Finnair Q Result
|
|
- Marcia Carmella Booth
- 5 years ago
- Views:
Transcription
1 Finnair Q Result 7 May 2015 CEO Pekka Vauramo, Interim CFO Mika Stirkkinen 1
2 Turbulent market environment The weakness of the Finnish economy continued to be reflected in the demand in the first quarter, particularly in the package tour market. There were weak signs of a recovery in the demand for consumer and business travel. Appreciation of several income currencies supported unit revenue improvement in long haul traffic. The appreciation of the dollar diluted the benefit gained from the substantial decrease in the price of jet fuel. In cargo traffic, continued capacity growth between Asia and Europe put further downward pressure on yields. Finnair s market share increased significantly in European traffic and fell slightly in Asian traffic.* 2 *Finnair s estimate based on MIDT data collected on the sales volumes of travel agencies and Finnair s estimates of airlines sales through their own sales channels, such as websites.
3 Revenue at last years level, Operational EBIT improved Revenue flat y-o-y M Passenger revenue grew Revenue from Suntours and Cargo decreased Loss of external revenue from sold operations Operational result M, +17% Airline business unit revenue at constant currency -0,4% Unit cost excluding fuel, at constant currency +1,1 % Revenue and operational result, M % % % 400 9% 6% 300 3% 200 0% 100-3% 0-6% Q1/11 Q2/11 Q3/11 Q4/11 Q1/12 Q2/12 Q3/12 Q4/12 Q1/13 Q2/13 Q3/13 Q4/13 Q1/14 Q2/14 Q3/14 Q4/14 Q1/15 Revenue Operational EBIT, % 3 * Operational result (EBIT), excluding non-recurring items and changes in the fair value of derivatives and in the value of foreign currency denominated fleet maintenance reserves.
4 Positive trend in passenger traffic revenue, revenue from Travel services decreases 4 600,000, ,000, ,000, ,000, ,000, ,000, M M -17,7 % -12 % -17,5 % +14 % +5,8 % Q Q Passenger revenue Ancillary services Cargo Other Travel Services Passenger traffic ticket revenue and ancillary sales grew y-o-y. Cargo revenue decreased, but profitability improved due to discontinuation of the cargo freighter flights to Asia. Other Group External revenue decreased after the sale of Travel Retail store operations and Finncatering businesses. Travel Services' revenue fell significantly due to decreased demand and subsequent adjustment of Suntours package tour supply.
5 Passenger revenue grew in line with capacity, discontinuation of cargo freighter flights to Asia visible in Cargo numbers North America** ASK 11.3 % RPK 7.5 % PLF -2.8 %-p Revenue* 3.9 % Europe ASK 5.8 % RPK 3.2 % PLF -1.9 %-p Revenue* 5.1 % Domestic ASK -6.0 % RPK -0.1 % PLF 4.2 %-p Revenue* 2.3 % Asia ASK 1.1 % RPK 1.2 % PLF 0.1 %-p Revenue* 1.4 % Passenger revenue split 6% 10% 43% Total Traffic ASK 3.1 % RPK 2.3 % PLF -0.6 %-p Revenue* 3.1 % Cargo ATK 3.3 % RTK % OLF %-p Revenue % 41% Asia Europe *Passenger revenue. **Atlantic Joint Business revenue contribution included. 5 Domestic North America
6 Flybe Nordic acquisition and ownership negotiations On 31 March 2015, Flybe Nordic was transferred to Finnair s ownership on an interim basis. Following the acquisition, Finnair continued negotiations with Staffpoint and GWS regarding the future ownership of Flybe Nordic. Finnair expands its contract flying agreement with Flybe Finland from 1 May 2015 onwards to cover all routes operated by Flybe Finland at its own commercial risk from Helsinki. The change in ownership and the expansion of the contract flying agreement will not have a significant financial impact on Finnair in Flybe Finland Oy name will be changed to Nordic Regional Airlines. 6
7 Outlook for 2015 Finnair estimates that: In 2015, its capacity measured in Available Seat Kilometres will grow by approximately 3 per cent and that its revenue will remain at the 2014 level. Finnair estimates that its 2015 unit costs excluding fuel at constant currency will decrease from the 2014 level. The lower price of jet fuel and the full impact from the completed savings program are supporting the financial performance of Finnair in As a separate guidance and calculated using the exchange rates effective at the end of the review period, Finnair estimates that the non-recurring items associated with the long haul fleet renewal in 2015 will have a substantial positive impact on Finnair s operating result due to the strengthened US dollar. *The full outlook can be found from Financial Statements Bulletin
8 Strategy 8
9 Strategy Review Vision: Unique Nordic Experience Mission: Finnair offers the smoothest, fastest connections in the northern hemisphere via Helsinki the best network to the world from its home markets. Strategic objectives: Double Asian traffic by 2020 from the 2010 level Deliver a unique customer experience and achieve world-class operations Create shareholder value 9
