Around the World: July 27, 2020
| Airline Name | Change From Last Week | Change From Last Year | Comments |
|---|---|---|---|
| American | -4% | -64% | Latest borrowing initiative collateralized by the rights to its brand and logo |
| Delta | -4% | -58% | Nearly 20% of its workforce has agreed to retire early; will greatly help reduce involuntary furloughs |
| United | -3% | -65% | May load factor was 38%, June was 58%, July expected to be about 45% |
| Southwest | -7% | -42% | Fares and schedules already available thru Travelport GDS; Amadeus soon; still no pact to distribute thru Sabre |
| Alaska | -5% | -45% | Not a forecast but thinks cash bookings can get to 40% to 60% of normal by December |
| JetBlue | -5% | -47% | Largest U.S. airline never involved in a merger |
| Hawaiian | -4% | -51% | Hurricane Hanna headed for Hawaii; another hurricane headed for Texas |
| Spirit | -6% | -61% | Sees potential to grab some airport gates and other facilities in cities where availability was limited pre-crisis |
| Frontier | (not publicly traded) | Spirit, like United said earlier, notes that the average age of its travelers right now is younger; younger also implies lower average incomes | |
| Allegiant | 0% | -25% | American Gaming Assoc. lists Las Vegas strip as nation's top casino/gaming market, followed by Atlantic City, Chicago, Wash/Baltimore |
| SkyWest | -7% | -54% | Washington's fiscal stimulus equivalent to 15% of GDP, notes Blackstone; could go to 20% with new Congressional spending bill |
| Air Canada | -3% | -63% | Air Transat restarts limited operations after long period of dormancy |
| WestJet | (not publicly traded) | Flair Airlines, an LCC, adding several new twice-weekly domestic routes | |
| Aeromexico | 14% | -68% | Will meet lenders in early August to discuss mutually agreeable debt restructuring |
| Volaris | 8% | -42% | Plans to operate about 70% of its normal ASM capacity in August; will have flown just 11%, 37%, and 55% in May, June, July, respectively |
| LATAM | 14% | -83% | Creditors not happy with airline's plan to raise DIP financing from Oaktree Capital (Reuters) |
| Gol | -9% | -51% | O Globo reports on crowded Rio beaches despite restrictions |
| Azul | -6% | -60% | LCC JetSmart given clearance to fly Buenos Aires routes inherited from Norwegian Argentina following takeover |
| Copa | -6% | -56% | China, looking to buy friends and win business in Latin America, pledges $1b loan for region to buy its Covid vaccine |
| Avianca | 1% | -86% | Website oilprice.com profiles Colombia's heavy bet on oil sector which paid off in early 2010s but costly right now |
| Emirates | (not publicly traded) | President Tim Clark, speaking with Business Insider, again denies any interest in merging with Etihad | |
| Qatar | (not publicly traded) | CEO Akbar al Baker speaks with Aviation Week; says demand trends up and down "like a yo-yo" | |
| Etihad | (not publicly traded) | Expands "Deal Fare" product to more markets; discounted fare product for people flying without checked baggage | |
| Air Arabia | -3% | 1% | Middle East/Turkey hoping to attract more Russian tourists as borders reopen |
| Turkish Airlines | -2% | -7% | Turkey, like the U.S., not among countries whose citizens are yet re-allowed to enter EU |
| Kenya Airways | 0% | -10% | TAAG, Angola's national airline, expects to lose nearly $300m this year, according to local media reports |
| South Africa Air. | (not publicly traded) | Still a lot more questions than answers on what a reconstituted SAA will look like, and where it will get its capital | |
| Ethiopian Airlines | (not publicly traded) | Air Madagascar on its own after Reunion-based Air Austral breaks off ownership ties; now fully gov't owned | |
| IndiGo | -4% | -40% | Weighing a plan to raise more debt and equity, Moneycontrol reports |
| Air India | (not publicly traded) | Assuring employees that no one will be laid off despite heavy company losses | |
| SpiceJet | 3% | -65% | Bombardier lawsuit alleges breach of contract for walking away from 20 Q400s it ordered (Hindu Business Line) |
| Lufthansa | -6% | -46% | Boo! New Berlin airport finally scheduled to open on Halloween, Oct. 31; will have three terminals |
