Deutsche Bank 16 th Annual Global Emerging Markets. New York, September 2017

Save this PDF as:
 WORD  PNG  TXT  JPG

Size: px
Start display at page:

Download "Deutsche Bank 16 th Annual Global Emerging Markets. New York, September 2017"

Transcription

1 Deutsche Bank 16 th Annual Global Emerging Markets New York, September 2017

2 This presentation may include forward-looking comments regarding the Company s business outlook and anticipated financial and operating results. These expectations are highly dependent on the economy, the airline industry, commodity prices, international markets and external events. Therefore, they are subject to change and we undertake no obligation to publicly update or revise any forward looking statements to reflect events or circumstances that may arise after the date of this presentation. More information on the risk factors that could affect our results are contained on our Form 20-F for the year ended December 31, Information, tables and logos contained in this presentation may not be used without consent from LATAM Airlines Group S.A.

3 LATAM at a glance: Latin America s leading and largest airline Leading network and platform in Latin America, with hubs in Sao Paulo, Lima, Brasilia and Santiago 135 destinations in 24 countries, 67mm passengers transported during 2016 ~2x the size of our next regional competitor in terms of passengers (1) Unparalleled strategic partnerships (oneworld, AA, BA, IB, Qatar) (2) provide support and expand reach globally Leading frequent flyer and loyalty programs ~30 million members ~2.5x the size of our next regional competitor in terms of members (1) Almost half of the passengers in South America fly LATAM Source: Public Company filings. (1) Compared to Gol. Gol s Smiles loyalty program has 12 million members. (2) American Airilnes, British Airways, Iberia and Qatar Airways Best Airline in South America

4 One of the largest airline groups in the world Passengers transported 2016 (million) Latin American airlines Data as of December 31, 2016 Sources: Bloomberg, company s websites 4

5 LATAM has developed diversified sources of revenue International Passenger LTM Rev 44% Domestic Brazil LTM Rev 23% Domestic SSC LTM Rev 18% 15.1 million passengers US$ 4.3bn LTM Airlines Brazil 29.0 million passengers US$2.2bn LTM Airlines Argentina - Chile Colombia Ecuador Peru 22.8 million passengers US$ 1.6bn LTM Cargo LTM Rev 12% FFP 0.9 million tons US$ 1.1bn LTM Multiplus: 16.5 million members LATAM PASS: 13.0 million members Source: Public company filings. Data as of June 30, 2017 Revenues include total operating revenues and other operating income. Breakdown of passenger revenues are Company estimates Total Revenues US$ 9,840 mm 5

6 Strong presence in domestic markets 2016 Mkt share 100% 90% 80% LATAM 25% Avianca Brasil Azul Sky Others Satena Viva Colombia Avianca Star Perú LC Perú Avianca 70% 60% 50% LATAM 35% LATAM 21% LATAM 31% Peruvian Airlines 40% 30% Aerolineas Argentinas LATAM 76% Avianca LATAM 61% 20% Gol Tame 10% 0% Argentina Brazil Chile Colombia Ecuador Peru Sources: ANAC, DGAC, JAC, Transport Ministry of Peru, Aerocivil Colombia; with internal company estimates Note: Information as of December 31,

7 Leading in connecting South America and to the world 2016 Mkt share 100% 90% 80% 70% 60% 50% 40% 30% 20% 10% 0% Others Gol Aerolineas Argentinas Avianca LATAM 45% Others United Avianca Copa LATAM 21% American Airlines Others TAP Portugal Luthfansa LATAM 13% IAG Air France-KLM Air New Zealand Qantas LATAM 44% South America North America Europe Asia Pacific Source: Internal company estimates Note: Information as of December 31,

8 Latin American airline market offers significant growth potential Latin America will grow in line with other emerging markets, and faster than Europe or the US RPKs growth % 6.0% 5.9% 5.8% World average 4.7% 3.7% 3.1% Latin America Africa Asia Middle East Europe North America Per-capita penetration of trips in Latin America is still low Trips per capita ,2 LATAM core markets 2,9 1,1 0,7 0,6 0,6 0,6 0,5 0,5 UK US Chile Colombia Mexico Peru Brazil Argentina Ecuador Data from World Bank, IATA and Boeing, together with the Civil Aeronautics institutions of the respective country. 1 Trips per capita 2015 for Ecuador 8

9 Consolidating LATAM as the leading airline in the region Network Leadership Domestic Business Model Cost Competitiveness Customer Experience Improving Results 9

10 LATAM Airlines Group continues to strengthen its network through new routes and strategic alliances Lima Santiago 9 6 Europe North /Central America & Caribbean South America Africa Guarulhos Brasilia BSB 1 LIM GRU Oceania SCL LATAM Destinations JBA* impact * Subject to regulatory approval Source: Public Company filings and press releases 10

11 New domestic business model: Increase competitiveness vs. ULCC More growth Sustainable margins Lower fares Up to 20% reduction of base fares Lower costs Lower sales costs Digital empowerment Buy on board Increased operational productivity Lower overhead costs More passengers 50% more domestic passengers by 2020 More ancillaries Clear opportunity for growth: First and second bag Changes / Flexibility Preferred seating More capacity Increased utilization Larger aircraft Higher load factor Source:LATAM website ( and press releases 11

