WestJet announces 18th consecutive quarter of profitability Airline reports third quarter net earnings of $31.4 million

Size: px
Start display at page:

Download "WestJet announces 18th consecutive quarter of profitability Airline reports third quarter net earnings of $31.4 million"

Transcription

1 FOR IMMEDIATE RELEASE WestJet announces 18th consecutive quarter of profitability Airline reports third quarter net earnings of $31.4 million CALGARY, ALBERTA. November 4, WestJet (TSX:WJA) today announced third quarter results for The airline reported net earnings of $31.4 million or 24 cents per diluted share; this compared to the third quarter of 2008 net earnings of $57.9 million or 45 cents per diluted share. We are extremely happy to have once again turned a difficult economic period into another profitable quarter, said WestJet President and CEO Sean Durfy. For more than a year now, economic instability has been eroding consumer confidence. The third quarter saw continued scrutiny from price-sensitive Canadians, resulting in airlines stimulating demand through aggressive pricing. Regardless, we believe we will produce margins that are among the best in North America. Our success this quarter, and every quarter, is a direct result of the efforts and abilities of WestJetters who are committed to ensuring guests receive the best value for their hard-earned dollars. WestJet reported an operating margin of 12.8 per cent, compared to 14.0 per cent in the third quarter of WestJet s third quarter 2009 pre-tax margin was 8.3 per cent, compared to 11.5 per cent in the same 2008 period. Relief from significantly lower fuel costs, compared to the same period in 2008, considerably off-set our drop in revenue, added Sean Durfy. Our ability to successfully stimulate demand while keeping our controllable costs in line played an important part in our strong margins. Operating highlights (stated in Canadian dollars) Q Q Change Year-todate 2009 date 2008 Year-to- Change Net earnings (millions) $31.4 $57.9 (45.7%) $78.0 $136.5 (42.8%) Diluted earnings per share $0.24 $0.45 (46.7%) $0.61 $1.04 (41.3%) Revenue (millions) $600.6 $718.4 (16.4%) $1,711.1 $1,933.7 (11.5%) ASM (available seat miles) (billions) (1.1%) % RPM (revenue passenger miles) (billions) (3.2%) (0.3%) Load factor 79.7% 81.4% (1.7 pts.) 78.7% 80.9% (2.2 pts.) Yield (revenue per revenue passenger mile) (cents) (13.7%) (11.3%) RASM (revenue per available seat mile) (cents) (15.5%) (13.7%) CASM (cost per available seat mile) (cents) * (14.4%) * (11.9%) CASM, excluding fuel and employee profit share (cents) * 2.5% * 2.8% *The 2008 comparatives have been restated due to a change in accounting policy. Throughout the quarter, we remained committed to our strategy, stated Sean Durfy. The recent successful cutover to our new reservation system was a major milestone for our airline. This transition from our old system to our new system has been difficult on our guests and our people. We are

2 extremely appreciative of our guests, who have shown tremendous loyalty and patience, as we implement changes that will enhance the benefits we can provide. We offer a heartfelt apology for this inconvenience and assure you that we will be back to our high standards of excellent service very soon. Sean Durfy continued, Our new reservation system provides the capabilities necessary to properly support our growing business and deliver on key strategic initiatives like attracting more business travellers, increasing ancillary revenue and enabling airline partnerships. Completing a project of this magnitude was no small feat, and it wouldn t have been possible without our hard-working team of WestJetters who are extremely invested in the success of our airline. In the third quarter, WestJet revised its aircraft delivery schedule and completed an equity offering that brought the airline s cash balance to $961.6 million. The challenges that we encountered leading up to the end of the third quarter are creating a lot of uncertainty around the remainder of 2009 and into 2010, explained Sean Durfy. We smoothed our aircraft delivery schedule, enhanced flexibility around our fleet and capacity, and added 14 more aircraft to our future growth plans. Our equity offering strengthened our balance sheet and provided an additional level of comfort for meeting our future growth commitments. Throughout the remainder of the year, WestJet will implement its Frequent Guest Program and cobranded credit card program; continue to grow its vacations business, which is already seeing year-todate revenue improvements of over 80 per cent; and take delivery of an additional five aircraft for an end-of-year fleet size of 86. Capacity for the fourth quarter is expected to increase two to three per cent, with all new capacity being deployed into our transborder and international markets, said Sean Durfy. We have enhanced our winter schedule with 10 new sun destinations, and bookings for WestJet Vacations remain strong. We are encouraged by talks of recovery, commented Sean Durfy. In the past six to eight weeks, we have seen indications that RASM declines have levelled off, and we are seeing signs of improvement from what we were previously experiencing. While it is still too early to predict the strength or speed of a potential recovery, we feel optimistic about the future and the continued success of our airline. WestJet also reported third quarter improvements for all three categories of operational performance. WestJet calculates its on-time performance and completion rate based on the U.S. Department of Transportation's standards. WestJet's baggage ratio represents the number of delayed or lost baggage claims made per 1,000 guests. The airline strives to be one of the top North American airlines for these three operational performance metrics. Q Q Change Year-todate 2009 Year-todate 2008 Change On-time performance 87.5% 83.8% 3.7 pts. 83.2% 79.7% 3.5 pts. Completion rate 99.5% 99.4% 0.1 pts. 98.9% 98.9% - Bag ratio % % Caution regarding forward-looking statements Certain information set forth in this press release, including but not limited to information regarding WestJet's operational plans for the remainder of 2009, capacity projections, new winter schedule, anticipated aircraft delivery schedule, implementation of strategic programs and projections as to RASM in the fourth quarter of 2009, contain forward-looking statements. By their nature, forward-looking statements are subject to numerous risks and uncertainties, some of which are beyond WestJet's control. These forward-looking statements are based on currently available implementation plans, agreements and bookings, but may vary due to factors including, but

3 not limited to, delay in aircraft delivery, change in customer demand, general economic conditions, H1N1 impact and availability of personnel and outside consultants. These and additional risk factors are discussed in WestJet's most recent Annual Information Form (AIF) and in other documents WestJet files from time to time with securities regulatory authorities, which are available through the Internet on WestJet's SEDAR profile at Readers are cautioned that undue reliance should not be placed on forward-looking statements as actual results may vary materially from the forward-looking statements. WestJet does not undertake to update any forwardlooking statements, except as is required by law. The Management's Discussion and Analysis and Consolidated Financial Statements and Notes for the three and nine months ended, 2009, are available through the Internet on westjet.com or WestJet's SEDAR profile at Conference call WestJet will hold its quarterly analysts' conference call today at 9 a.m. MST (11 a.m. EST). WestJet President and CEO Sean Durfy, and Executive Vice-President of Finance and CFO Vito Culmone, will discuss WestJet's third quarter 2009 results and answer questions from financial analysts. The conference call is available by calling (in Toronto) or through the toll-free telephone number The call can also be heard live through an Internet webcast in the Media and Investors section of westjet.com. About WestJet WestJet is Canada's preferred airline, offering scheduled service throughout its 66-city North American and Caribbean network. Named one of Canada's most admired corporate cultures in 2005, 2006, 2007 and 2008, WestJet pioneered low-cost flying in Canada. WestJet offers increased legroom, leather seats and live seatback television provided by Bell TV on its modern fleet of 81 Boeing Next-Generation 737 aircraft. With future confirmed deliveries for an additional 54 aircraft through 2016, WestJet strives to be one of the five most successful international airlines in the world. For additional information, please contact: WestJet Media Relations WJ 4 NEWS ( ) ropalmer@westjet.com Website: WestJet Investor Relations investor_relations@westjet.com

