Around the World: June 1, 2020
| Airline Name | Change From Last Week | Change From Last Year | Comments |
|---|---|---|---|
| American | 8% | -63% | Says it's "not the right time" to try to negotiate a new long-term contract with pilots; current contract became amendable on Jan. 1 |
| Delta | 11% | -53% | Extends change-fee waiver policy for new bookings through the end of June |
| United | 10% | -65% | Recent failure to sell bonds backed by old planes a case of bad timing? Hit market the same day W. Buffett sold his airline holdings |
| Southwest | 11% | -35% | New York Times refers to Elon Musk's SpaceX as "the Southwest of the rocket business" |
| Alaska | 10% | -42% | Sabre, which runs the largest GDS in the U.S. market, says bookings remain severely depressed; GDSs depend heavily on biz traffic |
| JetBlue | 9% | -41% | 60% of employees have taken voluntary leave; hopes to shrink the airline this fall with further voluntary payroll reductions |
| Hawaiian | 8% | -43% | Estimates its 36 unencumbered aircraft are worth an estimated $800m |
| Spirit | 27% | -72% | Southern Airways Express to offer 8-pax seaplane service between Manhattan and Long Island; operated by Tailwind Air |
| Frontier | (not publicly traded) | Orlando airport scaling back expansion plans in wake of Covid demand shock | |
| Allegiant | 22% | -25% | Has its CARES Act loan application in; qualifies for $276m if it wants it; has until end of September to decide |
| SkyWest | 14% | -46% | Began Q2 with firm orders for 26 E175s, all due to arrive before the end of 2021 |
| Air Canada | -5% | -61% | EU competition regulators announce review of its Transat takeover; Air Canada/Rouge and Air Transat compete across the Atlantic |
| WestJet | (not publicly traded) | Latest update on Toronto's Porter Airlines: will stay grounded until late July | |
| Aeromexico | -7% | -64% | Operated its longest-ever flight last week, connecting Mexico City with Shenzhen in China to ferry medical equipment |
| Volaris | 3% | -37% | Parent Indigo Partners should find out this week if selected for final round of bidding to buy bankrupt Virgin Australia |
| LATAM | -59% | -85% | Realized $14m in fuel hedge losses last quarter; lost $9m on fuel hedges in last year's Q1 |
| Gol | -2% | -55% | ABEAR, the trade group representing Brazilian airlines, says aviation contributes about 3% of the country's GDP |
| Azul | -4% | -63% | Partner TAP Air Portugal appears poised to get gov't help but hasn't come yet |
| Copa | 6% | -52% | Latin America now a Covid hotspot; Brazil, Mexico, Peru, Chile among countries seeing jump in new cases |
| Avianca | 228% | -94% | Initially rejected leases on 14 planes; later reduced that to 12 planes |
| Emirates | (not publicly traded) | Bank of America analysis says Dubai's economy could contract by almost 6% this year | |
| Qatar | (not publicly traded) | Like Delta, it will likely lose its entire equity investment in Latam; doubling down with DIP loan | |
| Etihad | (not publicly traded) | Jet Airways, the defunct Indian airline that Etihad partly owned, reportedly received five bids to buy it out of bankruptcy | |
| Air Arabia | 5% | 5% | In Turkey, VAT tax for air transportation was lowered from 18% to 1% to help carriers recover |
| Turkish Airlines | 12% | 4% | CEO İlker Aycı speaks to Hurriyet about concerns he has with government-imposed fare caps |
| Kenya Airways | -30% | -36% | AFP profiles the Covid-era trials of a small Senegalese carrier called Transair |
| South Africa Air. | (not publicly traded) | Bankruptcy administrators still trying to come up with plan to resurrect the airline | |
| Ethiopian Airlines | (not publicly traded) | Congo Airways upgrades December E175-E1 order to E190-E2s; two firm and purchase rights for two more | |
| IndiGo | -1% | -41% | Currently filling less than half of its seats, reports the Economic Times, citing a company executive |
| Air India | (not publicly traded) | Vistara operated its first B787-9 last week, from Delhi to Kolkata; obviously intended for intercontinental routes when market opens | |
| SpiceJet | -2% | -69% | Hasn't yet reported its calendar Q1 results; neither has IndiGo, the country's other publicly traded airline |
