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Tag Archives: FY2014

Air India pays 18x delay compensation of private airlines. To deduct salaries of those responsible.

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 a bold move national carrier Air India has put errant employees and vendors who delay flights on notice. The airline will deduct salaries of employees and caterers found responsible for delays of flights. The Maharaja which has one of the worst one-time performance (OTP) records amongst Indian carriers, has been instructed by the top bureaucrat in the civil aviation …

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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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Boeing deliveries for second quarter 2014

US airframer Boeing reported its deliveries for the second quarter (April to June) 2014. The manufacturer reported at 12.5% increase in its commercial aircraft deliveries driven by a 66% increase in deliveries of its newest aircraft, the 787 Dreamliner, compared to the first quarter of this year. The narrow-body 737NG family also yielded gains. Defence programs maintained a level keel. …

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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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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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Boeing deliveries for first quarter 2014

US aerospace major, Boeing has reported its deliveries for the first quarter of 2014 Major Programs 1st Qtr
2014 Year-to-Date
2014 Commercial airplanes 737 Next Generation 115 115 747 4 4 767 – – 777 24 24 787 18 18 Total commercial airplanes 161 161 Defense, Space & Security AEW&C 1 1 Apache (New Builds) 10 10 Chinook (New Builds) 17 17 …

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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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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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Japan Airlines revises its flights and fleet plans for financial year 2013~14

Japan Airlines Group (JAL) today announced revisions made to its flight frequency and fleet plans for the remaining of fiscal year 2013(ending March 31, 2014). In regards to the airline’s domestic network, flight frequencies on select routes will be adjusted to better meet demand as well as the changes in customer travel patterns including seasonal travel patterns in order to …

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