4 Consolidated Statement of Earnings (Stated in thousands of Canadian dollars, except per share amounts) Three months ended Nine months ended Revenues: Guest revenues $ 557,413 $ 656,782 $ 1,539,756 $ 1,739,787 Charter and other revenues 43,217 61, , , , ,375 1,711,078 1,933,723 Expenses: Aircraft fuel 150, , , ,871 Airport operations 84,131 84, , ,856 Flight operations and navigational charges 78,327 72, , ,817 Marketing, general and administration 52,034 54, , ,789 Sales and distribution 41,721 43, , ,857 Depreciation and amortization 36,072 35, , ,656 Inflight 26,155 27,018 85,338 79,404 Aircraft leasing 26,676 22,799 78,858 63,340 Maintenance 22,414 21,826 72,388 60,949 Employee profit share 5,476 11,453 12,378 26, , ,082 1,536,626 1,700,326 Earnings from operations 76, , , ,397 Non-operating income (expense): Interest income 965 6,077 4,047 19,861 Interest expense (16,729) (18,947) (51,340) (57,628) Gain (loss) on foreign exchange (7,140) 6,249 (11,552) 10,246 Loss on disposal of property and equipment (140) (93) (853) (226) Loss on derivatives (4,329) (10,995) (989) (10,995) (27,373) (17,709) (60,687) (38,742) Earnings before income taxes 49,603 82, , ,655 Income tax expense: Current ,102 2,245 Future 17,475 24,616 33,660 55,930 18,185 24,708 35,762 58,175 Net earnings $ 31,418 $ 57,876 $ 78,003 $ 136,480 Earnings per share: Basic $ 0.24 $ 0.45 $ 0.61 $ 1.06 Diluted $ 0.24 $ 0.45 $ 0.61 $ 1.04

5 Consolidated Balance Sheet (Stated in thousands of Canadian dollars), 2009 December 31, 2008 Assets Current assets: Cash and cash equivalents $ 961,648 $ 820,214 Accounts receivable 19,635 16,837 Future income tax 4,093 8,459 Prepaid expenses, deposits and other 42,068 53,283 Inventory 18,714 17,054 1,046, ,847 Property and equipment 2,320,989 2,269,790 Intangible assets 13,596 12,060 Other assets 58,246 71,005 $ 3,438,989 $ 3,268,702 Liabilities and shareholders equity Current liabilities: Accounts payable and accrued liabilities $ 198,995 $ 249,354 Advance ticket sales 301, ,354 Non-refundable guest credits 59,486 73,020 Current portion of long-term debt 165, ,721 Current portion of obligations under capital lease , ,844 Long-term debt 1,062,326 1,186,182 Obligations under capital lease Other liabilities 17,393 24,233 Future income tax 276, ,740 2,081,754 2,192,712 Shareholders equity: Share capital 628, ,885 Contributed surplus 69,933 60,193 Accumulated other comprehensive loss (20,465) (38,112) Retained earnings 679, ,024 1,357,235 1,075,990 Commitments and contingencies $ 3,438,989 $ 3,268,702

6 Consolidated Statement of Shareholders Equity (Stated in thousands of Canadian dollars) Three months ended Nine months ended Share capital: Balance, beginning of period $ 453,862 $ 452,318 $ 452,885 $ 448,568 Issuance of shares pursuant to stock option plans 227 Stock-based compensation expense on stock options exercised ,052 11,072 Stock-based compensation expense on executive share units exercised Issued on public offering 172, ,463 Issuance of shares pursuant to employee share purchase plan 7,236 7,236 Share issue costs (7,456) (7,456) Tax effect of share issue costs 1,991 1,991 Shares repurchased (7,091) 628, , , ,776 Contributed surplus: Balance, beginning of period 65,000 55,394 60,193 57,889 Stock-based compensation expense 5,577 2,735 11,361 10,854 Stock-based compensation expense on stock options exercised (75) (458) (1,052) (11,072) Stock-based compensation expense on executive share unit settlement (569) (569) 69,933 57,671 69,933 57,671 Accumulated other comprehensive loss: Balance, beginning of period (18,534) (11,001) (38,112) (11,914) Other comprehensive income (loss) (1,931) 1,284 17,647 2,197 (20,465) (9,717) (20,465) (9,717) Retained earnings: Balance, beginning of period 647, , , ,365 Change in accounting policy (14,613) (10,147) (10,518) Shares repurchased (22,329) Net earnings 31,418 57,876 78, , , , , ,998 Total accumulated other comprehensive loss and retained earnings 658, , , ,281 Total shareholders equity $ 1,357,235 $ 1,059,728 $ 1,357,235 $ 1,059,728

7 Consolidated Statement of Comprehensive Income (Stated in thousands of Canadian dollars) Three months ended Nine months ended Net earnings $ 31,418 $ 57,876 $ 78,003 $ 136,480 Other comprehensive income (loss), net of tax: Amortization of hedge settlements to aircraft leasing ,050 1,050 Net unrealized gain (loss) on foreign exchange derivatives under cash flow hedge accounting (2009 net of tax $53 and $217; 2008 ($499) and ($779)) (138) 1,124 (294) 1,668 Reclassification of net realized gain on foreign exchange derivatives to net earnings (2009 net of tax nil and $1,576; 2008 $226 and $364) (506) (3,977) (837) Net unrealized gain (loss) on fuel derivatives under cash flow hedge accounting (2009 net of tax $2,493 and ($1,525)) (6,140) 316 3, Reclassification of net realized loss on fuel derivatives to net earnings (2009 net of tax ($1,673) and ($7,279)) 3,997 17,425 (1,931) 1,284 17,647 2,197 Total comprehensive income $ 29,487 $ 59,160 $ 95,650 $ 138,677

