Tag Archives: Performance

Jet Airways financial analysis – Q4 FY14

Last week, Mumbai based full service carrier Jet Airways announced that it had recorded a net loss of Rs. 267.89 Crore for the third quarter of fiscal year 2013/14 (FY13/14) or a net pre-tax loss of Rs. 27.12 per diluted share. The result reflects a reversal from a Rs. 85.0 Crore net pretax profit of Rs. 91.78 Crore (Rs. 9.85 …

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ATR increases turnover 13% to retain regional aircraft leadership

The Toulouse based regional aircraft manufacturer ATR, a joint venture between the Airbus Group and Alenia Aermacchi (a Finmeccanica Group company), grew its revenues 13 percent in 2013 to $1.63 billion from $1.44 billion in 2012. The company also increased deliveries by 16 percent to 74 aircraft in 2013 compared to 64 in 2012 and up 37 percent from the …

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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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Air India’s abysmal performance, 256 seat 787 flying with just 50 passengers

Air India Boeing 787-8 Dreamliner line number 35 test registered N1015 (later became VT-ANH) at the India Aviation show, Hyderabad March 2012. Photo copyright Devesh Agarwal.

While the establishment in both the civil aviation ministry and national carrier Air India continue to blow sunshine in our faces, and was eloquent about the “great recovery” by the airline, a story in The Hindustan Times newspaper shows how abysmal is the airline’s actual performance. The story headlines “Crew shortage holds up AI flight at Frankfurt” but the actual …

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Marginal decrease in August US passenger traffic from a year earlier

By BA StaffThe U.S. Department of Transportation’s Bureau of Transportation Statistics (BTS) reported that U.S. airlines carried 67.7 million systemwide (domestic and international) scheduled service passengers in August 2013, 0.1 per cent fewer than in August 2012. Domestic passengers decreased 0.9 percent to 58.1 million, and international passengers increased 5.5 per cent to 9.6 million compared to August 2012. Total …

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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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Dubai International’s passenger traffic up 13.1 per cent in September

By BA Staff Courtesy of Wikipedia Passenger traffic at Dubai International, the world’s second busiest airport for international passengers, rose 13.1 per cent in September, according to the latest traffic statistics issued yesterday by operator Dubai Airports. Passenger traffic in September totaled 5,407,326, an increase of 13.1 per cent compared to 4,780,394 during the corresponding month in 2012. Year to …

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July 2013 U.S. airline traffic data shows system passengers unchanged from 2012

By BA Staff Courtesy of Bts.gov The U.S. Department of Transportation’s Bureau of Transportation Statistics (BTS) reported that U.S. airlines carried 69.2 million systemwide (domestic + international) scheduled service passengers in July 2013, the same as in July 2012. The systemwide total was the result of a 0.7 percent decrease in the number of domestic passengers (59.3 million) and a …

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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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Boeing to begin modifying 787s for return to service

Boeing image Today’s approval of battery system improvements for the 787 Dreamliner by the U.S. Federal Aviation Administration (FAA) clears the way for Boeing and its customers to install the approved modifications and will lead to a return to service and resumption of new production deliveries. The FAA’s action will permit the return to service of 787s in the United …

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INFOGRAPHIC: Airline-wise share of international passenger traffic, to and from India, 2011 to 2012

Based on a report in The Economic Times we have prepared this infographic showing the airlines’ market share of international passenger traffic to and from India during fiscal 2011~2012. The chart throws up some surprises. SriLankan Airlines and Oman Air feature on this list, but Singapore Airlines does not. Hard to accept? and where is AirAsia? Share your thoughts via …

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Boeing deliveries for Q1 2013

US air-framer Boeing reported its deliveries for the first calendar quarter for the year 2013. The impact of the 787 Dreamliner grounding is noticeable in the figures.

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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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Air India to receive another Rs. 5000 Cr. equity infusion in fiscal 2013~14

by Devesh Agarwal As per the budget for fiscal 2013~14, presented yesterday in parliament, the Indian government has earmarked another Rs. 5,000 crore (about $900 million) for equity infusion into ailing national carrier Air India. This is the second tranche of a nine year, Rs. 30,000 crore (about $ 5.5 billion) tax-payer funded equity infusion, which is part of a …

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Happy Holidays from Bangalore Aviation as we cross 3 million annual hits

The entire team at Bangalore Aviation joins me in extending our warmest wishes for your safe and happy holiday celebration. We thank you for your consistent support. A few days back we crossed the 3 million annual page views mark. Making us the dominant aviation enthusiast site in India. You can see the annual views in the right column mid …

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Ajit Singh’s desire for Air India to be number one unleashes a fare war amongst Indian airlines

Less than a week ago the Union Minister of Civil Aviation Mr. Ajit Singh asked Air India to submit a plan to enhance its share in the domestic passenger market, with the ultimate goal of being number one. This desire, against a continuing decline in domestic air passenger numbers. In August only 4.369 million passengers travelled, down 4% from the 4.537 million of …

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INFOGRAPHIC: Three years Passenger Load Factors and On Time Performance 2009~2011

In parliament, the Indian civil aviation minister Mr. Ajit Singh released the historical information on the passenger load factors and the on-time performance for domestic operations of Indian carriers for the last three years i.e. from January 2009 to December 2011. The annual average for each airline is given, as is the average for all airlines for a given year, …

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IndiGo and Jet lead performance and market share but also in passenger complaints

India’s Directorate General of Civil Aviation reported domestic performance metrics of the seven Indian carriers for February 2011. Overall traffic was up 18.46% to 4.576 million passengers from 3.863 million passengers a year earlier. Cumulative traffic for 2011 is up 19.62% to 9.511 million from 7.951 in 2010. The Jet Airways group, comprising of Jet Airways, Jet Airways Konnect and …

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