10 Strategic focus areas Customer excellence Intercontinental growth with Northeast Asia focus People and Finnair culture Digitalization Funding & capital structure World-class operations 10
11 Financial Targets EBIT margin 6% over cycle EBITDAR margin minimum of 17% over cycle Adjusted gearing maximum of 175% Return on Capital Employed (ROCE) minimum of 7% 11
12 Financials 12
13 Changes in the calculation method and reporting of unit revenues and - costs Q1 RASK 2014 FlyBe Q1 RASK New 2014 Q1 RASK New 2015 RASK at constant currency 5.81 In flight 5.96 Changes YoY 6.05 Fx effect 5.93 Other adjustments 1. Technical adjustments 2. New constant currency calculation principle Q1 CASK ex. Fuel 2014 FlyBe Q1 CASK ex. Fuel New 2014 Q1 CASK ex. Fuel New 2015 CASK ex. Fuel at constant currency 4.37 In flight 4.61 Changes YoY 4.82 Fx effect Other adjustments 1. Technical adjustments 2. New constant currency calculation principle
14 Airline business: Q1 RASK & CASK development Unit cost excluding fuel, at constant currency 1,1 % Unit revenue at constant currency -0,4 % Change, % RASK, unit revenue RASK at constant currency CASK, unit cost CASK, excluding fuel CASK, excluding fuel, at constant currency Fuel Staff costs Depreciation & lease expenses Including Traffic charges Fx and Ground handling hedging Catering Maintenance Other expences* -10% -5% 0% 5% 10% 15% 20% 25% -0.4 % -5.9 % -0.1 % -6.6 % -2.2 % -0.3 % 1.7 % 1.4 % 4.7 % 1.1 % 6.4 % 10.1 % 20.3 % 14 * Including Group management-, IT-, sales and marketing expences and other rents (Flybe)
15 Key Figures Key figures Q Q Change % 2014 Revenue and result Revenue, EUR million ,284.5 Operational result, EBIT, EUR million Operational result, % of turnover ,0 %-p -1.6 Operating result, EBIT, EUR million Operational EBITDAR, EUR million Result before taxes, EUR million Net result, EUR million Balance sheet and cash flow Gross investment, EUR million Net cash flow from operating activities, EUR million Share Share price at the end of quarter, EUR Earnings per share from the result of the period, EUR * Earnings per share, EUR * Before Hybrid Bond interest
16 Operational result in Q vs. Q
17 Segment results: Airline Business Key figures Change % Revenue and result Revenue, EUR million ,167.7 Operational result, EUR million Operating result, EBIT, EUR million Operating result, % of revenue %-p -3.6 Personnel Average number of employees 3,976 4, ,232 Airline Business revenue 511 M 9 % 6 % 5 % 80 % Pax revenue Cargo Other Ancillary Segment profitability significantly improved y-o-y, result still at loss Passenger revenue and ancillary sales grew significantly Cargo share of segment revenue decreased mainly due to discontinuation of dedicated cargo freighter flights, Cargo profitability improved substancially 17
18 Segment result: Travel Services Key figures Change % Revenue and result Revenue, EUR million Operational result, EUR million < Operating result, EBIT, EUR million < Operating result, % of revenue %-p 2.7 Personnel Average number of employees The revenue of declined substantially y-o-y due to decreased demand and subsequent adjustment of Suntours package tour supply. The profitability of Suntours fell short of expectations in spite of the restructuring of operations and the result showed a substantial loss. The revenue of the business travel agency SMT was flat y-o-y and its operational result showed a slight profit. 18
19 Operating costs 573 M, -1.6% Fuel largest cost item 4% 4% 3% Total Muutos, % -1.6 % 6% 5% 26% Fuel Staff costs Ground handling and catering -6.0 % -4.2 % 0.1 % 7% Traffic charges 21.1 % 9% 16% Other rental payments Depreciation % -4.4 % 11% Maintenance 4.2 % 11% Tour operations -5.5 % Fuel Traffic charges Other costs Maintenance Tour operations Sales and marketing Staff costs Ground handling and catering Other rental payments Depreciation Leasing Leasing 29.1 % Sales and marketing 23.2 % Other expenses -9.8 % -40% -20% 0% 20% 40% 19
20 Currency Split, Q1 Sales currencies 5% 3% 2% Purchase currencies 8% 6% 7% 13% 64% 39% 53% EUR Others JPY SEK CNY KRW USD EUR USD* Others 20 20
21 Fuel, spot-price development Jet fuel December 2009 March 2015 USD/Tonne Swaps Swaps Swaps Swaps Swaps Swaps Realised price 21
22 USD appreciation and hedges diluted the benefit from fuel price decrease Q1 Comparable fuel cost, M Q Hedging loss 3.4 Mill. Eur Q Hedging loss 37.2 Mill. Eur Q1/2014 Volume Price Currency Hedging deviation 151 Q1/
23 Net debt 123 M negative, Cash 516 M % 120 Strong Balance Sheet M 600 Good Cash position Q Q Equity ratio Gearing Adjusted gearing Net cash flow from operating activities Gross capital expenditure Cash and Cash equvalents