12 Buy-on-Board and New Sales Model implemented in our domestic markets 5 million passengers already tried the Buy-on-Board service 2 million passengers flying under the new sales model 25% of daily passengers in SSCs flying with discounted fares 449 self attendance kiosks for check-in and to check baggage 71 airports with self attendance kiosks 12

13 Value added ancillary revenues Preferred seat sales Cabin upgrade bidding Second bag Flight changes Source: Company internal information 13

14 Focus on increasing productivity Employees/Aircraft (1) # Aircraft and Average Seats -19% # Employees (average) 650 Narrow Body Fleet Avg. # Seats NB Wide Body Fleet Avg. # Seats WB # aircraft , , , Q E One time costs 2016: US$58 million in aircraft re-deliveries and US$89 million in severance payments (1) Average number of employees divided by operating aircrafts 14

15 Customer experience: a culture built around the client We take customers as the center of our decisions, and everything we do tends to improve client experience before, during and after flights, by making a fast and efficient execution Digital New app gives passengers control over their journey Airport Self attendance kiosks for check-in and to check baggage Customer centric FFP Important source of differentiation and revenues Operational excellence Improving customer satisfaction by improving OTP 15

16 Results reflect the resilience of our business model Operating Revenues (US$Bn) EBIT (US$mm) Net income (US$mm) -12.6% EBIT Margin +1.9 pp -0.8 pp ,5 10,1 9,5 +7.1% 4,4 4,8 4.1% 6.0% % 4.2% 29% increase in fuel prices -9.0% H6 1H H16 1H H16 1H17 Source: LATAM s published Financial Statements 16

17 Proactive capacity management driving load factors and pricing South America real GDP growth (1) 1.3% (CAGR) (1.9%) 1.3% LATAM ASK growth 0.5% (CAGR) 0.6% 1% - 3% Guidance LATAM passenger load factor Avg. 82.0% (3) 84.2% 84.3% (2) Focus on capacity adjustments starting on 2H16 Capacity (ASK) 5% 2% 2% 3% 3% 1% 0% 0% 0% -1% 1Q15 2Q15 3Q15 4Q15 1Q16 2Q16 3Q16 4Q16 1Q17 2Q17 Sequential improvement in passenger trends for the last three quarters Passenger unit revenue growth (YoY) -15% -23% -24% -24% -19% -14% -1% 8% 8% 10% 1Q15 2Q15 3Q15 4Q15 1Q16 2Q16 3Q16 4Q16 1Q17 2Q17 (1) IMF as of April 2017 (2) As of June

18 Proactive capacity management Brazil domestic Brazil real GDP growth (1) 0.4% (CAGR) (3.5%) 0.2% LATAM Brazil ASK growth (4.1%) (CAGR) (11.5%) -3% - 1% Guidance LATAM Brazil passenger load factor 79.8% 82.3% 81.1% (2) Industry capacity adjustments driving yield and load factor Capacity (ASK) 1% 0% -1% -9% -8% -14% -13% -11% -10% -4% 1Q15 2Q15 3Q15 4Q15 1Q16 2Q16 3Q16 4Q16 1Q17 2Q17 Significant RASK recovery starting in 2H 16, though still low compared to historical levels Passenger unit revenue growth (YoY) -24% -35% -32% -38% -25% -10% 9% 35% 25% 16% 1Q15 2Q15 3Q15 4Q15 1Q16 2Q16 3Q16 4Q16 1Q17 2Q17 (1) IMF as of April 2017 (2) As of June

19 Disciplined capital investment Reduction of $2.7 bn in fleet commitments for # of Aircraft Q # of Aircraft 2Q Total fleet commitments reductions Lower fleet capex commitments 2017 Lower fleet capex commitments 2018 Lower fleet capex commitments 2019 $2,685 $1,083 $785 $817 Source: Second quarter 2017 results press release, 20-F 2016 and 20-F

20 Focus on operating cash flow generation Free cash flow 1 (USD million) $336 $614 ($132) LTM Jun '16 LTM Dec '16 LTM Jun '17 Better operational results providing higher cash flows Positive impact from the negotiations related to our fleet plan Source: LATAM Financial Statements 1 Operating cash flow plus investments including pre-delivery payments (PDPs) 20

21 Improvement in liquidity and leverage Adjusted Net Debt(1)/EBITDAR LTM 5,8x 5,3x 5,2x Dec 15 Dec 16 jun-17 Total Gross Debt Adjusted Net Debt / EBITDAR Debt maturity profile as of June 30, 2017 (2) Cash and Equivalents as % of LTM revenues 21,1% 19,0% 14,5% Dec 15 Dec 16 jun-17 Cash Committed Lines & RCF Weighted Average Cost of Debt (%) H > PDP 3.51% Banks 3.24% Bonds 7.20% Fleet 3.25% WACD 4.17% Secured Unsecured (1) Adjusted for the capitalization of operating leases (7x yearly expense) (2) Does not include PDP and PAEs. Includes. 21

