Around the World: August 3, 2020
| Airline Name | Change From Last Week | Change From Last Year | Comments |
|---|---|---|---|
| American | -2% | -64% | U.S. GDP suffered catastrophic 33% y/y decline last quarter; cushioned by 40% increase in federal non-defense spending |
| Delta | -4% | -59% | Focused on building more connecting options thru its 4 mid-continent hubs (Atlanta, Detroit, Minneapolis, Salt Lake) |
| United | -5% | -66% | Generated $402m in cargo revenue last quarter, compared to just $130m for American and $108m for Delta |
| Southwest | -2% | -40% | CEO Gary Kelly tells workers he's actively involved in lobbying for a CARES Act 2 to help workers for longer |
| Alaska | -2% | -46% | Seattle Paine Field open again with limited service |
| JetBlue | 0% | -46% | More than halfway done with reconfiguring its A320 fleet; new layout includes more seats but also more amenities |
| Hawaiian | -10% | -54% | Anticipates restarting flights to Japan and Korea before Australia and New Zealand |
| Spirit | -4% | -63% | Warning workers of big layoffs to come; exact number depends on demand trends, take-up of voluntary leave |
| Frontier | (not publicly traded) | Takes delivery of its 100th plane (an A320 NEO); separately withdraws 2017 registration to do IPO | |
| Allegiant | -1% | -25% | Airports could wind up getting more federal aid under some Congressional stimulus proposals |
| SkyWest | -7% | -57% | Former subsidiary ExpressJet getting dropped by United, which is giving its routes to rival Commutair (Reuters) |
| Air Canada | -8% | -67% | Says the biggest impediment to demand revival right now is Canada's quarantine policy |
| WestJet | (not publicly traded) | Air Canada's CEO Rovinescu: "Canada needs to find a way a responsible way to coexist with Covid-19 until there is a vaccine" | |
| Aeromexico | -5% | -68% | Did not hold earnings call for Q2; bankrupt companies typcially don't |
| Volaris | 2% | -35% | Noted in Q2 earnings call that 40% of its routes pre-crisis had no direct air competition; mostly competes against long-distance busses |
| LATAM | 12% | -81% | Different groups competing to provide DIP financing; could have implications on who winds up owning Latam post-bankruptcy |
| Gol | -5% | -56% | Says Sao Paulo-Rio shuttle route accounts for about 10% of total revenue in normal times |
| Azul | -1% | -61% | The Saudi Arabia of lithium? BBC looks at Bolivia's vast supply of the resource, critical for electric car batteries |
| Copa | -7% | -59% | Hoping to finally restart operations in Sept. if government allows, but initially eyeing just 3% of normal capacity (Reuters) |
| Avianca | -13% | -88% | Warned employees that some contracts will not be renewed, due to Covid-related downsizing |
| Emirates | (not publicly traded) | Dubai expected to lose something like 10% of its entire population this year as expats return home (The Economist) | |
| Qatar | (not publicly traded) | U.N. World Tourism Organization says 40% of all destinations worldwide have started relaxing travel restrictions | |
| Etihad | (not publicly traded) | Began requiring passengers to submit negative Covid test results prior to travel. | |
| Air Arabia | 3% | 3% | Rival Royal Air Maroc looking to sell off a large chunk of its assets (ch-aviation) |
| Turkish Airlines | -9% | -14% | Regular Turkey-Russia flights restarted this weekend; airlines hoping to capture a bit of the usual summer tourism demand |
| Kenya Airways | 0% | 10% | Job cuts coming; union lobbying highest levels of government to provide relief |
| South Africa Air. | (not publicly traded) | Rival Comair/Kulula, also bankrupt, hasn't yet filed a rehabilitation plan; deadline to do so extended | |
| Ethiopian Airlines | (not publicly traded) | One of its B777 freighters damaged in Shanghai airport fire | |
| IndiGo | 3% | -37% | Pre-Covid, business traffic accounted for about half its total |
| Air India | (not publicly traded) | International routes to and from India to stay closed through at least the end of this month | |
| SpiceJet | -7% | -67% | More reports that AirAsia negotiating a divestment (to partner Tata Group) of its stake in AirAsia India |
