Gurgaon based low fare carrier SpiceJet has made a remarkable comeback from its financial troubles just a little over seven months back. The airline has reported a net profit of Rs 71.8 crore (Rs 718 million) for the first quarter of fiscal year 2015-2016. This is the highest profit for the first quarter ever reported by the airline and the …
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Bangalore Aviation has produced a set of graphics which provide significant insight in the domestic operating performance of Indian carriers for the last 12 months. The source data is obtained from India’s regulator The Directorate General of Civil Aviation. On time performance One of the key selling points of IndiGo, India’s largest domestic airline, is, on time performance (OTP). As …
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by Ameya Joshi Jet Airways, India’s largest private airline reported its third quarter fiscal year 2014-15 (FY2015) results on February 6, 2015, reporting a wafer thin operating profit after seven consecutive quarters. The airline moved to full service operations in December 2014 and the quarter reflected a mix of full service and low cost operations. Wafer thin profits The airline …
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Keeping in line with the weak economic growth in India, domestic air passenger traffic grew a tepid 9.7% during 2014. In 2013 61.426 million passengers travelled, which grew to 67.383 million. Monthly data and info-graphics December is the peak month for travel in India, both international and domestic. As the stacked monthly graph shows, in December 6.44 million (64.4 lakhs) …
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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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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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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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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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India registered a growth of 5.31% in domestic air passenger traffic for the eight months of 2014 ending August compared to the same period last year. Indian airlines carried 43.325 million passengers from January to August 2014 compared to 41.140 in the eight months of 2013. Month to month traffic grew 8.31% to 5.697 million in August 2014 from 5.26 …
Read More »-Click on any of the graphs for a larger view Even as India’s overall domestic passenger traffic in July fell to 5.25 million passengers down about 8% from 5.69 million in June, data released by the civil aviation regulator, the DGCA, shows budget carrier Spicejet Ltd. was the only large airline which grew its traffic while the rest of its …
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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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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 …
Read More »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. …
Read More »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 ($6.8 billion) has …
Read More »Gurgaon-based budget carrier SpiceJet Ltd., announced an annual loss of Rs. 1,003 crore for fiscal year ending on March 31, 2014. This is the biggest loss in the carrier’s history and represents a five fold increase compared to Rs. 191 crore loss reported last year. Loss for the fourth quarter was Rs. 321 crore up from a loss of Rs. …
Read More »The largest of the middle east big 3 (MEB3) airlines, Dubai-based Emirates recorded a massive 43% increase in annual profits as it reaped the benefits of a significant expansion of its route network and induction of new aircraft. The airline recorded an annual profit of 3.3 billion dirhams (US$ 887 million) at a margin of 3.9% on a record annual …
Read More »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 …
Read More »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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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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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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