Around the World: September 28, 2020
| Airline Name | Change From Last Week | Change From Last Year | Comments |
|---|---|---|---|
| American | -7% | -55% | Starting to plan for B737 MAX pilot training as plane gets closer to reentering service |
| Delta | -9% | -49% | Joint venture plan with Latam approved by Brazilian regulators; still requires U.S. DOT consent |
| United | -7% | -61% | Introduces new flight shopping tool (powered by Google) that displays fares for destinations on an interactive map |
| Southwest | -7% | -32% | Briefly offered free companion passes last week, to customers who book flights for this fall; redeemable in Jan. and Feb. |
| Alaska | -11% | -43% | New Amadeus revenue management software now in use; for more see Skift.com for report by Sean O'Neill |
| JetBlue | -9% | -32% | Still, after all these years, does not fly to Canada; country's highish airport costs a deterrent |
| Hawaiian | -10% | -51% | Cash burn was about $3m a day during July and August; expecting something similar for September |
| Spirit | -8% | -56% | Paying 8% interest rate on the $850m in bonds it just issued, collateralized by loyalty assets and rights to the Spirit brand |
| Frontier | (not publicly traded) | Has more seats scheduled this Oct. than last in 3 key markets: Phoenix, L.A., Ft. Myers (Cirium) | |
| Allegiant | -8% | -17% | Weakening stock market this month taking toll on airline share prices; down last week even with oil prices dropping |
| SkyWest | -12% | -50% | Rival Mesa Air a more unionized company; 76% of its workers represented by organized labor |
| Air Canada | -12% | -63% | Completes new financing for future A220 deliveries; also refinances older aircraft-backed debt with new lower-priced borrowing |
| WestJet | (not publicly traded) | Air Canada's regional partner Chorus expanding its leasing business; delivered an A220 last week to airBaltic | |
| Aeromexico | -2% | -71% | Secures agreement with lessors to significantly lower its monthly aircraft and engine costs |
| Volaris | 0% | -20% | Still can't fly from El Salvador, and likely won't be able to until December at the earliest |
| LATAM | -2% | -81% | LCC Jetsmart contemplates leaving Argentina despite takeover of Norwegian's affiliate there; frustrated with government |
| Gol | -11% | -48% | With air traffic down sharply y/y, 95% of Gol's flights are running on time; punctuality rates up for most airlines worldwide |
| Azul | -5% | -46% | Takes delivery of its third A321 NEO |
| Copa | -6% | -42% | B737-700s and E190s starting to exit its fleet; some E-Jets will go to Alliance Air in Australia |
| Avianca | 0% | -85% | Denies press report that it asked for government permission to undertake collective layoffs |
| Emirates | (not publicly traded) | Announces restoration of more Africa flights including service to South Africa, Zimbabwe, Mauritius | |
| Qatar | (not publicly traded) | FIFA World Cup in Doha not scheduled to take place until Nov/Dec 2022; will Covid be just a bad memory by then? | |
| Etihad | (not publicly traded) | UAE central bank expects economy to contract 5% this year; aviation/tourism disruption a big factor | |
| Air Arabia | -3% | -10% | Khartoum, Sudan, the latest new route for Air Arabia Abu Dhabi; starts Oct. 7 |
| Turkish Airlines | -2% | -10% | Turkish lira has lost more than a fifth of its value against the U.S. dollar this year |
| Kenya Airways | 0% | 51% | Aiming to cut labor and aircraft leasing costs by $66m by the end of 2021 |
| South Africa Air. | (not publicly traded) | Maintenance arm threatening to stop servicing SAA and Mango; not getting paid for its work | |
| Ethiopian Airlines | (not publicly traded) | B737 MAX return to service could come in November, European safety regulators say | |
| IndiGo | -6% | -34% | One possibility for Air India is a merger with AirAsia India, which like Vistara, is partly owned by Tata Group |
| Air India | (not publicly traded) | “Interpreting India” podcast discusses country's "remittance economy;" roughly 20m Indians work abroad; many from Kerala state | |
| SpiceJet | -9% | -65% | Of those 20m Indian migrant workers mentioned above, roughly half live/work in just six Gulf countries |
