Wednesday , 17 August 2022

Tag Archives: financial

Infographic: Air India break-up of expenditure 2013-14

A tail parade of each of Air India's Boeing aircraft as in 2011. The 747-400, 777-300ER, 777-200LR and 737-800.

Based on the statement of the Indian Minister of State for civil aviation to the Indian parliament we have produced this graph showing the expenses of Air India for the fiscal year that ended March 31, 2014. Total expenditure for the year 2013-14 was Rs 25,050.60 crores (approximately $ 4.04 billion) against a total passenger revenue of Rs 15,551.79 and …

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Analysis: Operational profit eludes Jet Airways in Q2 FY2015, outlook positive

Jet Airways' Boeing 737-800 VT-JBD

Jet Airways, India’s largest private airline recently announced results for the second quarter (Q2) and the half-year (1H) for fiscal 2014~2015. The results were the first after a joint announcement with 24% stake holder Etihad Airways PJSC about the airline ceasing operations of its low cost JetKonnect brand exiting the segment. The Jet Group operates two airline operator licenses. 9W …

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Air India’s loss making international operations – Analysis – Part 2 – alarming costs

A tail parade of each of Air India's Boeing aircraft as in 2011. The 747-400, 777-300ER, 777-200LR and 737-800.

Continuing our analysis in to national carrier Air India’s international operations which loses money on all but two flights, yesterday we published part 1 of the three part analysis which focussed on the numbers, today’s analysis comes from Bangalore Aviation guest analyst and former co-author Vinay Bhaskara. Vinay’s strength is finance, and he focusses on the costs of Air India. …

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Air India’s loss making international operations – Analysis – Part 1

Air India cabin crew. Photo courtesy Star.

Last week we reported on the massive loses made by national carrier Air India on 57 of its 59 international flights. Over the next few days we will bring you differing points of view on Air India’s international operations. Today is from a professional analyst at one of the world’s leading aviation consulting and advisory practices. He cannot be named …

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Spicejet pre-tax loss narrows to Rs 124 crore in Q1 FY2015. Company says due to restructuring.

SpiceJet Boeing 737-800WL VT-SZK in special crew livery. With all our heart slogan. Photo courtesy Spicejet.

Embattled low fare carrier SpiceJet, reported a loss before tax of Rs 124.10 crore (approx. $20.8 million) for the first quarter of fiscal 2014~2015, ended June. This compared to the profit of Rs 50.56 crore in the same quarter a year earlier. Total income from operations fell to Rs 1,691.04 crore down from Rs 1,701.54 crore in the same quarter …

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Jet Airways trims losses 39% ups revenue 17% on Etihad lifeline; to discontinue JetKonnect

India’s largest private airline, Jet Airways, trimmed its losses by almost 39% to Rs.217 crore (approx. US$ 36.17 million at an exchange rate of Rs.60=$1), in the first quarter of fiscal 2014~2015 which ended on June 30, 2014, when compared to the same period a year ago. Much of this performance increase is due to the financial and operational lifeline …

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Air India to get Rs.6,500 crore bailout this year

A tail parade of each of Air India's Boeing aircraft as in 2011. The 747-400, 777-300ER, 777-200LR and 737-800.

National carrier Air India will receive a total of Rs.6,500 crore (about $1.08 billion) financial bail-out this year. The tax-payer funded bailout is part of a package exceeding Rs. 30,000 crore (about $6 billion at the time) approved in April 2012 and to be completed over nine years. In his maiden budget budget yesterday, the finance minister Arun Jaitley proposed …

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Analysis: Air India misses turnaround targets by 25%, posts Rs.5000 crore loss

As per a report in The Economic Times, national carrier Air India has missed its financial performance targets by a huge margin. The airline agreed to these targets with the government in order to receive a whopping Rs.30,000 crore ($6 billion at the time) tax-payer funded bailout. The national carrier already saddled with debts exceeding Rs.40,000 crore ($6.8 billion) has …

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Emirates grows profits 43% benefiting from network expansion

The largest of the middle east big 3 (MEB3) airlines, Dubai-based Emirates recorded a massive 43% increase in annual profits as it reaped the benefits of a significant expansion of its route network and induction of new aircraft. The airline recorded an annual profit of 3.3 billion dirhams (US$ 887 million) at a margin of 3.9% on a record annual …

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Higher commercial aircraft volumes propel Boeing to strong first quarter growth

Driven by a 23 percent increase in operations earning in its commercial aircraft segment, the Boeing Company (NYSE: BA) reported first-quarter revenue increased eight percent to $20.5 billion (Table 1). Highlights of the results are Core EPS (non-GAAP)* of $1.76 on continued strong operating performance; GAAP EPS of $1.28 Revenue increased 8 percent to $20.5 billion reflecting higher commercial deliveries …

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Etihad Airways announces record profits for fiscal 2013

Etihad Airways Boeing 777-300ER A6-ETK London Heathrow

On Monday, Middle East Big 3 (MEB3) carrier Etihad Airways announced a record $62 million net profit for 2013, up 47.6% year-over-year (YOY) from $42 million in 2012. The carrier saw total revenue grow 27.1% YOY to $6.1 billion, while expenses rose 26.9% to $6.04 billion. Total capacity as measured in available seat kilometres (ASKs) grew 16.6% YOY while traffic …

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Analysis: SpiceJet third quarter fiscal 2013~2014 results – excess capacity killing industry

Earlier this week, low cost carrier SpiceJet reported its latest round of disappointing financial results, reporting a Rs. 172.80 crore net loss for the third quarter of fiscal year 2013~2014 (3Q FY14), swinging from a net profit of Rs. 102.01 crore during the same period last year. The carrier blamed high fuel prices and rupee depreciation for the net loss, …

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Air India operational and financial analysis 2010~2013 with infographics

A tail parade of each of Air India's Boeing aircraft as in 2011. The 747-400, 777-300ER, 777-200LR and 737-800.

In response to a series of questions from law-makers, the Indian civil aviation minister Ajit Singh and his junior minister K.C. Venugopal gave some operational insight to the Indian parliament on national carrier Air India. It was the first time, in recent memory where we obtained some numbers on the otherwise very opaque airline. Air India debt and equity As …

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US airlines and pilots sue US Exim bank to stop Air India loan guarantees

Claiming unfair advantage being giving to foreign carriers, Delta Air Lines, one of the world’s largest, along with the Air Line Pilots Association (ALPA) which represents 47,000 pilots working for 28 U.S. commercial airlines, and Hawaiian Airlines, have sued the Export-Import Bank of the United States for providing cheap financing in the form of $1.3 billion in loan guarantees and …

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Opinion: SpiceJet will order Boeing 737 MAX only in next fiscal, after funds infusion

Last the week the newswires were abuzz with stories about Indian budget carrier SpiceJet ordering up to 40 Boeing 737 MAX aircraft. While the ordering of the new fuel efficient MAXs is a foregone conclusion, given the airline’s need to continue its growth, the timing is not certain. What is certain is the airline’s precarious financial position. For the second …

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Alaska Air group approves quarterly cash dividend of 20 cents per share

By BA Staff The board of directors of Alaska Air Group has approved a quarterly cash dividend of 20 cents per share to all shareholders of record as of Nov. 19. The dividend will be paid on Dec. 4. Air Group paid a quarterly dividend of 20 cents per share in August, the first time since 1992 that the company …

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