Around the World: May 11, 2020
Some stocks traded on multiple exchanges; not intended for trading purposes.
| Airline Name | Change From Last Week | Change From Last Year | Comments |
|---|---|---|---|
| American | -5% | -70% | Joining with Hyatt hotels to provide thousands of NY health care professionals with free three-night vacations |
| Delta | -6% | -60% | Even as crisis rages, found time to sign "trans-American" joint venture pact with new partner Latam |
| United | -5% | -70% | Has a rather large financial exposure to Avianca, which declared bankruptcy last week |
| Southwest | -7% | -48% | Warren Buffett, at Berkshire annual meeting, compliments Big Four U.S. airline CEOs; says crisis is not their fault |
| Alaska | 0% | -50% | Says federal payroll funds will cover about 70% of its orginally budgeted labor costs through Sept. |
| JetBlue | 1% | -50% | Suspended work on its A320 cabin remodeling, which includes seating densificaiton |
| Hawaiian | 0% | -52% | Notes that its many routes offering just one frequency a day makes it harder to reaccomodate pax when flights are cancelled |
| Spirit | -20% | -79% | Mentions that federal CARES Act includes several provisions of income and excise tax relief |
| Frontier | (not publicly traded) | Indigo Partners founder Willian Franke questions whether low fares can stim. travel while health/safety still a concern | |
| Allegiant | 2% | -47% | Ancillary revenue per passenger was $5.87 in 2004; in 2019 the figure was $56.68 |
| SkyWest | 8% | -51% | Bombardier to complete exit from commercial aerospace this summer; sale of CRJ program to Mitsubishi expected to close June 1 |
| Air Canada | -12% | -52% | Will present at a virtual investor conference hosted by RBC on Thursday |
| WestJet | (not publicly traded) | CEO Ed Sims tells Postmedia that the airline might never again reach its pre-crisis size; wants gov't credit support | |
| Aeromexico | -5% | -52% | Rival Interjet somehow still alive; how long can it last? |
| Volaris | -7% | -40% | Airport group OMA reports 93% y/y drop in April traffic; company's busiest airport is Monterrey |
| LATAM | -20% | -62% | Argentine gov't merging Aerolineas Argentinas with domestic airline Austral; both wholly state owned |
| Gol | -11% | -56% | Has a $300m debt payment due in August; pertains to a loan that was guaranteed by former partner Delta |
| Azul | -22% | -64% | President John Rodgerson meets with Brazilian president Bolsanaro to discuss airline industry recovery support |
| Copa | 2% | -55% | Estimates between one-third and one-half of its Panama markets are also served via Bogota |
| Avianca | -11% | -69% | This isn't the first time it's bankrupt; filed in 2003 as well |
| Emirates | (not publicly traded) | President Tim Clark, speaking to The National, says the A380 is "over;" not a good trend cosnidering how many of them it has | |
| Qatar | (not publicly traded) | By end of June, aim is to serve 80 cities (including 33 in Asia, 23 in Europe, 20 Mideast/Africa, 4 in the Americas) | |
| Etihad | (not publicly traded) | Announces one-way repatriation flights from a dozen cities to Abu Dhabi | |
| Air Arabia | -9% | 1% | According to IATA's count, there are currently more than 16k commercial jets in storage |
| Turkish Airlines | -1% | -15% | Plans to restart flights in June; files flight plans for June, July, August |
| Kenya Airways | 43% | -65% | Coronavirus shutdown in Nairobi sparks protests |
| South Africa Air. | (not publicly traded) | Idled Comair/Kulula, a typcially profitable airline, heading for "business rescue" proceeding, similar to bankruptcy | |
| Ethiopian Airlines | (not publicly traded) | CEO tells Bloomberg it's talking to Mauritius about helping to revive its bankrupt national airline | |
| IndiGo | -7% | -40% | Could score coveted Heathrow slots due to pandemic pulldowns by other carriers |
| Air India | (not publicly traded) | Neighboring Pakistan Int'l Airlines signs distribution deal with Amadeus GDS | |
