El Al Israel Airlines announced today its financial results for the second quarter and the first half of 2017.

Size: px
Start display at page:

Download "El Al Israel Airlines announced today its financial results for the second quarter and the first half of 2017."

Transcription

1 August 16, 2017 El Al Israel Airlines announced today its financial results for the second quarter and the first half of The Company's revenues in the second quarter of 2017 amounted to approx. USD 541 million, compared to approx. USD 537 million in the second quarter of the previous year, an increase of about 0.6%; Gross profit in the second quarter of 2017 amounted to approx. USD 107 million, compared to approx. USD 124 million in the second quarter of the previous year, a decline of about 13%; Operating profit in the second quarter of 2017 amounted to approx. USD 27 million, compared to approx. USD 51 million in the second quarter of the previous year, a decline of about 47%; Net profit in the second quarter of 2017 amounted to approx. USD 16.4 million, compared to a profit of approx. USD 35 million in the second quarter of 2016, a decline of about 53%; The number of flight segments in the second quarter of 2017 increased by approx. 2.4% compared to the second quarter of the previous year; the Company's market share of passenger traffic at Ben Gurion Airport in the second quarter of the year was approx. 29.5%, compared to 34.2% in the second quarter of 2016; Passenger Load Factor in the second quarter of 2017 stood at approx. 84.3%, compared to 83.1% in the second quarter of the previous year; the Company's ASK (Available Seat Kilometer ) declined by about 3% and RPK ( Revenue Passenger Kilometer) decreased by about 1%; Average total income per RPK (Yield) increased by about 0.7%; Cash flow from operating activities in the second quarter of 2017 amounted to approx. USD 101 million compared to approx. USD 107 million in the second quarter of last year;

2 EBITDA amounted to approx. USD 70 million, compared to approx. USD 96 million in the second quarter of last year; The Company's cash and deposits balances as of June 30, 2017 totaled approx. USD 276 million; The Company's equity as of June 30, 2017 totaled approx. USD 247 million; The Company's revenues in the first six months of 2017 amounted to approx. USD 959 million, compared to approx. USD 934 million in the first six months of the previous year, indicating a growth of about 2.6%; Gross profit in the first six months of the year amounted to approx. USD 148 million, compared to approx. USD 158 million in the first six months of the previous year, reflecting a decline of about 6.4%; Net Loss in the first six months of 2017 amounted to approx. USD 13.6 million, compared to a net profit of approx. USD 13.6 million in the first six months of 2016; XXXXXXXXXXXXXXX David Maimon, EL AL's CEO: "In the second quarter of 2017, EL AL had to cope with the huge growth in competition at Ben Gurion Airport. Notwithstanding, revenues increased due to an increase in passenger segments. Load factor increased, cash flow is strong and the Company maintain its financial strength. We are delighted to inform that the first Dreamliner, a Boeing aircraft, will arrive this month and begin operating in the next few weeks, this will lead the Company to a new era. This plane is the first out of 16 to reach by the end of We submitted a request to the Antitrust Commissioner to approve the acquisition, through its subsidiary Sun d'or, of Israir Aviation and Tourism from I.D.B Tourism. The transaction is an important element in the implementation of EL AL's longterm strategy to enhance and diversify the basket of services offered by the Company, allowing it to increase the entire Group revenues and accelerate the Company's growth while increasing its volume of operations.

3 The Fly Card credit card continues to serve as a major growth engine, currently with about 238 thousand holders. The Company will launch in November a direct route to Miami, which is an important strategic step in the continued expansion of EL AL's route network in North America. We are committed to continue to provide our customers with services and products at the highest level and focus on our continued efforts to deal with the challenging market conditions". Dganit Palti, El Al's CFO, stated: "Also this quarter, the Company recorded an increase in revenues, despite the challenging business environment characterized by a significant increase in competition at Ben Gurion Airport. Alongside this, an increase in jet fuel expenses was recorded due to the increase in oil price, and an increase in payroll expenses, mainly due to the new wage agreements and the strengthening of the shekel against the dollar In the second quarter, the Company continued to generate high cash flows from operations of over USD 100 million and present high liquidity expressed by cash balances of approx. USD 276 million along with equity of approx. USD 247 million. Furthermore, the Company paid during the quarter advances totaling approx. USD 24 million for the Dreamliner aircrafts it has acquired, which are expected to join the Company's fleet during The Company's cash reserves and its high cash flows from operating activities constitute a solid basis for promoting its investments as part of the Company's long-term strategic plan." XXXXXXXXXXXXXXX