22 Fuel and FX hedging portfolio LATAM Fuel Hedge for % 45% 38% 33% 1Q17 2Q17 3Q17 4Q17 LATAM BRL Hedge for 2017 (USD Million) Q17 2Q17 3Q17 4Q17 Information as of August

23 Guidance 2017: disciplined approach is providing results Guidance 2017 Passenger (ASK) Cargo (ATK) International Domestic Brazil Domestic Spanish Speaking Countries Total 3% - 5% (3%) (1%) 2% - 4% 1% - 3% (12%) (10%) Operating Margin (%) 6% - 8% 23

24 Deutsche Bank 16 th Annual Global Emerging Markets New York, September 2017

Santander 22 nd Annual Latin American Conference. Cancun, January 2018

Santander 22 nd Annual Latin American Conference. Cancun, January 2018 Santander 22 nd Annual Latin American Conference Cancun, January 2018 This presentation may include forward-looking comments regarding the Company s business outlook and anticipated financial and operating

More information

UBS 14 th Global Emerging Markets Conference. New York, November 2016

UBS 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 information

Second quarter 2013 Results Presentation. August, 2013

Second 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 information

Conference Call 1Q14 Results. Investor Relations May 15, 2014

Conference Call 1Q14 Results. Investor Relations May 15, 2014 Conference Call Results Investor Relations May 15, 2014 1 Highlights 2 Highlights Net revenues of R$2.5 billion in the quarter, an increase of 20% or R$411 million quarter-over-quarter; EBIT totaled R$144

More information

LATAM AIRLINES GROUP RECORDS A 50.1% INCREASE IN OPERATING INCOME AND A US$93.9 MILLION NET PROFIT IN THE FIRST QUARTER OF 2018

LATAM AIRLINES GROUP RECORDS A 50.1% INCREASE IN OPERATING INCOME AND A US$93.9 MILLION NET PROFIT IN THE FIRST QUARTER OF 2018 LATAM AIRLINES GROUP RECORDS A 50.1% INCREASE IN OPERATING INCOME AND A US$93.9 MILLION NET PROFIT IN THE FIRST QUARTER OF 2018 Santiago, Chile, May 8, 2018 LATAM Airlines Group S.A. (NYSE: LTM; IPSA:

More information

4Q15 and 2015 Results Presentation. March 30, 2016

4Q15 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 information

Institutional presentation. February, 2016

Institutional presentation. February, 2016 Institutional presentation February, 2016 Company and scenario highlights GOL at a glance - Largest low cost airline in LatAm Standardized fleet of 142 Boeing 737-700 and 800 NG aircraft Shareholder Structure

More information

Fourth Quarter 2006 Results Presentation February 15, 2007

Fourth 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 information

LAN and TAM announce intention to combine. Investor Presentation August 13, 2010

LAN and TAM announce intention to combine. Investor Presentation August 13, 2010 LAN and TAM announce intention to combine Investor Presentation August 13, 2010 Forward Looking Statements This presentation contains forward-looking statements, including with respect to the negotiation,

More information

2Q Earnings Results Presentation

2Q Earnings Results Presentation 2Q Earnings Results Presentation SAFE HARBOR The present document consolidates information from Avianca Holdings S.A. and its subsidiaries, including unaudited financial figures, operational managerial

More information

Investor Presentation

Investor Presentation Investor Presentation December, 2011 FORWARD-LOOKING STATEMENTS This document contains forward-looking statements, including with respect to the negotiation, implementation and effects of the proposed

More information

FIRST QUARTER 2017 RESULTS. 4 May 2017

FIRST 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 information

José Juan María William Valentina

José Juan María William Valentina José Juan María William Valentina $115.41 TARGET PRICE BUY RECOMMENDATION 26.06% UPSIDE $91.55 CLOSING PRICE January 4 th 2017 $ COMPETITIVE LEADING OPERATING METRICS CONSISTENT FINANCIAL $ COMPETITIVE

More information

LAN AIRLINES REPORTS NET INCOME OF US$88.3 MILLION FOR THE FIRST QUARTER OF 2010

LAN 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 information

Corporate Presentation. Miami, FL February 25th, 2015

Corporate Presentation. Miami, FL February 25th, 2015 Corporate Presentation Miami, FL February 25th, 2015 AGENDA LATAM Airlines in figures Cargo Unit Business Update The Company We are one of the ten largest passenger and cargo airlines in the world. PAX:

More information

Full Year 2017 RESULTS 16 th of February 2018

Full 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 information

3Q Earnings Results Presentation

3Q Earnings Results Presentation 3Q Earnings Results Presentation SAFE HARBOR The present document consolidates information from Avianca Holdings S.A. and its subsidiaries, including unaudited financial figures, operational managerial

More information

CREDIT SUISSE GLOBAL INDUSTRIALS CONFERENCE DECEMBER 4, 2014

CREDIT SUISSE GLOBAL INDUSTRIALS CONFERENCE DECEMBER 4, 2014 CREDIT SUISSE GLOBAL INDUSTRIALS CONFERENCE DECEMBER 4, 2014 1 1 SAFE HARBOR This presentation contains statements of a forward-looking nature which represent our management's beliefs and assumptions concerning