| Air France/KLM | -4% | -56% | Anticipation building for its new post-crisis business plan; will include thousands of job cuts |
| BA/Iberia (IAG) | -9% | -55% | Iberia starting to take A321 NEO LRs; will be used to connect Madrid with the Canary Islands this summer |
| SAS | -4% | -44% | Not making some required interest payments amid standoff with bondholders over debt restructuring efforts |
| Alitalia | (not publicly traded) | Hasn't yet presented its new post-bailout business plan, or what its fleet and network will look like | |
| Finnair | -11% | -92% | Rival Icelandair said it suffered Q2 operating loss between $100m and $110m on just $60m in revenues; will report this week |
| Virgin Atlantic | (not publicly traded) | Restarted flying last week; has an all-longhaul, all-international, all-widebody operation | |
| easyJet | -11% | -45% | Adding several new routes to Croatian coastal towns in time to capture some summer demand |
| Ryanair | -3% | 5% | Extends removal of all change fees for another month; now, bookings made in Sept. too can be changed without any fees |
| Norwegian | -17% | -94% | Norway, Poland, and especially Greece among the European countries with the lowest rates of Covid infections |
| Wizz Air | 3% | -8% | Unlike most airlines, and IATA for that matter, Wizz doesn't want governments to extend waivers on airport slot usage |
| Aegean | -4% | -53% | Says Q2 cash burn was "considerably lower" than forecast; flying 40% of capacity this month; 50% next month |
| Aeroflot | 6% | -18% | Pobeda, its up and coming LCC, gets its 31st B737-800; many more coming; supposed to get MAXs too |
| S7 | (not publicly traded) | Russia and Uzbekistan discussing the possibility of jointly launching a new LCC | |
| Japan Airlines | -4% | -45% | Says domestic demand has been increasing since gov't relaxed travel rules on Jun 19; but new Covid wave has bookings for Aug. below forecast |
| All Nippon | -5% | -35% | Boeing likely to delay B777-X production by up to a year, Reuters reports |
| Korean Air | 2% | -33% | Not happening: Jeju Air walks away from plan to invest in dying rival Eastar, which isn't happy about it |
| Cathay Pacific | -8% | -51% | Pushes back delivery dates for A321 NEOs and remaining A350s on order; negotiating to do the same for B777-9s |
| Air China | -1% | -40% | Affiliate Shandong Airlines, based in Jinan, expects to report first half net loss between $164m and $200m |
| China Eastern | 0% | -26% | Stimulating demand with all-you-can fly passes valid for weekend travel through the end of 2020 |
| China Southern | 0% | -26% | U.S.-China tensions going from bad to worse; Washington orders closure of Chinese consulate in Houston |
| Singapore Airlines | -2% | -63% | Raises another $540m through loan securitized by A350-900s and B787-10s |
| Malaysia Airlines | (not publicly traded) | Reuters explains how ASEAN region was huge market for Boeing, Airbus, and lessors pre-crisis; looks like the party's over | |
| AirAsia | -3% | -75% | Seeing "increasingly strong demand;" travel searches on AirAsia.com up sharply since travel restrictions eased |
| Thai Airways | -14% | -70% | Ended 2019 with 103 planes, including motley mix of A380s, B747s, B777s, A350s, B787s, A330s, and A320s (just CEOs) |
| VietJet | -5% | -22% | Vietnam says no new airlines will be permitted before 2022 |
| Cebu Pacific | 0% | -60% | Philippine Airlines, ailing even before the crisis, announces new measures to control costs and conserve cash |
| Qantas | 1% | -37% | Sydney airport says domestic traffic "noticeably increased" in June, versus April and May; momentum stalled however, by new travel restrictions |
| Virgin Australia | 0% | -48% | Company's bondholders still pushing to torpedo sale to Bain; believe they should receive larger portion of what they're owed |
| Air New Zealand | 2% | -52% | CEO Greg Foran spoke at China Business Summit in Auckland last week; hopes int'l markets will reopen before too long |
| Brent Crude Oil | 1% | -31% | All major private-sector oil giants losing money as crisis takes toll on energy demand |
Some stocks traded on multiple exchanges; not intended for trading purposes.