Around the World: September 7, 2020
| Airline Name | Change From Last Week | Change From Last Year | Comments |
|---|---|---|---|
| American | 0% | -50% | American tells Bloomberg vast majority of its basic economy buyers are under age 30, not AAdvanatge members |
| Delta | -1% | -44% | What's the U.S. airline hub city with the lowest unemployment rate right now? Salt Lake City (5% for July) |
| United | 2% | -54% | Chairman/ex-CEO Oscar Munoz, appearing on CNN, says U.S. airlines need to cut labor costs 30% to 50% to survive |
| Southwest | 1% | -24% | Frontier and Sun Country serve Miami, but JetBlue and Allegiant do not; Alaska was once there but not anymore |
| Alaska | 0% | -34% | Now offering nonstops to Jackson Hole, a popular Wyoming mountain resort, from Seattle, San Jose, San Diego |
| JetBlue | 1% | -26% | Expands credit card offering in Puerto Rico in conjunction with local bank Popular |
| Hawaiian | -1% | -40% | Some talk of a possible Hawaii-Australia travel bubble when Covid conditions permit |
| Spirit | -3% | -51% | Latest U.S. airline to borrow money using its loyalty plan as collateral |
| Frontier | (not publicly traded) | Milestone: Took delivery of its 100th aircraft in July (an A320 NEO with a wolf on the tail); many more on the way | |
| Allegiant | 0% | -7% | David Neeleman's new startup Breeze backs away from plan to buy Compass for its certificate; ALPA union didn't like the idea |
| SkyWest | 2% | -37% | Will be among the airlines presenting at Cowen investor event this week |
| Air Canada | 4% | -57% | Flies first Canadian tourists to Cuba (Cayo Coco) since crisis led to border closures |
| WestJet | (not publicly traded) | Swoop, its ULCC, publishes winter schedule; includes plenty of sunshine flying (i.e. Florida, Arizona, Mexico) | |
| Aeromexico | -5% | -70% | Looking to lay off 1k flight attendants as it downsizes in bankruptcy |
| Volaris | -2% | -5% | August ASM capacity was down only 21% y/y; domestic down only 12% |
| LATAM | -3% | -79% | New codeshare with Azul currently covers 35 Brazilian routes; will expand in time |
| Gol | 5% | -38% | Repaid $300m loan it took out in 2015, with then-partner Delta as guarantor |
| Azul | 8% | -48% | Rebranding Two Flex, the regional carrier it purchased, as Azul Connect |
| Copa | -3% | -46% | Unions protesting what they say are contract violations; i.e. unauthorized pay cuts |
| Avianca | 7% | -81% | Gov't provides $370m loan to support bankruptcy financing; Viva Air not happy; neither is much of the public |
| Emirates | (not publicly traded) | COO tells Bloomberg that about 50% of its pax are connecting now; was 70% pre-crisis | |
| Qatar | (not publicly traded) | Saudi Arabia enjoying domestic tourism boom (Hotelier) though a lot of it not involving air travel | |
| Etihad | (not publicly traded) | Affiliate Air Serbia wants a break on money it owes; Etihad holding out for full loan repayment | |
| Air Arabia | -1% | -4% | CEO tells Arabian Business he sees "massive growth" opportunities for newly-launched Air Arabia Abu Dhabi |
| Turkish Airlines | -4% | -8% | Signs technology and distribution deal with Amadeus; will facilitate shift to NDC distribution |
| Kenya Airways | 0% | 54% | Kenya and neighboring Tanzania arguing over quarantine rules for each other's air travelers |
| South Africa Air. | (not publicly traded) | South Africa removed domestic air travel restrictions on Aug. 17 | |
| Ethiopian Airlines | (not publicly traded) | Long-struggling Fastjet suspending scheduled operations through Sept.; just flying some repatriation charters | |
| IndiGo | 6% | -23% | Gautam Adani, an Indian billionaire, buying a controlling stake in Mumbai's normally capacity-constrained airport |
| Air India | (not publicly traded) | Vistara, backed by Singapore Airlines and Tata Group, incorporates first A321 NEO; will use for international routes | |
| SpiceJet | 2% | -59% | Adding some A340 widebodies to carry international cargo; says it's India's largest cargo carrier using B737s and Q400s |
