Thursday , 11 August 2022

Tag Archives: results

Video: Airbus Annual Press Conference 2013 (uncut)

Airbus President and CEO Fabrice Brégier and other top Airbus executives reviewed the company’s 2012 highlights and commercial activity, as well as detailed the company’s strategies and prospects for 2013, during a traditional year-opening media event held in Toulouse, France today. Scroll below for the video. It is 1h21m in length. Synopsis Airbus delivered a company record of 588 aircraft …

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Jet Airways Q2 FY 2012~2013 quarterly results financial analysis

Photo © Devesh Agarwal. Used with permission. India’s largest private carrier, Jet Airways, reported a net, post-tax loss of Rs. 99.7 Crore for the second quarter of fiscal year 2012-2013, representing a sharp improvement from the Rs. 713.6 Crore net loss recorded in the same period last year. This 84.8% improvement in results, pushed Jet Airways’ net margin up to …

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SpiceJet Q2 FY2012~2013 quarterly results financial analysis

Earlier this week, Indian low cost carrier SpiceJet posted a Rs. 163.5 Crore net loss for the second quarter of fiscal year 2012-13. While this represented a 32% better result than the same period last year, it is still a heavily disappointing result, giving the recent surge in the fortunes of India’s airlines after the shut-down of full service carrier …

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Kingfisher’s Q2 FY13 record loss of Rs. 1,115 crore is more than five times its revenue

One of the many Kingfisher aircraft stripped and left Financial beleaguered Kingfisher Airlines saw its second quarter revenue for fiscal year 2012~2013 plunge a massive 87% to just Rs. 200 crore (Rs. 2 billion) from almost Rs. 1,553 crore in the same quarter a year ago. The airline which has not operated a single flight since October 1, due to …

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Air traffic plunges 11.5%, as air fares rise. Jet Airways group crashes almost 21%, IndiGo down 11%.

Talk about irony. In March this year, Dr. Dinesh Keskar and Bangalore Aviation were discussing the double digit, yet profitless growth occurring in the Indian airline industry. Less than six months later, air traffic continues its fifth consecutive month of decline. Within, just the third calendar quarter, (second quarter of the fiscal year 2012~13), air traffic plunged over 11.5%, from …

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Jet Airways Q1 FY 2012-2013 analysis – prudent cost cutting leading to profits

When Mumbai based full service carrier Jet Airways reported a Rs. 33.3 Crore net pre-tax profit in the first quarter of fiscal year 2012-2013, it represented a resounding statement that the Indian airline industry may have finally found its footing. Photo copyright Devesh Agarwal. Having slipped to net losses in each quarter last year due to the near constant rise …

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IndiGo pips Jet to become largest domestic carrier in India. Mumbai airport most punctual.

Carrying 1.226 million passengers in July 2012, Gurgaon based IndiGo pipped the Jet Airways’ group (Jet Airways and JetKonnect) at 1.207 million, to become the largest domestic carrier in India. IndiGo’s market share has grown to 27.02%, at the expense of a failing Kingfisher Airlines whose market share has declined to a mere 3.44%. The country’s aviation regulator reports based …

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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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Kingfisher fiscal year 2012 results analysis. Will Kingfisher Airlines survive?

When Kingfisher Airlines, once India’s second largest domestic airline, reported a Rs. 2,328 Crore (1 Crore = 10 Million) net post-tax loss for fiscal year 2012, it was simply an affirmation of the dire straits that a once proud airline has fallen into. Of the Rs. 2,328 Crore net loss, a whopping Rs. 1151.5 Crores were lost in the fourth …

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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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SpiceJet Q3 Fiscal 2012 financial analysis: Q400 operations cushion the loss

The second financial analysis for the third quarter in India is of low fare carrier SpiceJet, who mirrored the performance of the industry by losing Rs. 39.26 crore in Q3 of Fiscal Year 2011~2012 (FY2012). Revenue growth for SpiceJet was strong, rising 41% to Rs. 1,175.8 Crore from Rs. 759 Crore Passengers carried were up 29.2% to 3.08 million; beating …

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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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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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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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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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