Finnair Q result. 25 October 2017 CEO Pekka Vauramo

Save this PDF as:
Size: px
Start display at page:

Download "Finnair Q result. 25 October 2017 CEO Pekka Vauramo"

Transcription

1 Finnair Q result 25 October 2017 CEO Pekka Vauramo 1

2 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 sold well Record in daily number of passengers in July, +40,000 Ancillary sales, cargo and travel services grew at double-digit rates Customer satisfaction (NPS) at record level The first-phase of extensive long-haul fleet renewal was completed Equity ratio above the industry average 2 NPS = Net Promoter Score.

3 Comparable operating result has improved for 12 quarters in a row Revenue 735 M +15% (640.9 M *) NPS 52% (44%*) Comparable operating result, 12 months rolling Comparable operating result 119 M +81% (65.7 M *) RASK +3.3% CASK -3.5% Q Q Q Q Q Q Q Q Q Q Q Q Q Comparable operating result, % of revenue -2.1% -1.6% -1.4% -1.1% 0.6% 1.0% 1.6% 2.3% 2.3% 2.4% 2.6% 4.0% 6.0% 3 * Q NPS = Net Promoter Score.

4 Well-timed growth, right network decisions and strong passenger demand Revenue, M Capacity (ASK), M km Passenger Load Factor, % Asia North- Atlantic Europe Domestic Asia North- Atlantic Europe Domestic Asia North Atlantic Europe Domestic Total 4 Asia +22.7% North-Atlantic +3.6% Europe +15.1% Domestic +1.9%* Q Q Asia +15.1% North-Atlantic +0.3% Europe +9.5% Domestic +0.1%* * Domestic flying restricted by runway renewal at Oulu. Asia +3.7% -p North-Atlantic +8.1% -p Europe +1.1% -p Domestic -2.8% -p* Total. +3.0% -p

5 Strong demand environment but with uncertainties Strong demand from Japan and China to Europe Tight competition and consolidation continue AirBerlin and Monarch bankruptcies, Alitalia LCC s exploring partnership options to expand networks SAS plans directed share issue aimed at strengthening balance sheet Passenger load factor decreasing in domestic flying Finnair acquires Norra on an interim basis 5

6 We continue our growth strategy We target to grow faster than our European peers in the traffic between Asia and Europe New destinations: Nanjing, Stuttgart, Lisbon, Bergen & Tromsø 2018 Additional capacity to existing destinations: 145,000+ seats to Berlin Additional frequencies to Asia and America Finnair Holidays Finland & Sweden: a new product combining the best of independent travelling and package holidays COOL cargo terminal ramp-up and implementation Recruitments continue, focusing mainly on flight crew 6

7 Finnair s route expansion to reach all-time high during winter season 2017/18 New long-haul destinations Goa, India 1 November Puerto Vallarta, Mexico 5 November Puerto Plata, Dominic Republic 30 November Havana, Cuba 1 December New non-stop flights to Lapland airports from London Gatwick, Paris and Zurich In total, Finnair is offering 430,000 seats to five of Lapland s airports during the winter season, over 20% increase compared to the previous winter season 7

8 Better customer experience Net Promoter Score (NPS) 52% Fazer selected as the new lounge partner Further development of inflight meals Investments in personal services 8

9 Digitalisation accelerates growth Digital channels create already 23% of total ticket sales (+16%) 180,000 active mobile app users (+88%) 2.3 million visitors/month on internet site (finnair.com) (+23%) Digital tools for personnel: SkyPay, maintenance apps Bókun co-operation to accelerate growth of Finland s travel industry 9

10 15-year Finnair share performance (price) Market Cap 1,423.6 M (23 Oct 2017)

11 Strategy The growth plan and the four previous focus areas were reviewed and confirmed: Growth Customer Experience People Experience Transformation Doubling of Asian traffic in 2018 versus 2010 (two years ahead of original schedule) Doubling of ancillary revenues in 2020 versus 2016 New target for the number of passengers, 20 million in 2030 Financial targets unchanged: EBIT margin 6% over cycle EBITDAR margin minimum of 17% over cycle Adjusted gearing maximum of 175% Return on capital employed (ROCE) minimum of 7% 11