More information

THIRD QUARTER 2017 RESULTS 3 rd of November 2017

THIRD 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 information

PT GARUDA INDONESIA (PERSERO) Tbk. Analyst Meeting & Presentation First Quarter 2014 Result Announcement Jakarta, 30 April 2014

PT GARUDA INDONESIA (PERSERO) Tbk. Analyst Meeting & Presentation First Quarter 2014 Result Announcement Jakarta, 30 April 2014 PT GARUDA INDONESIA (PERSERO) Tbk. Analyst Meeting & Presentation First Quarter 2014 Result Announcement Jakarta, 30 April 2014 0 Shareholders & Performance List of Shareholders as of 31 March 2014 Number

More information

Passenger: 17.2 Million (+3.9% yoy) OTP: 85.8% SLF: 73.3% Subsidiaries Operating Revenues US$415.2 Million Cargo Carried 219.4K ton (+10.

Passenger: 17.2 Million (+3.9% yoy) OTP: 85.8% SLF: 73.3% Subsidiaries Operating Revenues US$415.2 Million Cargo Carried 219.4K ton (+10. Value* 14.78 3.36 4.97 Volume** 32.85 9.59 13.43 Last Price 423 342 348 Market Cap.*** 8.74 8.85 9.01 Note: * Average Value in Billion Rupiah ** Average Volume in Million *** Market Capitalization in Trillion

More information

Information meeting. Third quarter results. March 2011

Information meeting. Third quarter results. March 2011 Information meeting Third quarter 2010-11 results 1 March 2011 Agenda 2010-11: recovery in activity and return to profitability Current issues Air France-KLM ambitions for the next three years 2 All businesses

More information

Norwegian Air Shuttle ASA

Norwegian 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 information

LAN AIRLINES REPORTS NET INCOME OF US$4.2 MILLION FOR THE SECOND QUARTER OF 2009

LAN AIRLINES REPORTS NET INCOME OF US$4.2 MILLION FOR THE SECOND QUARTER OF 2009 FOR IMMEDIATE RELEASE LAN AIRLINES REPORTS NET INCOME OF US$4.2 MILLION FOR THE SECOND QUARTER OF 2009 Santiago, Chile, July 28, 2009 LAN Airlines S.A. (NYSE: LFL), one of Latin America s leading passenger

More information

Agenda. Conclusion of Transform Key Perform 2020 initiatives. Perform 2020 financial framework. Information meeting

Agenda. Conclusion of Transform Key Perform 2020 initiatives. Perform 2020 financial framework. Information meeting Information meeting Agenda Conclusion of Transform 2015 Key Perform 2020 initiatives Perform 2020 financial framework 2 Transform 2015: first phase of group turnaround accomplished Strict capacity discipline

More information

AIRBUS H Roadshow Presentation. New York July 31 st, 2017

AIRBUS H Roadshow Presentation. New York July 31 st, 2017 AIRBUS H1 2017 Roadshow Presentation New York July 31 st, 2017 H1 2017 HIGHLIGHTS 2 Healthy commercial aircraft environment; robust backlog of 6,771 a/c supports ramp-up plans H1 financials reflect delivery

More information

INVESTOR RELATIONS PRESENTATION Investor Relations Presentation September 2015

INVESTOR RELATIONS PRESENTATION Investor Relations Presentation September 2015 INVESTOR RELATIONS PRESENTATION Investor Relations Presentation September 2015 AEROMEXICO: MEXICO S PREMIUM REVENUE CARRIER. Mexico s only full service carrier, offering customers up to a three-class service.

More information

THIRD QUARTER 2016 RESULTS. 3 November 2016

THIRD 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 information

Annual Results Air New Zealand

Annual 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 information

Larrain Vial Conference. Santiago, Chile March 2009

Larrain Vial Conference. Santiago, Chile March 2009 Larrain Vial Conference Santiago, Chile 16 17 March 2009 This presentation may include forward-looking comments regarding the Company s business outlook and anticipated financial and operating results.

More information

Amadeus Jan-Jun 2017 Results. July 28, 2017

Amadeus Jan-Jun 2017 Results. July 28, 2017 Amadeus Jan-Jun 2017 Results July 28, 2017 Disclaimer This presentation may contain certain statements which are not purely historical facts, including statements about anticipated or expected future revenue

More information

ABX HOLDINGS, INC. Shareholders Meeting. May 13, 2008

ABX HOLDINGS, INC. Shareholders Meeting. May 13, 2008 Shareholders Meeting May 13, 2008 1 1 1 Safe Harbor Statement Except for historical information contained herein, the matters discussed in this presentation contain forward-looking statements that involve

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

Recovery on track, continued strengthening in most segments. Record Jetstar and Frequent Flyer earnings highlight value of portfolio

Recovery on track, continued strengthening in most segments. Record Jetstar and Frequent Flyer earnings highlight value of portfolio Qantas Full Year 2010 Results Presentation Overview Underlying PBT 1 more than tripled to $377m in line with guidance Delivering against strategic priorities Recovery on track, continued strengthening

