GOL surges on Brazilian air traffic recovery, Southwest gains on positive 2Q2010 outlook
ANAC reported the following traffic highlights in May-2010 (NB: This data is presented each month in CAPA's America Airline Daily report):
- Passenger traffic (RPKs):
- Domestic: +20.2% year-on-year;
- International: +21.0%;
- Load factor:
- Domestic: 60.3%, +1.1 pt;
- TAM: 57.1%, +0.4 ppt;
- GOL: 58.8%, -0.8 ppt;
- WebJet: 70.4%, +7.8 ppts;
- Azul: 85.8%, +6.6 ppts;
- Avianca: 76.2%, +7.6 ppts;
- Trip: 64.4%, +7.5 ppts;
- Passaredo: 59.8%, -6.5 ppts;
- Pantanal: 63.0%, +8.6 ppts;
- Puma Air: 24.1%, -22.4 ppts;
- Total: 83.3%, +1.3 ppt;
- Air Minas: 53.1%, -2.5 ppts;
- NHT: 43.3%, -2.8 ppts;
- SETE*: 63.0%, n/a;
- Team: 38.1%, -2.6 ppts;
- SOL**: 46.4%, n/a;
- Abaete: 56.9%, -2.3 ppts;
- International: 74.2%, +11.8 ppts;
- Domestic: 60.3%, +1.1 pt;
*SETE started reporting their results in Jun-2009 **Commenced operations in Oct-2009
In the domestic market, TAM held a 40.9% share in May-2010, while GOL had a 40.2% share, according to ANAC. Webjet had a 6.3% share, Azul Linhas 5.9% and OceanAir 3.2%.
Southwest gains altitude
Elsewhere, Southwest gained 2.6% on fairly bullish comments by Chief Financial Officer Laura Wright, speaking at the Bank of America Merrill Lynch Global Transportation conference in New York yesterday. See related report: Southwest focusing on improving revenues and cutting costs in 2Q2010, but economic concerns persist
Selected LCCs daily share price movements (% change): 15-Jun-2010