Thursday , 11 August 2022

Tag Archives: financial

Emirates group first half fiscal 2014 net profits up 4%. Airline net profit up 2% to $475 million

by Devesh Agarwal Emirates A380. Photo copyright Devesh Agarwal. The Emirates Group, the aviation holding company of the Al Maktoum family which rules Dubai, and the parent of Emirates airline, announced its first half (April to September) results of the fiscal year 2014 (ending March 31, 2014) today. Group The Emirates Group revenues reached AED 42.3 billion (US$ 11.5 billion) …

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SpiceJet posts record Rs. 559 crore loss in Q2 FY2014. Needs urgent capital infusion.

by Devesh Agarwal Gurgaon based low fare carrier SpiceJet Ltd., continued the record of disastrous performance in the Indian airline industry when it announced a record Rs. 559 crore loss for the second quarter, ended September 30, of the fiscal year 2013~2014. This compared to the Rs. 163.5 crore loss from the same quarter last fiscal, and a Rs. 50.5 …

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Alaska Air group reports record third quarter fiscal 2013 results

By BA Staff Alaska Air Group, Inc., reported third quarter 2013 GAAP net income of $289 million, or $4.08 per diluted share, compared to $163 million, or $2.27 per diluted share in the third quarter of 2012. Excluding the impact of mark-to-market fuel hedge adjustments of $20 million ($12 million after tax, or $0.17 per diluted share), and a one-time …

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Boeing reports robust third quarter fiscal 2013 results. Raises full year earnings guidance

by Devesh Agarwal Chicago based, US aerospace and defence giant The Boeing Company reported earnings of $1,160 million, a massive 12% jump in its third-quarter profit compared to $1,030 million from the same period a year ago. The company has also raised its 2013 financial performance outlook, based on an increase in commercial aircraft deliveries. Key highlights of the quarter …

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Delta Air Lines reports strong September traffic results

by BA StaffAmerican full service carrier Delta Air Lines reported its traffic results for September 2013. Unit passenger revenues continued the summer’s strong performance, increasing 5.5% year over year. Highlights include: 5.5% increase in passenger revenue per available seat mile (PRASM) Projected September quarter per gallon fuel price: $2.98 – $3.03 September mainline completion factor 99.9% September on time performance: …

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Analysis: SpiceJet to launch Delhi-Macau

by Vinay Bhaskara A report in the Macau Business Daily states that Gurgaon based low cost carrier (LCC) SpiceJet is planning on launching nonstop flights between Delhi and Macau. SpiceJet has already won approval from the Indian government to launch Delhi-Macau, likely using Boeing 737 equipment. But it has not yet filed for approval from the Macau government. A Macau …

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Ethiopian Airlines reports record profits, stands behind Dreamliner despite fire

Image Credit: Konstantin von Wedelstaedt by Vinay Bhaskara African carrier Ethiopian Airlines has announced a record net profit of 2.03 billion birr (US $107.6 million) for the period from July 2012 – June 2013, up 178% from 734 million birr (US $39.2 million)year-over-year (YOY). Operating profitability also rose a healthy 170% YOY to 2.7 billion birr (US $143.1 billion), from 1 …

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Analysis: Qantas more than doubles full year profit as rival Virgin Australia loses money

by Vinay Bhaskara Image Credit: Paul Spijkers Australian airline group Qantas Group has reported an underlying pre-tax profit of AUD 192 million (US $171.5 million) for the year ended 30th June 2013, more than doubling from AUD 95 million for the year ending 30th June 2012. Broken up by segment, profit for Qantas mainline domestic fell 21% year-over-year (YOY) to AUD …

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Cathay Pacific July 2013 traffic results

Hong Kong based full service carrier Cathay Pacific Airways posted its consolidated (including regional arm Dragonair) traffic results for July 2013, showing an increase in passenger traffic offset by a decrease in cargo tonnage. Find the details below. 20th August 2013 Cathay Pacific Airways today released combined Cathay Pacific and Dragonair traffic figures for July 2013 that show a year-on-year …

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Malaysia Airlines posts operating profit in Q2 2013

by Vinay BhaskaraNewly minted oneworld alliance member Malaysia Airlines saw progress in Q2 2013 in its corporate turnaround plan as the carrier swung to a RM (Malaysian Ringgit) 8 million (US $2.4 million) operating profit from an operating loss of RM 102 million (US $31.0 million) during the same period a year prior. The performance was buoyed by 14% revenue …

