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AviancaTaca Holdings 1Q profits

May 18, 2013 by feryomaha

During the first quarter of 2013, AviancaTaca Holdings reported operating income of USD$ 1.11 billion. This is equivalent to an increase of 6.0% with respect to the same period of 2012. Operating income came in at USD$ 108.1 million, a 31% increase over the same period of 2012. On the other hand, the EBITDAR (earnings before interest, tax, depreciation, amortization and aircraft rentals) recorded for the period was USD$ 205.2 million, a 14.3% increase over the same period of 2012. […]

Categories: Airlines • Tags: AviancaTaca, Profits

KLM to add two more 777s

May 18, 2013 by feryomaha

KLM is to take delivery of two Boeing 777-300ERs in spring 2015, one from Boeing and another from Air Lease, taking its total 777-300ER fleet to 10 aircraft. It has also extended leases on three 737-800s and one 777-200ER that are already operating in KLM’s fleet. A KLM spokesman confirmed that the Dutch carrier has ordered one aircraft direct with Boeing. This is due to arrive in April 2015. The Air Lease aircraft, also a new 777-300ER, will be delivered […]

Categories: Aircraft, Airlines • Tags: 777, Boeing, KLM

Croatia Airlines faces bankruptcy if restructuring fails

May 17, 2013 by feryomaha

As the strike by Croatia Airlines pilots and flights attendants over pay cuts stretches into its third day, Minister of Transport Sinisa Hajdas Doncic said the carrier would go bankrupt if the restructuring plan is not put into action. The walkout, which began early Tuesday, continued Thursday as management and unions failed to reach a deal on new contracts after two days of negotiations. Local newspapers reported the restructuring measures include plans to cut around 200 employees and salaries to […]

Categories: Airlines • Tags: Bankruptcy, Croatia Airlines

Transaero 2012 net profit down 51%

May 17, 2013 by feryomaha

Russia’s Transaero Airline reported 2012 full-year net profit RUB902 million ($28.7 million), down 51% compared to the year-ago period. Transaero said the results were due to the significant increase in fuel prices, social payments and taxes. Revenue rose 13% to RUB97.6 billion and traffic revenue increased 35% to RUB90.3 billion year-over-year. Revenue from asset transactions lowered 64% to RUB 6.8 billion. Transaero is the second largest airline in Russia. In 2012 it carried 10.32 million passengers, up 22.2% over 2011. […]

Categories: Airlines • Tags: Profit, Transaero

LATAM Airlines Q1 profit

May 16, 2013 by feryomaha

LATAM Airlines Group SA’s first-quarter net profit skidded to $42.7 million, or nearly half of a year earlier, on foreign exchange fluctuations, a drop in cargo revenue and the grounding of its three Dreamliners, the company said on Tuesday. The carrier, which is the fruit of Chilean LAN’s takeover of Brazil’s TAM in June, said in a statement to Chile’s securities regulator that its net profit fell 43.8 percent from $76.1 million in the year ago period. But LATAM Airlines […]

Categories: Airlines • Tags: LAN, LATAM, Profit, TAM

Southwest launches Boeing 737-7 MAX

May 16, 2013 by feryomaha

Southwest Airlines, the U.S. low-cost carrier which launched the original Boeing 737-300, 737-500, 737-700 Next Generation and 737 MAX has become the first customer for the shorter-bodied -7 version of Boeing’s re-engined MAX family. The announcement brings total MAX orders to 1,315, including the recently confirmed deal with Turkish Airlines for 40 737-8s and 10 737-9s. It also marks the launch of the third variant of the MAX family, which Southwest officially inaugurated with a deal for 150 firm orders […]

Categories: Aircraft, Airlines • Tags: 737, 737-7, Boeing, Southwest Airlines

Copa Holdings reports 1Q profit

May 15, 2013 by feryomaha

Copa Holdings reported net income of US$113.8 million for 1Q13, or diluted earnings per share (EPS) of US$2.56. Excluding special items, Copa Holdings would have reported an adjusted net income of $124.4 million, or $2.80 per share, a 37.3% increase over adjusted net income of US$90.6 million and US$2.04 per share for 1Q12. Operating income for 1Q13 came in at US$142.6 million, a 27.9% increase over operating income of US$111.6 million in 1Q12. Operating margin for the period came in […]

Categories: Airlines • Tags: Copa, Profit

Gol posts 1Q loss

May 15, 2013 by feryomaha

Brazilian airline Gol Linhas Aereas posted a bigger net loss in the first quarter than a year earlier, as losses from currency hedges offset profitability gains from a year of cutting its payroll and flight network. The airline reported a net loss of 75 million reais ($37 million), according to a late Monday filing, after a loss of 41 million reais a year earlier. Still, a 30 percent cut in employee costs from a year before allowed Gol to substantially […]

Categories: Airlines • Tags: Gol, Loss

Turkish Airlines finalizes 737 MAX and 737NG order

May 14, 2013 by feryomaha

Boeing and Turkish Airlines today finalized a firm order for 40 737 MAX 8s, 10 737 MAX 9s and 20 Next-Generation 737-800 jets, valued at $6.9 billion at list prices. The order, originally announced as a commitment last month, also includes options for an additional 25 737 MAX 8s and is the largest Boeing order in Turkish Airlines’ history. “We are delighted to finalize the order, which will considerably expand our fleet and contribute to our continued growth,” said Temel Kotil, PhD, President and CEO of Turkish […]

Categories: Aircraft, Airlines • Tags: 737, 737 Max, Boeing, Turkish

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Virgin America posts 2012 loss

May 13, 2013 by feryomaha

Virgin America said it’s close to turning around its financial losses and could be ready for an initial public offering as early as next year. The airline reported another annual loss on Monday, but it’s aiming for a profit in the second half of the year after reworking debt it owes to Richard Branson’s Virgin Group and others. The improved finances should be one step on its way toward a public offering in late 2014 or in 2015, CEO David […]

Categories: Airlines • Tags: Losses, Virgin America

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