| Lufthansa | -18% | -49% | Announces a number of new shorthaul leisure routes for next year's summer peak; will demand have recovered by then? |
| Air France/KLM | -19% | -68% | All signs point to it needing more capital before long; demand not recovering as hoped; will French, Dutch gov'ts give again? |
| BA/Iberia (IAG) | -14% | -79% | Study backed by IAG, Heathrow, and other U.K. airlines says closure of U.S.-U.K. flights will shave $14b from Britain's 2020 GDP |
| SAS | 2% | -48% | Recapitalization plan on track; will issue more shares and convertibles with support from Swedish, Danish governments |
| Alitalia | (not publicly traded) | Designated Milan LIN-Rome FCO flights allow only pax with negative Covid tests taken within 72 hours of departure | |
| Finnair | -10% | -94% | Transforming pax widebodies to freighters takes it about five working days |
| Virgin Atlantic | (not publicly traded) | New Pakistani routes targeting not just U.K. traffic but U.S. connecting traffic as well; and don't forget about cargo | |
| easyJet | -10% | -57% | Newly-hired CFO comes from TUI, where he ran the company's airline business |
| Ryanair | -6% | 11% | Launches its first-ever BOGO promotion: buy one ticket, get one free on selected routes |
| Norwegian | -15% | -98% | In close talks with Norway's government about means to survive winter; not happy about nation’s new airline taxes |
| Wizz Air | -9% | -15% | Expanding from Lithuania with multiple new routes from Vilnius |
| Aegean | -12% | -59% | Croatia still planning to sell Croatia Airlines; Aegean was previously interested |
| Aeroflot | -9% | -28% | Groupwide domestic traffic, measured by RPKs, was actually up slightly y/y in August |
| S7 | (not publicly traded) | Boasts that it never once stopped flying domestically during the crisis, not even for a single day | |
| Japan Airlines | -3% | -40% | Japan reopening borders to all countries next month but still with lots of restrictions, limits, and quarantine requirements |
| All Nippon | -2% | -29% | Seats now bookable directly through Google Flights |
| Korean Air | -2% | -20% | Only four major airlines in the world (ex all-cargo carriers) produced Q2 op. profits: Korea's Big Two and Taiwan's Big Two |
| Cathay Pacific | -12% | -47% | Rival Hong Kong Airlines cutting flight attendant pay by 30% for the next four months (SCMP) |
| Air China | -16% | -29% | Star Alliance partner SAS gets China's approval to restart Copenhagen-Shanghai flights; carrier hopes to relaunch Beijing next |
| China Eastern | -11% | -7% | Golden Week holiday, coinciding with Autumn Festival, starts Oct. 1; usually a big travel period |
| China Southern | -12% | -14% | Beijing Daxing, the city's new airport, marks one year since opening |
| Singapore Airlines | -3% | -63% | Singapore's largest export category, according to OEC, is microchips/semiconductors |
| Malaysia Airlines | (not publicly traded) | IATA warns that some airlines around the world might run out of cash during the approaching offpeak winter season | |
| AirAsia | 4% | -63% | Heavily promoting its digital venture, which includes AirAsia.com |
| Thai Airways | -2% | -65% | After welcoming 40m foreign tourists in 2019, Thailand expects to receive just 7m this year, 9m next year |
| VietJet | 0% | -22% | Vietnam Airlines relaunches scheduled flights to Seoul; first regular int'l flights from Vietnam since crisis started |
| Cebu Pacific | 0% | -60% | Rival Philippine Airlines says it has $329m in refund requests to address (Bloomberg) |
| Qantas | -3% | -38% | Sydney airport eyeing N.Z., Hong Kong, Singapore, Japan, Korea, British Colombia for potential travel bubbles |
| Virgin Australia | 0% | -46% | Unsecured creditors hit hard by bankruptcy; will receive just 9-13 cents of each dollar they were owed |
| Air New Zealand | -1% | -53% | Doesn't expect quarantine-free travel bubble between N.Z. and Australia for at least another 6 months (Sydney Morning Herald) |
| Brent Crude Oil | -3% | -31% | Airbus showcasing ideas for one day building emissions-free planes powered by hydrogen |
Some stocks traded on multiple exchanges; not intended for trading purposes.