| Lufthansa | -9% | -48% | Belgium finalizes aid package for Brussels Airlines; Lufthansa airlines also got aid from Germany, Switzerland, Austria |
| Air France/KLM | -12% | -63% | Goal: Reduce CO2 emissions per RPK by 50% in 2030, relative to 2005 |
| BA/Iberia (IAG) | -17% | -61% | Aer Lingus filled just 9% of its seats last quarter; BA 28%, Vueling 45%, Iberia 49% |
| SAS | 1% | -41% | Rival Icelandair a 36% shareholder in troubled Cape Verde Airlines; makes some money by leasing it planes |
| Alitalia | (not publicly traded) | Italy's GDP shrank 17% y/y in Q2; France and Spain contracted even more | |
| Finnair | -4% | -92% | Cargo accounted for more than 70% of its Q2 revenue |
| Virgin Atlantic | (not publicly traded) | Now has more than 200 staff dedicated to processing refunds; repeatedly apologizing for processing delays | |
| easyJet | -16% | -49% | German GDP shrank 12% y/y in Q2; during worst quarter of global financial crisis (Q2, 2009), GDP shrank 9% |
| Ryanair | -3% | 9% | Says it doesn't have as large a spread between the pay of its most senior and junior crewmembers, compared to legacy carriers |
| Norwegian | -10% | -94% | Ryanair's pay cuts range from 20% for the highest-paid pilots to just 5% for the lowest-paid flight attendants |
| Wizz Air | -7% | -9% | Recruitment efforts giving extra attention to developing more female pilots |
| Aegean | -9% | -57% | Wizz says it doesn't see labor as a major area of potential cost savings; crews already very efficient and productive |
| Aeroflot | -6% | -23% | Reported Q2 results under Russian accounting standards but not yet under international standards; publishes both each quarter |
| S7 | (not publicly traded) | Ukraine Int'l Airlines has lost $60m since Covid crisis began, according to local reports | |
| Japan Airlines | -10% | -50% | Japan imposing some new restrictions on restaurants and other businesses as Covid cases increase |
| All Nippon | -8% | -41% | LCC Skymark, of which ANA is part owner, Secures new funding to manage thru crisis |
| Korean Air | -5% | -32% | Hyundai Development, which had a pre-crisis deal to invest in Asiana, looks more and more like it will walk away |
| Cathay Pacific | -6% | -53% | Trying to lower labor costs by offering buyout packages to its most senior pilots (SCMP) |
| Air China | 2% | -38% | Airports on Hainan Island, popular with tourists, seeing traffic levels start to surpass their 2019 totals |
| China Eastern | 0% | -25% | Opening new base in Xiamen, home of China Southern ally Xiamen Airlines; city opening new airport in 2023 (Routes) |
| China Southern | -2% | -27% | Latest airline to offer big promotion to fill seats; selling all you can fly passes for about $500, valid for the rest of 2020 |
| Singapore Airlines | -6% | -65% | Can raise another $4.4b, if needed, through issuance of bonds convertible to stock |
| Malaysia Airlines | (not publicly traded) | Announces marketing partnership with China's Trip.com; gives airline's loyalty plan members more access to hotel inventory | |
| AirAsia | -10% | -67% | Singapore Airlines subsidiary Silk Air to "indefinitely" suspend service to the Thai beach resort Koh Samui |
| Thai Airways | -3% | -71% | Airports of Thailand forecasts traffic levels returning to 2019 levels in Oct. 2022; best guess for arrival of vaccine is next July |
| VietJet | -9% | -29% | Younger rival Bamboo Airways signs distribution deal with Amadeus; still plans to fly its B787s to Frankfurt and Prague |
| Cebu Pacific | -2% | -60% | AAPA, which represents Asia-Pacific airlines, criticizes governments for "uncoordinated measures" on reopening borders |
| Qantas | -11% | -43% | Australia's competition regulator permitting Qantas and Virgin to continue their schedule coordination with REX on regional routes |
| Virgin Australia | 0% | -48% | Keeping its headquarters in Brisbane but moving to a different site within the city |
| Air New Zealand | 1% | -51% | Suspends ticket sales to Australia through the end of this month, responding to new Australian travel restrictions |
| Brent Crude Oil | -1% | -33% | Weakening U.S. dollar pushing oil prices upward; investors concerned about U.S. economy, relations with China, upcoming election |
Some stocks traded on multiple exchanges; not intended for trading purposes.