24 Rolling Hedging policy 100% 90% 80% 70% 60% 50% 40% 30% 20% 10% 0% Hedging positions as of 31 March 2015 Hedging ratio for 2015: 64 % hedge ratio upper lower Finnair hedges jet fuel consumption 24 months ahead within the limits defined in the hedging policy. Finnair s fuel purchases are 71% hedged for the H1 and 58% for the H2 of The company protects itself against the risks of currency, interest rate and jet fuel positions by using different derivative instruments, such as forward contracts, swaps and options. 24
25 Thank you 25
Finnair Q Result
Finnair Q2 2015 Result 14 August 2015 CEO Pekka Vauramo, Interim CFO Mika Stirkkinen 1 Market environment shows signs of improvement There were signs of a recovery in the demand for consumer and business
More informationFinnair 2015 kolmannen vuosineljänneksen tulos
Finnair 215 kolmannen vuosineljänneksen tulos Q3 Result 215 3 October 215 3.1.215 Toimitusjohtaja Pekka Vauramo Talousjohtaja Pekka Vähähyyppä 1 Highlights of the quarter Excellent Q3 result: Record result
More informationFinnair Q Result
17 August 2016 CEO Pekka Vauramo CFO Pekka Vähähyyppä Finnair Q2 2016 Result 1 Highlights of the second quarter The seventh consecutive quarter of profit improvement Fukuoka & Guangzhou route openings
More information2012 Result. Mika Vehviläinen CEO
2012 Result Mika Vehviläinen CEO 1 Agenda Market environment in Q4 Business performance and strategy execution Outlook Financials 2 Market Environment According to IATA, Global air travel continues to
More informationQ Fast growth continued, Comparable operating result at record high levels Pekka Vauramo
2018 Fast growth continued, Comparable operating result at record high levels 17.7.2018 Pekka Vauramo 2 A good - Comparable operating result increased to new seasonal high Revenue Comparable operating
More informationQ Finnair s growth continued Pekka Vähähyyppä
2018 Finnair s growth continued 25.10.2018 Pekka Vähähyyppä 1 We continued to develop our services and network New route to Los Angeles in 2019, two daily flights to Hong Kong New digital service for exploring
More informationFinnair Group Interim Report 1 January 30 September 2008
Finnair Group Interim Report 1 January 30 September 2008 1 31/10/2008 Presentation name / Author Airline industry at a historical turning point Expensive fuel price in the beginning of 2008 has dramatical
More information2017 A year of strong growth Finnair Q4 and FY 2017 result
2017 A year of strong growth Finnair Q4 and FY 2017 result 16.2.2018 Pekka Vauramo 1 A record Q4 concluded a strong year 2017 Comparable operating result at record level, 22.9 million euro (Q4 2016: 1.6)
More informationFinnair Q result. 25 October 2017 CEO Pekka Vauramo
Finnair Q3 2017 result 25 October 2017 CEO Pekka Vauramo 1 All-time best quarter Revenue up by 15% to record level of 735 M Aircraft flew full, passenger load factor was 87% Asian routes and San Francisco
More informationFIRST QUARTER 2017 RESULTS. 4 May 2017
FIRST QUARTER 2017 RESULTS 4 May 2017 A resilient start of the year, traffic up 4.2% 20.9 million passengers carried, up 5.2%, traffic (RPK) up 4.2%, capacity (ASK) up 3.3% and load factor up 0.7pts Confirmation
More informationFinnair Group Annual Report 1 January 31 December 2006
Finnair Group Annual Report 1 January 31 December 2006 2006: A year for restructuring Scheduled Passenger Traffic transforming to meet Asian traffic demands Labour negotiations to cut 670 jobs 80 million
More informationFinnair Group Interim Report 1 January 31 March 2008
Finnair Group Interim Report 1 January 31 March 2008 1 29/04/2008 Presentation name / Author Outlook for the industry less positive Growth of demand declining due to uncertainty of global economy Growth
More informationFinnair Group Interim Report 1 January 30 June 2008
Finnair Group Interim Report 1 January 30 June 2008 1 08/08/2008 Presentation name / Author Airline industry at a historical turning point Fuel price has a stranglehold on the business Average ticket prices
More informationThird Quarter Results
1 Third Quarter 2010-11 Results Highlights of the Third Quarter Passenger business affected by significant disruptions Dynamic cargo activity Strong improvement in results Decline in ex-fuel unit costs
More informationFIRST 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 informationFOURTH 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 informationTHIRD 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 informationAnalyst and Investor Conference Call Q Ulrik Svensson, CFO and Member of the Executive Board
Analyst and Investor Conference Call Q2 2017 Ulrik Svensson, CFO and Member of the Executive Board Frankfurt, 2 August 2017 Disclaimer The information herein is based on publicly available information.
