http://webreports.mergent.com Industry Report - Aviation - February 2009 A Company and Industry Analysis February 2009 CONTENTS Current Environment • Secto rOve rview • Secto rPer forma nce • LeadingPlayers • Mergersand Alliances Industry Prole • IndustrySizeand V alue • Airl ineF leets • Polic yan dRegu lator y Environment Market Trends and Outlook • HedgingProblems Threaten Airlines • MoreJobandCapacity Cuts • AirT ravelGetsCheaper • Mark etOutlook Country Proles • Aus tr alia • China • Hon g Kong • Ja pan • Mal ays ia • Singapore Currency Conversion T able The Scope of this Report Key References Comparative Data Reports Coverage Current Environment — Key Points • Asia-Pacicairlines werehitbydwindlingdemandforairtravelascons umersandcompaniescut backontheirspendingamidtheglobalnancialturmoil. • Thecontinuingfallin oilpricespress uredairlinestodr oporreducetheirfuel surcharges. • T ostayaoatin thisperio dof marketmeltdownanddiminis hedconsume rcondence, airl ines scaledbacktheirexpansionpl ans,groundedplanesandadjus tedtheirightschedul es. • AnaverageofthesharepricesofeightAsia-Pacicairl inestrackedbyMergentdippedby0.55% intheJuly-September2008period. • Airlinesin Chinawerebruis edbyhugeloss esinfuelpr icehedgingandadecli neinthenumber of domesticandoverseastravelers. • Indi a’s King sher Airlinesentered intoa strategic and opera tiona l allia nce with arch- riva l Jet AirwayslastOctober. Industry Prole — Key Points • ThetopveAsia -Paci cairlin esrankedbythirdquart er2008revenues are Singa poreAi rlines, Kor ean Air , Air Chi na, Tha i Air way s and China Eas ter n Air lin es, acc ord ing to a Mer gent analysis. • TheAs ia-Pa cic’ svelarges tairlin esintermsofpass engertra fcemplo yed128,41 3peoplein 2007.Theircombinedeettotaled831aircraft. • Revenuesatthetop12air portgroupsinthe Asia-PacictotaledUS$5. 4billionin2007. • Theracetore-equipandreneweetsdeceleratedinthesecondhalfoflastyear,duetotheglobal economicdownturnandthesubsequentlowerdemandforairtravel. • Manyairlinesnditincreas ingdifculttogetloansfornewaircr aft,particularlyinthi speriodof fallingmarketsharesandongoingglobalcreditcrunch. • Chinaisprogress ivelyopeningits closelyguardedcivil aviationsectortocompetition. Market Tr ends and Outlook — Key Points • Withoilpricesnowinthe US$35toUS$40abarrelrang e,airlinesthathavehedg edathigherlevels areexpectedtoreportsignicanthedginglosses. • Moreairlinesareexpectedtor eporthighhedginglosses.Cathay PacicasofDecember31,2008 estimateditwould sufferhedgingl ossesofaboutHK $7.6billion(US$980.62million). • Asia-Pacicairlinesareexpectedtopressaheadwithmore rigorouscostreductionmeasuresand capacitycutstoprotecttheirmargins. • Faresareexpected toremainunder pressure,as airlinescontinue tobattlefor marketshare, amida backdropofslowerpassengergrowthandintensecompetition. • Monthlypassengervol umesintheIndianandChineseair lineindustrywil lcontinuetodecline,as theglobaldownturndiscouragesairtravel. • IA T Ahas projectedatotalwor ldwideindustry lossofapproximat elyUS$2.5billion for2009. 1 Asia-Pacific Aviation Sectors Adding Value to Information Since 1900
Welcome message from author
This document is posted to help you gain knowledge. Please leave a comment to let me know what you think about it! Share it to your friends and learn new things together.
