Around the World: October 26, 2020
| Airline Name | Change From Last Week | Change From Last Year | Comments |
|---|---|---|---|
| American | 1.1% | -57.2% | Will open a new regional terminal facility at Washington Reagan next year; rare chance to expand there |
| Delta | 8.0% | -36.8% | Alone among the Big Three in blocking middle seats but still, its Q3 loss margins were less severe |
| United | 11.3% | -57.7% | Ended Q3 with 292 planes on firm order, compared to Delta's 240 and American's 230 |
| Southwest | 7.8% | -24.0% | Still working out final MAX delivery schedule with Boeing; definitely doesn't need 48 next year, which was its original plan |
| Alaska | 5.6% | -39.5% | Horizon unit started flying E175s within Alaska last week; deployment includes Anchorage-Fairbanks route |
| JetBlue | 9.7% | -27.1% | Reaches new contract agreement, subject to ratification, with TWU-represented flight attendants |
| Hawaiian | 16.1% | -43.8% | Southwest mentions, during its Q3 earnings call, an intention to launch new San Diego-Honolulu flights |
| Spirit | 14.8% | -50.1% | Barbados in the Caribbean looking to privatize its airport; Mexico's OMA airport company, for one, says it's interested |
| Frontier | (not publicly traded) | Southwest, in discussing the industry's overstaffing problem, says some of its airports have double the staff they need right now | |
| Allegiant | 9.4% | -7.8% | Montana the U.S. state with smallest y/y decline in pax flights; down 4% (A4A, Cirium) |
| SkyWest | 10.7% | -41.6% | New York the U.S. state with largest y/y decline in pax flights; down 67% (A4A, Cirium); Hawaii has largest drop in TSA pax counts |
| Air Canada | 9.5% | -63.1% | Arguing with WestJet over which carrier has the fairest refund policies |
| WestJet | (not publicly traded) | Alberta province, where it's based, trialing shorter quarantine periods for inbound int'l air travelers | |
| Aeromexico | -7.1% | -70.2% | Ailing rival Interjet continues to face escalating pressures from various unpaid stakeholders |
| Volaris | 7.1% | -8.2% | Says an international route typically takes 12 to 18 months before reaching profitability |
| LATAM | -3.1% | -86.0% | Brazilian domestic ASK capacity was down 58% y/y in Sept.; domestic capacity in other country markets was down 82% |
| Gol | 3.3% | -46.8% | Has more than 90 interline and codeshare partnerships including its new arrangement with American |
| Azul | 6.3% | -48.8% | Brazil, like Mexico, has no border entry restrictions on foreigners |
| Copa | 11.1% | -45.3% | Sabre, fresh off of renewing its distribution contract with U.S. giant American, does the same with Copa |
| Avianca | -1.6% | -90.0% | ASUR, which owns many Colombian airports, says Bogota-Medellin route could take longer to recover due to heavy biz component |
| Emirates | (not publicly traded) | Currently operating A380s to Cairo, Paris, London Heathrow, Guangzhou, and Moscow; Amman soon | |
| Qatar | (not publicly traded) | Says it probably won't fly its 10 A380s again for at least another two years | |
| Etihad | (not publicly traded) | Dubai-based company in negotiations to invest in Israeli carrier Israir | |
| Air Arabia | 0.0% | -19.0% | New domestic Moroccan route will connect Casablanca with southern Sahara gateway city of Guelmim |
| Turkish Airlines | -1.7% | -12.2% | LCC rival Pegasus launching Moscow flights to Antalya next month amid signs of growing Russia-to-Turkey tourism |
| Kenya Airways | 0.0% | 35.8% | Uganda Airways, launched last year, to get its first A330-800 NEO soon; a rare NEO buyer that chose -800s not -900s |
| South Africa Air. | (not publicly traded) | Emirates strengthens its South African coverage by inking interline deal with SA Airlink, a privately owned independent regional carrier | |
| Ethiopian Airlines | (not publicly traded) | Nigeria, one of Ethiopian's most important markets, experiencing nationwide protests; happening as economy reels from cheap oil | |
| IndiGo | 3.2% | -17.6% | Jet Airways, trying to revive with new owners, lost possession of its valuable airport slots; can it get them back? |
| Air India | (not publicly traded) | Losses a big burden for India's government, especially now as it looks for ways to support the economy during crisis | |
| SpiceJet | 8.9% | -54.5% | Financial Express notes that Goa has remained popular with tourists throughout the crisis; visitors coming from U.K., Russia, etc. |
