Around the World: March 9, 2020
| Airline Name | Change From Last Week | Change From Last Year | Comments |
|---|---|---|---|
| American | -16.2% | -51.3% | Investing $550m over seven years in its Tulsa maintenance base, its largest maintenance base overall |
| Delta | -0.5% | -7.7% | Major U.S. carriers presenting at a JPMorgan conference this week; watch for updates on demand declines |
| United | -15.4% | -38.2% | Says it's been preparing for a crisis like this for 10 years now; balance sheet, liquidity built to withstand heavy winds |
| Southwest | -1.0% | -13.8% | Will have no fewer than nine B737 MAX simulators by April; says it only hires captain-qualified pilots |
| Alaska | -10.4% | -19.0% | Intra-California expansion: going double daily on San Diego-Monterey MRY E175 route |
| JetBlue | -12.0% | -15.5% | Amtrak appoints new CEO to replace former Delta chief Richard Anderson, who finishes three-year term this year |
| Hawaiian | -15.6% | -32.7% | Cancelling flights to Japan, a critical market; has no current network exposure to China |
| Spirit | -20.8% | -57.7% | New $2.2b Orlando MCO airport terminal scheduled to open in 2021 |
| Frontier | (not publicly traded) | Opening new crew bases at Newark and Miami airports; growing a lot from both places | |
| Allegiant | -10.2% | -6.1% | Austin cancels South by Southwest festival due to virus scare |
| SkyWest | -10.1% | -19.6% | Rival TransStates, which is shutting down, also laying people off at its Compass unit |
| Air Canada | -3.2% | 1.2% | CEO Calin Rovinescu, at U.S. Chamber of Commerce event, says carrier paying pensions to nearly 40,000 retired workers |
| WestJet | (not publicly traded) | Hong Kong's Cathay Pacific, triple slammed by trade war, street protests, and coronavirus, closing its Vancouver crew base | |
| Aeromexico | -3.0% | -40.5% | The big question: Can Interjet survive? Reportedly owes government lots of money |
| Volaris | -12.0% | 5.4% | Feb. RPM demand up a bullish 21% y/y on just 16% more ASMs; says domestic, U.S., central Amer. loads strong |
| LATAM | -2.6% | -27.9% | Will complete project upgrading interiors of 170 planes this year |
| Gol | -17.8% | -20.3% | In Argentina, Indigo-backed Jetsmart gets access to Buenos Aires Aeroparque via takeover of Norwegian |
| Azul | -13.0% | 5.4% | Bolivia's airline (BOA) reportedly suffering heavy losses, ops woes; competes with private-sector airline Amazonas |
| Copa | -6.4% | -8.1% | CEO appears on Spanish-language CNN to discuss coronavirus, MAX woes, airline's strong punctuality record, etc. |
| Avianca | -19.2% | -24.5% | Rival LCC Viva Air to jump on the Cartagena-Miami route that Avianca abandoned |
| Emirates | (not publicly traded) | Prominently advertising "zero change fees on all flights" policy on its website | |
| Qatar Airways | (not publicly traded) | Gulf carriers among the few foreign airlines ex-East Asia still currently flying to China; others: Aeroflot, Turkish, Ethiopian, etc. | |
| Etihad | Says 2019 financial results exceeded its internal plan but still has more work to do | ||
| Air Arabia | -11.4% | 32.8% | Sharjah airport welcomed record 14m pax in 2019; undertaking $400m expansion |
| Turkish Airlines | -5.2% | -21.0% | AnadoluJet plans to increase capacity 22% this year with its new int'l strategy; Covid-19 perhaps will lead to a rethink |
| Kenya Airways | -5.9% | -65.8% | Takes $49m government loan for E190 engine maintenance |
| South Africa Air. | (not publicly traded) | Mango, its LCC, ending service to Jo'burg's alternative Lanseria airport; flies there from Cape Town, Durban, Zanzibar | |
| Ethiopian Airlines | (not publicly traded) | IATA says Ethiopian air traffic will grow from 7m in 2017 to 24m in 2037 | |
| IndiGo | -9.5% | -4.2% | Doesn't have a frequent flier plan but does have a co-branded credit card in which users can obtain loyalty points |
| Air India | (not publicly traded) | Government in process of answering questions from interested bidders | |
| SpiceJet | -24.1% | -25.1% | Only 30 Covid-19 cases (and zero deaths) reported in India as of March 6 |