8 Consolidated Statement of Cash Flows (Stated in thousands of Canadian dollars) Three months ended Nine months ended Operating activities: Net earnings $ 31,418 $ 57,876 $ 78,003 $ 136,480 Items not involving cash: Depreciation and amortization 36,072 35, , ,656 Amortization of other liabilities (860) (235) (1,749) (704) Amortization of hedge settlements ,050 1,050 Unrealized loss on derivative instruments 2, , Issuance of shares pursuant to employee share purchase plan 7,236 7,236 Loss on disposal of property and equipment , Stock-based compensation expense 5,577 2,735 11,361 10,854 Income tax credit receivable (1,952) Future income tax expense 17,475 24,616 33,660 55,930 Unrealized foreign exchange loss (gain) 7,985 (6,900) 7,121 (11,103) Change in non-cash working capital 24,811 (36,626) 12,705 98, ,818 77, , ,034 Financing activities: Increase in long-term debt 33, ,782 Repayment of long-term debt (41,387) (54,945) (124,470) (137,827) Decrease in obligations under capital lease (99) (95) (294) (280) Issuance of shares 172, , Share issue costs (7,456) (7,456) Shares repurchased (29,420) Increase in other assets (1,419) (4,084) Change in non-cash working capital 1,691 (689) 672 (2,895) 125,212 (23,313) 40,915 (72,497) Investing activities: Aircraft additions (24,065) (36,572) (108,261) (110,528) Other property and equipment and intangible additions (7,772) (27,285) (44,228) (63,497) Other property and equipment disposals 170 (31,837) (63,857) (152,489) (173,855) Cash flow from (used in) operating, financing and investing activities 226,193 (9,859) 142, ,682 Effect of foreign exchange on cash and cash equivalents (4,176) 4,382 (1,087) 6,273 Net change in cash and cash equivalents 222,017 (5,477) 141, ,955 Cash and cash equivalents, beginning of period 739, , , ,558 Cash and cash equivalents, end of period $ 961,648 $ 806,513 $ 961,648 $ 806,513 Cash interest paid $ 16,431 $ 18,849 $ 51,637 $ 57,822 Cash taxes paid $ 2,712 $ 428 $ 6,037 $ 1,790

9 Operating Highlights Three months ended Nine months ended Change Change ASMs 4,503,392,044 4,551,211,270 (1.1%) 13,175,067,069 12,850,828, % RPMs 3,587,028,442 3,705,367,631 (3.2%) 10,373,856,153 10,402,104,231 (0.3%) Load factor 79.7% 81.4% (1.7 pts.) 78.7% 80.9% (2.2 pts.) Yield (cents) (13.7%) (11.3%) RASM (cents) (15.5%) (13.7%) CASM (cents) * (14.4%) * (11.9%) CASM, excluding fuel and employee profit share (cents) * 2.5% * 2.8% Fuel consumption (litres) 218,950, ,606,557 (1.2%) 642,244, ,609, % Fuel costs per litre (dollars) (37.3%) (33.3%) Segment guests 3,654,097 3,749,679 (2.5%) 10,523,659 10,765,268 (2.2%) Average stage length (miles) (1.0%) % Utilization (hours) (7.2%) (4.8%) Number of full-time equivalent employees at period end 6,062 6,275 (3.4%) 6,062 6,275 (3.4%) Fleet size at period end % % * Reconciliation of non-gaap measures to GAAP To supplement the consolidated financial statements presented in accordance with Canadian GAAP, WestJet uses various non- GAAP performance measures. These measures are provided to enhance the reader s overall understanding of WestJet s current financial performance and are included to provide investors and management with an alternative method for assessing the operating results in a manner that is focused on the performance of ongoing operations and to provide a more consistent basis for comparison between quarters. These measures are not in accordance with, or an alternative to, Canadian GAAP and do not have standardized meanings. Therefore, they are not likely to be comparable to similar measures presented by other entities. WestJet excludes the effects of aircraft fuel expense and employee profit share expense to assess the operating performance of the business. Fuel expense is excluded from operating results due to the fact that fuel prices are impacted by a host of factors outside WestJet s control, such as significant weather events, geopolitical tensions, refinery capacity and global demand and supply. Excluding this expense allows WestJet to analyze its operating results on a comparable basis. Employee profit share expense is excluded from operating results due to its variable nature and excluding this expense allows greater comparability. CASM, excluding fuel and employee profit share (Stated in thousands of Canadian dollars, except per unit amounts) Three months ended Nine months ended Operating expenses - GAAP $ 523,654 $ 618,082 $ 1,536,626 $ 1,700,326 Adjusted for: Aircraft fuel expense (150,648) (244,544) (421,716) (625,871) Employee profit share expense (5,476) (11,453) (12,378) (26,787) Operating expenses, excluding above items non-gaap $ 367,530 $ 362,085 $ 1,102,532 $ 1,047,668 ASMs 4,503,392,044 4,551,211,270 13,175,067,069 12,850,828,937 CASM, excluding above items (cents) non-gaap

MIRAMAR, Fla., April 29, 2015 (GLOBE NEWSWIRE) -- Spirit Airlines, Inc. (Nasdaq:SAVE) today reported first quarter 2015 financial results.

MIRAMAR, Fla., April 29, 2015 (GLOBE NEWSWIRE) -- Spirit Airlines, Inc. (Nasdaq:SAVE) today reported first quarter 2015 financial results. April 29, 2015 Spirit Airlines Announces First Quarter 2015 Results; Adjusted Net Income Increases 87.1 Percent to $70.7 Million and Pre-Tax Margin Increases 900 Basis Points to 22.7 Percent MIRAMAR, Fla.,

More information

Copa Holdings Reports Net Income of $136.5 million and EPS of $3.22 for the First Quarter of 2018

Copa Holdings Reports Net Income of $136.5 million and EPS of $3.22 for the First Quarter of 2018 Copa Holdings Reports Net Income of $136.5 million and EPS of $3.22 for the First Quarter of 2018 May 9, 2018 PANAMA CITY, May 9, 2018 /PRNewswire/ -- Copa Holdings, S.A. (NYSE: CPA), today announced financial

More information

AIR CANADA REPORTS 2010 THIRD QUARTER RESULTS; Operating Income improved $259 million or 381 per cent from previous year s quarter

AIR CANADA REPORTS 2010 THIRD QUARTER RESULTS; Operating Income improved $259 million or 381 per cent from previous year s quarter AIR CANADA REPORTS 2010 THIRD QUARTER RESULTS; Operating Income improved $259 million or 381 per cent from previous year s quarter MONTRÉAL, November 4, 2010 Air Canada today reported operating income

More information

Spirit Airlines Reports First Quarter 2017 Results

Spirit Airlines Reports First Quarter 2017 Results Spirit Airlines Reports First Quarter 2017 Results MIRAMAR, Fla., April 28, 2017 - Spirit Airlines, Inc. (NASDAQ: SAVE) today reported first quarter 2017 financial results. GAAP net income for the first

More information

Copa Holdings Reports Net Income of $57.7 million and EPS of $1.36 for the Third Quarter of 2018

Copa Holdings Reports Net Income of $57.7 million and EPS of $1.36 for the Third Quarter of 2018 Copa Holdings Reports Net Income of $57.7 million and EPS of $1.36 for the Third Quarter of 2018 November 14, 2018 PANAMA CITY, Nov. 14, 2018 /PRNewswire/ -- Copa Holdings, S.A. (NYSE: CPA), today announced

More information

OPERATING AND FINANCIAL HIGHLIGHTS. Subsequent Events

OPERATING AND FINANCIAL HIGHLIGHTS. Subsequent Events Copa Holdings Reports Net Income of $103.8 million and EPS of $2.45 for the Third Quarter of 2017 Excluding special items, adjusted net income came in at $100.8 million, or EPS of $2.38 per share Panama

More information

Adjusted net income of $115 million versus an adjusted net loss of $7 million in the second quarter of 2012, an improvement of $122 million

Adjusted net income of $115 million versus an adjusted net loss of $7 million in the second quarter of 2012, an improvement of $122 million Air Canada Reports Record Second Quarter 2013 Results Highest Adjusted Net Income, Operating Income and EBITDAR Results for Second Quarter in Air Canada s History Adjusted net income of $115 million versus

More information

Spirit Airlines Reports Fourth Quarter and Full Year 2016 Results

Spirit Airlines Reports Fourth Quarter and Full Year 2016 Results Spirit Airlines Reports Fourth Quarter and Full Year 2016 Results MIRAMAR, FL. (February 7, 2017) - Spirit Airlines, Inc. (NASDAQ: SAVE) today reported fourth quarter and full year 2016 financial results.

