Thursday , 11 August 2022

Tag Archives: financial

Southwest Airlines posts net profit in Q4 2011

After falling to an unprecedented pretax loss of $226 in the third quarter of 2011, Dallas based Southwest Airlines once again returned to net profitability, earning $152 million, or 20 cents per diluted share. Revenue grew 32% to $4.1 billion, while operating expenses grew 37% (with fuel and related expenses jumping 59) (All figures vs. Q4 2011. Southwest’s performance beat …

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The financial mess that is Kingfisher (Guest Post at Cranky Flier)

Recently, Cranky Flier author Brett Snyder has begun publishing a series of guest posts as he and his wife are expecting their first child this week. I wrote a guest post for him on Kingfisher Airlines, and you can see the results below. Link to the post Could there ever be an airline as bad as Air India, who Cranky …

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Podcast: The chaos in the Indian airline sector and suit by ATA to block US Ex-Im bank funding to Air India

India has the world’s fastest growing airline sector – yes faster than even the Gulf, much of whose traffic is again driven by India. Year on year growth is 17%. Despite this, in its 100th year, the civil aviation sector in India is in near total financial chaos. Air India is a political plaything that has no business being a …

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Jet Airway’s auditors sound financial distress call

It appears that India’s largest carrier, Jet Airways, is heading in a similar direction of financial distress like its full service counterparts Air India and Kingfisher Airlines. A dirty and unwashed Boeing 777 of Jet Airways arrives at Mumbai from London. Reuters is reporting that Jet Airways reported to the Bombay Stock Exchange that its auditors, in a report dated …

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Strategic analysis of Kingfisher Airline’s Q2 FY12 results

Despite the extremely muted optimism of my co-author, Devesh Agarwal, Kingfisher’s results for the past quarter were on a number of levels, worse than those of Jet Airways. Given that Devesh has already provided a very succinct analysis of Kingfisher’s results, I will simply add in a few of my own thoughts focusing on past lesson and future strategy for …

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Kingfisher Airlines posts Rs. 469 cr loss in Q2 FY 2012. Pays 22% of revenue as interest and finance charges

Contrary to its claimed cash-starved position, Kingfisher Airlines has actually performed relatively better than its counter-part listed private airlines counter-parts in India. In a perverse silver lining to the ongoing fiscal crisis at Kingfisher, the airline slid from a net loss of Rs. 263 Cr. in the first quarter of fiscal year 2011~12 (FY12) to a net loss of Rs. …

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Jet Airways Q2 FY 2012 financial analysis – costs up on fuel and currency, yields down due to Air India price cuts

Note: JetLite financial results will be analyzed separately For the first financial analysis of Q2 FY 11-12, we will be taking a look at India’s largest international carrier, Jet Airways, who posted a net loss of Rs. 713.57 crore in the quarter, down sharply from a net profit of Rs. 12.43 crore during the same period last year. Jet posted …

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BREAKING: Jet Airways posts 713.6 crore loss in Q2 of FY 11-12

Mumbai based full service carrier Jet Airways has posted a Rs. 713.6 crore loss in the second quarter of FY 2011-2012, up from a loss of Rs. 156.8 crore in the first quarter. The carrier made a profit of 12.43 crores in the same period last year. Here are some of the key metrics for Jet Airways’ second quarter Revenue …

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UPDATE: SpiceJet posts Rs. 240 Cr. loss in Q2 FY 2012 on rising fuel costs

Gurgaon based low fare carrier SpiceJet has posted a loss of Rs. 240 Crore for the second quarter of fiscal 2011~2012, a sharp increase from the Rs. 72 Cr it had posted in the first quarter. The airline had posted a profit for the same quarter last year. More details shortly UPDATE: Partial financial results below We will be doing …

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Latest AMR financial results validate American Airline’s large narrow-body order

Earlier today, AMR corporation, the parent company of American Airlines, announced its financial results for the third quarter of 2011. Traditionally, the third quarter is the strongest financial quarter for US airlines. However, AMR posted a net loss of $162 million, $0.48 per diluted share. This stood in contrast to their $143 million net profit in the third quarter of …

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Dr. Mallya seeks to assure shareholders after media reports question Kingfisher financial viability

Over the last 15 days, Kingfisher Airlines has been savaged in the media (read articles here and here) based on a research report by analyst Neeraj Monga of Veritas Investment Research Corporation of Canada, which casts doubts on the airline’s viability. A report earlier today, in The Mint newspaper appears to be the straw that broke the camel’s back. The …

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Financial analysis of JetLite’s Q1 fiscal 2011~12 results

This is the final carrier-specific financial analysis for Q1, covering JetLite. The overall market picture will be studied in a separate analysis. Previous Analyses: Jet Airways, Kingfisher, SpiceJet Despite the positive results shown by its parent carrier Jet Airways in the face of rising fuel costs, low fare carrier JetLite succumbed to domestic competitive pressures, posting relatively poor results in …

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