Delta Air Lines reports (18-Jan-2011) passenger revenue on Asia Pacific services surged 47% year-on-year to USD721 million on the back of a 24% jump in unit revenue and a 26% jump in yield in the three months ended 31-Dec-2010. The carrier increased its Asia Pacific capacity by 18% during the period.
Delta reports 47% surge in Asia Pacific pax revenue in 4Q2010
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"Too little competition in the American (airline) market". EU head: US consolidation goes too far
At the ACI 26th General Assembly in Athens on 21-Jun-2016 the European Commission's DG Competition Henrik Mørch said that the EC has generally approved JVs but is closely watching consolidation trends. As reported in a CAPA news brief, Mr Mørch said that the EC is interested in how much consolidation can be justified with efficiency gains for the consumer.
He added that, while the European aviation market is more fragmented than the American market, taking the level of consolidation that exists in the US and applying it to Europe is "not necessarily something we would advocate for...there's too little competition in the American market in our view".
However, the level of concentration on the North Atlantic, the principal market where JVs have been approved by the Commission, is greater than in North America – the market that Mr Mørch considers too concentrated. Meanwhile, European fragmentation weighs heavily on its airlines' yields and holds back their profitability.
North America: bad news and good news: yields chase lower fuel prices down
A continued reprieve from higher fuel costs should again yield healthy profits for North American airlines during 2016.