More informationBuilding Future Finnair Investor presentation London, 7 September 2011
Building Future Finnair Investor presentation London, 7 September 2011 Executive Summary European Network Airline connecting Asia and Europe: Turnover of 2 billion, ongoing growth: over 10% increase in
More informationSECOND 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 informationPRESS RELEASE Financial Results. Rising passenger traffic at 12.5m Exceeding 1bn in consolidated revenue
PRESS RELEASE 2016 Financial Results Rising passenger traffic at 12.5m Exceeding 1bn in consolidated revenue Kifissia, 23 March 2017 AEGEAN reports full year 2016 results with consolidated revenue at 1,020m,
More informationFinnair Group Interim Report 1 January 30 September 2017
Finnair Group Interim Report 1 January 30 September 2017 25 October 2017 Finnair Group Interim Report 1 January 30 September 2017 The best quarter in Finnair s history; comparable operating result has
More information1 st Quarter Results FY
1 st Quarter Results FY 2004-05 05 Q1 Highlights p Context 8Improving economic context 8Strong economic growth in Americas and Asia 8Modest economic recovery in Europe 8Soaring fuel prices 8IPE Brent up
More informationFinnair Group Half-Year Financial Report 1 January 30 June 2018
Finnair Group Half-Year Financial Report 1 January 30 June 2018 17 July 2018 Finnair Group Half-Year Financial Report 1 January 30 June 2018 Q2 comparable operating result improved by 27.6 per cent to
More informationFull Year 2017 RESULTS 16 th of February 2018
Full Year 2017 RESULTS 16 th of February 2018 2017 FULL YEAR 2017 MAIN ACHIEVEMENTS Robust traffic statistics Strong Full Year results +5.6% +2.0% 42% +101% 1,049 1,488 347 696 FY 2016 FY 2017 Passengers
More informationAir China Limited Interim Results. August Under IFRS
Air China Limited 21 Interim Results Under IFRS August 21 1 Agenda 21 Interim Results Overview Business Overview Financial Overview Outlook 2 2 2 21 Interim Results 3 21 Interim Results Overview 4 4 4
More informationAnalysts and Investors conference call. Q results. 15 May 2013
Analysts and Investors conference call Q1 2013 results 15 May 2013 Management summary Key messages of Q1 2013 +6% +9% +3.3%p. Q1 2013 operational KPIs are in line with 109.7 116.2 6.5 7.1 82.3 85.6 expectations,
More informationSAS Q3 2017/ August 2018
SAS Q3 2017/2018 31 August 2018 Strong earnings in peak season POSITIVES Record number of passengers Total revenue up MSEK 936 vs. LY Currency adjusted yield up 1.1% vs. LY EB point sale up 27% vs. LY
More informationTHIRD 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 information1.3% millionn euros. Net debt of 5.4 improvement. euros to. Financial Year. the Air. operating. equipped. ness and. also focus on.