4 Highlights for the Three and Six Months Ended June 30, 2017: January June In USD millions April - June Change Change Operating revenues % % Operating expenses (810) (776) 4% (434) (414) 5% Gross profit (6%) (13%) EBITDA (24%) (26%) Profit (loss) before taxes on income (17) (54%) Profit (loss) for the period (14) (53%) Profit and loss results for the three months ended June 30, Operating revenues operating revenues amounted to approx. USD 541 million, reflecting an increase of about 3.4% in the reported period compared to the second quarter of 2016, with an increase of about 1.1% in passenger revenues. The increase in the Company's revenues appears despite the decline in passenger revenue kilometer (RPK) flown by the Company (as a result of a different flight mix operated by the Company), mainly due to an increase in passenger yield per kilometer. Cargo revenues decreased about 2.5%, mostly as a result of a decline in revenue ton kilometer (RTK) flown by the Company. 2. Operating expenses operating expenses amounted to approx. USD 434 million, reflecting an increase of approx. USD 19.9 million in the reported period (about 4.8%) compared to the second quarter of Operating expenses were mainly affected by an increase of approx. USD 12 million in the Company's payroll expenses. The increase in payroll expenses resulted from several factors, of which the most important are: the weakening of the dollar against the shekel, an increase in the salaries of employees following wage increases under the Company's wage agreements, inter alia, agreements executed with the Pilot Union in December 2016 and February 2017, as well as due to an updated provision in respect of procedures related to withholding salary tax assessment, as described in Note 7.D. to the condensed financial statements. The Company's jet fuel expenses also increased, as specified below. The increase in expenses was offset by a decline in the ad hoc lease expenses of passenger and cargo aircrafts, compared to the second quarter of Jet Fuel Expenses jet fuel expenses increased by approx. USD 6.2 million (about 6.2%) compared to the second quarter of 2016, as a result of an increase in jet fuel prices. This impact was partially offset by the change in the results of jet fuel hedging transactions and the decline in flight hours. The following table reflects the impact of jet fuel expenses on the Company's results, including the impact of hedging transactions (in USD million):

5 In USD millions Change Jet fuel expenses for the period (before hedging impact) Impact of jet fuel hedging transactions on profit and loss (5.9) Total jet fuel expenses (including hedging impact) Selling Expenses selling expenses totaled at approx. USD 54.6 million, an increase of about 7.2%%, mainly as a result of an increase in the Company's advertising expenses arising from initiating new campaigns for the launch of a new destination and the arrival of the 787 aircrafts, as well as an increase in payroll expenses, mainly due to the change in the dollar exchange rate, as explained above. 5. Financing Expenses - net financing expenses amounted to approx. USD 4.6 million compared to approx. USD 5.8 million in the second quarter of 2016, mostly as a result of financing income recorded for the impact of the shekel strengthening against the dollar in the reported quarter on current assets balances on the Company's balance sheet (it should be noted that revaluation of balance-sheet shekel balances, most of which are liabilities, related to employee benefits recognized as an expense, are presented in the payroll expenses item and constitute part of the exchange rate impact on those expenses). 6. Profit before tax profit before tax amounted to approx. USD 21.8 million, compared to a profit before tax of approx. USD 47.0 million in the second quarter of the previous year, mainly as a result of the aforesaid increase in operating expenses. 7. Profit for the Period totaled approx. USD 16.4 million, constituting about 3% of the turnover, compared to a profit after tax of approx. USD 35.0 million in the second quarter of 2016, constituted about 6.5% of the turnover. 8. Cash Flows from Operating Activities cash flows from operating activities amounted to approx. USD million, compared to positive cash flows from operating activities of approx. USD million in the second quarter of The decrease in cash flow was mainly due to a drop in the profit for the period, offset by the impact of changes in the assets and liabilities items compared to the second quarter of Additionally, cash flows from operating expenses in the reported quarter were affected by the payment of partial bonuses to employees and executives, whereas in the second quarter of last year these bonuses were paid in full. Profit and loss results for the six months ended June 30, Operating revenues operating revenues amounted to approx. USD 959 million, reflecting an increase of approx. USD 25 million, about 2.6% compared to the first half of 2016, with an increase of about 3.9% in passenger revenues and a decrease of about 9.8% in cargo revenues. The increase in the Company's revenues in the reported half year was mainly due to the increase in passenger revenues, as a result of an increase in passenger revenue per kilometer (RPK) flown by the Company and in passenger yield per kilometer. The decline in cargo revenues in the