Transcript
8/8/2019 Asia Pacific Aviation Feb09
http://slidepdf.com/reader/full/asia-pacific-aviation-feb09 1/32
8/8/2019 Asia Pacific Aviation Feb09
http://slidepdf.com/reader/full/asia-pacific-aviation-feb09 2/32
8/8/2019 Asia Pacific Aviation Feb09
http://slidepdf.com/reader/full/asia-pacific-aviation-feb09 3/32
8/8/2019 Asia Pacific Aviation Feb09
http://slidepdf.com/reader/full/asia-pacific-aviation-feb09 4/32
8/8/2019 Asia Pacific Aviation Feb09
http://slidepdf.com/reader/full/asia-pacific-aviation-feb09 5/32
8/8/2019 Asia Pacific Aviation Feb09
http://slidepdf.com/reader/full/asia-pacific-aviation-feb09 6/32
8/8/2019 Asia Pacific Aviation Feb09
http://slidepdf.com/reader/full/asia-pacific-aviation-feb09 7/32
8/8/2019 Asia Pacific Aviation Feb09
http://slidepdf.com/reader/full/asia-pacific-aviation-feb09 8/32
8/8/2019 Asia Pacific Aviation Feb09
http://slidepdf.com/reader/full/asia-pacific-aviation-feb09 9/32
8/8/2019 Asia Pacific Aviation Feb09
http://slidepdf.com/reader/full/asia-pacific-aviation-feb09 10/32
8/8/2019 Asia Pacific Aviation Feb09
http://slidepdf.com/reader/full/asia-pacific-aviation-feb09 11/32
8/8/2019 Asia Pacific Aviation Feb09
http://slidepdf.com/reader/full/asia-pacific-aviation-feb09 12/32
8/8/2019 Asia Pacific Aviation Feb09
http://slidepdf.com/reader/full/asia-pacific-aviation-feb09 13/32
8/8/2019 Asia Pacific Aviation Feb09
http://slidepdf.com/reader/full/asia-pacific-aviation-feb09 14/32
8/8/2019 Asia Pacific Aviation Feb09
http://slidepdf.com/reader/full/asia-pacific-aviation-feb09 15/32
8/8/2019 Asia Pacific Aviation Feb09
http://slidepdf.com/reader/full/asia-pacific-aviation-feb09 16/32
8/8/2019 Asia Pacific Aviation Feb09
http://slidepdf.com/reader/full/asia-pacific-aviation-feb09 17/32
8/8/2019 Asia Pacific Aviation Feb09
http://slidepdf.com/reader/full/asia-pacific-aviation-feb09 18/32
8/8/2019 Asia Pacific Aviation Feb09
http://slidepdf.com/reader/full/asia-pacific-aviation-feb09 19/32
8/8/2019 Asia Pacific Aviation Feb09
http://slidepdf.com/reader/full/asia-pacific-aviation-feb09 20/32
8/8/2019 Asia Pacific Aviation Feb09
http://slidepdf.com/reader/full/asia-pacific-aviation-feb09 21/32
8/8/2019 Asia Pacific Aviation Feb09
http://slidepdf.com/reader/full/asia-pacific-aviation-feb09 22/32
8/8/2019 Asia Pacific Aviation Feb09
http://slidepdf.com/reader/full/asia-pacific-aviation-feb09 23/32
8/8/2019 Asia Pacific Aviation Feb09
http://slidepdf.com/reader/full/asia-pacific-aviation-feb09 24/32
8/8/2019 Asia Pacific Aviation Feb09
http://slidepdf.com/reader/full/asia-pacific-aviation-feb09 25/32
8/8/2019 Asia Pacific Aviation Feb09
http://slidepdf.com/reader/full/asia-pacific-aviation-feb09 26/32
8/8/2019 Asia Pacific Aviation Feb09
http://slidepdf.com/reader/full/asia-pacific-aviation-feb09 27/32
8/8/2019 Asia Pacific Aviation Feb09
http://slidepdf.com/reader/full/asia-pacific-aviation-feb09 28/32
8/8/2019 Asia Pacific Aviation Feb09
http://slidepdf.com/reader/full/asia-pacific-aviation-feb09 29/32
8/8/2019 Asia Pacific Aviation Feb09
http://slidepdf.com/reader/full/asia-pacific-aviation-feb09 30/32
8/8/2019 Asia Pacific Aviation Feb09
http://slidepdf.com/reader/full/asia-pacific-aviation-feb09 31/32
8/8/2019 Asia Pacific Aviation Feb09
http://slidepdf.com/reader/full/asia-pacific-aviation-feb09 32/32
Related Documents