25 th July 2014 Financial Year 2014: First Half results SECOND QUARTER Revenues of 6.45 billion euros, upp 1.7% like-for-like; passenger unit revenue up 1.3% at constant currency thanks to strict capacity
More informationFourth Quarter and Full Year 2009 Results Presentation January 27, 2010
Fourth Quarter and Full Year 2009 Results Presentation January 27, 2010 This presentation may include forward-looking comments regarding the Company s business outlook and anticipated financial and operating
More informationAEROFLOT ANNOUNCES FY 2017 IFRS FINANCIAL RESULTS
AEROFLOT ANNOUNCES FY 2017 IFRS FINANCIAL RESULTS Moscow, 1 March 2018 Aeroflot Group ( the Group, Moscow Exchange ticker: AFLT) today publishes its audited financial statements in accordance with International
More informationOPERATING 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 informationFirst Quarter Results August 31 st, 2006
First Quarter Results 2006-07 August 31 st, 2006 Key features of the First Quarter Market context Sustained global economic growth, and a recovery in Europe Average jet fuel price of 691 $/t, up 25% year-on-year
More informationTHIRD QUARTER 2016 RESULTS. 3 November 2016
THIRD QUARTER 2016 RESULTS 3 November 2016 Highlights of the Third Quarter 2016 Environment Operations Financial highlights Strong increase in airline industry capacity Terrorist attacks in Europe resulting
More informationFIRST QUARTER RESULTS 2016
FIRST QUARTER RESULTS 2016 KEY RESULTS In 1Q16 Interjet total revenues added $3,850.8 million pesos that represented an increase of 21.9% over the income generated in the 1Q15. In 1Q16 total passengers
More informationCopa 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 informationThird Quarter 2014 Results. 29 October 2014
Third Quarter 2014 Results 29 October 2014 Highlights of the Third Quarter Operating environment Air France-KLM Economic environment remains weak Further currency volatility affecting revenues and results
More informationVueling completes its restructuring plan and turns a 13.4m operating profit in Q2
Vueling completes its restructuring plan and turns a 13.4m operating profit in Highlights Vueling turned a 13.4m operating profit (excluding restructuring costs) during the second quarter in the year,
More informationSAS Q2 2017/2018 TELECONFERENCE
SAS Q2 2017/2018 TELECONFERENCE 30 May 2018 Earnings as expected despite negative currency effect POSITIVES + Total revenue up MSEK 73 vs. LY + Currency adjusted yield up 0.6% vs. LY + EB-point sale revenue
More informationAir China Limited Annual Results. March Under IFRS
Air China Limited 21 Annual Results Under IFRS March 211 Agenda Part 1 Highlights Part 2 Business Overview Part 3 Financial Overview Part 4 Outlook 2 Part 1 Highlights Steady Economic Growth; Asia Pacific
More informationFirst Half 2013 Results. 16 mai 2013
First Half 2013 Results 16 mai 2013 26 July 2013 Results Increasing effects of Transform 2015 Highlights of the First Half A difficult global economic environment Transform 2015 plan roll-out on track
More informationSAS Group Presentation Carnegie, May 22, 2012 Sture Stölen, Head of IR
SAS Group Presentation Carnegie, May 22, 2012 Sture Stölen, Head of IR 1 This is the SAS Group 128 destinations 27,2 million passengers 28 new routes to be launched 2012 1,085 daily flights Revenues 2011,
More informationLow price level and restructuring costs weigh on result for first six months of year
FINNAIR GROUP FINANCIAL STATEMENT JANUARY 1 JUNE 30, 2006 Low price level and restructuring costs weigh on result for first six months of year Summary of second quarter key figures April 1 June 30, 2006
More informationFIRST HALF 2016 RESULTS. 27 July 2016
FIRST HALF 2016 RESULTS 27 July 2016 Highlights of the Second Quarter 2016 Environment Operations Financial highlights High level of geopolitical uncertainties, including Brexit Terrorist attacks in Europe
More informationAir Berlin PLC 15 th June, 2016 Annual General Meeting 2016 London
Air Berlin PLC 15 th June, 2016 Annual General Meeting 2016 London Despite headwind, airberlin made good progress in 2015 RASK +3.7% Yield +2.0% Load Factor +0.7%pt Ancillary Revenues* +9.2% ASKs -5.4%
More informationTHIRD 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 informationNorwegian Air Shuttle ASA
Norwegian Air Shuttle ASA Q1 2018 Presentation 26 April 2018 Highlights Q1 2018 Successfully completed private placement of NOK 1.3 billion Added two 737-800s and six 787-9s to operations Launched interline