| Lufthansa | 12.0% | -47.1% | As of right now, its Q4 schedule will at most feature just 25% of normal capacity; expects low demand all winter |
| Air France/KLM | 9.6% | -68.8% | Airbus putting plans in place to ramp up A320/21 NEO production as soon as crisis ends |
| BA/Iberia (IAG) | 13.8% | -79.0% | Would-be subsidiary Air Europa (takeover still in limbo) plans to gradually rebuild its critical Latin American network |
| SAS | -7.6% | -84.0% | NY Times looks at Iceland's tourism sector; grew rapidly for years aside from momentary hits from forex trends, Wow's collapse |
| Alitalia | (not publicly traded) | Re-entering Milan Malpensa but just with cargo flights; pax business focused on Rome Fiumicino hub | |
| Finnair | 6.1% | -93.5% | Will cut about 600 jobs in Finland and another 100 elsewhere; doesn't include temporary furloughs |
| Virgin Atlantic | (not publicly traded) | London Heathrow now trialing on-site Covid tests for departing pax; results returned in one hour | |
| easyJet | 16.5% | -54.7% | Flybe, which collapsed shortly after Covid crisis began, could get second life with new investors; was briefly owned by Virgin Atl. |
| Ryanair | 12.0% | 9.9% | Germany and England remove Canary Islands from high-risk category; people can now go without quarantining on return |
| Norwegian | 10.1% | -98.5% | Labor insourcing a big part of its restructuring; involves more than 3k flight crew, maintenance, service personnel |
| Wizz Air | 9.2% | -6.2% | Newest base Bari part of an Italian expansion featuring several new domestic routes; Milan MXP growth as well |
| Aegean | -3.6% | -65.3% | Note on quarantines: They're often much stricter in Asia (i.e. people confined in gov't facilities) than voluntary measures in Europe, U.S. |
| Aeroflot | 2.3% | -42.0% | Increased flights to Minsk, Geneva, and the Maldives; also resuming flights to Japan |
| S7 | (not publicly traded) | Russian carriers, despite strong domestic recovery, asking for more gov't subsidies; loss of int'l traffic still hurts | |
| Japan Airlines | 3.2% | -39.2% | Regional units Japan Air Commuter and Hokkaido Air System to become official oneworld alliance affiliate members |
| All Nippon | 1.0% | -35.4% | Reports out of Japan suggest Mitsubishi might temporarily suspend development work on MRJ regional planes |
| Korean Air | 3.9% | -15.2% | Rival Asiana an early recipient of money from a new government relief fund established to help troubled firms |
| Cathay Pacific | 1.2% | -41.4% | Uses the term "preighters" for its B777-300ER passenger aircraft with some seats removed for mail and freight |
| Air China | 7.3% | -20.6% | Wuhan, where the Covid crisis originated, now a hot domestic tourist attraction, the Wall Street Journal reports |
| China Eastern | 1.0% | -4.1% | Chinese New Year just a few months away; falls on Feb 12 next year |
| China Southern | 0.5% | -10.7% | Chongqing-based regional carrier China Express to establish new base in Quzhou in wealthy Zhejiang province (Routes) |
| Singapore Airlines | 2.0% | -60.4% | Planning to restart its Singapore-New York ultra-longhaul nonstops next month; will use JFK airport this time, not Newark |
| Malaysia Airlines | (not publicly traded) | Remains on death watch as talks with creditors and aircraft lessors continue; offering workers early out options | |
| AirAsia | -4.2% | -70.3% | Fate of AirAsia X intertwined with fate of A330 NEO; collapse would be big blow to Airbus |
| Thai Airways | -4.5% | -60.0% | Bangkok envisioned as the central node in major ASEAN-wide high-speed railway network backed by China |
| VietJet | 0.3% | -27.3% | Rival Bamboo Airways intends to open new routes to Japan, Singapore, Australia this quarter; Germany, U.K. next quarter |
| Cebu Pacific | 8.3% | -56.0% | Philippine Airlines going daily on its Manila-Los Angeles route next month; currently flies 4x a week |
| Qantas | 8.1% | -27.5% | Sydney airport shows Sept. pax traffic down 96% y/y; Oct. should look somewhat better thanks to eased travel restrictions. |
| Virgin Australia | 0.0% | -44.5% | Signs point to moving the airline's business model downscale, but no firm plans yet announced |
| Air New Zealand | 2.0% | -46.5% | Auckland airport says domestic traffic reached 65% of last year's levels during Oct. school holidays |
| Brent Crude Oil | -2.8% | -31.5% | Average monthly Brent price per barrel in Sept. was $41; hasn’t gone past $46 since crisis began in March |
Some stocks traded on multiple exchanges; not intended for trading purposes.