More information

Third Quarter 2017 Highlights

Third Quarter 2017 Highlights Avianca Holdings Reports Third Quarter 2017 Adjusted Operating Income 1 of $131.5 Million Bogota, Colombia, November 14, 2017 Avianca Holdings S.A. (NYSE: AVH, BVC: PFAVH) today reported its financial

More information

Avianca Holdings S.A. 2Q 2013 Earnings Results

Avianca Holdings S.A. 2Q 2013 Earnings Results Avianca Holdings S.A. 2Q 2013 Earnings Results 2 Disclaimer This presentation contains certain forward-looking statements. Such forward-looking statements involve a certain degree of risk and uncertainty

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

Aviation industry outlook

Aviation industry outlook Euro Aviation ICT Forum Thursday 29 October, 2015 Divani Caravel Hotel, Athens Aviation industry outlook Jonathan Wober, Chief Financial Analyst The leading independent supplier of global aviation knowledge

More information

Wizz Air aims to increase market share with F17 capacity growth of 20% Q3 passenger growth of 20%, Load Factor of 88% (+2.3ppt)

Wizz Air aims to increase market share with F17 capacity growth of 20% Q3 passenger growth of 20%, Load Factor of 88% (+2.3ppt) Q3 F17 FINANCIAL RESULTS 1 FEBRUARY 2017 BUSINESS HIGHLIGHTS Current market conditions favour ULCCs Wizz Air aims to increase market share with F17 capacity growth of 20% Q3 passenger growth of 20%, Load

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

Volaris: the leading ultra-low-cost airline serving Mexico, USA and Central America

Volaris: the leading ultra-low-cost airline serving Mexico, USA and Central America Volaris: the leading ultra-low-cost airline serving Mexico, USA and Central America January 2018 Disclaimer The information ("Confidential Information") contained in this presentation is confidential and

More information

Finnair Q result. 25 October 2017 CEO Pekka Vauramo

Finnair 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 information

2014 Half Year Results Virgin Australia Holdings Limited 28 February 2014

2014 Half Year Results Virgin Australia Holdings Limited 28 February 2014 2014 Half Year Results Virgin Australia Holdings Limited 28 February 2014 Half year in review Australian aviation market continues to face challenging conditions, ongoing subdued consumer sentiment and

More information

QANTAS HALF YEAR 2015 FINANCIAL RESULTS 1

QANTAS HALF YEAR 2015 FINANCIAL RESULTS 1 QANTAS HALF YEAR 2015 FINANCIAL RESULTS 1 Key points: Underlying Profit Before Tax: $367 million Statutory Profit After Tax: $206 million Transformation benefits: $374 million Comparable unit cost reduction:

More information

ANALYST MEETING PT GARUDA INDONESIA (PERSERO) Tbk. 9M2015 Result Announcement Jakarta, 23 October 2015

ANALYST MEETING PT GARUDA INDONESIA (PERSERO) Tbk. 9M2015 Result Announcement Jakarta, 23 October 2015 ANALYST MEETING PT GARUDA INDONESIA (PERSERO) Tbk. 9M2015 Result Announcement Jakarta, 23 October 2015 1 Agenda Hal 1. Company Profile 3 8 2. Operational Performance 9 13 3. Financial Performance 14 20

More information

Volaris: the leading ultra-low-cost airline serving Mexico, USA and Central America

Volaris: the leading ultra-low-cost airline serving Mexico, USA and Central America Volaris: the leading ultra-low-cost airline serving Mexico, USA and Central America May 2017 Disclaimer The information ("Confidential Information") contained in this presentation is confidential and is

More information

Forward looking statements

Forward looking statements 1 Forward looking statements This presentation contains forward-looking statements. Forward-looking statements often include words such as anticipate", "expect", "intend", "plan", "believe, continue or

More information

2017 Marketing and Communications Conference. November 6, 2017

2017 Marketing and Communications Conference. November 6, 2017 2017 Marketing and Communications Conference November 6, 2017 1 2 Introduction Carrie Kenrick State of the Industry Industry Consolidation Financial Trends Ancillary Product / Customer Segmentation Fleet

More information

For personal use only

For personal use only ASX and Media Release QANTAS DELIVERS RECORD FIRST HALF PROFIT, INVESTS IN AIRCRAFT AND TRAINING Sydney, 22 February 2018 Underlying Profit Before Tax: $976 million (up 15%) Record results for Qantas Domestic,

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

Fourth Quarter 2017 Highlights

Fourth Quarter 2017 Highlights Avianca Holdings Reports Fourth Quarter 2017 Adjusted Operating Income 1 of $169.1 Million Bogota, Colombia, February 27, 2018 Avianca Holdings S.A. (NYSE: AVH, BVC: PFAVH) today reported its financial

More information

Presentation. January 2018

Presentation. January 2018 Presentation January 2018 GOL today Better relative value 1 2 3 4 5 Fortress network - #1 in business traffic and the routes that matter Proven track record of managing through all cycles The best results

More information

Qantas Airways Limited Alan Joyce, CEO Qantas Airways. Macquarie Australia Conference 3 May 2013