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Jet Airways Q1 FY2013~14 performance analysis – part 2 – JetLite, aircraft utilization, and ancillary revenues

by Vinay Bhaskara JetLite continues to be a (modest) bright spot in Jet Airways’ broader operations. The low cost wing of Jet Airways, which was recently merged with the JetKonnect brand to streamline low cost operations, reported a net post-tax profit of Rs. 6.9 Crore, down from Rs. 11.7 Crore a year prior. An increased proportion of JetKonnect’s fleet was …

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Jet Airways Q1 FY2013~14 performance analysis – part 1 – Financials

by Vinay Bhaskara and Devesh Agarwal Earlier this week, Mumbai based Jet Airways announced a net post-tax loss of Rs. 355.4 Crore (US $ 59.8 million) for the first quarter of Fiscal Year 2014, reversing from a Rs. 24.7 Crore net profit during the same period a year prior. Total revenues declined a whopping 12.3% to Rs. 4, 064.4 Crore …

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BREAKING: US Airways Shareholders Approve Merger With American Airlines

by Vinay BhaskaraEarlier today, at its annual general meeting for shareholders, the shareholders of Tempe, Arizona based US Airways voted to approve the merger between US Airways and Fort Worth, Texas based American Airlines. The merger, which would create the world’s largest carrier by passengers carried, was announced on February 14, 2013. Under the terms of the merger agreement, US …

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Analysis: Etihad post strong results; government fears over Jetihad overblown

by Vinay Bhaskara Abu Dhabi based full service carrier Etihad Airways announced yesterday that it had achieved record revenue growth for the second quarter and first half of 2013. For Q2 2013, passenger revenues grew a robust 8% to $921 million, while passenger revenues for the first half of 2013 hit $1.8 billion, up 13% from $1.6 billion in 2012. …

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Analysis: Strong first quarter for Etihad bodes well for Jetihad deal

by Vinay Bhaskara Abu Dhabi based full service carrier Etihad Airways reported record results for the first quarter of 2013. Revenues grew a whopping 18.7% year over year to $900 million, up from $758 million in Q1 of 2012. In its 10th year of operations, Etihad also saw cargo revenues grow 17% to $193 million. Passenger figures also reached a …

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Cathay Pacific Group – financial and operational results for 2012

by Devesh Agarwal Cathay Pacific Group FY2012 overall results Hong Kong based, Cathay Pacific Group reported an attributable profit of HK$916 million (approximately $118.08 million) for 2012 – an 83.3% fall compared to the profit of HK$5,501 million reported for 2011, even though turnover for the year increased by 1.0% to HK$99,376 million (approximately $12.81 billion). Earnings per share fell …

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Analaysis: Etihad reports full year 2012 profit; equity investments beneficial for both Etihad and partners

by Vinay Bhaskara Etihad Airways Boeing 777-300ER — Image Credit Etihad Airways Abu Dhabi based Eithad Airways reported its second straight year of profitability, with calendar year 2012 witnessing a net profit of US $42 million (versus $14 million), on revenues of $4.8 billion (up from $4.1 billion in 2011). Full year EBITDAR (earnings before interest, taxes, depreciation, amortization, and …

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Jet Airways Q3 fiscal 2012~2013 financial and operational analysis

by Vinay Bhaskara and Devesh Agarwal Late last week, Mumbai based full service carrier Jet Airways reported an excellent Rs. 85 Crore net profit for the third quarter of Fiscal Year 2012-13, mirroring the financial performance of rival low cost carrier (LCC) SpiceJet and the general resurgence of the Indian airline market as a whole. For the quarter, Jet recorded …

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Spicejet reports profit in Q3 FY2013 – Financial and operational analysis

By Vinay Bhaskara and Devesh Agarwal In a result that represents a positive sign for the prospects of the Indian airline industry moving forward, Gurgaon based low cost carrier (LCC) SpiceJet reported a Rs. 102 Crore (US $19 million) net profit for the third quarter of fiscal year 2012-13 (FY 12-13), a sharp improvement from the results in both the …

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