12 Outlook unchanged Finnair estimates that in 2017 its capacity will grow approximately 9 per cent, weighted strongly towards the second half of the year. Full-year revenue is expected to grow approximately in line with capacity. Finnair expects its comparable operating result for 2017 to be in the range of million euro (2016: 55 million euro), if current fuel prices and exchange rates prevail and assuming no material changes in business environment. 12

13 Finance Pekka Vähähyyppä 13

14 Profit improvement driven by traffic growth ancillary sales, cargo and travel services grew at double digit rates too Comparable revenue* Comparable operating result Capacity and traffic % % 119 ASK, milj % PLF 84.2% PLF 87.2% Pax, milj Q Q Q Q Q Q Passenger revenue Ancillary sales Cargo Travel services Comparable operating result nearly doubled year-on-year Capacity (ASK) Traffic (RPK) Passengers 14 * excl. SMT

15 Q3 EBIT increased by +53 M year-on-year yields and loads were above prior year level despite of the capacity growth 94.5 Passenger 81.8 Ancillary & retail 3.6 Cargo 6.2 Travel services RASK +3.3% Q3 PY Q3 CY FLIGHTS +5.7% 29,480 27,878 Q3 PY Q3 CY ASK, mill +11.1% 10,093 9,087 Q3 PY Q3 CY Biggest changes in Q vs. Q Passenger revenue up by 16% - passenger load factor and yields increased at the same time as capacity increased 11.1%. Ancillary sales, cargo revenue and travel services revenue grew at double digit rates. Increase in staff costs is explained by an increase in the number of personnel from the comparison period, acquisition of Finnair Kitchen, extensive training of flight crew and provisions made in the third quarter for incentives and profit-based contributions in the personnel fund Tour operator costs increased as a result of growing volumes and changes in destination mix. Fleet growth and renewal increased aircraft leases and depreciations Q3 EBIT PY Travel agency -3.7 Revenue Staff Fuel Catering Tour operator Rents Other exp. Leases& depreciation Other (NET) Q3 EBIT PAX, 1000 Avg. fare 1 PLF, % 2,987 Q3 PY 11.3 EUR / PAX Q3 PY +9.6% +0.8% 3,274 Q3 CY 11.4 EUR / PAX Q3 CY 173 EUR / PAX Q3 PY 38.8 KG Q3 PY +5.7% +12.9% 183 EUR / PAX Q3 CY 43.8 KG Q3 CY 84.2 Q3 PY 1.17 EUR / KG Q3 PY +3.0pp +0.6% 87.2 Q3 CY Ancillary REV Cargo, mill Cargo yield 1.18 EUR / KG Q3 CY 1) Avg. fare = Passenger revenue per revenue passengers

16 Revenue increased as a result of higher passenger load factors and favourable development of Asian and European traffic Q Passenger revenue vs. Q Q Other revenue vs. Q3 2016, excl. SMT Q3 PY ASK PLF (load) FX Yield, mix, other Q3 CY Q3 PY Asia Europe Atlantic Domestic Unallocated Q3 CY Q3 PY Ancillary Cargo Travel services Q3 CY Total ASK (%) PLF (pp) Yield 1 (%) Δ to PY 11.1% % Q3 CY 87.2% Q3 PY 84.2% Δ to PY FEA ATA EUR DOM ASK (%) 15.1% 0.3% 9.5% 0.1% PLF (pp) Yield 1 (%) 4.4% -4.9% 0.6% 7.4% RASK (%) 8.8% 4.6% 2.0% 3.0% Ancillary Cargo Travel services 16 1 Revenue per RPK

17 Balance sheets: new A350 investments increased assets Composition of adjusted net debt 2, , ,049 2,825 Cash Fleet 1,261 2,825 I-B debt Equity 981 2, , Adjusted interestbearing liabilities x aircraft leases + currency hedges -891 Cash 977 Adjusted net debt Sep Dec Sep Sep Dec Sep Assets HFS 1 Cash Other assets Other fixed assets Fleet I-B debt 2 Tickets Other liabilities Provisions Equity 1) HFS = held for sale, 2) I-B = interest-bearing 0

18 Strong cash flow from operating activities with improved profitability and sales growth liquid funds grew to almost 1bn Operating mEUR +13.0mEUR liquid funds M Investing -80.5mEUR Financing -10.0mEUR Cash Q2 EBITDA Workinng capital Other Investments Disposals Other Loan proceeds Loan payments Dividend paid Cash Q3 31 Dec Sep 2017 Commercial paper, deposits and funds > 3 months Commercial paper, deposits and funds < 3 months Cash and bank deposits Cash in cash flow