Qantas Airways Limited Alan Joyce, CEO Qantas Airways. Macquarie Australia Conference 3 May 2013 Qantas Airways Limited Alan Joyce, CEO Qantas Airways Macquarie Australia Conference 3 May 2013 Qantas Group: April 2013 2 Delivering on the Group s Strategic Priorities Turning around Qantas International

More information

Half Year F1 Results. November 4, 2015

Half Year F1 Results. November 4, 2015 Half Year F1 Results November 4, 2015 F17 Q1 Results 20 JULY 2016 Q1 BUSINESS HIGHLIGHTS Passenger growth of 18% to 5.8m pax on 17% seat growth Record underlying profit of 38.6m (+14%) despite Easter effect

More information

3rd Quarter Analyst Presentation

3rd Quarter Analyst Presentation SAS Group 3rd Quarter Analyst Presentation London, November 12, 1999 Contents of 3rd Quarter presentation The quarter in brief SAS International Hotels Business review & financial summary Impact from fleet

More information

Enhancing air travel options through a strong focus on profitability and innovation. 4 th Quarter 2017 Earnings Report Grupo Viva Aerobus

Enhancing air travel options through a strong focus on profitability and innovation. 4 th Quarter 2017 Earnings Report Grupo Viva Aerobus 4 th Quarter 2017 Earnings Report Grupo Viva Aerobus Enhancing air travel options through a strong focus on profitability and innovation 1 VIVA AEROBUS REPORTS GROWTH OF 17.9% IN TOTAL OPERATING REVENUE

More information

THAI AIRWAYS INTERNATIONAL PCL

THAI AIRWAYS INTERNATIONAL PCL THAI AIRWAYS INTERNATIONAL PCL 2Q2017 analysts briefing 16-Aug-2017 1 DISCLAIMER The information contained herein is intended to represent the Company s operating and financial position at a given point

More information

Jumpstart 2017 Lukas Johnson SVP, Commercial. June 2017

Jumpstart 2017 Lukas Johnson SVP, Commercial. June 2017 Jumpstart 2017 Lukas Johnson SVP, Commercial June 2017 Forward looking statements This presentation as well as oral statements made by officers or directors of Allegiant Travel Company, its advisors and

More information

Parques Reunidos Corporate Presentation March 2016

Parques Reunidos Corporate Presentation March 2016 Parques Reunidos Corporate Presentation March 216 Disclaimer The information contained in this presentation (the Presentation ), including but not limited to forward-looking statements, is provided as

More information

PT GARUDA INDONESIA (PERSERO) Tbk.

PT GARUDA INDONESIA (PERSERO) Tbk. PT GARUDA INDONESIA (PERSERO) Tbk. Analyst Meeting & Presentation First Half 2013 Result Announcement Jakarta, 2 September 2013 Delivering Indonesia s Best to the World 0 Shareholders & Performance List

More information

GOL announces Operating Profit of R$327 million and Net Income of R$328 million for the period

GOL announces Operating Profit of R$327 million and Net Income of R$328 million for the period GOL announces Operating Profit of R$327 million and Net Income of R$328 million for the period Brazil's #1 airline achieved an EBITDA margin of 17.0% and updates its outlook for 2017 São Paulo, November

More information

Citi Industrials Conference

Citi Industrials Conference Citi Industrials Conference June 13, 2017 Andrew Levy Executive Vice President and Chief Financial Officer Safe Harbor Statement Certain statements included in this presentation are forward-looking and

More information

Global Airline Trends and Impacts International Aviation Issues Seminar

Global Airline Trends and Impacts International Aviation Issues Seminar Global Airline Trends and Impacts International Aviation Issues Seminar December 2017, Washington D.C. Oliver Lamb Managing Director 1 Around the world in 45 minutes Financial Performance Canada Mexico

More information

2018 Amadeus IT Holding and its affiliates and subsidiaries. Amadeus 2017 Results. Feb 28, 2018

2018 Amadeus IT Holding and its affiliates and subsidiaries. Amadeus 2017 Results. Feb 28, 2018 Amadeus 2017 Results Feb 28, 2018 Disclaimer _ This presentation may contain certain statements which are not purely historical facts, including statements about anticipated or expected future revenue

More information

AIR BERLIN PLC Q2 RESULTS, APRIL JUNE Berlin, August 18 th, 2011

AIR BERLIN PLC Q2 RESULTS, APRIL JUNE Berlin, August 18 th, 2011 AIR BERLIN PLC Q2 RESULTS, APRIL JUNE 2011 Berlin, August 18 th, 2011 MANAGEMENT SUMMARY 1/5 Management Summary Yield 1) [EUR] +7.9% 99.75 107.68 Q2/10 PF Q2/11 ACT Measures: Increase of fuel surcharge

More information

Vueling Airlines Q4 and Full-Year Results

Vueling Airlines Q4 and Full-Year Results Vueling Airlines Q4 and Full-Year Results Contents Q1 general outlook Revenues evolution Cost performance Outlook for next quarter 2 EBT: a 23.3m improvement on a year earlier 15 non-profitable routes

More information

Investor Relations Department

Investor Relations Department THAI AIRWAYS INTERNATIONAL Plc. (Year 2008) 1 Table of Contents 1. The Company 2. Statistical Information 3. Tentative Aircraft Delivery 4. Financial Performance 5. Going Forward 2 1. The Company 3 The