More informationVueling improves its result in 4 points for the first quarter 2009
Vueling improves its result in 4 points for the first quarter 2009 Improvement in costs was the most important factor for the improvement in EBIT margin Synergies in revenue due to the merger offset the
More informationNORWEGIAN AIR SHUTTLE ASA QUARTERLY REPORT SECOND QUARTER 2006 [This document is a translation from the original Norwegian version]
NORWEGIAN AIR SHUTTLE ASA QUARTERLY REPORT SECOND QUARTER 2006 SECOND QUARTER IN BRIEF had earnings before tax of MNOK 24.8 (20.6) in the second quarter. The operating revenue increased by 44 % this quarter,
More informationNorwegian Air Shuttle ASA
Norwegian Air Shuttle ASA Q4 2017 Presentation 15 February 2018 Highlights Q4 2017 Added one 737-800 and two 787-9s to operations Financed the first aircraft with a combination of UKEF and JOLCO Agreed
More informationVirgin Australia Holdings Limited (ASX: VAH) H1 FY18 Results 1
Virgin Australia Holdings Limited (ASX: VAH) H1 FY18 Results 1 Summary of H1 FY18 Group Outcomes 2 Group Underlying Profit Before Tax of $102.5 million up 142.3% Group Statutory Profit After Tax of $4.4
More informationSecond Quarter 2004 Teleconference
Second quarter marginally positive despite to strong yield pressure and record high jet fuel prices MSEK, April-June 2004 Change Revenues 15 143 15 300-157 EBITDAR 1 493 1 608-115 Lease, depreciation &
More informationNORWEGIAN AIR SHUTTLE ASA QUARTERLY REPORT FIRST QUARTER 2004 [This document is a translation from the original Norwegian version]
NORWEGIAN AIR SHUTTLE ASA QUARTERLY REPORT 2004 IN BRIEF At the start of 2003, Norwegian has become a pure low-fare airline. The Fokker F-50 operations have been terminated, and during the quarter the
More informationFinnair Group Financial Statements Bulletin 2012
Finnair Group Financial Statements Bulletin 2012 In 2012, turnover grew by 8.5 per cent; operational profit was 44.9 million euros. Key figures Turnover and result 10-12 2012 10-12 2011 Change % Change
More informationAnnual Results Air New Zealand
Annual Results 2011 Air New Zealand Highlights Normalised earnings* $75m Net cash position of $860m Operating cash flow down 5% Gearingat467% at 46.7% Final dividend 2.5 cents per share (unimputed) New
More informationOverview. > Normalised earnings* before taxation of, up 30% > Statutory earnings before taxation of, up 40% > Statutory net profit after taxation of
1 Overview > Normalised earnings* before taxation of, up 30% > Statutory earnings before taxation of, up 40% > Statutory net profit after taxation of > Operating revenue of > Strong operating cash flow
More informationFinnair Group Half-Year Report 1 January 30 June 2017
Finnair Group Half-Year Report 1 January 30 June 2017 20 July 2017 1 Finnair Group Half-Year Report 1 January 30 June 2017 Finnair s earnings growth continues: all-time high profit for Q2 April June 2017
More informationPRESS RELEASE. First Half 2017 Financial Results Higher Load Factors and traffic lead to a significant rebound in second quarter profitability
PRESS RELEASE First Half 2017 Financial Results Higher Load Factors and traffic lead to a significant rebound in second quarter profitability Kifissia, 12 September 2017 AEGEAN announces first half 2017
More informationmillion euros to 5.3 billion euros
0 th February 014 FULL YEAR 0 RESULTS 0 RESULTS ON TRACK DESPITE CHALLENGING CONTEXT C T Revenues up.3% at constant currency to 5.5 billion euros EBITDA 1 improvement of 461 million euros to 1,855 million
More informationOPERATING 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 informationIAG results presentation. Quarter Three st October 2014
IAG results presentation Quarter Three 2014 31 st October 2014 Q3 financial summary OPERATING PROFIT TOTAL UNIT REVENUE PAX UNIT REVENUE 900m (reported, pre-exceptional items) -1.9% (constant FX) -0.9%
More informationFinnair Group Interim Report 1 January 31 March 2018
Finnair Group Interim Report 1 January 31 March 2018 25 April 2018 Finnair Group Interim Report 1 January 31 March 2018 Strong growth continued Comparable operating result has improved for 14 consecutive
More informationEfficiency measures improved profitability
FINNAIR GROUP INTERIM REPORT 1 JANUARY - 30 SEPTEMBER 2007 Efficiency measures improved profitability Summary of the third quarter s key figures Turnover rose 5.8% to 545.2 million euros, turnover excluding
More informationThank you for participating in the financial results for fiscal 2014.