More information

OPERATING AND FINANCIAL HIGHLIGHTS SUBSEQUENT EVENTS

OPERATING AND FINANCIAL HIGHLIGHTS SUBSEQUENT EVENTS Copa Holdings Reports Net Income of US$6.2 Million and EPS of US$0.14 for the Third Quarter of 2015 Excluding special items, adjusted net income came in at $37.4 million, or EPS of $0.85 per share Panama

More information

OPERATING AND FINANCIAL HIGHLIGHTS

OPERATING AND FINANCIAL HIGHLIGHTS Copa Holdings Reports Financial Results for the Fourth Quarter of 2015 Excluding special items, adjusted net income came in at $31.7 million, or EPS of $0.73 per share Panama City, Panama --- February

More information

Copa Holdings Reports Net Income of $49.9 million and EPS of $1.18 for the Second Quarter of 2018

Copa Holdings Reports Net Income of $49.9 million and EPS of $1.18 for the Second Quarter of 2018 Copa Holdings Reports Net Income of $49.9 million and EPS of $1.18 for the Second Quarter of 2018 Panama City, Panama --- Aug 8, 2018. Copa Holdings, S.A. (NYSE: CPA), today announced financial results

More information

Copa Holdings Reports Record Earnings of US$41.8 Million for 4Q06 and US$134.2 Million for Full Year 2006

Copa Holdings Reports Record Earnings of US$41.8 Million for 4Q06 and US$134.2 Million for Full Year 2006 Copa Holdings Reports Record Earnings of US$41.8 Million for 4Q06 and US$134.2 Million for Full Year 2006 Panama City, Panama --- March 7, 2007. Copa Holdings, S.A. (NYSE: CPA), parent company of Copa

More information

OPERATING AND FINANCIAL HIGHLIGHTS. Subsequent Events

OPERATING AND FINANCIAL HIGHLIGHTS. Subsequent Events Copa Holdings Reports Net Income of US$113.1 Million and EPS of US$2.57 for the First Quarter of 2015 Excluding special items, adjusted net income came in at US$106.0 million, or EPS of US$2.41 per share

More information

OPERATING AND FINANCIAL HIGHLIGHTS SUBSEQUENT EVENTS

OPERATING AND FINANCIAL HIGHLIGHTS SUBSEQUENT EVENTS Copa Holdings Reports Financial Results for the Third Quarter of 2016 Excluding special items, adjusted net income came in at $55.3 million, or adjusted EPS of $1.30 per share Panama City, Panama --- November

More information

OPERATING AND FINANCIAL HIGHLIGHTS

OPERATING AND FINANCIAL HIGHLIGHTS Copa Holdings Reports Financial Results for the Fourth Quarter of 2018 Excluding special items, adjusted net profit came in at $44.0 million, or Adjusted EPS of $1.04 Panama City, Panama --- February 13,

More information

OPERATING AND FINANCIAL HIGHLIGHTS

OPERATING AND FINANCIAL HIGHLIGHTS Copa Holdings Reports Net Income of US$32.0 Million and EPS of US$0.72 for the Second Quarter of 2012 Excluding special items, adjusted net income came in at $58.6 million, or EPS of $1.32 per share Panama

More information

Spirit Airlines Reports Third Quarter 2015 Pre-Tax Margin of 26.9 Percent

Spirit Airlines Reports Third Quarter 2015 Pre-Tax Margin of 26.9 Percent October 27, 2015 Spirit Airlines Reports Third Quarter 2015 Pre-Tax Margin of 26.9 Percent MIRAMAR, Fla., Oct. 27, 2015 (GLOBE NEWSWIRE) -- Spirit Airlines, Inc. (NASDAQ:SAVE) today reported third quarter

More information

OPERATING AND FINANCIAL HIGHLIGHTS. Subsequent Events

OPERATING AND FINANCIAL HIGHLIGHTS. Subsequent Events Copa Holdings Reports Financial Results for the First Quarter of 2016 Excluding special items, adjusted net income came in at US$69.9 million, or EPS of US$1.66 per share Panama City, Panama --- May 5,

More information

Spirit Airlines Reports Third Quarter 2017 Results

Spirit Airlines Reports Third Quarter 2017 Results Spirit Airlines Reports Third Quarter 2017 Results MIRAMAR, Fla., October 26, 2017 - Spirit Airlines, Inc. (NASDAQ: SAVE) today reported third quarter 2017 financial results. GAAP net income for the third

More information

OPERATING AND FINANCIAL HIGHLIGHTS

OPERATING AND FINANCIAL HIGHLIGHTS Copa Holdings Reports Net Income of US$18.6 Million and EPS of US$0.42 for the Second Quarter of 2010 Excluding special items, adjusted net income came in at $26.3 million, or $0.60 per share Panama City,

More information

AIR CANADA REPORTS THIRD QUARTER RESULTS

AIR CANADA REPORTS THIRD QUARTER RESULTS AIR CANADA REPORTS THIRD QUARTER RESULTS THIRD QUARTER OVERVIEW Operating income of $112 million compared to operating income of $351 million in the third quarter of 2007. Fuel expense increased 49 per

More information

Spirit Airlines Reports Highest Second Quarter Pre-Tax Margin in Company History

Spirit Airlines Reports Highest Second Quarter Pre-Tax Margin in Company History July 24, 2013 Spirit Airlines Reports Highest Second Quarter Pre-Tax Margin in Company History MIRAMAR, Fla., July 24, 2013 (GLOBE NEWSWIRE) -- Spirit Airlines, Inc. (Nasdaq:SAVE) today reported second

More information

2010 ANNUAL GENERAL MEETING. May 4, 2010

2010 ANNUAL GENERAL MEETING. May 4, 2010 2010 ANNUAL GENERAL MEETING May 4, 2010 FORWARD-LOOKING STATEMENT Certain information in this presentation and statements made during this presentation, including any question and answer session, may contain

More information

Spirit Airlines Reports Second Quarter 2018 Results

Spirit Airlines Reports Second Quarter 2018 Results Spirit Airlines Reports Second Quarter 2018 Results MIRAMAR, Fla., July 25, 2018 - Spirit Airlines, Inc. (NYSE: SAVE) today reported second quarter 2018 financial results. GAAP net income for the second