19 Revenue and comparable operating result development Revenue Comparable operating result Q1 Q2 Q3 Q4-40 Q1 Q2 Q3 Q

20 Adoption of IFRS 16 Leases standard (replaces IAS 17) Finnair expects to adopt the IFRS 16 -standard from 2019 onwards, and plans to apply the full retrospective method significant impacts on Finnair financial statements and key ratios The present value of the future operating lease payments for aircraft and other lease agreements will be recognized as right-of-use -assets and interest-bearing liabilities in the balance sheet.* Lease cost is divided into depreciation of the right-of-use -asset (operating result) and interest cost for the liability (finance net). Significant impacts on following key ratios: operating result, EBITDA, cash flow from operating activities, cash flow from financing activities, interest-bearing net debt, gearing, and equity ratio. INCOME STATEMENT EBIT PBT CURRENT Lease expense Finance lease depreciation Finance lease Interest expense NEW Depreciation of ALL leases Interest expense of ALL leases BALANCE SHEET ASSETS DEBT CURRENT Finance Lease Asset Finance Lease Liability NEW Right-to-use Lease Asset Lease Liability for ALL leases *Currently, future lease payments are presented in the notes as operating lease commitments at their nominal value. Based on Finnair's preliminary evaluation, service contracts that relate to the usage of airports and terminals (HEL hub) do not qualify as lease arrangements for IFRS 16 purposes. 20 OFF BS OFF-Balance sheet Operating lease commitment 20

21 THANK YOU Contact us: Finnair IR / financial communications

22 Income statement in mill. EUR Change % Change % 2016 Revenue 735,4 640,9 14, , ,9 10, ,8 Other operating income 18,2 16,2 12,1 57,2 56,2 1,8 75,5 Operating expenses Staff costs -112,9-87,4 29,2-310,3-272,2 14,0-362,5 Fuel costs -123,8-128,7-3,8-349,8-376,6-7,1-491,5 Other rents -36,5-42,1-13,2-119,5-121,3-1,5-167,4 Aircraft materials and overhaul -39,7-39,1 1,6-125,0-113,3 10,3-147,3 Traffic charges -72,8-70,6 3,2-199,5-198,0 0,8-262,8 Ground handling and catering expenses -62,8-65,8-4,5-189,6-193,2-1,9-258,9 Expenses for tour operations -26,4-22,1 19,0-72,8-64,6 12,7-87,8 Sales and marketing expenses -20,9-19,0 10,2-60,3-57,2 5,5-76,9 Other expenses -68,7-64,0 7,4-211,2-195,6 8,0-266,6 Comparable EBITDAR 188,9 118,3 59,6 342,2 211,0 62,2 270,4 Lease payments for aircraft -35,2-27,0 30,4-100,5-82,7 21,5-109,5 Depreciation and impairment -34,7-25,6 35,4-94,2-74,8 26,0-105,8 Comparable operating result 118,9 65,7 81,0 147,5 53,5 175,5 55,2 22

23 Fuel costs decreased despite spot price increase M Improved fuel efficiency with fleet renewal and aircraft up gauging Q3 Volume Price Currency Hedging deviation 2017Q3 Q3/16 hedging loss 23.6 M Q3/17 hedging loss 3.4 M 23

24 Fuel the single largest cost item in January September % share of operating costs, 1,833 M (1-9/2017) Fuel hedges as at 30 September 2017 Fuel costs 4 % 3 % Personnel costs 6 % 20 % Leasing, maintenance, 10 % depreciation, impairment Traffic charges Other costs 11 % 18 % Ground handling and catering Other rents 11 % 17 % Tour operators Sales and marketing 24

25 Hedging, currencies and sensitivities 30 Sep 2017 Fuel sensitivities 10% change 10% change with Hedging ratio without hedging (rolling 12 months from date of financial statements) hedging H2/2017 H1/2018 Fuel EUR 47 million EUR 20 million 76% 69% Currency split % Sales currencies / / Currency sensitivities USD and JPY (rolling 12 months from date of financial statements for operational cash flows) 10% change without hedging 10% change without hedging EUR USD* see below See below See below JPY EUR 19 million EUR 8 million 67% CNY KRW SEK Other Purchase currencies EUR USD* EUR 55 million EUR 20 million 66% Other Hedging ratio for operational cash flows (rolling 12 months from date of financial statements) 25 * Hedging ratio for USD basket. The sensitivity analysis assumes that the Chinese yuan and the Hong Kong dollar continue to correlate strongly with the US dollar.