Thank you for participating in the financial results for fiscal 2014. ANA HOLDINGS strongly believes that safety is the most important principle of our air transportation business. The expansion of slots
More informationSAS AB Q December 2018
SAS AB Q4 2018 4 December 2018 Q4 financial highlights Q4 POSITIVES Q4-18 CHANGE VS. Q4-17 Record number of passengers Total revenue up SEK 1bn vs. LY Yield (nominal) up 5.1% vs. LY RASK (nominal) up 7.0%
More informationSAS Group Q Teleconference
SAS Group Q4 2012 Teleconference December 12, 2012 1 Break-even result in 2012 despite 1.6 bn SEK higher fuel cost 23 MSEK EBT (before non-recurring items) despite 1.6 bn SEK higher fuel cost Positive
More informationVolaris 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 informationFull Year 2009 Results
Full Year 2009 Results 1 Antonio Vázquez Chairman & Chief Executive Officer 2 Highlights 2009 Strong decrease in revenues: weak demand and yield deterioration. High competition and drop of business traffic.
More informationAnalyst and Investor Conference Call Q Frankfurt, 25 October 2017
Analyst and Investor Conference Call Q3 2017 Frankfurt, 25 October 2017 Disclaimer The information herein is based on publicly available information. It has been prepared by the Company solely for use
More informationSecond quarter 2013 Results Presentation. August, 2013
Second quarter 2013 Results Presentation August, 2013 This presentation may include forward-looking comments regarding the Company s business outlook and anticipated financial and operating results. These
More informationQ1 2018/
Q1 2018/2019 27.02.2019 Highlights Q1/19 CHANGE VS. Q1-18 Financial drivers Total revenue up 6% with broadly unchanged capacity Slight increase in passengers and load factor HIGHLIGHTS Q1/19 Improved unit
More informationCopa 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 informationAzul Increases Net Income by R$152 Million in 1Q18 Operating margin was a record 12.5% despite the 21% increase in oil year over year
Azul Increases Net Income by R$152 Million in 1Q18 Operating margin was a record 12.5% despite the 21% increase in oil year over year São Paulo, May 10, Azul S.A., Azul, (B3:AZUL4, NYSE:AZUL) the largest
More informationCost-cutting measures dampen loss
FINNAIR GROUP INTERIM REPORT FOR 1 JANUARY - 30 SEPTEMBER 2009 Cost-cutting measures dampen loss Summary of the third-quarter 2009 key figures Turnover fell 21.8% to 436.9 million euros (558.7 million)
More informationSAS Group 1 st interim report 2011
SAS Group 1 st interim report 2011 Media/analyst presentation May 10, 2011 Q1 Improved earnings driven by Core SAS cost reductions Continued strong macro development in Scandinavia Additional capacity
More informationSAS Q1 2016/
SAS Q1 2016/2017 08.03.2017 Weak Q1 as expected new structural actions underway Q1 in summary Positives + Currency adjusted passenger revenue up 5% + Strong development of ancillary revenues + Passengers
More informationFINANCIAL YEAR Key data
March 8 th, 2012 FINANCIAL YEAR 2011 2011: A TOUGH YEAR Economic environment and geopolitical crises weigh on activity Insufficient level of unit revenues to absorb higher fuel bill Revenues up 4.5% to
More informationOPERATING 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 informationFourth Quarter 2006 Results Presentation February 15, 2007
Fourth Quarter 2006 Results Presentation February 15, 2007 This presentation may include forward-looking comments regarding the Company s business outlook and anticipated financial and operating results.
More informationIAG results presentation. Quarter One th May 2018
IAG results presentation Quarter One 2018 4 th May 2018 Highlights Willie Walsh, Chief Executive Officer Highlights Another strong quarter performance with an operating profit of 280m (5.6% margin, +2.3pts)
More informationHIGH FUEL PRICES DRIVE HALF YEAR PROFIT DOWN 62% AMIDST CHALLENGING ENVIRONMENT
3 November 2011 Page 1 of 4 No. 06/11 03 November 2011 HIGH FUEL PRICES DRIVE HALF YEAR PROFIT DOWN 62% AMIDST CHALLENGING ENVIRONMENT GROUP FINANCIAL PERFORMANCE First Half 2011-12 The Group made a net
More informationTHIRD QUARTER 2017 RESULTS 3 rd of November 2017
THIRD QUARTER 2017 RESULTS 3 rd of November 2017 2017 THIRD QUARTER 2017: STRONG OPERATING RESULT DRIVEN BY SOLID TRAFFIC AND INCREASE IN UNIT REVENUE Robust Group traffic statistics +5.1% +4.1% Strong
More informationEl Al Israel Airlines announced today its financial results for the year 2016 and the fourth quarter of the year:
El Al Israel Airlines announced today its financial results for the year 2016 and the fourth quarter of the year: The Company's revenues in 2016 amounted to approx. USD 2,038 million, compared to approx.