More information

Bank of America Merrill Lynch Global Transportation Conference. June 16, 2010

Bank of America Merrill Lynch Global Transportation Conference. June 16, 2010 Bank of America Merrill Lynch Global Transportation Conference June 16, 2010 FORWARD-LOOKING STATEMENT Certain information in this presentation and statements made during this presentation, including any

More information

Spirit Airlines Reports First Quarter 2018 Results

Spirit Airlines Reports First Quarter 2018 Results Spirit Airlines Reports First Quarter 2018 Results MIRAMAR, Fla., April 26, 2018 - Spirit Airlines, Inc. (NYSE: SAVE) today reported first quarter 2018 financial results. For the first quarter 2018, Spirit

More information

CONTACT: Investor Relations Corporate Communications

CONTACT: Investor Relations Corporate Communications NEWS RELEASE CONTACT: Investor Relations Corporate Communications 435.634.3200 435.634.3553 Investor.relations@skywest.com corporate.communications@skywest.com SkyWest, Inc. Announces Fourth Quarter 2017

More information

SkyWest, Inc. Announces First Quarter 2018 Profit

SkyWest, Inc. Announces First Quarter 2018 Profit NEWS RELEASE CONTACT: Investor Relations Corporate Communications 435.634.3200 435.634.3553 Investor.relations@skywest.com corporate.communications@skywest.com SkyWest, Inc. Announces First Quarter 2018

More information

Volaris Reports Strong First Quarter 2015: 32% Adjusted EBITDAR Margin, 9% Operating Margin

Volaris Reports Strong First Quarter 2015: 32% Adjusted EBITDAR Margin, 9% Operating Margin Volaris Reports Strong First Quarter 2015: 32% Adjusted EBITDAR Margin, 9% Operating Margin Mexico City, Mexico, April 22, 2015 Volaris* (NYSE: VLRS and BMV: VOLAR), the ultra-low-cost airline serving

More information

AIR CANADA REPORTS SECOND QUARTER RESULTS

AIR CANADA REPORTS SECOND QUARTER RESULTS AIR CANADA REPORTS SECOND QUARTER RESULTS SECOND QUARTER OVERVIEW Passenger revenue increased 5 per cent to $2.5 billion, due to growth in traffic and yield. Excluding fuel expense, unit cost declined

More information

CONTACT: Investor Relations Corporate Communications

CONTACT: Investor Relations Corporate Communications NEWS RELEASE CONTACT: Investor Relations Corporate Communications 435.634.3200 435.634.3553 Investor.relations@skywest.com corporate.communications@skywest.com SkyWest, Inc. Announces Second Quarter 2017

More information

Copa Holdings Reports Net Income of US$113.9 Million for the Fourth Quarter of 2013

Copa Holdings Reports Net Income of US$113.9 Million for the Fourth Quarter of 2013 Copa Holdings Reports Net Income of US$113.9 Million for the Fourth Quarter of 2013 Panama City, Panama --- February 12, 2014. Copa Holdings, S.A. (NYSE: CPA), today announced financial results for the

More information

AIR CANADA REPORTS 2010 FIRST QUARTER RESULTS Operating loss narrows; revenue and traffic growth reflect strengthening economy

AIR CANADA REPORTS 2010 FIRST QUARTER RESULTS Operating loss narrows; revenue and traffic growth reflect strengthening economy AIR CANADA REPORTS 2010 FIRST QUARTER RESULTS Operating loss narrows; revenue and traffic growth reflect strengthening economy MONTRÉAL, May 6, 2010 Air Canada today reported a reduced operating loss of

More information

AIR CANADA REPORTS FULL YEAR AND FOURTH QUARTER 2010 RESULTS

AIR CANADA REPORTS FULL YEAR AND FOURTH QUARTER 2010 RESULTS AIR CANADA REPORTS FULL YEAR AND FOURTH QUARTER 2010 RESULTS Record annual EBITDAR of $1.386 billion, 104 per cent improvement Operating income improvement of $677 million Employees to receive special

More information

Air Canada Reports Third Quarter 2015 Results

Air Canada Reports Third Quarter 2015 Results Air Canada Reports Third Quarter 2015 Results EBITDAR margin expands by 7.0 percentage points to 26.7 per cent Operating income of $815 million, an improvement of $289 million or approximately 55 per cent

More information

AIR CANADA REPORTS FIRST QUARTER RESULTS

AIR CANADA REPORTS FIRST QUARTER RESULTS AIR CANADA REPORTS FIRST QUARTER RESULTS As a result of the deconsolidation of Jazz effective May 24, 2007, Air Canada s consolidated results for the first quarter of 2008 are not directly comparable to

More information

CONTACT: Investor Relations Corporate Communications

CONTACT: Investor Relations Corporate Communications NEWS RELEASE CONTACT: Investor Relations Corporate Communications 435.634.3200 435.634.3553 Investor.relations@skywest.com corporate.communications@skywest.com SkyWest, Inc. Announces Second Quarter 2016

More information

STAYING TRUE. Scotia Capital Transportation & Aerospace Conference. November 15, 2011

STAYING TRUE. Scotia Capital Transportation & Aerospace Conference. November 15, 2011 STAYING TRUE Scotia Capital Transportation & Aerospace Conference November 15, 2011 FORWARD-LOOKING STATEMENT Certain information in this presentation and statements made during this presentation, including

More information

Air Canada Reports Second Quarter 2018 Results

Air Canada Reports Second Quarter 2018 Results \ Air Canada Reports Second Quarter 2018 Results Second quarter EBITDAR of $646 million and operating income of $226 million Record second quarter operating revenues of $4.333 billion Record unrestricted

More information

Copa Holdings Reports Earnings of US$30.3 Million and EPS of US$0.70 for 3Q08

Copa Holdings Reports Earnings of US$30.3 Million and EPS of US$0.70 for 3Q08 Copa Holdings Reports Earnings of US$30.3 Million and EPS of US$0.70 for 3Q08 Panama City, Panama --- November 13, 2008. Copa Holdings, S.A. (NYSE: CPA), parent company of Copa Airlines and Aero Republica,

More information

Air Canada reported an operating income of $63 million in the second quarter of 2012, a decline of $10 million from the second quarter of 2011.

Air Canada reported an operating income of $63 million in the second quarter of 2012, a decline of $10 million from the second quarter of 2011. Air Canada Reports Second Quarter 2012 Results Second Quarter 2012 EBITDAR of $314 million Cash and short-term investments of $2.383 billion at June 30, 2012 MONTRÉAL, August 8, 2012 Air Canada recorded

More information

WESTJET Third Quarter Report

WESTJET Third Quarter Report WESTJET 2007 Third Quarter Report President s Message to Shareholders.................... 2 TABLE OF CONTENTS Management s Discussion and Analysis of Financial Results......... 5 Financial Statements................

