Qantas announced (24-Aug-09) it has taken delivery of its fourth A380, to be deployed to increase capacity on Sydney-London and Sydney-Los Angeles services from 07-Sep-09. The carrier added it plans to take delivery of its fifth and sixth A380s by the end of the year, to further increase capacity on these routes, in addition to Melbourne-Los Angeles service. [more]
Qantas takes delivery of fourth A380
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Where the A380 flies: Japan and intra-Asia routes decline while Australia & Middle East grow
The A380 is once again under media scrutiny, despite there being no major movement on the type. Comments from Air France and Qantas about not taking further A380s have long been assumed, and it has been apparent that Malaysia Airlines does not even have the need for its A380s. Singapore Airlines not renewing the lease on its first A380 is hardly surprising, and offers no definitive conclusion about the A380 or second-hand market; early A380s had different production and are not as efficient as later models. The lack of movement on the A380neo continues to irk the model's largest customer by far, Emirates, and may not make for a productive relationship as Emirates weighs an A350 or 787 order.
For most, the A380 continues to fly. How and where it flies is changing. Flights to and from the Middle East are becoming more common as Gulf airlines, and mostly Emirates, take delivery of A380s. A further shift to the Middle East is inevitable. In Japan there has been a near exodus of A380s; airlines dropping the type as they moved from Narita to Haneda, which cannot accommodate the A380 during the day, and Singapore Airlines down-gauging. Intra-Asia flying is decreasing – notable given the growth of A380s based in the region. Services by the A380 to Australia are growing, perhaps as it becomes an easy market for airlines to redeploy capacity amid European security concerns and trans-Pacific overcapacity.
Avianca works to attain its leverage goals by slashing its capex commitments through 2019
Latin American airline group Avianca Holdings is joining its counterparts based in the region by taking steps to de-lever in order to equip itself properly to withstand continuing economic weakness in the region. One of the most important changes Avianca has undertaken in 2016 is re-engineering its order book with Airbus to cut deliveries from 2017 to 2019, which is pivotal in order for Avianca to reach its leverage targets.
Nearly every Latin American airline group during the past year has taken several steps to slow its fleet growth as the region’s economy is forecast to contract for a second consecutive year in 2016. Although Avianca’s yield declines improved (reduced) sequentially from 4Q2016 to 1Q2016, the second quarter is typically the weakest period for the airline, which could mean that its yield performance will slide before possibly showing some slight improvement in 2H016.
Despite the tough conditions, Avianca has a relatively optimistic outlook as it works to rework its fleet commitments and cut costs. Avianca still plans to expand capacity in 2016, but its growth is falling well below the 8% increase that the company posted in 2015.