| Lufthansa | 13% | -48% | European Union proposes controversial $820m fiscal stimulus plan |
| Air France/KLM | 13% | -48% | KLM has flexibility to downsize its A330 fleet in the event demand takes longer than expected to recover; will rely on B777s, B787s |
| BA/Iberia (IAG) | 20% | -50% | Still pushing NDC distribution; adding some fares for longhaul flights that it won't sell via old style-GDS arrangements (The Beat) |
| SAS | 7% | -27% | Says base wages are competitive but needs more flexibility on work rules, seasonality |
| Alitalia | (not publicly traded) | Il Sole 24 Ore estimates that Italy has spent nearly €13b rescuing Alitalia over the last half century | |
| Finnair | 9% | -46% | Almost 90% of surveyed loyalty plan members said they're expecting to fly at least once in the coming year |
| Virgin Atlantic | (not publicly traded) | Still no deal on new funding; bankruptcy filing a possibility if efforts don't succeed | |
| easyJet | 22% | -23% | Spain to open its tourism sector July 1; follows Italy, Cyprus, Greece, and Portugal |
| Ryanair | 4% | 7% | "Laudamotion will be the last airline we’ll ever acquire.” -Ryanair CEO Michael O’Leary in an interview with Bloomberg News |
| Norwegian | 27% | -88% | The leasing giant AerCap, now one of its big shareholders, postponing delivery of another 37 planes originally coming in 2021 and 2022 |
| Wizz Air | 9% | 4% | Romania, a key market, will open to visitors from the U.K., Germany, France, etc. on June 15; Poland opens June 6 |
| Aegean | -3% | -50% | Greece moving quickly to reopen tourism, a pillar of its economy; Aegean seeking gov't subsidized bank loans |
| Aeroflot | 7% | -14% | Cyprus opening to foreign tourists next week but not Russians (or Britons, residents of another Covid hotspot) |
| S7 | (not publicly traded) | Moscow encouraging Russians to vacation domestically this summer; bookings recovering (Moscow Times) | |
| Japan Airlines | 12% | -39% | StarLux, the new Taiwanese carrier, aiming to launch flights to Okinawa in July |
| All Nippon | 8% | -29% | Will borrow more than $3b from government-backed development bank |
| Korean Air | 6% | -35% | Still looking to raise more capital with lots of debt payments coming due soon |
| Cathay Pacific | -3% | -31% | China, reports Reuters, obstructing Cathay's plan to phase out Dragonair brand |
| Air China | 0% | -36% | China starting to consider re-opening more international flights; risk is importing new Covid cases from abroad |
| China Eastern | 2% | -32% | China was only allowing 134 international flight arrivals per week until this week; will now be 407 (Reuters) |
| China Southern | 0% | -30% | Opened a new domestic route between Urumqi and Chongqing last week |
| Singapore Airlines | 5% | -58% | According to The Edge, its calendar Q1 loss was just the airline's sixth quarterly loss sever, dating back to its origin in 1972 |
| Malaysia Airlines | (not publicly traded) | Association of Asia-Pacific Airlines sees some optimism in region's restoration of domestic flights but warns of uncoordinated gov't policies | |
| AirAsia | -8% | -74% | Ishka, a consultancy, asks whether AirAsia X and its longhaul business model can survive the crisis; was struggling even pre-crisis |
| Thai Airways | -16% | -60% | Nikkei Asian Review looks back at why Thai Airways wound up in bankruptcy; politics, labor tensions, poor morale, fleet complexity, etc. |
| VietJet | -1% | -9% | Reports in Vietnam of Vietnam Airlines perhaps considering more aircraft orders to take advantage of lower prices |
| Cebu Pacific | 2% | -59% | Domestic flights to resume this week; international remains dormant |
| Qantas | 11% | -28% | Fiji Airways announces major job cuts; Qantas owns almost half of the company |
| Virgin Australia | 0% | -51% | Liquidity still a concern while it navigates through bankruptcy; could run out of cash before finalizing sale |
| Air New Zealand | 10% | -48% | Has operated at about 5% of total capacity for more than seven weeks |
| Brent Crude Oil | 6% | -44% | Brent oil price now around $38 a barrel, still way down y/y but up from $19 in late April |
Some stocks traded on multiple exchanges; not intended for trading purposes.