More information

Corporate presentation CIBC Whistler Institutional Investor Conference January 21, 2010

Corporate presentation CIBC Whistler Institutional Investor Conference January 21, 2010 Corporate presentation CIBC Whistler Institutional Investor Conference January 21, 2010 Forwardlooking statement Certain information in this presentation and statements made during this presentation, including

More information

Air Canada Reports 2016 Annual Results

Air Canada Reports 2016 Annual Results Air Canada Reports 2016 Annual Results Record annual EBITDAR (1) (excluding special items) of $2.768 billion Annual operating income of $1.345 billion Net income of $876 million and Adjusted net income

More information

Copa Holdings Reports Fourth Quarter and Full Year 2007 Results

Copa Holdings Reports Fourth Quarter and Full Year 2007 Results Copa Holdings Reports Fourth Quarter and Full Year 2007 Results Panama City, Panama --- February 21, 2008. Copa Holdings, S.A. (NYSE: CPA), parent company of Copa Airlines and Aero Republica, today announced

More information

FORWARD-LOOKING STATEMENT

FORWARD-LOOKING STATEMENT CIBC 9th Annual Eastern Institutional Investor Conference September 23, 21 FORWARDLOOKING STATEMENT Certain information in this presentation and statements made during this presentation, including any

More information

Corporate Presentation National Bank Transportation and Logistics Conference March 24, 2010

Corporate Presentation National Bank Transportation and Logistics Conference March 24, 2010 Corporate Presentation National Bank Transportation and Logistics Conference March 24, 2010 Forwardlooking statement Certain information in this presentation and statements made during this presentation,

More information

SKYWEST, INC. ANNOUNCES THIRD QUARTER 2014 RESULTS

SKYWEST, INC. ANNOUNCES THIRD QUARTER 2014 RESULTS NEWS RELEASE For Further Information Contact: Investor Relations Telephone: (435) 634-3203 Fax: (435) 634-3205 FOR IMMEDIATE RELEASE: October 29, 2014 SKYWEST, INC. ANNOUNCES THIRD QUARTER 2014 RESULTS

More information

Allegiant Travel Company Reports First Quarter 2009 Financial Results

Allegiant Travel Company Reports First Quarter 2009 Financial Results Allegiant Travel Company Reports First Quarter 2009 Financial Results --NET INCOME INCREASES 191%, OPERATING MARGIN EXCEEDS 31% LAS VEGAS, April 19, 2009 /PRNewswire-FirstCall via COMTEX News Network/

More information

STAYING TRUE. BofAML Global Transportation Conference. May

STAYING TRUE. BofAML Global Transportation Conference. May STAYING TRUE BofAML Global Transportation Conference May 19 2011 FORWARD-LOOKING STATEMENT Certain information in this presentation and statements made during this presentation, including any question

More information

Investor Update April 23, 2009

Investor Update April 23, 2009 JetBlue Airways Investor Relations (718) 709-2202 ir@jetblue.com Investor Update April 23, 2009 This investor update provides our investor guidance for the second quarter ending June 30, 2009 and full

More information

Copa Holdings Reports Net Income of US$51.9 Million for the Fourth Quarter of 2008 and US$152.2 Million for Full Year 2008

Copa Holdings Reports Net Income of US$51.9 Million for the Fourth Quarter of 2008 and US$152.2 Million for Full Year 2008 Copa Holdings Reports Net Income of US$51.9 Million for the Fourth Quarter of 2008 and US$152.2 Million for Full Year 2008 Panama City, Panama --- February 19, 2009. Copa Holdings, S.A. (NYSE: CPA), parent

More information

Air Canada Reports Record Full Year 2013 Results

Air Canada Reports Record Full Year 2013 Results Air Canada Reports Record Full Year 2013 Results Adjusted net income of $340 million, an increase of $285 million from 2012 Annual EBITDAR of $1.433 billion (excluding the impact of benefit plan amendments),

More information

Air Canada Reports First Quarter 2018 Results

Air Canada Reports First Quarter 2018 Results \ Air Canada Reports First Quarter 2018 Results First quarter EBITDAR of $397 million and operating loss of $14 million Record first quarter operating revenues of $4.071 billion Record unrestricted liquidity

More information

Investor Update Issue Date: April 9, 2018

Investor Update Issue Date: April 9, 2018 Investor Update Issue Date: April 9, 2018 This investor update provides guidance and certain forward-looking statements about United Continental Holdings, Inc. (the Company or UAL ). The information in

More information

Volaris Reports Second Quarter 2017 Results: 26% Adjusted EBITDAR Margin. Non-Ticket Revenues Reached 29%

Volaris Reports Second Quarter 2017 Results: 26% Adjusted EBITDAR Margin. Non-Ticket Revenues Reached 29% Volaris Reports Second Quarter 2017 Results: 26% Adjusted EBITDAR Margin. Non-Ticket Revenues Reached 29% Mexico City, Mexico, July 21, 2017 Volaris* (NYSE: VLRS and BMV: VOLAR), the ultra-low-cost airline

More information

Air Canada Reports 2017 Annual Results

Air Canada Reports 2017 Annual Results Air Canada Reports 2017 Annual Results Operating income of $1.364 billion and record EBITDAR of $2.921 billion Record operating revenues of $16.252 billion Leverage ratio of 2.1 and unrestricted liquidity

More information

Volaris Reports First Quarter 2017 Results: 19% Adjusted EBITDAR Margin

Volaris Reports First Quarter 2017 Results: 19% Adjusted EBITDAR Margin Volaris Reports First Quarter 2017 Results: 19% Adjusted EBITDAR Margin Mexico City, Mexico, April 20, 2017 Volaris* (NYSE: VLRS and BMV: VOLAR), the ultra-low-cost airline serving Mexico, the United States

More information

AIR CANADA REPORTS IMPROVED FOURTH QUARTER 2006 AND FULL YEAR 2006 RESULTS

AIR CANADA REPORTS IMPROVED FOURTH QUARTER 2006 AND FULL YEAR 2006 RESULTS AIR CANADA REPORTS IMPROVED FOURTH QUARTER 2006 AND FULL YEAR 2006 RESULTS In accordance with Canadian GAAP Accounting Guideline No. 15 Air Canada is required to consolidate the financial statements of

More information

American Airlines Group Reports Second-Quarter Profit

American Airlines Group Reports Second-Quarter Profit NEWS RELEASE American Airlines Group Reports Second-Quarter Profit 7/28/2017 FORT WORTH, Texas American Airlines Group Inc. (NASDAQ:AAL) today reported its second-quarter 2017 results, including these

More information

Investor Relations Update January 25, 2018

Investor Relations Update January 25, 2018 General Overview Investor Relations Update Accounting Changes On January 1, 2018, the company adopted two new Accounting Standard Updates: (ASUs): ASU 2014-9: Revenue from Contracts with Customers (the

More information

Management Presentation. March 2016

Management Presentation. March 2016 Management Presentation March 2016 Forward looking statements This presentation as well as oral statements made by officers or directors of Allegiant Travel Company, its advisors and affiliates (collectively