| Lufthansa | 2% | -34% | CEO Carsten Spohr tells Nikkei Asian Review that labor concession talks still stalled; ground worker talks particularly difficult |
| Air France/KLM | -3% | -62% | Cargo unit establishes task force team to ensure preparedness for shipping vaccines when the time comes |
| BA/Iberia (IAG) | 1% | -48% | Aer Lingus considering transatlantic A321 LR flights from secondary U.K. airports (Irish Times) |
| SAS | 0% | -48% | Signs new distribution deal with Sabre |
| Alitalia | (not publicly traded) | Italian parliament yet to finalize law establishing the new Alitalia | |
| Finnair | -4% | -93% | Says original cost cutting goals insufficient; will increase targeted savings; "no swift improvement in sight" |
| Virgin Atlantic | (not publicly traded) | Airlines pushing for a London-New York travel bubble, facilitated by airport Covid testing | |
| easyJet | 2% | -31% | Finalizes plans to close three U.K. bases, namely London Stansted, London Southend, and Newcastle; will no longer serve Southend |
| Ryanair | -5% | 30% | Scottish independence from U.K. again a hot topic; economy there hurt by low oil prices |
| Norwegian | -5% | -97% | Credits Norway's flexible labor/furlough laws for helping it manage through crisis |
| Wizz Air | -5% | 5% | U.K. LCC Jet2 expecting to fly as many seats next summer as it did in summer 2019 |
| Aegean | -2% | -56% | Jet2 separately says Greece one of its most popular destinations this summer; adding more flights |
| Aeroflot | -1% | -23% | St. Petersburg airport still engaged with Ryanair about possible service (Tass) |
| S7 | (not publicly traded) | Gaining a bit of market share at the expense of foreign carriers; carried 16% of Russia's air pax last half, vs. 12% a year ago | |
| Japan Airlines | 2% | -35% | Jetstar Japan, backed by JAL and Qantas, operated three-quarters of its year-ago capacity in August |
| All Nippon | 3% | -26% | Japan Airlines says bookings for second half of Sept. running below forecast even as Covid cases recede |
| Korean Air | 4% | -17% | Feels compelled to sell both its catering and duty-free businesses despite cargo-driven Q2 profit |
| Cathay Pacific | 2% | -42% | Signed deal to use GE Aviation software that uses big data to help with predictive maintenance among other things |
| Air China | 2% | -20% | Some Chinese airports saw y/y increases in flight movements last month, led by Sanya in Hainan (SCMP) |
| China Eastern | 0% | -5% | Other airports with y/y flight growth included Shanghai SHA, Chongqing, Ningbo, Wenzhou, Nanchang |
| China Southern | 5% | -11% | Taiwan's EVA Air cancels some B787-10 orders in favor of smaller B787-9s; will also take more B777 freighters |
| Singapore Airlines | -2% | -59% | Singapore emerging as a leader on reopening int'l borders; opens unilaterally to visitors from New Zealand and Brunei |
| Malaysia Airlines | (not publicly traded) | Malaysia Airports Group working on expansion of Penang's airport | |
| AirAsia | 1% | -63% | Now negotiating its own hotel room inventory for AirAsia.com; previously let ex-partner Expedia handle that |
| Thai Airways | -4% | -67% | Discussing plan to allow some tourists to Phuket, a beach destination |
| VietJet | 7% | -17% | Vietnamese airlines still urging their government to provide financial relief; Vietnam Airlines particularly distressed |
| Cebu Pacific | 0% | -64% | Key levers to meeting new unit cost reduction goals: new A321 NEOs, improved maintenance contracts, reduced overhead, etc. |
| Qantas | 0% | -36% | Jetstar's int'l B787 operations were profitable in fiscal year that ended in June; shorthaul int'l was not |
| Virgin Australia | 0% | -45% | About 40% of Australia's exports go to China; commodity exports doing well, education exports way down (Bloomberg) |
| Air New Zealand | -3% | -54% | Auckland airport reassessing international arrivals infrastructure project |
| Brent Crude Oil | -4% | -27% | Ave. monthly Brent price Jan to August: $64, $56, $32, $18, $29, $40, $43, $45 |
Some stocks traded on multiple exchanges; not intended for trading purposes.