AIRLINE NEWS
Monday, May 19, 2008
Ethiopian Airlines says profits may hit record high
Ethiopian Airlines net profits for the first nine months of 2007/08 reached 484 million birr, the airline said in a statement late on Friday.
The state-owned carrier posted net profits of 129 million birr in 2006/07. The statement predicted that, based on the first nine months of 2007/08, the airline would achieve a record net profits and revenues.
Expenses for the same period rose by 21 percent, the brunt of which Chief Executive Girma Wake said was spent on fuel.
"Fuel price remains of concern to the industry as a whole and Ethiopian believes that costs will continue to escalate into the next quarter given the present trend in price of fuel," Wake said.
Revenues for the period rose 29 percent to 6.6 million birr, he said. The airline transported 1.9 million passengers, a 19 percent increase on last year.
Wake said the improvements in revenue and traffic were due to increased frequency of flights, the introduction of new routes and an increase in cargo revenue.
Source: af.reuters.com
The state-owned carrier posted net profits of 129 million birr in 2006/07. The statement predicted that, based on the first nine months of 2007/08, the airline would achieve a record net profits and revenues.
Expenses for the same period rose by 21 percent, the brunt of which Chief Executive Girma Wake said was spent on fuel.
"Fuel price remains of concern to the industry as a whole and Ethiopian believes that costs will continue to escalate into the next quarter given the present trend in price of fuel," Wake said.
Revenues for the period rose 29 percent to 6.6 million birr, he said. The airline transported 1.9 million passengers, a 19 percent increase on last year.
Wake said the improvements in revenue and traffic were due to increased frequency of flights, the introduction of new routes and an increase in cargo revenue.
Source: af.reuters.com
Labels: ethiopian airlines, fuel, profit
Sunday, November 04, 2007
BA sees pre-tax profits soar
British Airways said pre-tax profits soared by more than a quarter to £593 million in the first six months of its financial year.
ukpress.google.com (page not found)
ukpress.google.com (page not found)
Labels: British Airways, profit
Thursday, November 01, 2007
Strong travel demand boosts profits at Singapore Airlines
Buoyant travel demand has raised net profits at Singapore Airlines (SIA) by 73.2 percent in the three months to September compared with the same period a year ago, the airline said Wednesday.
afp.google.com
afp.google.com
Labels: profit, Singapore Airlines
Malaysia Airlines eyes record earnings in 2007, predicts drop in fares
Malaysia Airlines said Wednesday it aims to post record earnings this year after a business revamp, and expects to cut fares by up to 7 percent in the next few years.
nytimes.com
nytimes.com
Labels: malaysia airlines, profit
Thursday, October 25, 2007
China Southern Airlines reports 49 pct jump in 3Q net profit
China Southern Airlines Co. Ltd., the country's largest carrier by fleet size, reported a sharp rise in third quarter net profit Thursday, but gave no reason for the increase.
nytimes.com
nytimes.com
Labels: china southern airlines, profit
Wednesday, October 24, 2007
JetBlue Q3 Profit Jumps to $23 Million
JetBlue Airways Corp. shares rose more than 5 percent Tuesday after the low-cost carrier reported its first third-quarter profit in two years as it added planes and packed them fuller with passengers.
Source: biz.yahoo.com
Source: biz.yahoo.com
Friday, October 19, 2007
Continental Airlines profit edges higher
Continental Airlines Inc. said Thursday that international travel supported a slim rise in third-quarter profit, moderated by a charge related to pilot pension-plan settlements.
marketwatch.com
marketwatch.com
Labels: Continental Airlines, profit
Tuesday, October 09, 2007
Air France-KLM says traffic rose 5.3 percent in September
Air France-KLM, the world's largest airline by revenue, said Monday that its passenger traffic rose 5.3 percent in September after the company boosted capacity.
nytimes.com
nytimes.com
Labels: Air France-KLM, profit
Wednesday, August 29, 2007
Air China Net Rises Threefold on Business Travelers
Air China Ltd., the world's biggest airline by market value, said first-half profit jumped more than threefold as the country's surging economy spurred demand for business travel.
bloomberg.com
bloomberg.com
Friday, August 17, 2007
Jetstar pushes Qantas to a $1b profit
Qantas yesterday gave a billion reasons why its 141,000 shareholders rather than a five-strong group of private equity players should own the Flying Kangaroo.
smh.com.au
smh.com.au
Labels: Jetstar, profit, Qantas
Saturday, August 04, 2007
BA rises above troubles as earnings hit £289m
Troubled airline British Airways has seen a big improvement in its profits, although it warned that full-year revenue was expected to slow.
www.scotsman.com
www.scotsman.com
Labels: British Airways, profit
Wednesday, August 01, 2007
Ryanair profit growth slows on lower fares
Ryanair Holdings Plc, Europe's biggest discount airline, reported the slowest increase in quarterly profit in a year after the carrier slashed ticket prices to attract passengers.
biz.thestar.com.my
biz.thestar.com.my
Friday, July 20, 2007
Delta profit beats Street forecast
Delta Air Lines Inc. cited a 5.5 percent gain in sales as it reported today that it swung to a profit in the second quarter, which saw it emerge from bankruptcy after shaving billions of dollars in costs.
news.cincypost.com (page not found)
news.cincypost.com (page not found)
Labels: bankruptcy, Delta, profit
Southwest Airlines hit by labor costs, fuel prices
Southwest Airlines reported a 17 percent drop in second-quarter profit Wednesday and blamed high fuel prices and labor costs for the disappointing results.
azcentral.com (page not found)
azcentral.com (page not found)
Labels: fuel, profit, southwest airlines
Thursday, May 24, 2007
Air France-KLM profit rises 32 per cent
Air France-KLM has announced a plan to save 1.4 billion euros over three years after it posted a 32.5 per cent rise in profit for the 06-07 operating year.
cnn.com (page not found)
cnn.com (page not found)
Labels: 32.5 per cent, Air France-KLM, profit
Friday, April 20, 2007
Gol Air cuts profit outlook up to 25 per cent as demand falls
Latin America's largest market value carrier has cut its profit forecast this year as much as 25 per cent as demand for air travel in Brazil drops due to widespread airport delays.
bloomberg.com
bloomberg.com
Labels: Brazil, Gol Air, profit
Tuesday, March 27, 2007
Delta sees end to bankruptcy woe
Delta Airlines has said that it expects to emerge from bankruptcy by late April and would operate with a profit this year.
bbc.co.uk
bbc.co.uk
Labels: bankrupt, Delta, profit
Thursday, March 01, 2007
AirAsia chalks up best quarterly results
AirAsia has recorded its best quarterly results, with net profits surging 192.7 per cent to RM150.1 million from RM51.3 million.
thestar.com.my
thestar.com.my
Labels: AirAsia, profit, quarterly
Wednesday, February 21, 2007
Frills add substance for Virgin
Virgin Blue's shift from being purely a low cost carrier is proving to be a lucrative move, with the airline predicting a 60 per cent rise in annual profits.
theage.com.au
theage.com.au
Labels: low cost airline, profit, Virgin Blue
Wednesday, February 07, 2007
EasyJet predicts 50% growth in profits
EasyJet's first quarter revenues have risen 15 per cent, with passenger numbers rising by 10 per cent, as it joins its close rival Ryanair in predicing a strong financial performance this year.
guardian.co.uk
guardian.co.uk
Labels: EasyJet, profit, revenue
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