The combined market cap of the five largest airline companies in the world plunged by $40.9bn since January, reaching a total of $36.9bn at the end of last week.
According to data gathered by BuyShares.co.uk, the combined market cap of the Delta Air Lines, American Airlines, Lufthansa Group, United Airlines, and Air France – the world’s five largest public airline companies by revenue – amounted to $77.8bnin January this year. Th figure plunged to $25.3bn in the third week of March, a 67% fall since the beginning of the year. The combined market cap further fell to $25bn at the end of May.
The market cap increased by nearly $12bn in the last two months, reaching $36.9bn in the third week of July. However, the value represents a 52% plunge compared to January figures.
Statistics show the market cap of Delta Air Lines, the world’s largest airline by revenue, stumbled by 54% amid COVID-19 crisis, falling from $35.5bn in January to $16.5bn in the third week of July.
The combined value of shares of American Airlines, the second-largest airline by revenue, and the leading airline by flown passenger kilometers, stood at $4.8bn last week, a 58% fall since the beginning of the year.
United Airlines have witnessed a 57% drop in market capitalization in the last seven months, with the value plunging from $19.3bn in January to $8.2bn last week. Data indicates the three largest airlines in the United States lost a total of $36.7bn in combined market capitalization amid coronavirus outbreak.
The world’s third-largest airline by revenue, Lufthansa Group, has also witnessed a substantial fall in the total value of shares in the last seven months. In January, the market cap of Europe’s largest airline stood at $7.42bn. After the Black Monday Crash, the total value of the company’s shares stumbled to $4.49bn, a 40% drop in three months. Statistics show that Lufthansa market capitalization amounted to $5.51 at the end of last week, a 25% drop since the beginning of the year.
Air France, the world’s fifth-largest airline by revenue, lost $2.2bn in market cap amid the COVID-19 crisis. In January, the total value of the company’s shares stood at $4.2 bn. By the end of the last week, it fell to under $2bn. Statistics show the two largest European airlines on this list lost $4.1bn in combined market capitalization since the beginning of the year.
The aviation industry has been one of the worst hit by the pandemic, with travel restrictions and the lockdown rules are expected to cause airline passenger revenues to drop by $300bn in 2020.
The Indonesian Navy (Tentara Nasional Indonesia Angkatan Laut / TNI AL) recently launched two Pari-class patrol vessels. Constructed by PT…
A delegation from the Royal Malaysian Air Force (Tentera Udara Diraja Malaysia / TUDM) is reportedly set to engage in…
VARD, a subsidiary of the Fincantieri Group based in Norway, secured a contract to construct two Commissioning Service Operation Vessels…
Leonardo announced the finalization of an agreement to sell its Underwater Armaments Systems (UAS) division to Fincantieri on Thursday. “The…
General Atomics Aeronautical Systems, Inc. (GA-ASI) is partnering with Shift5 to integrate the company’s onboard cyber anomaly detection and predictive…
The Malaysian Ministry of Defence (Mindef) has finalised 40 agreements totalling RM7.3 billion, encompassing seven contracts valued at RM1.90 billion,…
Leonardo, an Italian aerospace company, and the Ministry of Defense of Malaysia (Mindef) have marked a significant milestone during the…
Turkish land systems manufacturer Otokar is displaying its Cobra II and Akrep II armoured vehicles at DSA. The Cobra II…
Systems Engineering & Assessment (SEA), a technology company based in the UK, proudly displays its advanced decoy launcher Ancilia, at…
The Czech Republic’s Excalibur Army has its debuts in the ongoing show. The company is bringing a few small scale…
Turkiye’s Secretariat of Defence Industries (Savunma Sanayii Başkanlığı-SSB), has two main objectives: modernization of Turkish Armed Forces, and establishing&developing a…
Malaysian company, Smart Weapon Storage Inntech Sdn Bhd (SWS), which has been around for 20 years, aims to extend its…
“We will continue to provide tailored solutions to our customers,” said Cem Altinisik, FNSS Corporate Communication Manager in an interview…
Tony Chegwidden, the Director of Business Development International at EDGE Group, is sharing his thoughts regarding the group’s focus and…
Boeing has advanced its manned-unmanned teaming (MUM-T) technology using a digital F/A-18 Super Hornet and MQ-25 Stingray. The testing shows…
Malaysia’s Lumut Naval Shipyard Sdn Bhd (LUNAS) inked a Memorandum of Understanding (MoU) with Indonesian shipbuilder PT PAL Indonesia at…
Prime Minister of Malaysia, Datuk Seri Anwar Ibrahim, attended the unveiling of MALVUS SENSE SDN BHD’s CW-25H, a significant development…
KNDS France which is the main provider of artillery systems for the Royal Malaysian Army and a strategic industrial partner…
The upcoming 10th edition of Indo Defence 2024 Expo & Forum, renowned as one of the foremost international defence industry…
Malaysian firm MILDEF International Technologies unveiled its new Tarantula, 4x4 High Mobility Armoured Vehicle (HMAV) at the ongoing DSA. Also…
Nurol Makina and Nadicorp (Badanbas) are showing their NMS 4X4 armoured vehicle in Royal Malaysian Army camouflage for the first…
South African defence firm Denel is presenting its portfolio of guided weapons and land defence systems at the show. “Denel…
The Malaysian armed forces are accelerating their procurements of modern military equipment in their quest to transform their combat capability.…
PT Dirgantara Indonesia (PTDI) is currently participating in the Defense Services Asia (DSA) 2024 defence exhibition, scheduled from 6th to…
The French defence company and a leader in ground mobility solutions, Arquus is showcasing its proven range of defence and…
Tell me about Cendana Auto, and the products that you're featuring here? Cendana Auto is 100% a local Malaysian company,…
Thailand’s defence land system company, Chaiseri, is bringing three of its First Win (FW) series armoured vehicles to the show.…
Turkish weapons company Roketsan is showcasing its broad range of missile equipment at the ongoing show including its new generation…
Malaysia will buy 10 AN/AAQ-33 Sniper Advanced Targeting Pods from the United States. The proposed sale will improve Malaysia’s capability…
As far as high-profile visits go, this one was right up there on the list. After speaking at the opening…
Headquartered in Singapore with reporters spread across all major regions, GBP Aerospace & Defence is a leading media house that publishes three publications that serve the aerospace and defence sector - Asian Defence Technology, Asian Airlines & Aerospace and Daily News. Known industry-wide for quality journalism, GBP Aerospace & Defence is present at more international tradeshows and exhibitions than any other competing publication in the region.
For over three decades, our award-winning team of reporters has been producing top-notch content to help readers stay abreast of the latest developements in the field of commercial aviation, MRO, defence, and Space.
Copyright 2024. GBP. All Rights Reserved.
Home Defence & Security Space Commercial Aviation Maintence Repair & Overhaul Daily News Events About Us
2024 GBP all rights reserved.