russia increased almost 3% y/y during Sept., on 7% more ASK capacity |
| S7 | (not publicly traded) | Even amid Russia’s domestic recovery, St. Petersburg airport, run by Fraport, saw total passenger volumes down 29% y/y in Sept. | |
| Japan Airlines | 1% | -46% | Latest move to improve liquidity: selling more shares; eyeing about $1.6b |
| All Nippon | 1% | -39% | New low-cost carrier plan seems to be a competitive response to JAL’s launch of Zip Air |
| Korean Air | 4% | -23% | Earlier this fall, it had to lend almost $1b to keep its U.S. hotel subsidiary from going bust |
| Cathay Pacific | 5% | -46% | Pilot and flight attendant unions still protesting big pay cuts and layoffs but negotiating leverage limited amid demand catastrophe |
| Air China | 3% | -32% | During Sept., according to IATA, domestic RPK demand in mainland China was down 3% y/y, on 2% more ASK capacity |
| China Eastern | 1% | -15% | China temporarily closes borders to foreign visitors from India, Russia, France, Nigeria, etc. as part of Covid precautions |
| China Southern | 3% | -18% | During Oct., Guangzhou airport saw a 15% y/y increase in domestic takeoffs; int’l was still down 73% |
| Singapore Airlines | 3% | -62% | Creating new unit to train other companies (across all industries) in customer service, operations, digitization, etc. |
| Malaysia Airlines | (not publicly traded) | Rival Malindo Air, partly owned by Indonesia’s Lion Air, joins many other airlines around the world in cutting jobs | |
| AirAsia | 1% | -71% | AirAsia X asserts it “will not be intimidated” by Malaysia Airports’ objections to its restructuring plan |
| Thai Airways | 3% | -64% | Follows Qantas in offering scenic “flights to nowhere”; will offer views of important Buddhist sites |
| VietJet | 4% | -26% | Says its core airline business incurred a $40m net loss last quarter; calls that “better than expected” |
| Cebu Pacific | 3% | -58% | Gulf News reports that 50k Filipinos have left Dubai during the Covid pandemic |
| Qantas | 9% | -31% | Updates its agreement with Sabre, which will now showcase airline’s products and fares more dynamically |
| Virgin Australia | 0% | -45% | Qantas getting a lot of press attention for adopting more self-service customer service functions at airports, costing jobs |
| Air New Zealand | 3% | -49% | Running big domestic fare sales to sustain leisure booking momentum; recent school holiday period saw strong demand |
| Brent Crude Oil | 4% | -37% | Oil markets watching virus, U.S. election, economic data for clues about future demand |
Some stocks traded on multiple exchanges; not intended for trading purposes.