6 reported half year was the result of a decline in revenue ton kilometer (RTK) and yield per tonkilometer. 2. Operating expenses operating expenses amounted to approx. USD 810 million, reflecting an increase of approx. USD 34.6 million (about 4.5%) compared to the first half of The increase in operating expenses in the reported half year was mainly due to an increase in the Company's payroll expenses arising from the weakening of the dollar against the shekel (as explained above in the second quarter results) and due to the 2016 bonus that was approved in April 2017, as well as an increase in both jet fuel expenses and depreciation expenses (among others, in view of the exit plan from the 747 and 767 aircraft servicing), which were partially offset by a decline in the ad hoc lease expenses of passenger and cargo aircrafts, compared to the first half of Financing Expenses - net financing expenses in the reported half year amounted to approx. USD 9.6 million compared to approx. USD 10.7 million in the first half of 2016, mostly as a result of income from exchange rate differentials due to the shekel strengthening against the dollar, compared to income from loan repayment recognized in the first half of Loss for the Period in the reported half year, loss before tax amounted to approx. USD 17.0 million and loss after tax amounted to approx. USD 13.6 million, constituting about 1.4% of the turnover, compared to a profit before tax of approx. USD 13.4 million in the first half of 2016 and profit after tax of approx. USD 13.6 million, constituted about 1.5% of the turnover. The difference resulted mainly from an increase in the Company's operating expenses. Balance Sheet Data as of June 30, 2017: 1. Current Assets - amounted to approx. USD million, reflecting a growth of approx. USD million compared to December 31, This growth resulted mostly from an increase in cash and short-term deposits balances, compared to such balances at the end of 2016, and from a seasonal increase in the receivables item, which was partially offset by a decrease in the derivatives financial instruments item. 2. Current Liabilities - amounted to approx. USD million, reflecting a growth of approx. USD million compared to December 31, This growth mainly arises from a seasonal increase in the unearned revenues from sale of airline tickets' item and in trade payables and other payables compared to December 31, It shall be further noted that the Company's short-term loans were affected by an increase in loans taken to finance advances for aircrafts, whose repayment is expected to be financed by long-term loans to be obtained upon arrival of the aircrafts. This impact was offset as a result of a refinancing agreement entered into with a local bank, as described in Note 5.B.(2) to the condensed financial statements. 3. Working Capital the Company has a working capital deficit of approx. USD million as of June 30, 2017, compared to a deficit of approx. USD dollar as of December 31, It shall be noted that a substantial part of the working capital deficit does not reflect short-term cash flows, as explained below. The Company's current ratio as of June 30, 2017 increased to approx. 56.8%, compared to 54.6% as of December 31, The working capital deficit as of June 30, 2017 consists of two substantial components which are included in the Company's current liabilities items and are characterized by current business cycle; however, the Company

