CAPA LCCs in North Asia

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Kenya Airways, via its official Twitter account, reported (24-May-2017) a reduction in net loss from KES26.2 billion (USD253.5 million) in FY2015/16 to KES10.2 billion (USD98.7 million) in FY2016/17, ended 31-Mar-2017. Passenger numbers increased 5.4% to 4.5 million and load factor increased 4% to 72.3%. CEO Mbuvi Ngunze said the airline implemented 342 revenue generating and cost saving initiatives. Acting finance director Dick Murianki said "All indicators are showing we're on the way up".

Aeromexico CEO Andres Conesa stated (25-May-2017) he believes consolidation will be one of the major trends in Latin America, noting consolidation adds value for consumers with stronger operators. Mr Conesa stated: "A decade or so ago, there wasn’t an Avianca group, and LAN and TAM were separate. This trend of working together to provide better value for consumers will continue. We will have less players but stronger players". [more - original PR]

Aeromexico CEO Andres Conesa clarified (25-May-2017) the importance of the Aeromexico-Delta Air Lines partnership, stating: "Delta is our most important partner in our most important market, so it made sense to go to a JV". In addition, Mr Conesa pinpointed the peculiarity of the JV, "because it involves narrowbody aircraft. Normally, JVs have been across the North Atlantic or across the Pacific and involved widebody aircraft. It’s interesting to be working on something that is the first in its class". [more - original PR]

Tokyo Narita Airport passenger numbers up 7% - traffic highlights for Apr-2017:

  • Passengers: 3.3 million, +6.5% year-on-year;
    • Domestic: 581,030, +12.4%;
    • International: 2.7 million, +5.3%;
  • Cargo: 189,154 tonnes, +10.2%;
  • Aircraft movements: 20,636, +4.9%;
    • Domestic: 4420, +10.0%;
    • International: 16,216, +3.5%;
  • Fuel supplied: 370,632, -2.8%. [more - original PR - Japanese]

Melbourne Tullamarine Airport reported (26-May-2017) the following traffic highlights for Apr-2017:

  • Passengers: 3.0 million, +6.8% year-on-year;
    • Domestic: 2.1 million, +3.7%;
    • International passengers: 847,828, +15.6%.

The airport said the combination of school holidays, Easter and ANZAC Day pushed April passenger traffic to new heights. Melbourne Airport CEO Lyell Stambi said: "For many Australians, a late Easter prompted extended plans to coincide with the ANZAC Day public holiday, and we have seen the impact of that in both international and domestic passenger traffic for the month. One of the key growth highlights for April was the addition of Virgin’s nonstop service between Melbourne to Los Angeles on a Boeing 777, operating five flights per week, equating to 176,000 seats per annum. Additionally, we’re seeing the continued performance of many of the new carriers we welcomed to Melbourne in 2016, particularly in the number of options Victorian travellers now have heading into Asia." [more - original PR]

Wizz Air announced (25-May-2017) plans to increase capacity by 23% and handle nearly 30 million passengers in FY2018. Wizz Air CEO József Váradi said: "We had a strong start to FY2018 due to the timing of Easter which leaves us optimistic for the year ahead and Group net profit is currently expected to be in a range between EUR250 million and EUR270 million in FY2018. This guidance is heavily caveated by the revenue performance for the all-important summer period as well as the second half of FY2018, a period for which we currently have limited visibility." [more - original PR]

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Vietnam Aviation Report 2017

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Global fleet and financing review 2017

Issue 39
  • Global Fleet Outlook: deliveries peak as orders decline
  • Global Aircraft Leasing: global aircraft leasing continues its international shift from west to east
  • CAPA Financial Outlook: margins to stay above past cyclical peaks
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GLOBAL AVIATION OUTLOOK 2017: Uncertainty, unpredictability and unprofitability?

Issue 38
  • New generation of revenue management systems and processes
  • Airports subject as always to the vicarious uncertainty of airline fortunes
  • Regional outlook and analysis
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