Around the World: October 12, 2020
| Airline Name | Change From Last Week | Change From Last Year | Comments |
|---|---|---|---|
| American | 2% | -51% | Appoints former Northwest CEO Doug Steenland to its board of directors |
| Delta | 3% | -39% | Breeze, based in Delta's hub city Salt Lake, now has $100m in startup funding; will fly in U.S. east initially |
| United | 3% | -57% | Will restart key San Francisco-Shanghai route later this month, four times weekly with B777-300ERs |
| Southwest | 3% | -26% | Seats and fares now bookable in Amadeus GDS; already in Travelport's GDSs but never did strike deal with Sabre |
| Alaska | 3% | -40% | Retiring 10 wholly-owned A320s earlier than planned; still deciding whether to move to an all-Boeing fleet |
| JetBlue | 8% | -24% | FAA extends waiver of slot usage rules for Washington Reagan, NY LGA, and NY JFK |
| Hawaiian | 2% | -50% | TSA airport traffic was down 67% y/y in September; decline was 70% in August |
| Spirit | 3% | -49% | Generated $64m in cash last year from subscriptions to its $9 Fare Club loyalty program |
| Frontier | (not publicly traded) | Offering $19 one-way base fares but only to members of its Discount Den Club | |
| Allegiant | 4% | -16% | Sept. traffic report cites steady improvement in bookings; saw strength in "back half" of Q3 |
| SkyWest | 0% | -42% | Mesa Air's new B737-400 cargo operation with DHL now underway |
| Air Canada | 3% | -63% | New U.S. startup Global X, hoping to launch Jetlines in Canada, to start taking first planes (A320/21s) in Nov. |
| WestJet | (not publicly traded) | What to do with those big and expensive B787s? Flying some domestically between Toronto and Vancouver | |
| Aeromexico | -1% | -68% | Though RPK demand was down 71% y/y in Sept., domestic RPKs alone were down only 28% (on 25% fewer ASKs) |
| Volaris | 2% | -18% | Airlines cancel flights to Cancun and Cozumel as Hurricane Delta threatened coast |
| LATAM | 0% | -85% | Wants to use the crisis to get its Brazilian labor costs competitive with those at Gol and Azul (Reportur) |
| Gol | 10% | -42% | Tourism firm CVC cites nice recovery in domestic Brazilian travel; Argentina much worse |
| Azul | 4% | -49% | Aerolineas Argentinas reaches pilot agreement to facilitate merger with subsidiary Austral |
| Copa | 6% | -46% | Reopening some more service to Colombia as flight restrictions ease; travel restrictions though, remain stringent |
| Avianca | 1% | -88% | Bankruptcy court in New York grants it access to new DIP loan funds; United among the lenders |
| Emirates | (not publicly traded) | Wall Street Journal discusses how crisis is hitting Emirates, and by extension the entire travel-dependent Dubai economy | |
| Qatar | (not publicly traded) | Says it's carried 220k Americans home since the start of the crisis, via scheduled and charter flights | |
| Etihad | (not publicly traded) | Offering Abu Dhabi-based customers free PCR Covid tests with each ticket booked; applies to all routes except China | |
| Air Arabia | -4% | -17% | Offering free Covid insurance for travelers from Sharjah and Abu Dhabi; covers all medical and quarantine costs |
| Turkish Airlines | 1% | -8% | Has thus far avoided mass layoffs but might need more gov't support |
| Kenya Airways | 0% | 42% | Intends to restart its high-profile New York JFK flights from Nairobi later this month |
| South Africa Air. | (not publicly traded) | Future of airline being shaped in the context of extremely difficult fiscal situation for South Africa's government | |
| Ethiopian Airlines | (not publicly traded) | No further updates for now on its interest in aiding South African Airways | |
| IndiGo | 8% | -24% | Zurich airport wins contract to build and develop new airport for Delhi |
| Air India | (not publicly traded) | Pakistan's gov't looking to relieve its national airline (PIA) of huge debts | |
| SpiceJet | -1% | -57% | Jet Airways, still trying to find a buyer, denies reports of investment by team of London and UAE investors |