7 is not required to use cash-flow sources in the short term in order to repay these components: prepaid revenue from the sale of airline tickets and from the Frequent Flyer Club, to be settled by providing future flight services, and an employee leave liability payable upon retirement but classified as a short-term liability in accordance with accounting principles. Furthermore, current liabilities include loans taken to finance advance payments for the 787 aircrafts, whose source of repayment is based on long-term financing which will be provided upon receipt of these aircrafts. As of June 30, 2017, the amount attributable to these liabilities, out of the total current liabilities, stands at approx. USD 57 million. 4. Non-Current Assets amounted to approx. USD 1,320.9 million, indicating an increase of approx. USD 39.1 million compared to December 31, 2016, mainly as a result of advance payments made for the 787 Boeing aircrafts acquisition, less current depreciation. 5. Non-Current Liabilities - totaled approx. USD million, indicating an increase of approx. USD 24.5 million compared to December 31, 2016, mostly as a result of an increase in bank loans (among others, a loan received during the reported quarter for the purpose of financing advances). 6. Equity amounted to approx. USD million. The decline of approx. USD 37.5 million, compared to equity as of December 31, 2016, mainly resulted from the loss for the period and a payment of a dividend of about USD 9.9 million, as well as the impact of the Company's hedging instruments on the equity funds, in a negative, net-of-tax amount of approx. USD 18.0 million, partially offset by a positive impact on the equity in respect of re-measurement of defined benefit plans (actuary) and conversion differentials of approx. USD 4.0 million. It shall be clarified that this notice is not a substitute for reading the Company's financial statements as of June 30, About El Al ( El Al Israel Airlines Ltd. is the National Air Carrier of Israel. In 2016, El Al recorded revenues amounting to nearly USD 2 billion. El Al carries about 5.5 million passengers a year. The Company operates flights to about 34 direct destinations around the world and many other destinations by means of cooperation agreements with other airlines, thus it currently operates 43 aircrafts, of which 28 are owned by the Company. Details of Conference Call A conference call shall took place on Wednesday, August 16, 2017, at 12:30 (Israel time) for a review of the results. Individuals wishing to participate in the conference call are welcome to dial A recording of the conference call will be available to those interested starting from August 16, 2017, at 17:00 (Israel time), until August 23, 2017, via phone number , as well as on the Company's Investor Relations website at: starting from August 18, For further details: Dafna Cohen Head of Investor Relations El Al Israel Airlines Ltd Amir Eisenberg CEO Eisenberg-Eliash Ltd

El 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: 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 information

PRESS RELEASE / NOTICE TO INVESTORS

PRESS RELEASE / NOTICE TO INVESTORS March 25, 2015 PRESS RELEASE / NOTICE TO INVESTORS El Al's CEO David Maimon and its CFO, Dganit Palti, today presented the financial statements for the fourth quarter of 2014 In 2014 the Company's revenues

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

FIRST QUARTER RESULTS 2016

FIRST 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 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

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

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

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

AEROFLOT ANNOUNCES FY 2017 IFRS FINANCIAL RESULTS

AEROFLOT 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 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

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

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

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

PRESS RELEASE Financial Results. Rising passenger traffic at 12.5m Exceeding 1bn in consolidated revenue

PRESS 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 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

Finnair Q Result

Finnair 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 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

Icelandair Group Financial Results for the first half and Q2 2007

Icelandair Group Financial Results for the first half and Q2 2007 Icelandair Group Financial Results for the first half and Q2 2007 Total revenue for H1 2007 was ISK 28.1 billion compared to ISK 24.1 billion for H1 2006, an increase of 17%. Total revenue for Q2 2007

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

1.3% millionn euros. Net debt of 5.4 improvement. euros to. Financial Year. the Air. operating. equipped. ness and. also focus on.

