Around the World: July 20, 2020
| Airline Name | Change From Last Week | Change From Last Year | Comments |
|---|---|---|---|
| American | 0% | -64% | Only Hawaiian Airlines has a weaker credit rating among all the U.S. airlines analyzed by Standard & Poor’s |
| Delta | 0% | -56% | Passenger no-show rates on day of travel, typically about 3% per flight on average, now running in high single digits; complicates revenue management |
| United | 4% | -64% | U.S. airline stocks jumped mid-week in response to encouraging vaccine news; tailed off later in the week |
| Southwest | 3% | -34% | After the 2009 financial crisis, it responded by buying AirTran. Will it opt for consolidation once again? JetBlue a good network fit |
| Alaska | 4% | -42% | Originally entered Los Angeles in the late 1980s, after buying a California-based airline called Jet America |
| JetBlue | 2% | -43% | Will overlap with Alaska on almost all of its LAX routes, including JFK, EWR, BOS, SEA, FLL, LAS, SFO, SLC, BZN |
| Hawaiian | 0% | -50% | Air travel to the state of Hawaii was down 94% y/y for week ending July 12 (A4A) |
| Spirit | 0% | -65% | Hasn't issued a single press release since early May; hasn't given any investor updates since shareholders meeting a month ago; reports this week (July 22) |
| Frontier | (not publicly traded) | Still the only airline serving Trenton, an alternative to Newark and Philadelphia for some central NJ/Penn. travelers bound for Florida | |
| Allegiant | 3% | -21% | Home city Las Vegas now seeing big spike in Covid cases; hospitals filling up |
| SkyWest | 1% | -49% | Citigroup, one of America's largest banks, sees four stages of economic recovery: containment, stabilization, normalization, return to growth |
| Air Canada | 5% | -62% | Toronto airports authority to cut almost 30% of its workforce; traffic at Toronto Pearson currently at 1996 levels |
| WestJet | (not publicly traded) | Updates its August schedule; capacity up 10% from July but down 75% from last August | |
| Aeromexico | -3% | -73% | Mexico the first Latin country to extend full airport slot waivers for upcoming winter season; use or lose rule suspended (IATA) |
| Volaris | -2% | -41% | CEO Enrique Beltranena, speaking with El Financero, explains how carrier has avoided bankruptcy fate of other Latin carriers |
| LATAM | -9% | -85% | JetSmart, the LCC owned by Indigo Partners, making moves; looking to enter the Peruvian domestic market |
| Gol | 0% | -46% | Brazilian president Bolsonaro, sometimes called the Tropical Trump, blames lockdowns for hurting economy |
| Azul | -1% | -56% | David Neeleman's exit from TAP Air Portugal will not impact joint venture agreement between Azul and TAP |
| Copa | -3% | -53% | In Colombia, airlines currently not allowed to operate domestically but bus companies are |
| Avianca | 0% | -88% | Colombia delaying upgrade project for Bogota's airport, Bloomberg reports |
| Emirates | (not publicly traded) | From The Economist: "More than 2.5m Egyptians, equal to almost 3% of that country’s population, work in Arab countries that export a lot of oil." | |
| Qatar | (not publicly traded) | In interview with Bloomberg, CEO Akbar al Baker discusses gov't aid, job cuts, aircraft orders, investment in Cathay Pacific | |
| Etihad | (not publicly traded) | Saudi Arabia stands to lose an estimated $8b in revenue from its decision to restrict entry for most religious pilgrims (WSJ) | |
| Air Arabia | 0% | 7% | Rival Royal Air Maroc, as condition for government aid, must cut 30% of its fleet and 30% of its workforce |
| Turkish Airlines | 1% | -8% | Filled 67% of its seats in June, but only carried 1m people; last June, it carried almost 7m people |
| Kenya Airways | 0% | -22% | Restarted domestic flights last week, starting with Nairobi to Mombasa and Kisumu |
| South Africa Air. | (not publicly traded) | Key goal for government, as it relaunches airline, is to "attract and empower more black pilots" | |
| Ethiopian Airlines | (not publicly traded) | New Grand Ethiopia Renaissance Dam causing tensions between Ethiopia and Egypt, the latter concerned about impact on access to Nile River water | |
| IndiGo | -3% | -32% | CEO Rono Dutta speaks with Business World about recovery efforts; seeing charter demand from firms/small groups looking to minimize crowds |