| Lufthansa | 13% | -43% | Introducing new "continuous pricing" system designed to better match supply and demand |
| Air France/KLM | 11% | -68% | 2m of its Flying Blue loyalty members are based in the Netherlands and Belgium |
| BA/Iberia (IAG) | 13% | -77% | British Airways' B747s retired for good last week; served the airline well for decades |
| SAS | -5% | -79% | Operated about 60% of its domestic schedule in September but RPK demand dropped almost 60% |
| Alitalia | (not publicly traded) | Gov't signs off on creating new Alitalia with the assets of the current Alitalia | |
| Finnair | 2% | -94% | Cuts back on winter schedule; hoping for better when spring arrives; eyeing summer 2021 launch for new route to Busan |
| Virgin Atlantic | (not publicly traded) | London Heathrow airport argues case for third runway before U.K. Supreme Court; environmental groups trying to stop it | |
| easyJet | 5% | -54% | Adjusting flight schedules with two-to-four-week lead time; changes typically occur much farther out |
| Ryanair | 10% | 11% | Hurling verbal abuse at Irish tourism minister for not enacting reforms to travel restrictions |
| Norwegian | -30% | -98% | Still largely grounded: Sept. ASK capacity down 93%, RPK traffic down 96% |
| Wizz Air | 3% | -10% | Does sale-leaseback deal on six more A321 NEOs with China Development Bank's leasing unit |
| Aegean | 5% | -62% | Zurich airport reports a 77% y/y drop in pax volumes |
| Aeroflot | -13% | -40% | After steadily strengthening in Q2, Russian ruble now trading around its lowest level versus U.S. dollar in years |
| S7 | (not publicly traded) | Ukraine International Airlines expects to lose $60m this year, reports Ukrainian News Agency | |
| Japan Airlines | 2% | -38% | Using some surplus workers to help develop its logistics business using unmanned drones |
| All Nippon | -1% | -34% | Domestic load factor was just 30% in August; appears to have restored capacity too aggressively during summer peak |
| Korean Air | 5% | -15% | All first-class cabin service suspended, except on routes to New York JFK and Los Angeles LAX |
| Cathay Pacific | 1% | -44% | Still engaged in talks with unions about concessions; has stronger labor unions than its rival Singapore Airlines |
| Air China | 2% | -22% | IATA estimates airlines worldwide, during Q2, burned through $300k in cash per minute |
| China Eastern | 1% | -3% | Domestic tourism strong during Autumn festival holiday, though not as strong as last year |
| China Southern | 1% | -10% | Chinese airline domestic capacity up y/y during holiday week but loads down 10 points to 77% |
| Singapore Airlines | 2% | -61% | Changi airport serving fewer pax today than it was when it opened in 1981 |
| Malaysia Airlines | (not publicly traded) | Latest from Reuters: Gov't threatening to divert Malaysia Airlines funds to low-cost unit Firefly if restructuring talks fail | |
| AirAsia | -7% | -64% | Wants to shrink its fleet significantly by returning as many leased planes as possible; sees no new orders for years |
| Thai Airways | 0% | -64% | Thai Smile, a wholly owned subsidiary signs distribution deal with Sabre; will now sell through Sabre GDS |
| VietJet | 0% | -24% | Thai VietJet launches new domestic route linking Bangkok BKK with Ubon Ratchathani |
| Cebu Pacific | -4% | -59% | Gov't says it's willing to provide financial help to airlines but only with private-sector participation |
| Qantas | 5% | -32% | Playing hardball with REX, retaliating with overlapping regional routes |
| Virgin Australia | 0% | -46% | Richard Branson wants to reinvest money with eyes on again holding 10% stake (Sydney Morning Herald) |
| Air New Zealand | 3% | -46% | Hires new chief customer and sales officer from within; incumbent CFO to leave company |
| Brent Crude Oil | 10% | -26% | Bloomberg story on oil hedging notes how airlines have all but abandoned the options market |
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