1.3% 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 information

H1 RESULTS 2007 Jón Karl Ólafsson, CEO

H1 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 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

Finnair Q Result

Finnair Q Result Finnair Q1 2015 Result 7 May 2015 CEO Pekka Vauramo, Interim CFO Mika Stirkkinen 1 Turbulent market environment The weakness of the Finnish economy continued to be reflected in the demand in the first

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

First Half 2017 results Result improvement driven by solid traffic and unit revenue performance

First 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 information

Ref. PE004/ May Subject: Management Discussion and Analysis for the First Quarter of 2018

Ref. PE004/ May Subject: Management Discussion and Analysis for the First Quarter of 2018 Ref. PE004/2561 10 May 2018 Subject: Management Discussion and Analysis for the First Quarter of 2018 Attention: President The Stock Exchange of Thailand According to the financial reports of Nok Airlines

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 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

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

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

JAPAN AIRLINES Co., Ltd. Financial Results 1 st Quarter Mar/2017(FY2016) July 29, 2016

JAPAN AIRLINES Co., Ltd. Financial Results 1 st Quarter Mar/2017(FY2016) July 29, 2016 JAPAN AIRLINES Co., Ltd. Financial Results Mar/2017(FY2016) July 29, 2016 Today s Topics P.1 P.2 P.13 From the first quarter of this fiscal year, figures for Revenue Passengers Carried, ASK, RPK and Load

More information

Financial Results 1 st Quarter Mar/2016 (FY2015) 30 July, 2015

Financial Results 1 st Quarter Mar/2016 (FY2015) 30 July, 2015 Financial Results Mar/2016 (FY2015) 30 July, 2015 Today s Topics P.2 P.3 P.15 1 Overview of FY Mar/2016 Financial Results Operating Revenue Operating Profit 320 307.0 +4.9Bn (+1.6%) 312.0 50 +17.6Bn (+94.6%)

More information

Thank you for participating in the financial results for fiscal 2014.

Thank 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 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

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

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 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 information

JAPAN AIRLINES Co., Ltd. Financial Results 1 st Quarter Mar/2017(FY2016) July 29, 2016

JAPAN AIRLINES Co., Ltd. Financial Results 1 st Quarter Mar/2017(FY2016) July 29, 2016 JAPAN AIRLINES Co., Ltd. Financial Results Mar/2017(FY2016) July 29, 2016 Today s Topics P.1 P.2 P.13 From the first quarter of this fiscal year, figures for Revenue Passengers Carried, ASK, RPK and Load

More information

Finnair Q Result

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 information

31 October 2018 RESULTS AS AT 30 SEPTEMBER 2018 Good resilience of operating result thanks to revenue performance and unit cost reduction

31 October 2018 RESULTS AS AT 30 SEPTEMBER 2018 Good resilience of operating result thanks to revenue performance and unit cost reduction 31 October 2018 RESULTS AS AT 30 SEPTEMBER 2018 Good resilience of operating result thanks to revenue performance and unit cost reduction THIRD QUARTER 2018 Air France-KLM commercial teams delivered a

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

1Q 2014 Edition. Share Information. Daily Share Price Movements

1Q 2014 Edition. Share Information. Daily Share Price Movements 1Q 2014 Edition 1Q 2013 1Q 2014 Change Financial Summary (USD Mio) OPERATING REVENUES 807 807 0.01% OPERATING EXPENSES 827 1,000 20.86% OTHERS (INCOME) 4 25 460.80% INCOME (LOSS) FROM OPERATIONS -20-193

More information

Management Discussions and Analysis for the three-month period ended 31 March 2014 and Executive Summary

Management Discussions and Analysis for the three-month period ended 31 March 2014 and Executive Summary Executive Summary Overview of the global economy during the first quarter of 2015 (Q1/2015) are as following; the US economy has been in recovery mode while rapidly dollar appreciation weighs on net exports

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

20 February 2019 FULL YEAR 2018 RESULTS Resilient results despite the impact of strikes and fuel bill increase

20 February 2019 FULL YEAR 2018 RESULTS Resilient results despite the impact of strikes and fuel bill increase 20 February 2019 FULL YEAR 2018 RESULTS Resilient results despite the impact of strikes and fuel bill increase FULL YEAR 2018 More than 100 million passengers carried, the leading European group for long-haul

