overview
This week in Asia-Pacific aviation has been dominated by Thai Airways International’s (THAI) optimistic fourth-quarter profit forecast as tourist arrivals into the country continue to improve.
THAI is due to announce the results for the July – September period on Wednesday. Analysts are already suggesting that any profit the carrier achieves for the quarter will be mainly due to foreign exchange gains and not the result of sustainable operations. Read More »
Airline News
China’s ‘Big Three + 1’ continue to disappoint in third-quarter
September data points to weak third-quarter results at the mainland’s ‘Big Three’ – Air China, China Eastern Airlines (CEA) and China Southern Airlines (CSN) – and the country’s number four – Hainan Airlines – even though it is traditionally their best-performing quarter. Read More »
Financial Round Up
Japan’s All Nippon Airways (ANA) reported a healthy improvement in profits for the first six months through September, as the airline’s rapid expansion in international markets provided a significant boost in revenue. Read More »
People
Virgin Australia chairman to step down
Neil Chatfield said he believed it was the right time to step down as chairman of Australia’s second-largest carrier Virgin Australia after seven years of service. Read More »
Short Takes
Airports: Singapore’s Changi International Airport reported a drop of 0.5% in passenger numbers for September as traffic continues to decrease year-over-year. The airport saw 4.25 million passengers and just over 27,020 aircraft movements—down from 4.65 million passengers and 28,360 movements in August 2014; the latter also registering a significant 5% decline compared to the same month last year. Read More »
Airline News
Mainland luggage rules revised
Authorities in mainland China are set on improving market conditions for the country’s burgeoning LCCs by removing restrictions on luggage allowances. Read More »
Airline News
MH370 search intensifies, Indonesia on the lookout for debris
The search for missing Malaysia Airlines flight MH370 has been accelerated in the past week as a third vessel arrived in the search zone to join two other vessels already engaged in performing a bathymetric survey of an area along an arc that the Australian Transport Safety Bureau (ATSB) determined was the most likely termination site for the B777-200ER. Read More »
