Around the World: October 19, 2020
Airline Name | Change From Last Week | Change From Last Year | Comments |
---|---|---|---|
American | -6% | -56% | Updates loyalty plan program with new benefits; elites can now enjoy their perks even when flying on basic econ ticket |
Delta | -4% | -41% | Cites banking/financial services, manufacturing, and transportation sectors as its most important sources of corporate demand |
United | -8% | -62% | Hawaii will be 9% of domestic ASMs this month, up from 4% last month; growing capacity in tandem with testing trial |
Southwest | 0% | -26% | United, to gauge corporate prospects, says it's monitoring metrics like skyscraper occupancy rates in Manhattan |
Alaska | 2% | -41% | Official date for joining oneworld alliance: March 31 |
JetBlue | -4% | -28% | Follows Southwest in adding new winter ski routes to Montrose in the Colorado Rockies |
Hawaiian | -3% | -55% | Ending its Ohana branded turboprop service connecting Hawaii's islands |
Spirit | -6% | -55% | Sliver Airways, flying turboprops, to connect Charleston, SC, to multiple Florida cities |
Frontier | (not publicly traded) | Sun Country IPO could happen as early as next year if travel rebounds, it tells Bloomberg | |
Allegiant | 5% | -14% | CFO tells Las Vegas Review-Journal that it pays roughly half what others pay for its aircraft |
SkyWest | -4% | -46% | Carried more than 43m pax for United, Delta, Alaska, and itself last year; number will obviously be smaller this year |
Air Canada | -4% | -66% | Porter Airlines, based at Toronto's downtown Bishop airport, extends grounding; won't get started now until Dec. |
WestJet | (not publicly traded) | Major retreat from Atlantic Canada; exiting Moncton, Fredericton, Sydney, Charlottetown; also deep cuts to Halifax, St. John's | |
Aeromexico | 8% | -67% | Will publish its Q3 financial results this week; Volaris will as well |
Volaris | 3% | -12% | Says 1.2m of its customers were first-time fliers on its airline last year |
LATAM | -1% | -85% | IATA sees Latin American and African carriers as most vulnerable to cash depletion due to absence of gov't aid |
Gol | 0% | -47% | Looks like Argentina will allow flights from El Palomar airport near Buenos Aires after all; was threatening to close it |
Azul | 1% | -50% | Now a member of ALTA, the association representing Latin and Caribbean airlines |
Copa | -3% | -48% | Panama began receiving international flights and visitors again on Oct. 12; has had among world's strictest travel regs |
Avianca | -8% | -89% | Talks about being a 30% smaller company post Covid and post bankruptcy |
Emirates | (not publicly traded) | Skywards program now at 27m members; celebrating 20 years since launching | |
Qatar | (not publicly traded) | Arabian Business looks at Royal Jordanian and its prospects to recover following CEO's departure | |
Etihad | (not publicly traded) | Flew over Israeli airspace to get from Milan to Abu Dhabi, a first; now possible following Israel-UAE peace pact | |
Air Arabia | 2% | -18% | Sharjah airport pressing ahead with $408m expansion (Routes) |
Turkish Airlines | -2% | -2% | Aeroflot reports big y/y increase in demand to Turkey during Sept.; adds that forward bookings look good for Dubai, Male |
Kenya Airways | 0% | 42% | Nationalization plan still in progress; uncertain whether Nairobi airport will be nationalized as well |
South Africa Air. | (not publicly traded) | AFRAA, which represents African airlines, says countries need to stop taxing air travel as a luxury good | |
Ethiopian Airlines | (not publicly traded) | Gov't flirted with idea of partially privatizing the airline but won't proceed right now | |
IndiGo | -3% | -23% | Delhi airport operating with about half its usual domestic flight activity now |
Air India | (not publicly traded) | Nationwide, India's domestic air traffic down by roughly two-thirds y/y in September | |
SpiceJet | -4% | -60% | Creditors of grounded Jet Airways approve investor consortium's plan to revive the airline; will have long uphill climb |