More information

Finnair Group Interim Report 1 January 30 September 2008

Finnair 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 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

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

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

2012 Result. Mika Vehviläinen CEO

2012 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 information

1 st Quarter Results FY

1 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 information

FINANCIAL YEAR Key data

FINANCIAL 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 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

3M 2013 Edition. Share Information : GIAA.IJ / GIAA.JK. Daily Share Price Movements

3M 2013 Edition. Share Information : GIAA.IJ / GIAA.JK. Daily Share Price Movements 3M 2013 Edition 3M 2012 3M 2013 Change Financial Summary (USD Mio) OPERATING REVENUES 717 807 12.51% OPERATING EXPENSES 734 827 12.70% INCOME (LOSS) FROM OPERATIONS (17) (20) 20.68% INCOME (LOSS) BEFORE

More information

LOCATED AT THE GATEWAY OF THE TROPICAL PROVINCE, RIDING ON THE GROWTH MOMENTUM OF THE COUNTRY, WE ARE ON THE RIGHT TRACK OF TAKING OFF.

LOCATED AT THE GATEWAY OF THE TROPICAL PROVINCE, RIDING ON THE GROWTH MOMENTUM OF THE COUNTRY, WE ARE ON THE RIGHT TRACK OF TAKING OFF. LOCATED AT THE GATEWAY OF THE TROPICAL PROVINCE, RIDING ON THE GROWTH MOMENTUM OF THE COUNTRY, WE ARE ON THE RIGHT TRACK OF TAKING OFF. MANAGEMENT DISCUSSION INDUSTRY REVIEW Civil Aviation Industry in

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

Second Quarter to 30th September

Second Quarter to 30th September 22 nd November 2007 FINANCIAL YEAR 2007-08 EXCELLENT SECOND QUARTER Operating income up 27.6% to 725 million euros Adjusted 1 operating margin of 12%, up 2 points Net income up 97% to 736 million euros

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

RESULTS AS AT 30 th JUNE 2018 Positive unit revenue securing stable operating result excluding strikes

RESULTS AS AT 30 th JUNE 2018 Positive unit revenue securing stable operating result excluding strikes 1 st August 2018 RESULTS AS AT 30 th JUNE 2018 Positive unit revenue securing stable operating result excluding strikes SECOND QUARTER 2018 Air France-KLM leveraged the solid ongoing demand to generate

More information

Air China Limited Annual Results. March Under IFRS

Air 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 information

Air China Limited Interim Results. August Under IFRS

Air 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 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

LATAM AIRLINES GROUP REPORTS A 25.8% IMPROVEMENT IN OPERATING INCOME AND NET INCOME OF US$155.3 MILLION FOR FULL YEAR 2017

LATAM AIRLINES GROUP REPORTS A 25.8% IMPROVEMENT IN OPERATING INCOME AND NET INCOME OF US$155.3 MILLION FOR FULL YEAR 2017 LATAM AIRLINES GROUP REPORTS A 25.8% IMPROVEMENT IN OPERATING INCOME AND NET INCOME OF US$155.3 MILLION FOR FULL YEAR 2017 Santiago, Chile, March 14, 2017 LATAM Airlines Group S.A. (NYSE: LTM; IPSA: LTM),

More information

RESULTS RELEASE 20 August GENTING HONG KONG GROUP ANNOUNCES FIRST HALF RESULTS FOR 2015 Highlights

RESULTS RELEASE 20 August GENTING HONG KONG GROUP ANNOUNCES FIRST HALF RESULTS FOR 2015 Highlights RESULTS RELEASE 20 August 2015 FOR IMMEDIATE RELEASE INTERNATIONAL GENTING HONG KONG GROUP ANNOUNCES FIRST HALF RESULTS FOR 2015 Highlights The commentary below is prepared based on a comparison of the

