Around the World: August 17, 2020
| Airline Name | Change From Last Week | Change From Last Year | Comments |
|---|---|---|---|
| American | 2% | -49% | Extends fee waiver policy for any ticket changes; carriers suspending fees to encourage people to book |
| Delta | 7% | -49% | New York Times article looks at Delta's less-than-happy experience owning an oil refinery |
| United | 5% | -56% | Southwest, a major rival in Denver, opening new Steamboat Spring, Colo. route in Dec.; LCC will also serve it from Dallas Love |
| Southwest | 5% | -28% | Barring a miracle, 2020 will mark the end of its 47-year profit streak, CEO Gary Kelly said at Texas Tribune event |
| Alaska | 3% | -36% | With middle seats still blocked, new buy-one-seat-get-one-free offer gives customers chance to reserve whole row for themselves |
| JetBlue | 7% | -37% | CEO says again, on Bloomberg Television, that London is coming around Q3 next year; no announcement yet on which airport |
| Hawaiian | 3% | -45% | Borrowing money via trust certificates with A330s and A321 NEOs as collateral |
| Spirit | 3% | -53% | Aug. schedules show Panama City, Fla., with the most new seats y/y among U.S. airports; LAX lost the most (Cirium) |
| Frontier | (not publicly traded) | Bloomberg reports Airbus determination to stay on track with A321 XLR development; Frontier among the buyers | |
| Allegiant | 0% | -17% | ASM capacity was down only 10% y/y in July, but pax volumes down 49%; load factor was just 51% |
| SkyWest | 7% | -42% | Rival Mesa estimates that half of its costs are fixed, the other half variable |
| Air Canada | 7% | -60% | Unveils details of revamped Aeroplan program; remains a key lever of future earnings growth |
| WestJet | (not publicly traded) | Will there be the usual migration of Canadians south this winter? Depends on virus | |
| Aeromexico | 16% | -61% | Announces deal to obtain DIP financing to get it through bankruptcy; awaits court approval |
| Volaris | 7% | -12% | Rival VivaAerobus received its first A321 NEO on June 30; ended Q2 with 38 planes |
| LATAM | 1% | -78% | Chilean LCC Sky Airline applying for rights to fly NEOs nonstop to South Florida from Peru's capital Lima |
| Gol | 4% | -49% | Owes $300m to former partner Delta next month, as Reuters reports; could bankrupt carrier if no delay is negotiated |
| Azul | 7% | -56% | Cargo revenues in July rose almost 50% y/y; happy it invested in the cargo business pre-crisis |
| Copa | 8% | -51% | Ended Q2 with 102 planes, including the 14 B737-700s and 14 E190s it's selling; has six MAX 9s |
| Avianca | 0% | -87% | CEO of Indigo-backed Jetsmart tells Reuters he's eager to expand within Peru, maybe within Colombia and Brazil as well |
| Emirates | (not publicly traded) | Playing active role in providing critical supplies to beleaguered Beirut | |
| Qatar | (not publicly traded) | Will resume daily flights to London Gatwick this week using B787s | |
| Etihad | (not publicly traded) | Cut its employee wages by between 25% and 50% | |
| Air Arabia | 1% | -5% | Saudi LCC Flynas joined IATA in February; will help it generate more interline traffic among other benefits |
| Turkish Airlines | 4% | -8% | Not concerned about losing airport slots; says it's bringing back capacity faster than rivals |
| Kenya Airways | 0% | 36% | In Nigeria, startup Green Africa hires former SpiceJet CFO to manage its finances; has 50 A220-300s on order |
| South Africa Air. | (not publicly traded) | Hires advisers to help it find a strategic investor, not an easy task | |
| Ethiopian Airlines | (not publicly traded) | South Africa's Business Day profiles Ethiopian and its success with cargo; incurring heavy losses on pax side though | |
| IndiGo | 21% | -29% | Hoping to raise additional funds via share offering and more sale-leaseback deals |
| Air India | (not publicly traded) | Lots of discussion about the Tata Group agreeing to buy Air India before the end of this year | |
| SpiceJet | 7% | -65% | Rival Go Air loses its CEO as Vinay Dube, who previously ran Jet Airways, resigns |