Lufthansa | -6% | -51% | Airlines not satisfied with latest E.U. agreement to update travel regulations; individual countries can still impose quarantines |
Air France/KLM | -6% | -71% | A340s, with their superfluous four engines, now gone from the fleet; last plane wore colors of failed Joon unit |
BA/Iberia (IAG) | -7% | -81% | Aer Lingus summer 2021 schedule includes 12 routes to North America |
SAS | -21% | -83% | Gets its first of three A321 LRs on lease from ALC; will be used for transatlantic service |
Alitalia | (not publicly traded) | Italy now on U.K.'s list of countries where travelers must quarantine upon return | |
Finnair | -8% | -95% | IATA, A4E, ACI pounding the table on getting E.U. to harmonize travel rules/quarantine rules |
Virgin Atlantic | (not publicly traded) | U.S. and U.K. still working toward establishing an air travel corridor between the two; hopes it can be ready for Christmas | |
easyJet | -8% | -63% | As U.K.-E.U. divorce deal remains elusive, threat to flight rights between the two remains a risk |
Ryanair | -7% | -3% | Launches new podcast series; first episode features Eddie Wilson, CEO of Ryanair branded unit |
Norwegian | -12% | -98% | Sold two B787-9s to NEOS, an Italian charter/leisure airline |
Wizz Air | -2% | -17% | New route links Pristina in Kosovo to Karlsruhe/Baden Baden in Germany |
Aegean | -4% | -62% | Rival Greek airline Sky Express to add six new A320 NEOs |
Aeroflot | -3% | -44% | Seeing "elevated demand" for domestic Black Sea resort spots and domestic "culture destinations" |
S7 | (not publicly traded) | Recent ad campaign highlights this summer's revival of domestic tourism | |
Japan Airlines | -1% | -41% | Skift's Matt Parsons looks at Zip Air's potential appeal to business travelers; carrier will offer unbundled lie-flat product |
All Nippon | -1% | -36% | Various reports say it's due to get nearly $4b worth of new loans to cushion its liquidity |
Korean Air | 3% | -18% | Will extend policy of having 70% of its employees on unpaid leave through at least December (Korea Herald) |
Cathay Pacific | 7% | -41% | Hong Kong strikes bilateral air travel bubble agreement with Singapore |
Air China | -1% | -29% | Rival Hainan Airlines giving Boeing big headaches; has lots of B787s on order that carrier no longer can afford |
China Eastern | -1% | -10% | Getting nearly $5b in new capital courtesy of several fellow state-owned companies |
China Southern | 0% | -14% | American moving to new Beijing Daxing airport to team with China Southern; Delta also moved to Daxing (to team with China Eastern) |
Singapore Airlines | 0% | -62% | Sept. traffic and capacity data published last week shows pax volumes still down 99% across all group airlines (mainline, Silk, Tiger) |
Malaysia Airlines | (not publicly traded) | Looking to give its wholly owned Firefly unit a greater role; Reuters said it might even fly widebodies | |
AirAsia | -2% | -69% | CEO Tony Fernandes tells Skift's Dennis Schaal that AirAsia.com website generates 70% of airline's bookings |
Thai Airways | -1% | -63% | Mass protests against king leave Bangkok again in a state of unrest |
VietJet | 1% | -24% | Vietnam's aviation market reached 116m passengers in 2019, up 12% from 2018 |
Cebu Pacific | 1% | -61% | Clark airport north of Manila has new terminal ready to go; will formally open in January |
Qantas | -3% | -37% | Selling Qantas branded clothing, sightseeing flights… anything to generate some cash |
Virgin Australia | 0% | -46% | Fun fact: New owner Bain Capital was founded by U.S. senator and former presidential candidate Mitt Romney |
Air New Zealand | -2% | -47% | Getting back to normal: With Covid eradicated from NZ, rugby matches attracting tens of thousands of maskless fans |
Brent Crude Oil | 2% | -27% | Worldwide energy demand will increase 25% from now to 2045, OPEC forecasts |
Some stocks traded on multiple exchanges; not intended for trading purposes.