More information

QUARTER Management s Discussion and Analysis of Results of Operations and Financial Condition

QUARTER Management s Discussion and Analysis of Results of Operations and Financial Condition QUARTER 1 2009 Management s Discussion and Analysis of Results of Operations and Financial Condition MAY 8, 2009 TABLE OF CONTENTS 1. Highlights...1 2. Introduction...2 3. Overview...4 4. Results of Operations

More information

INVESTOR PRESENTATION. Imperial Capital Global Opportunities Conference September 2015

INVESTOR PRESENTATION. Imperial Capital Global Opportunities Conference September 2015 INVESTOR PRESENTATION Imperial Capital Global Opportunities Conference September 2015 Forward-looking Statements This presentation contains forward-looking statements within the meaning of the Private

More information

FOURTH QUARTER RESULTS 2017

FOURTH QUARTER RESULTS 2017 FOURTH QUARTER RESULTS 2017 KEY RESULTS In the 4Q17 Interjet total revenues added $5,824.8 million pesos that represented an increase of 10.8% over the revenue generated in the 4Q16. In the 4Q17, operating

More information

1Q 2017 Earnings Call. April 18, 2017

1Q 2017 Earnings Call. April 18, 2017 1Q 2017 Earnings Call April 18, 2017 Safe Harbor Statement Certain statements included in this presentation are forward-looking and thus reflect our current expectations and beliefs with respect to certain

More information

44th Consecutive Profitable Quarter Fourth Quarter Fully Diluted Earnings per Share of $0.94 Full Year Fully Diluted Earnings per Share of $4.

44th Consecutive Profitable Quarter Fourth Quarter Fully Diluted Earnings per Share of $0.94 Full Year Fully Diluted Earnings per Share of $4. Allegiant Travel Company Fourth Quarter and Full Year 2013 Financial Results January 29, 2014 1:00 PM PT 44th Consecutive Profitable Quarter Fourth Quarter Fully Diluted Earnings per Share of $0.94 Full

More information

Investor Update July 22, 2008

Investor Update July 22, 2008 JetBlue Airways Investor Relations Lisa Studness (718) 709-2202 ir@jetblue.com Investor Update July 22, 2008 This investor update provides our investor guidance for the third quarter ending September 30,

More information

AMR CORPORATION REPORTS SECOND QUARTER 2012 RESULTS

AMR CORPORATION REPORTS SECOND QUARTER 2012 RESULTS CONTACT: Sean Collins Media Relations Fort Worth, Texas 817-967-1577 mediarelations@aa.com FOR RELEASE: Wednesday, REPORTS SECOND QUARTER 2012 RESULTS $6.5 Billion in Quarterly Revenue, Highest in Company

More information

THIRD QUARTER RESULTS 2018

THIRD QUARTER RESULTS 2018 THIRD QUARTER RESULTS 2018 KEY RESULTS In the 3Q18 Interjet total revenues added $ 6,244.8 million pesos that represented an increase of 7.0% over the revenue generated in the 3Q17. In the 3Q18, operating

More information

Investor Update September 2017 PARTNER OF CHOICE EMPLOYER OF CHOICE INVESTMENT OF CHOICE

Investor Update September 2017 PARTNER OF CHOICE EMPLOYER OF CHOICE INVESTMENT OF CHOICE Investor Update September 2017 PARTNER OF CHOICE EMPLOYER OF CHOICE INVESTMENT OF CHOICE 1 Forward Looking Statements In addition to historical information, this presentation contains forward-looking statements

More information

MGM Resorts International Reports Second Quarter Financial Results

MGM Resorts International Reports Second Quarter Financial Results NEWS RELEASE MGM Resorts International Reports Second Quarter Financial Results 8/5/2014 Consolidated Adjusted EBITDA Increased 8%, Led By 10% Growth In Wholly Owned Domestic Resorts MGM China Declares

More information

SKYWEST, INC. ANNOUNCES THIRD QUARTER 2012 RESULTS

SKYWEST, INC. ANNOUNCES THIRD QUARTER 2012 RESULTS NEWS RELEASE For Further Information Contact: Michael J. Kraupp Chief Financial Officer and Treasurer Telephone: (435) 634-3212 Fax: (435) 634-3205 FOR IMMEDIATE RELEASE: November 7, 2012 SKYWEST, INC.

More information

THIRD QUARTER RESULTS 2017

THIRD QUARTER RESULTS 2017 THIRD QUARTER RESULTS 2017 KEY RESULTS In the 3Q17 Interjet total revenues added $5,835.1 million pesos that represented an increase of 22.0% over the revenue generated in the 3Q16. In the 3Q17, operating

More information

Volaris Reports First Quarter 2018 Results: Ancillary Revenue Expansion, Unit Cost Reduction and Cash Flow Generation

Volaris Reports First Quarter 2018 Results: Ancillary Revenue Expansion, Unit Cost Reduction and Cash Flow Generation Volaris Reports First Quarter 2018 Results: Ancillary Revenue Expansion, Unit Cost Reduction and Cash Flow Generation Mexico City, Mexico, April 20, 2018 Volaris* (NYSE: VLRS and BMV: VOLAR), the ultra-low-cost

More information

AMR CORPORATION REPORTS THIRD QUARTER 2011 RESULTS. Net Loss of $162 Million; Operating Earnings of $39 Million

AMR CORPORATION REPORTS THIRD QUARTER 2011 RESULTS. Net Loss of $162 Million; Operating Earnings of $39 Million CONTACT: Sean Collins Corporate Communications Fort Worth, Texas 817-967-1577 mediarelations@aa.com FOR RELEASE: Wednesday, REPORTS THIRD QUARTER 2011 RESULTS Net Loss of $162 Million; Operating Earnings

More information

Joshua Koshy, Executive Vice President & CFO. Changing the Game

Joshua Koshy, Executive Vice President & CFO. Changing the Game Joshua Koshy, Executive Vice President & CFO Changing the Game Changing the Game Canada s #1 domestic, trans-border and international airline Strong brand recognition Innovative revenue model driving customer

More information

First Quarter 2008 Management s Discussion and Analysis of Results of Operations and Financial Condition

First Quarter 2008 Management s Discussion and Analysis of Results of Operations and Financial Condition of Results of Operations and Financial Condition May 8, 2008 TABLE OF CONTENTS 1. Highlights... 1 2. Introduction... 2 3. Results of Operations First Quarter 2008 versus First Quarter 2007... 4 4. Our

More information

FIRST QUARTER RESULTS 2017

FIRST QUARTER RESULTS 2017 FIRST QUARTER RESULTS 2017 KEY RESULTS In the 1Q17 Interjet total revenues added $4,421.5 million pesos that represented an increase of 14.8% over the income generated in the 1Q16. In the 1Q17, operating

More information

TABLE OF CONTENTS. Second Quarter 2012 Management s Discussion and Analysis of Results of Operations and Financial Condition

TABLE OF CONTENTS. Second Quarter 2012 Management s Discussion and Analysis of Results of Operations and Financial Condition Second Quarter 2012 Management s Discussion and Analysis August 8, 2012 i TABLE OF CONTENTS 1. Highlights... 1 2. Introduction and Key Assumptions... 3 3. Overview... 4 4. Results of Operations Second

More information

Scotia Capital Transportation & Aerospace Conference. June 5, 2007

Scotia Capital Transportation & Aerospace Conference. June 5, 2007 Scotia Capital Transportation & Aerospace Conference June 5, 2007 1 2 Changing the Game Changing the Game Canada s #1 domestic, trans-border and international airline Strong brand recognition Innovative

More information

Second Quarter Management s Discussion and Analysis of Results of Operations and Financial Condition

Second Quarter Management s Discussion and Analysis of Results of Operations and Financial Condition Second Quarter 2018 Management s Discussion and Analysis of Results of Operations and Financial Condition July 27, 2018 TABLE OF CONTENTS 1. Highlights... 1 2. Introduction and Key Assumptions... 3 3.