More information

FIRST QUARTER 2014 RESULTS

FIRST QUARTER 2014 RESULTS FIRST QUARTER 2014 RESULTS Mexico City, April 29, 2014 - Grupo Aeromexico S.A.B de C.V. ( Aeromexico ) (BMV: AEROMEX), the largest airline in Mexico, today reported its unaudited consolidated results for

More information

Earnings Report 1 st Quarter 2016 Grupo Viva Aerobus

Earnings Report 1 st Quarter 2016 Grupo Viva Aerobus Earnings Report 1 st Quarter 2016 Grupo Viva Aerobus Grupo Viva Aerobus announces results for the first quarter of 2016 Mexico City, Mexico, April 29, 2016- Grupo Viva Aerobus S.A. de C.V. ( Grupo Viva

More information

Emirates Group announces half-year performance for

Emirates Group announces half-year performance for Final Emirates Group announces half-year performance for 2018-19 Group: Revenue up 10% to AED 54.4 billion (US$ 14.8 billion), and profit of AED 1.1 billion (US$ 296 million), down 53%. Results impacted

More information

PRESS 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 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 information

AUDITED GROUP RESULTS AND CASH DIVIDEND FOR THE YEAR ENDED 30 JUNE 2014

AUDITED GROUP RESULTS AND CASH DIVIDEND FOR THE YEAR ENDED 30 JUNE 2014 Comair Limited (Incorporated in the Republic of South Africa) Reg. No. 1967/006783/06 ISIN Code: ZAE000029823 Share Code: COM ( Comair or the Group ) AUDITED GROUP RESULTS AND CASH DIVIDEND FOR THE YEAR

More information

Q Fast growth continued, Comparable operating result at record high levels Pekka Vauramo

Q 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 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

Management s Discussion and Analysis

Management s Discussion and Analysis Management s Discussion and Analysis For the period ended 31 December 2015 Bangkok Airways Public Company Limited and Its Subsidiaries 1 Bangkok Airways Public Company Limited and its Subsidiaries Management

More information

Management s Discussion and Analysis

Management s Discussion and Analysis Management s Discussion and Analysis For the period ended 30 June 2016 Bangkok Airways Public Company Limited and Its Subsidiaries 1 Bangkok Airways Public Company Limited and its Subsidiaries Management

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

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

26 October 2017 Icelandair Group Interim Report NET PROFIT USD 101 MILLION IN THIRD QUARTER

26 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 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

Icelandair Group Profits before Taxes ISK 3, 1 billion

Icelandair Group Profits before Taxes ISK 3, 1 billion Earnin Earnings Release Reykjavík, 20 February 2007 Icelandair Group s results for 2006 Icelandair Group Profits before Taxes ISK 3, 1 billion Business Highlights 2006 Net profits before taxes (EBT) ISK

More information

Summary of Results for the First Quarter of FY2015/3

Summary of Results for the First Quarter of FY2015/3 Summary of for the First Quarter of FY2015/3 August 8, 2014 Tokyu Corporation (9005) http://www.tokyu.co.jp/ Contents Ⅰ.Executive Summary 2 Ⅱ.Conditions in Each Business 4 Ⅲ.Details of Financial for the

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

Analyst and Investor Conference Call Q Ulrik Svensson, CFO and Member of the Executive Board

Analyst 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 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

Financial Results 3 rd Quarter MAR/2016 (FY2015)

Financial Results 3 rd Quarter MAR/2016 (FY2015) Financial Results MAR/2016 (FY2015) January 29 th, 2016 CONTENTS P.1 P.2 P.3 P.4~ Overview of FY MAR/16 Results Operating Revenue Operating Profit 1,030 1,020 1,010 +1.0Bn 1,022.3 1,023.4 (+0.1%) 180 160

More information

Part 1 Performance Highlights. Part 2 Business Overview. Part 3 Financial Review

Part 1 Performance Highlights. Part 2 Business Overview. Part 3 Financial Review August 216 1 Part 1 Performance Highlights Part 2 Business Overview Part 3 Financial Review Part 4 Outlook 2 Under IFRS 3 Part 1 Performance Highlights Performance Highlights - Key Operational Metrics