| Lufthansa | 9% | -37% | Flight attendants vote yes to concession deal; talks with ground workers by contrast not going well |
| Air France/KLM | -1% | -62% | Members of Air France's main pilot union (SNPL) overwhelmingly approve Transavia's domestic expansion |
| BA/Iberia (IAG) | 5% | -54% | Air Europa looking for pilot concessions to avoid bankruptcy amid IAG takeover uncertainty (Expansion) |
| SAS | -2% | -40% | Icelandair announces completion of deals with all creditors, as well as with Boeing over MAX compensation |
| Alitalia | (not publicly traded) | Considering the adoption of B787s, A320 NEOs, A220s as it plans for its post-pandemic revival (Corriere della Sera) | |
| Finnair | -4% | -93% | Cutting back flight frequencies in response to increase in virus cases across Europe; notes popularity of Lapland and Kuusamo in Finland |
| Virgin Atlantic | (not publicly traded) | U.K. economy shows severe decline for Q2, even more so than the rest of Europe | |
| easyJet | -1% | -37% | Successfully executed previously announced sale-leaseback deals on 23 planes |
| Ryanair | 2% | 32% | TUI mentions most Brits with reservations to Spain (now subject to quarantine) are switching to Greece, etc. rather than cancelling |
| Norwegian | -21% | -96% | Still hasn't announced Q2 financial results; scheduled to report Aug. 28 |
| Wizz Air | 5% | 7% | Announces new base at Doncaster, which will be its second U.K. base after London Luton |
| Aegean | -3% | -53% | Greece experiencing significant jump in Covid cases; importing the virus via tourists |
| Aeroflot | 5% | -23% | In July, Pobeda, its LCC, carried even more passengers than its parent |
| S7 | (not publicly traded) | Russia becomes first country to proceed with mass Covid vaccinations, but int'l health officials question how well it was tested | |
| Japan Airlines | 6% | -40% | AirAsia Japan resumed service (which was minimal even before the crisis) on Aug. 1 |
| All Nippon | 4% | -33% | Nikkei reports on ANA’s discussions with banks about borrowing new funds |
| Korean Air | 2% | -15% | Stock price down y/y but by only 15% thanks to cargo-led profits |
| Cathay Pacific | 1% | -44% | HK Express, its low-cost arm, recorded a $101m net loss during H1; grounded all 21 planes in mid-March |
| Air China | 6% | -20% | China's post-Covid economic recovery largely driven by supply side not demand side; production up, consumption down |
| China Eastern | 6% | -6% | Opened seven new domestic routes last month, including one from Covid’s origin city, Wuhan |
| China Southern | 5% | -14% | For Taiwan's EVA Air, local currency typically accounts for 40% of revenue, US$ another 30% or so; yen, yuan, euro also important |
| Singapore Airlines | 9% | -58% | Singapore-Malaysia Reciprocal Green Lane (RGL) limited to just 400 biz travelers per week |
| Malaysia Airlines | (not publicly traded) | Malaysia-Singapore flights, in accordance with RGL, set to recommence this week (Aug 17) | |
| AirAsia | 3% | -64% | Expects to be flying 65% to 70% of its pre-crisis domestic capacity in Malaysia by Q4; 75% to 95% for domestic Thailand |
| Thai Airways | 10% | -58% | Thai AirAsia now flying from Bangkok's main airport (Suvarnabhumi) in addition to its longtime base at Bangkok Don Mueang |
| VietJet | 0% | -24% | Vietnam still considering support package for its airlines; could include tax cuts, airport fee reductions, etc. |
| Cebu Pacific | 7% | -56% | Getting a second all-cargo configured ATR 72 in October |
| Qantas | 11% | -37% | Fiji Airways, of which Qantas owns 46%, has its own restructuring to undertake |
| Virgin Australia | 0% | -46% | Regional carrier REX, looking to fly narrowbodies, eyeing Virgin B737s (AFR) |
| Air New Zealand | -2% | -53% | N.Z. taking care as small cluster of new Covid cases emerges; was for a time Covid free |
| Brent Crude Oil | 2% | -23% | US EIA, on its website, discusses inverse correlation between oil prices and value of U.S. dollar |
Some stocks traded on multiple exchanges; not intended for trading purposes.