More information

Finnair Group Interim Report 1 January 30 June 2008

Finnair 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 information

Airlines across the world connected a record number of cities this year, with more than 20,000 city pair connections*

Airlines across the world connected a record number of cities this year, with more than 20,000 city pair connections* 1 Airlines across the world connected a record number of cities this year, with more than 20,000 city pair connections*. This is a 1,351 increase over 2016 and a doubling of service since 1996, when there

More information

Q Analyst & investor presentation. 23 January 2018

Q Analyst & investor presentation. 23 January 2018 Q1 2018 Analyst & investor presentation 23 January 2018 Strong start in 2018 Strengthening our market positions across the network Network Q1 RPS @ CC up 6.6% - positive underlying revenue trend Cost Underlying

More information

NORWEGIAN 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 [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 information

Analyst and Investor Conference Call Q Frankfurt, 25 October 2017

Analyst 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 information

Alitalia 2005 Full Year results and update on Business Plan implementation. March 2006

Alitalia 2005 Full Year results and update on Business Plan implementation. March 2006 Alitalia 2005 Full Year results and update on Business Plan implementation March 2006 Index Latest Alitalia major events Business Plan implementation in 2005 Focus on cost cutting 2005 results and targets

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

Corporate Presentation November 2017

Corporate Presentation November 2017 Corporate Presentation November 2017 Disclaimer The material that follows comprises information about Avianca Holdings S.A. (the Company ) and its subsidiaries, as of the date of the presentation. It has

More information

American Airlines Group Inc.

American Airlines Group Inc. American Airlines Group Inc. Deutsche Bank Leveraged Finance Conference October 4, 2017 Tom Weir Vice President, Treasurer Cautionary Statement Regarding Forward-Looking Statements and Information This

More information

Air Arabia. Investor Presentation. 1 st Quarter 2015

Air Arabia. Investor Presentation. 1 st Quarter 2015 Air Arabia Investor Presentation 1 st Quarter 2015 Disclaimer Information contained in this presentation is subject to change without notice, its accuracy is not guaranteed and it may not contain all material

More information

Fundamental Value and Profitable Growth

Fundamental Value and Profitable Growth - Fundamental Value and Profitable Growth Commerzbank German Investment Seminar 2010 Stephan Gemkow Member of the Executive Board & CFO Deutsche Lufthansa AG New York / January 11, 2010 Disclaimer This

More information

Latin America Aviation in 2017

Latin America Aviation in 2017 Latin America Aviation in 2017 Peter Harbison Executive Chairman, CAPA Centre for Aviation Cartagena, 11-Sep-2017 The global market Benign economic conditions have stimulated traffic growth Broadly profitable

More information

Jakarta, 25 October Analyst Meeting 3Q / 2017

Jakarta, 25 October Analyst Meeting 3Q / 2017 Jakarta, 25 October 2017 Analyst Meeting 3Q / 2017 Shares Information 6,000 5,901 GIAA IJ Equity - Last Price (R1) JCI Index - Last Price (L1) 334 5,900.854 600 550 5,500 500 5,000 450 4,500 400 350 334

More information

INVESTOR PRESENTATION FOURTH QUARTER 2017 RESULTS

INVESTOR PRESENTATION FOURTH QUARTER 2017 RESULTS INVESTOR PRESENTATION FOURTH QUARTER 2017 RESULTS This presentation may contain forward-looking information and statements. Forward-looking statements are statements that are not historical facts. These

More information

AIRBUS. Member States Shareholder Meeting. Toulouse 4 October 2017

AIRBUS. Member States Shareholder Meeting. Toulouse 4 October 2017 AIRBUS Member States Shareholder Meeting Toulouse 4 October 2017 SAFE HARBOUR STATEMENT 2 DISCLAIMER This presentation includes forward-looking statements. Words such as anticipates, believes, estimates,

More information

Forward-looking Statements

Forward-looking Statements March 23, 2011 Forward-looking Statements This presentation contains certain forward-looking statements with respect to the Corporation. These forward-looking statements, by their nature, necessarily involve

More information

2017 A year of strong growth Finnair Q4 and FY 2017 result

2017 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 information

PUBLIC EXPOSE PT Garuda Indonesia (Persero) Tbk Result Announcement. Jakarta, 15 April 2016

PUBLIC EXPOSE PT Garuda Indonesia (Persero) Tbk Result Announcement. Jakarta, 15 April 2016 PUBLIC EXPOSE PT Garuda Indonesia (Persero) Tbk. 2015 Result Announcement Jakarta, 15 April 2016 1 HIGHLIGHTS EBITDAR MARGIN: 32.7% 19% YoY TOTAL REVENUES: US$3.81 billion 3.0% YoY UNSCHEDULED FLIGHT REVENUES

More information

AIRBUS FY 2017 ROADSHOW PRESENTATION

AIRBUS FY 2017 ROADSHOW PRESENTATION AIRBUS FY 2017 ROADSHOW PRESENTATION February 2018 SAFE HARBOUR STATEMENT 2 DISCLAIMER This presentation includes forward-looking statements. Words such as anticipates, believes, estimates, expects, intends,