More information

Investor Update April 22, 2008

Investor Update April 22, 2008 JetBlue Airways Investor Relations Lisa Studness (718) 709-2202 ir@jetblue.com Investor Update April 22, 2008 This investor update provides our investor guidance for the second quarter ending June 30,

More information

Third Quarter Management s Discussion and Analysis of Results of Operations and Financial Condition

Third Quarter Management s Discussion and Analysis of Results of Operations and Financial Condition Third Quarter 2017 Management s Discussion and Analysis of Results of Operations and Financial Condition October 25, 2017 TABLE OF CONTENTS 1. Highlights... 3 2. Introduction and Key Assumptions... 5 3.

More information

THIRD QUARTER AND NINE MONTHS OF 2014 KEY RESULTS

THIRD QUARTER AND NINE MONTHS OF 2014 KEY RESULTS THIRD QUARTER AND NINE MONTHS OF 2014 KEY RESULTS In 3Q14 INTERJET total revenues were $ 3,643.4 million, representing an increase of 9.9% on revenues generated in the 3Q13. Accumulated 9M14 INTERJET total

More information

Volaris Reports Third Quarter 2018 Results: Ancillary Revenue Expansion And Reduction Of Unit Cost Excluding Fuel

Volaris Reports Third Quarter 2018 Results: Ancillary Revenue Expansion And Reduction Of Unit Cost Excluding Fuel Volaris Reports Third Quarter 2018 Results: Ancillary Revenue Expansion And Reduction Of Unit Cost Excluding Fuel Mexico City, Mexico, October 25, 2018 Volaris* (NYSE: VLRS and BMV: VOLAR), the ultra-low-cost

More information

Management Presentation. September 2011

Management Presentation. September 2011 Management Presentation September 2011 Forward looking statements This presentation as well as oral statements made by officers or directors of Allegiant Travel Company, its advisors and affiliates (collectively

More information

Investor Update October 23, 2008

Investor Update October 23, 2008 JetBlue Airways Investor Relations (718) 709-2202 ir@jetblue.com Investor Update October 23, 2008 This investor update provides our investor guidance for the fourth quarter ending December 31, 2008 and

More information

E190 REPLACEMENT & FLEET UPDATE JULY 11, 2018

E190 REPLACEMENT & FLEET UPDATE JULY 11, 2018 1 E190 REPLACEMENT & FLEET UPDATE JULY 11, 2018 SAFE HARBOR This presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A

More information

INVESTOR PRESENTATION. May 2015

INVESTOR PRESENTATION. May 2015 INVESTOR PRESENTATION May 2015 Forward-looking Statements This presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 that reflect the

More information

Management Presentation. May 2013

Management Presentation. May 2013 Management Presentation May 2013 Forward looking statements This presentation as well as oral statements made by officers or directors of Allegiant Travel Company, its advisors and affiliates (collectively

More information

Management Presentation. November 2011

Management Presentation. November 2011 Management Presentation November 2011 Forward looking statements This presentation as well as oral statements made by officers or directors of Allegiant Travel Company, its advisors and affiliates (collectively

More information

2Q 2017 Earnings Call. July 19, 2017

2Q 2017 Earnings Call. July 19, 2017 2Q 2017 Earnings Call July 19, 2017 Safe Harbor Statement Certain statements included in this presentation are forward-looking and thus reflect our current expectations and beliefs with respect to certain

More information

SECOND QUARTER RESULTS 2018

SECOND QUARTER RESULTS 2018 SECOND QUARTER RESULTS 2018 KEY RESULTS In the 2Q18 Interjet total revenues added $ 5,781.9 million pesos that represented an increase of 9.6% over the revenue generated in the 2Q17. In the 2Q18, operating

More information

First Quarter 2016 MANAGEMENT DISCUSSION AND ANALYSIS OF RESULTS OF OPERATIONS AND FINANCIAL CONDITION

First Quarter 2016 MANAGEMENT DISCUSSION AND ANALYSIS OF RESULTS OF OPERATIONS AND FINANCIAL CONDITION First Quarter 2016 MANAGEMENT DISCUSSION AND ANALYSIS OF RESULTS OF OPERATIONS AND FINANCIAL CONDITION April 29, 2016 TABLE OF CONTENTS First Quarter 2016 Management s Discussion and Analysis of 1. Highlights...

More information

Delta Air Lines Announces September Quarter Profit

Delta Air Lines Announces September Quarter Profit CONTACT: Investor Relations Corporate Communications 404-715-2170 404-715-2554, media@delta.com Delta Air Lines Announces September Quarter Profit September quarter 2018 GAAP pre-tax income of $1.7 billion,

More information

Delta Air Lines Reports June 2009 Quarter Financial Results

Delta Air Lines Reports June 2009 Quarter Financial Results CONTACT: Investor Relations 404-715-2170 Corporate Communications 404-715-2554 Delta Air Lines Reports June 2009 Quarter Financial Results ATLANTA, July 22, 2009 Delta Air Lines (NYSE:DAL) today reported

More information

Bank of America Merrill Lynch2016Transportation Conference

Bank of America Merrill Lynch2016Transportation Conference Bank of America Merrill Lynch2016Transportation Conference United Continental Holdings, Inc. Doug Leo SVP Revenue Management, Pricing and Network Jonathan Ireland Managing Director Investor Relations May

More information

THIRD QUARTER Management s Discussion and Analysis of Results of Operations and Financial Condition

THIRD QUARTER Management s Discussion and Analysis of Results of Operations and Financial Condition THIRD QUARTER 2009 Management s Discussion and Analysis of Results of Operations and Financial Condition November 6, 2009 TABLE OF CONTENTS 1. Highlights...1 2. Introduction...2 3. Overview...4 4. Significant

More information

J.P. Morgan Aviation, Transportation and Industrials Conference

J.P. Morgan Aviation, Transportation and Industrials Conference J.P. Morgan Aviation, Transportation and Industrials Conference March 3, 08 Scott Kirby President Safe Harbor Statement Certain statements included in this presentation are forward-looking and thus reflect

More information