| Air India | (not publicly traded) | Says financial situation "very challenging," LiveMint reports; instituting leave without pay policy | |
| SpiceJet | -2% | -65% | Still hasn't published results for the calendar first quarter (Jan-Mar) |
| Lufthansa | 1% | -42% | France's Corsair, partly divested by TUI, tells Routes it might start longhaul flights from Germany; also interested in France-Africa subject to flight rights |
| Air France/KLM | 3% | -53% | Believe it or not, KLM alone serves 17 airports in the U.K.; country a crucial market for its Amsterdam hub |
| BA/Iberia (IAG) | 3% | -51% | Most of Latin America excluded from E.U. list of countries whose citizens are now welcome; ban badly hurting Iberia |
| SAS | 3% | -39% | Will publish its July traffic figures on Aug. 7 |
| Alitalia | (not publicly traded) | New York and Boston routes now back in operation | |
| Finnair | -2% | -91% | Hopeful statement on its website: "The World is Opening Up Again" |
| Virgin Atlantic | (not publicly traded) | Increasing frequencies to Tel Aviv next year; targets Israeli sixth-freedom traffic to/from North America | |
| easyJet | 0% | -40% | Shareholders approve plan to raise money by selling more shares |
| Ryanair | 7% | 12% | Jet2 returned to the skies last week; hoping to salvage some of the peak summer season |
| Norwegian | 12% | -93% | Suing Boeing for financial damage done by MAX delays, B787 engine issues |
| Wizz Air | 2% | -8% | Announces more new routes, including Dortmund-Mykonos |
| Aegean | 4% | -50% | E.U. doing a bi-weekly review of its travel policy but individual countries largely doing their own thing |
| Aeroflot | 2% | -23% | Says traffic growth in Russia has grown 9% to 10% in recent years; global average 6%, European average less than 5% |
| S7 | (not publicly traded) | Busiest market outside of Moscow is Novosibirsk in its home region of Siberia | |
| Japan Airlines | 4% | -43% | Crews working for Zip Air, JAL's new LCC, training on cargo flights before passenger service gets underway (Japan News) |
| All Nippon | 6% | -32% | Tokyo Olympics was supposed to start this week; postponed until next summer due to Covid |
| Korean Air | 9% | -37% | Jeju Air's planned takeover of Eastar still held up; latter would likely go bankrupt if deal falls apart |
| Cathay Pacific | -11% | -50% | Hong Kong experiencing new wave of Covid infections; re-closing many businesses; many new cases of unknown origin so hard to do contact tracing |
| Air China | -2% | -41% | China and France in spat over reciprocal flight rights; Air France for one eventually gets extra weekly frequency to Shanghai |
| China Eastern | -5% | -27% | China says economy grew 3% y/y in Q2 after shrinking 7% in Q1 |
| China Southern | -4% | -29% | Debuts its new China-built ARJ21s from Guangzhou to nearby Jieyang near Shantou |
| Singapore Airlines | -3% | -62% | Equity stake in Virgin Australia is gone but joint venture will probably remain |
| Malaysia Airlines | (not publicly traded) | Domestic traffic in Malaysia began improving substantially after June 10, when internal travel restrictions were relaxed | |
| AirAsia | -6% | -74% | AirAsia X hasn't yet reported its Q1 results; must do so before the end of July |
| Thai Airways | -8% | -66% | Intends to submit a rehabilitation plan to the bankruptcy court on August 17 |
| VietJet | 1% | -16% | Vietnam Airlines reportedly seeking gov't aid as liquidity starts to run low |
| Cebu Pacific | -7% | -60% | Still routing some int'l Manila flights to Clark or Cebu; Manila has limited Covid testing capabilities; all arrivals must take test, quarantine until results come back |
| Qantas | 3% | -36% | Says new state border restrictions after Victoria outbreak "not expected to have a materially adverse impact" on 3-year recovery plan |
| Virgin Australia | 0% | -49% | New Brisbane airport runway now in operation; Virgin operated first takeoff with route to Cairns |
| Air New Zealand | -3% | -53% | Auckland airport says May traffic volumes fell 95% y/y |
| Brent Crude Oil | 0% | -30% | In May, U.S. airlines cut their jet fuel consumption by two-thirds y/y (A4A) |
Some stocks traded on multiple exchanges; not intended for trading purposes.