More information

THIRD QUARTER 2017 RESULTS STRONG OPERATING RESULT DRIVEN BY SOLID TRAFFIC AND INCREASE IN UNIT REVENUE

THIRD QUARTER 2017 RESULTS STRONG OPERATING RESULT DRIVEN BY SOLID TRAFFIC AND INCREASE IN UNIT REVENUE 3 rd of November 2017 THIRD QUARTER 2017 RESULTS STRONG OPERATING RESULT DRIVEN BY SOLID TRAFFIC AND INCREASE IN UNIT REVENUE THIRD QUARTER 2017 The operating result stands at 1,022 million euros, up 38.7%

More information

Cebu Pacific Air (CEB) Briefing Routes Asia 2012 Chengdu, China

Cebu Pacific Air (CEB) Briefing Routes Asia 2012 Chengdu, China Cebu Pacific Air (CEB) Briefing Routes Asia 2012 Chengdu, China April 2012 Outline Who is Cebu Pacific? Business Proposition Support Package Required Who is Cebu Pacific? CEB: The Philippines Largest Carrier

More information

IAG results presentation. Full Year rd February 2018

IAG results presentation. Full Year rd February 2018 IAG results presentation Full Year 2017 23 rd February 2018 2017 highlights Willie Walsh, Chief Executive Officer Overall financial targets exceeded FY2017 financial highlights 13.6% 16.0% Targeting sustainable

More information

Lufthansa what s different?

Lufthansa what s different? - Lufthansa what s different? Deutsche Bank German Corporate Conference 29 Stephan Gemkow Member of the Executive Board & CFO Deutsche Lufthansa AG Frankfurt, June 23, 29 Executive summary World-wide recession

More information

Cathay Pacific Airways

Cathay Pacific Airways Cathay Pacific Airways Interim Results for the six months ended 30 th June 2014 13th August 2014 1 Interim Results 1H2014 1H2013 Change Profit attributable to the shareholders of Cathay Pacific HK$ million

More information

Delta Air Lines Announces $158 Million Quarterly Profit and $1.4 Billion Annual Profit, Excluding Special Items

Delta Air Lines Announces $158 Million Quarterly Profit and $1.4 Billion Annual Profit, Excluding Special Items FOR IMMEDIATE DISTRIBUTION CONTACT: Investor Relations 404-715-2170 Corporate Communications 404-715-2554, media@delta.com news archive at news.delta.com Delta Air Lines Announces $158 Million Quarterly

More information

Net Debt, $m 1, ,733.7

Net Debt, $m 1, ,733.7 Virgin Australia Holdings Limited (ASX: VAH) FY17 Results: Stronger Cash and Balance Sheet, Statutory and Underlying Loss, Outlook Improving 1 Summary of FY17 Financial Outcomes Group Underlying Loss Before

More information

ALAFCO Aviation Lease And Finance Co. KSCC

ALAFCO Aviation Lease And Finance Co. KSCC Information MEMORANDUM ALAFCO Aviation Lease And Finance Co. KSCC Mr. Ahmad A. Alzabin Vice Chairman and Chief Executive Officer The 6th Forum for Listed Companies and Analysts Kuwait 20 May 2014 Core

More information

Delivering Transformative Growth. Dahlman Rose Global Transportation Conference September 8, 2011

Delivering Transformative Growth. Dahlman Rose Global Transportation Conference September 8, 2011 Delivering Transformative Growth Dahlman Rose Global Transportation Conference September 8, 2011 Safe Harbor Statement This presentation contains forward-looking statements within the meaning of the Private

More information

Significant strategic developments announced today

Significant strategic developments announced today Qantas Airways Limited Building a Stronger Qantas August 2011 Executive Summary Significant strategic developments announced today Initial Phase of comprehensive plan to turnaround the Qantas International

More information

AIRASIA X. Fourth Quarter and Full Year 2015 Financial Results

AIRASIA X. Fourth Quarter and Full Year 2015 Financial Results AIRASIA X Fourth Quarter and Full Year 2015 Financial Results DISCLAIMER Information contained in our presentation is intended solely for your reference. Such information is subject to change without notice,

More information

GIAA In Flash YTD September 2015

GIAA In Flash YTD September 2015 GIAA In Flash YTD September 2015 Garuda Indonesia Group (GIAA) Continues its Green Performance in Challenging Market Picture s source: www.google.com The 3rd quater in 2015 is a tough period for GIAA bussines.

More information

Airline Performance and Capacity Strategies Dr. Peter Belobaba

Airline Performance and Capacity Strategies Dr. Peter Belobaba Airline Performance and Capacity Strategies Dr. Peter Belobaba Istanbul Technical University Air Transportation Management M.Sc. Program Network, Fleet and Schedule Strategic Planning Module 18 : 13 March

More information

Air Arabia. Investor Presentation. Sharjah, UAE: September 2013

Air Arabia. Investor Presentation. Sharjah, UAE: September 2013 Air Arabia Investor Presentation Sharjah, UAE: September 2013 Disclaimer Information contained in this presentation is subject to change without notice, its accuracy is not guaranteed and it may not contain

More information