More information

NORWEGIAN AIR SHUTTLE ASA QUARTERLY REPORT FIRST QUARTER 2004 [This document is a translation from the original Norwegian version]

NORWEGIAN 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 information

In 2Q18, Brazil s #1 airline achieves a 2% EBIT margin and grows net revenues by 9%

In 2Q18, Brazil s #1 airline achieves a 2% EBIT margin and grows net revenues by 9% In 2Q18, Brazil s #1 airline achieves a 2% EBIT margin and grows net revenues by 9% Operating Income for the second quarter doubled, reaching R$43 million São Paulo, August 2, 2018 - ( GOL or Company ),

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

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

HK GAAP RESULTS RELEASE 12 August 2008 STAR CRUISES GROUP ANNOUNCES FIRST HALF RESULTS FOR 2008

HK GAAP RESULTS RELEASE 12 August 2008 STAR CRUISES GROUP ANNOUNCES FIRST HALF RESULTS FOR 2008 HK GAAP RESULTS RELEASE 12 August 2008 FOR IMMEDIATE RELEASE INTERNATIONAL STAR CRUISES GROUP ANNOUNCES FIRST HALF RESULTS FOR 2008 The below commentary is prepared based on the comparison of the results

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

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

4.5% Decline in unit Improvement June 2011) (restructuring billion euros. Roll out in line. Key data FIRST HALF 5.2%

4.5% 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 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

Analysts and Investors conference call. Q results. 15 May 2013

Analysts 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 information

2017 results: REVENUE up to million (+1.6%), NET PROFIT FOR THE PERIOD 1 shows significant increase to million (+12.

2017 results: REVENUE up to million (+1.6%), NET PROFIT FOR THE PERIOD 1 shows significant increase to million (+12. Business Results in 2017: Significant Rise in Profits of the Flughafen Wien Group Management Board Announces Substantial Upward Revision of Earnings Guidance and Traffic Figures for 2018 2017 results:

More information

million euros to 5.3 billion euros

million 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 information

Management s Review and Analysis of Financial Position

Management s Review and Analysis of Financial Position Management s Review and Analysis of Financial Position Japan Airlines System Corporation and Consolidated Subsidiaries Years Ended March 31, 22 and 23 Consolidated operating revenues 2,4 1,8 1,2 6 21 22

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

Summary of Results for the First Three Quarters FY2015/3

Summary of Results for the First Three Quarters FY2015/3 Summary of Results for the First Three Quarters FY2015/3 February 10, 2015 Tokyu Corporation (9005) http://www.tokyu.co.jp/ Contents Ⅰ.Executive Summary 2 Ⅱ.Conditions in Each Business 5 Ⅲ.Details of Financial

More information

LATAM AIRLINES GROUP REPORTS OPERATING INCOME OF US$267 MILLION FOR FOURTH QUARTER 2014 AND US$513 FOR FULL YEAR 2014

LATAM AIRLINES GROUP REPORTS OPERATING INCOME OF US$267 MILLION FOR FOURTH QUARTER 2014 AND US$513 FOR FULL YEAR 2014 LATAM AIRLINES GROUP REPORTS OPERATING INCOME OF US$267 MILLION FOR FOURTH QUARTER 2014 AND US$513 FOR FULL YEAR 2014 Santiago, Chile, March 17, 2015 (NYSE: LFL; IPSA: LAN; BOVESPA: LATM33), the leading

More information

Enhancing air travel options through a strong focus on profitability and innovation innovation

Enhancing air travel options through a strong focus on profitability and innovation innovation 2 nd Quarter 2018 Earnings Report Grupo Viva Aerobus Enhancing air travel options through a strong focus on profitability and innovation innovation 1 VIVA AEROBUS REPORTS GROWTH OF 32.3% IN EBITDAR AND

More information