More information26 October 2017 Icelandair Group Interim Report NET PROFIT USD 101 MILLION IN THIRD QUARTER
NET PROFIT USD 101 MILLION IN THIRD QUARTER Total income in Q3 up by 10% between years, to USD 536.0 million Passenger revenue higher than expected EBITDA unchanged year on year, at USD 161.1 million Passenger
More informationSAS AB Analyst meeting
SAS AB Analyst meeting London, August 9, 2001 2 2nd Quarter a tough Quarter The Marketplace Continued weak world economy Weaker Swedish economy SAS Weaker traffic growth and reduced passenger load factors
More informationAIR 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 informationUBS 14 th Global Emerging Markets Conference. New York, November 2016
UBS 14 th Global Emerging Markets Conference New York, November 2016 This presentation may include forward-looking comments regarding the Company s business outlook and anticipated financial and operating
More informationOPERATING 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 informationFirst Half 2017 results Result improvement driven by solid traffic and unit revenue performance
28 th July 2017 2017 results Result improvement driven by solid traffic and unit revenue performance FIRST HALF 2017 Robust traffic resulting in an improved load factor, up 1.4 pts compared to last year
More informationEl Al Israel Airlines announced today its financial results for the second quarter and the first half of 2017.
August 16, 2017 El Al Israel Airlines announced today its financial results for the second quarter and the first half of 2017. The Company's revenues in the second quarter of 2017 amounted to approx. USD
More informationCopa 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 informationFourth Quarter & FY 2008 Results Presentation January 28, 2008
Fourth Quarter & FY 2008 Results Presentation January 28, 2008 This presentation may include forward-looking comments regarding the Company s business outlook and anticipated financial and operating results.
More information4.5% Decline in unit Improvement June 2011) (restructuring billion euros. Roll out in line. Key data FIRST HALF 5.2%
July 30th 2012 FINANCIAL YEAR 2012 SECOND QUARTER 4.5% rise in revenues to 6.5 billionn euros Decline in unit costs on a constantt currency and fuel price basis Improvement in operating result (-66 million
More informationKorean Air Lines Q Results & 2011 Business Plan. 27 Feb 2011
Korean Air Lines 2010 4Q Results & 2011 Business Plan 27 Feb 2011 Disclaimer This presentation is for informational purposes only, contains preliminary financial and other information about Korean Air
More information4Q15 and 2015 Results Presentation. March 30, 2016
4Q15 and 2015 Results Presentation March 30, 2016 Highlights Paulo Kakinoff CEO Highlights Macro Environment Even more adverse environment for the Brazilian economy, with a GDP drop of 3.8% in 2015 Devaluation
More informationLAN AIRLINES REPORTS NET INCOME OF US$88.3 MILLION FOR THE FIRST QUARTER OF 2010
FOR IMMEDIATE RELEASE LAN AIRLINES REPORTS NET INCOME OF US$88.3 MILLION FOR THE FIRST QUARTER OF 2010 Santiago, Chile, April 27, 2010 LAN Airlines S.A. (NYSE: LFL), one of Latin America s leading passenger
More informationFlughafen Wien Group Maintains Upward Trend: Passenger Growth and Strong Earnings Improvement in the First Nine Months of 2016
Flughafen Wien Group Maintains Upward Trend: Passenger Growth and Strong Earnings Improvement in the First Nine Months of 2016 REVENUE increase to 545.4 million (+10.2%), EBITDA rise to 306.5 million (+13.1%
More informationH1 RESULTS 2007 Jón Karl Ólafsson, CEO
H1 RESULTS 2007 Jón Karl Ólafsson, CEO Agenda 01 Highlights 02 Financial results 03 Outlook 04 New organizational chart 05 Q & A H1 Highlights Aggressive fleet growth characterizes H1 results 12 aircraft
More information2007/08 Full Year Results Investor Briefing
2007/08 Full Year Results Investor Briefing Highlights of Result Profit before tax up 46% to $1,408 million Up 36% on the reported result Margin improvement $3 billion of Sustainable Future Benefits achieved
More information