| SpiceJet | -13% | -69% | Boeing now expecting to resume B737 MAX production this month |
| Lufthansa | -5% | -59% | Plans to start flights to 106 destinations in June |
| Air France/KLM | -9% | -52% | Will retire B747s earlier than expected |
| BA/Iberia (IAG) | -11% | -61% | Willie Walsh's retirement package sparks outrage as BA workers furloughed |
| SAS | -4% | -50% | Notches a 27% load factor in April |
| Alitalia | (not publicly traded) | Italian government injects another €3b in troubled flag carrier | |
| Finnair | -10% | -54% | Nordic rival Icelandair will hold May 22 shareholders meeting as it looks to raise $200m in new funding |
| Virgin Atlantic | (not publicly traded) | Tells pilot it needs job cuts to secure gov't aid and external financing; calls cargo a critical lifeline (Reuters) | |
| easyJet | -6% | -49% | Prime Minister Boris Johnson details "Stay Alert" guidelines to ease restrictions |
| Ryanair | -9% | -12% | Pax volumes fell 99.6% y/y in April; Lauda unit completely grounded |
| Norwegian | -12% | -88% | AerCap, the leasing giant, was among the companies that accepted the carrier's debt-to-equity offer |
| Wizz Air | -4% | -19% | Announces some new routes from London Luton and Vienna this summer, pending relaxation of travel restrictions |
| Aegean | -24% | -46% | Latvian government provides airBaltic with $271m in new capital; increases its ownership stake to 91% |
| Aeroflot | -4% | -23% | Aircraft liveries celebrating anniversary of Russia's victory over Germany in World War II |
| S7 | (not publicly traded) | President Putin expected to hold meeting this week on airline aid | |
| Japan Airlines | -5% | -50% | Hawaii, a big JAL market, welcomed a mere 216 visitors arriving from out of state by air on May 5 (HTA) |
| All Nippon | -4% | -41% | Follows JAL in relaxation dress code for female employees; f/as, ground staff no longer have to wear high heels |
| Korean Air | -3% | -41% | Will open dozens of int'l routes in June, including to Europe and the U.S. |
| Cathay Pacific | -1% | -27% | Looking at deeper cost cutting and downsizing; one idea is ending Cathay Dragon as a separate brand (SCMP) |
| Air China | -8% | -35% | China notches largest 1-day increase in Covid diagnoses since April 28 |
| China Eastern | -3% | -31% | Gradual recovery in China means Chinese carriers have the most ASMs worldwide (TPG) |
| China Southern | -4% | -30% | Air Lease Corp. mentions two B787-9s ready for delivery but Chiense carrier can't come to U.S. right now to get them |
| Singapore Airlines | -28% | -54% | AAPA: Asia-Pacific airline net profits fell 25% even in 2019, before the corona panic; depressed cargo demand a drag last year |
| Malaysia Airlines | (not publicly traded) | Garuda Indonesia gets $382m loan from state-owned bank (Jakarta Post) | |
| AirAsia | -5% | -71% | Won't be taking any new A320 NEOs this year; working with Fly Leasing on timing of sale-leaseback deals |
| Thai Airways | -18% | -51% | Unions say they'll work with government to help save the airline (Bangkok Post) |
| VietJet | 4% | 4% | Vietnam getting high marks for its handling of the Covid crisis; hasn't experienced anything like what happened in Wuhan, Milan, New York, etc. |
| Cebu Pacific | -8% | -45% | Has only 14% of seats sold for the next 5 months; had 28% sold for eqivalent time last year |
| Qantas | -6% | -39% | Still operating about three-quarters of its pre-crisis charter capacity for Australia's natural resource companies |
| Virgin Australia | 0% | -52% | Indigo Partner's Franke, speaking to Reuters, declines to comment on rumored interest in bankrupt Virgin |
| Air New Zealand | -4% | -56% | Urging Kiwis to start flying domestically again when deemed safe, but warns: 2/3 of pre-crisis revenue came from int'l tourism |
| Brent Crude Oil | 17% | -56% | Prices swing wildly, this time in upward direction as producers cut supply and economies relax lockdowns; Brent ends week at $31 a barrel |