| Lufthansa | -2.2% | -48.7% | Flew more than 145m passengers in 2019, including those flying Swiss, Austrian, Brussels, Eurowings |
| Air France/KLM | -17.4% | -47.1% | Ryanair, speaking to De Telegraaf, says it wants to fly to Amsterdam's Lelystad airport if and when it ever opens |
| BA/Iberia (IAG) | -8.6% | -24.6% | CEO Willie Walsh says IAG paid more than $1b in air passenger duty (APD) last year |
| SAS | -6.3% | -59.1% | Said Covid-19 had "limited impact" in Feb. but forward demand weakening |
| Alitalia | (not publicly traded) | IATA notes 50% rate of no-shows for passengers booked on flights to Italy last week | |
| Finnair | -10.3% | -47.9% | Carried 15% fewer passengers on Asian flights, y/y; Asia load factors down six points |
| Virgin Atlantic | (not publicly traded) | Was supposed to launch Heathrow-Sao Paulo flight later this month; will start in October instead | |
| easyJet | -9.1% | -19.6% | Canary Islands says Covid crisis causing more damage to tourism than Thomas Cook collapse (Preferente) |
| Ryanair | -7.4% | -10.8% | Launching special "rescue fares" for stranded Flybe customers |
| Norwegian | -35.4% | -80.8% | Cut ASK capacity 22% y/y, leading to 15% increase in unit revenues; cuts are part of restructuring, not Covid response |
| Wizz Air | 1.1% | 8.3% | Finalizes deal with Abu Dhabi for new LCCs; will launch this fall |
| Aegean | -11.1% | -30.3% | Volotea, which has an Athens base, has its busiest base in Nantes (based on seats scheduled, per Cirium) |
| Aeroflot | -8.5% | -13.3% | Still flying to Iran's capital Tehran but just once a week; also still flying to China and Korea |
| S7 | (not publicly traded) | Kazakhstan's Air Astana receives 2nd A321 NEO LR (on lease from ALC); uses LRs for London, Paris, Moscow, Istanbul | |
| Japan Airlines | -5.8% | -36.8% | Japan hoping virus doesn't force it to cancel this summer's Olympics in Tokyo |
| All Nippon | -0.9% | -28.6% | Summary of new Haneda opening: 50 new flights (25 for Japan's carriers, 25 for foreign carriers); 12 of 25 for U.S. carriers |
| Korean Air | 6.7% | -33.5% | Seoul Incheon saw monstrous 41% y/y drop in pax volumes last month; Jeju airport volumes down 43% |
| Cathay Pacific | -0.9% | -24.9% | Will present its 2019 financial results on Wed.; mgt could provide clues on whether demand now recovering |
| Air China | -1.1% | -26.4% | Chinese carriers putting foreign pilots on indefinite unpaid leave during Covid crisis |
| China Eastern | 4.0% | -22.2% | HNA Group will not be taken over by national gov't; an "authoritative source" tells Yicai Global |
| China Southern | 4.5% | -29.5% | Taiwan's ambitious new airline Starlux, facing demand shock in its infancy, signs GDS deal with Sabre |
| Singapore Airlines | -0.5% | -19.0% | Indonesia's Garuda seeing demand and revenues plummet just as big debt payments come due (Bloomberg) |
| Malaysia Airlines | (not publicly traded) | Signs multi-year distribution agreement with Travelport, one of the Big Three GDSs | |
| AirAsia | 5.0% | -62.5% | Penang airport, operating at capacity, moving ahead with expansion plans |
| Thai Airways | 20.5% | -63.8% | Cargo revenues fell a massive 24% y/y last quarter |
| VietJet | -1.1% | -0.4% | Rival Bamboo Airways, taking a chance on longhaul, starting new flights to Munich in July using its B787-9s |
| Cebu Pacific | -3.1% | -12.4% | After resuming Taiwan flights in mid-Feb after early Covid scare, Filipino carriers again cancelling flights amid renewed fears |
| Qantas | -15.7% | -17.8% | Website provides anonymous info on 3 pax who tested positive for Covid-19; i.e. pax in row 5, on Sing.-Sydney, Feb. 27 |
| Virgin Australia | -17.1% | -56.5% | Former CEO John Borghetti appointed to board of Brisbane's airport |
| Air New Zealand | -9.3% | -18.6% | Says its latest inflight safety video, produced with NZ's conservation department, viewed more than 27m times online |
| Brent Crude Oil | -8.9% | -31.4% | Energy market in crisis; OPEC and Russia fail to reach agreement on supply cut; Saudi Arabia increases supply to hurt rivals |
Some stocks traded on multiple exchanges; not intended for trading purposes