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Tag Archives: results

Kingfisher Q1 FY2013 analysis – losses exceed three times the revenue. Is the end near?

Beleaguered full service carrier Kingfisher Airlines has served notice of its dire straits, by reporting a massive Rs. 963.3 Crore net pre-tax loss in the first quarter of fiscal year 2012~2013. Even as Kingfisher Airlines chairman Vijay Mallya wrote a controversial letter to Kingfisher’s employees asking them to work without pay for the next few months, it appears that Kingfisher …

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Your views: Topic of the week: Profits at IndiGo

Amidst all the turmoil in the Indian airline sector, one airline has stood out as a beacon of profitability in the surrounding gloom. Low cost carrier (LCC) IndiGo has once again posted a net profit for the fiscal year ending March 2012, according to a report in the Financial Chronicle. “We have recorded profits in 2011-12 too though it’s likely …

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Kingfisher Airlines Q3 FY2012 financial analysis

The past few days have been admittedly brutal for Kingfisher. Whether it was suspending flights entirely from Kolkata, or dealing with a particularly critical journalist, the events that befell Kingfisher stopped just short of catastrophic. The immediate pressure appears to have been relieved by loans from State Bank of India, which will go further onto the hook for Kingfisher to …

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Jet Airways Q3 2012 financial analysis

Once again, we will be beginning our financial analyses for Q3 of FY 2012 with an analysis of India’s largest airline Jet Airways, who posted a modest net loss of Rs. 101.2 Crore, down sharply from a net profit of Rs. 217.9 Crore in the same period last year. Q3 is typically the best quarter for Indian carriers, so to …

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2011 gives airlines mixed signals. Passenger traffic up 5.9% but freight contracts 0.7%

The International Air Transport Association (IATA) reported that full year 2011 passenger demand rose 5.9% compared to 2010, in line with long-term growth trends. In contrast, cargo markets contracted by 0.7% for the year. Growth in demand lagged behind capacity increases at 6.3% for passenger and 4.1% for cargo putting downward pressure on load factors and fares. The average passenger …

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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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Podcast – India overview. Kingfisher LCC withdrawal, IndiGo results, SpiceJet’s Q400 success

By Devesh Agarwal In this India overview podcast Vinay Bhaskara, Addison Schonland, and myself, cover: the announcement of Kingfisher Airlines to withdraw from the LCC segment and what could some of the reasons behind this announcement. The continued financial success of IndiGo as announced by their results The astounding initial success of the recently commenced Q400 turbo-prop service of SpiceJet. …

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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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Air India reports operational profit. True long term improvement or just a peak month jump?

National carrier Air India has recorded it’s second consecutive month of operational profit. The carrier posted an operating surplus of Rs 49.48 Crores ($11.22 million) in December 2010, up from Rs 21.66 crore in November 2010. While the carrier feels this is largely due to recent efforts at improvement in efficiency parameters and adoption of better yield management strategies, most …

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Jet Airways posts strong growth in Q3 fiscal 2011 – an analysis

Aided by the resurgent Indian economy, improvement in global business and leisure travel, Mumbai based Jet Airways group (Jet Airways, Jet Airways Konnect, and JetLite) posted strong results for the third quarter of fiscal year 2011, which ended December 31, 2010 Profit before tax for group for the quarter increased a whopping 122% from Rs. 109.8 crore (US$ 23.6 million) …

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Analysis: SpiceJet Q2 fiscal 2011 results and 30 Bombardier Q400 regional turbo-prop order

Gurgaon based low fare carrier SpiceJet, announced its fourth successive quarter of profits today. Even though, the carrier declared a meagre Rs. 100 million net profit for the second quarter (ending September 30, 2010) of the financial year 2010~2011, this is in sharp contrast to the loss of almost Rs. 1 billion compared to the same quarter last fiscal. The …

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AirAsia fiscal 2009 performance review

AirAsia Berhad announced net profits of RM549 million ($162 million) for the full year 2009 despite what is described as the worst year in aviation history. While globally passenger demand fell by 3.5%, AirAsia grew its passenger numbers by 21% to 14.25 million for the Malaysian operation. The combined Malaysian, Thailand andIndonesian operations forming the AirAsia Group increased passenger numbers …

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SpiceJet review – Q3 results, preparations for international operations, new aircraft

India’s second largest value carrier, SpiceJet, has been in the news over the last ten days with a variety of announcements. Maintenance contract with MAS-GMR Aerospace Engineering Company Ltd. and MAS Aerospace Engineering (MAE) SpiceJet has signed a three year maintenance support agreement with MAE for the carrier’s fleet of all Boeing 737-800 and 737-900ER aircraft. SpiceJet is the launch …

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