Qantas announced (20-Aug-2019) plans to invest AUD10 million (USD6.75 million) in providing fare discounts for residents in 16 towns across Queensland, Northern Territory and Western Australia in response to demand. The programme will be offered in towns which compete which a high proportion of corporate travel or are impacted by the region's remoteness. Fares between regional towns and fare levels will be reviewed periodically to consider inflation or other cost increases, while offering residents sale fares below the levels "from time to time". The initial rollout will include Mount Isa, Cloncurry, Longreach, Barcaldine, Blackall, Karratha and Kalgoorlie, with the carrier currently consulting with local airports and councils in Moranbah, Roma, Charleville, Broome, Port Hedland, Newman, Paraburdoo, Alice Springs and Ayers Rock. Qantas additionally noted its current discounts of 20% to 30% for passengers travelling between their home town and the nearest capital city will remain available. [more - original PR]
Our panel of leading analysts will discuss:
- Where to next for airline stocks? What’s outlook for the key drivers: economic growth, capacity and fuel?
- Who are the ROIC stars and why? how are airlines valued relative to other industrials?
- Which airlines are better placed to weather economic storms?
- How can the industry learn to deal with fuel prices volatility?
- How are airlines faring in containing non-fuel costs?
Moderator: Aviation Week, Senior Air Transport Editor, Adrian Schofield
- Citi, Analyst – Industrials & Transport, Jakob Cakarnis
- Evans and Partners, Head of Research, Cameron MacDonald
- Ord Minnett, Senior Research Analyst, John O’Shea
- S&P Global, Lead Analyst, Director, Graeme Ferguson
- UBS, Analyst – Transport & Infrastructure, Matt Ryan
CAPA’s events attract the highest calibre of thought-leaders in the industry. This includes strong C-Level executive representation from all types of business models – from full service, LCCs and hybrid airlines.
Aeropuertos y Servicios Auxiliares (ASA) reported (19-Aug-2019) the following traffic highlights for the first seven months of 2019:
- Seven months ended Jul-2019:
- Passengers: 2.0 million, +13.6% year-on-year;
- Tamuin National Airport: +42.1%;
- Puerto Escondido Airport: +33.5%;
- Tepic Airport: +30.4%;
- Loreto Airport: +29.1%;
- Colima Airport: +29.1%;
- Chetumal Airport: +19%;
- Nogales International Airport: +14.5%;
- Puebla Hermanos Serdan Airport: +13.4%;
- Ciudad del Carmen Airport: +9.5%;
- Nuevo Laredo Airport: +8.3%;
- Tehuacan National Airport: +7.2%;
- Poza Rica Tajin Airport:+6.6%;
- Ciudad Obregon Airport: +5.1%;
- Uruapan Airport: +2.5%;
- Matamoros Airport: +1.1%;
- Cargo: 2790 tonnes, +23.6%;
- Matamoros Airport: +161.1%;
- Chetumal Airport: +52.9%;
- Poza Rica Tajin Airport:+44.7%;
- Ixtepec Airport: +38.7%;
- Puerto Escondido Airport: +37.9%;
- Campeche International Airport: +26.2%;
- Ciudad del Carmen Airport: +21.4%;
- Ciudad Obregon Airport: +12%;
- Colima Airport: +8%. [more - original PR - Spanish]
- Passengers: 2.0 million, +13.6% year-on-year;
Cathay Pacific Group appointed (19-Aug-2019) Mandy Ng as the new CEO of HK Express with immediate effect. Ms Ng, who has been with the Swire Group for 17 years, takes over from former CEO Ronald Lam who is now Cathay Pacific chief customer and commercial officer. Mr Lam also assumes the chairmanship of HK Express. [more - original PR]
Costa Rica's President Carlos Alvarado announced (16-Aug-2019) plans to invest over CRC90 billion (USD157.3 million) in airport infrastructure modernisation. Liberia Daniel Oduber Quirós International Airport, San Jose Tobias Bolanos International Airport and Limon International Airport are undertaking works exceeding CRC75.1 billion (USD131.3 million). Palmar Sur, Golfito, Pérez Zeledón, Guápiles, Quepos, Tortuguero, Coto 47 and Puerto Jiménez airports will receive CRC15 billion (USD26.2 million) in investment. [more - original PR - Spanish]
Chongqing Airport Group, via its official Weibo account, announced (16-Aug-2019) Chongqing Wushan Airport commenced operation on 16-Aug-2019 (CAAC-News, 16-Aug-2019). China Express Airlines operated the first service at the airport from Chongqing Jiangbei International Airport. The airport is a category C regional airport with one 3500sqm terminal building and one 2600m runway, targeting capacity of 280,000 passengers, 1200 tonnes of cargo and 3333 aircraft movements p/a.
Air Mauritius, via its official Facebook account, reported (14-Aug-2019) improved financial results with a net loss of EUR4.1 million in Q1FY2019/2020, ended 30-Jun-2019, compared to a net loss of EUR14.9 million in Q1FY2018/2019. Load factor increased from 78% to 80.2%, revenues decreased 2.3% year-on-year and costs decreased 7.3%. The airline noted the first quarter of the financial year coincides with the low tourism season. The carrier is finalising a new business model based on an improved network and fleet.