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

Q Finnair s growth continued Pekka Vähähyyppä

Q Finnair s growth continued Pekka Vähähyyppä 2018 Finnair s growth continued 25.10.2018 Pekka Vähähyyppä 1 We continued to develop our services and network New route to Los Angeles in 2019, two daily flights to Hong Kong New digital service for exploring

More 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

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

Finnair 2015 kolmannen vuosineljänneksen tulos

Finnair 2015 kolmannen vuosineljänneksen tulos Finnair 215 kolmannen vuosineljänneksen tulos Q3 Result 215 3 October 215 3.1.215 Toimitusjohtaja Pekka Vauramo Talousjohtaja Pekka Vähähyyppä 1 Highlights of the quarter Excellent Q3 result: Record result

More 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

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

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

Finnair Group Interim Report 1 January 31 March 2008

Finnair Group Interim Report 1 January 31 March 2008 Finnair Group Interim Report 1 January 31 March 2008 1 29/04/2008 Presentation name / Author Outlook for the industry less positive Growth of demand declining due to uncertainty of global economy Growth

More information

Finnair Group Annual Report 1 January 31 December 2006

Finnair Group Annual Report 1 January 31 December 2006 Finnair Group Annual Report 1 January 31 December 2006 2006: A year for restructuring Scheduled Passenger Traffic transforming to meet Asian traffic demands Labour negotiations to cut 670 jobs 80 million

More 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

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

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

Interim results. 11 May 2010

Interim results. 11 May 2010 Interim results 11 May 2010 Introduction Andy Harrison Chief Executive Officer Strong performance despite disruption Improvement in revenue, margins and cash Continued network improvement has driven better

More information

Finnair Group Half-Year Financial Report 1 January 30 June 2018

Finnair Group Half-Year Financial Report 1 January 30 June 2018 Finnair Group Half-Year Financial Report 1 January 30 June 2018 17 July 2018 Finnair Group Half-Year Financial Report 1 January 30 June 2018 Q2 comparable operating result improved by 27.6 per cent to

More information

Norwegian Air Shuttle ASA

Norwegian Air Shuttle ASA Norwegian Air Shuttle ASA Q1 2018 Presentation 26 April 2018 Highlights Q1 2018 Successfully completed private placement of NOK 1.3 billion Added two 737-800s and six 787-9s to operations Launched interline

More information

Air Berlin PLC Frankfurt, 29 August 2012 DVFA Small Cap Conference

Air Berlin PLC Frankfurt, 29 August 2012 DVFA Small Cap Conference Air Berlin PLC Frankfurt, 29 August 2012 DVFA Small Cap Conference 2012 is the transition year business transformation airberlin on its journey to sharpen its profile in the scheduled business Shape &

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

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

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

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

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

Finnair Group Interim Report 1 January 30 September 2017

Finnair Group Interim Report 1 January 30 September 2017 Finnair Group Interim Report 1 January 30 September 2017 25 October 2017 Finnair Group Interim Report 1 January 30 September 2017 The best quarter in Finnair s history; comparable operating result has

More 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

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

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

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

Building Future Finnair Investor presentation London, 7 September 2011

Building Future Finnair Investor presentation London, 7 September 2011 Building Future Finnair Investor presentation London, 7 September 2011 Executive Summary European Network Airline connecting Asia and Europe: Turnover of 2 billion, ongoing growth: over 10% increase in

More 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

1Q13 R sults esentation

1Q13 R sults esentation 1Q13 Results Presentation 14 May 2013 Disclaimer The presentation is dated the day it is given. The delivery of this presentation shall not, under any circumstances, create any implication that there has

More information

SAS AB Q December 2018

SAS AB Q December 2018 SAS AB Q4 2018 4 December 2018 Q4 financial highlights Q4 POSITIVES Q4-18 CHANGE VS. Q4-17 Record number of passengers Total revenue up SEK 1bn vs. LY Yield (nominal) up 5.1% vs. LY RASK (nominal) up 7.0%

More 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

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

Finnair Group Half-Year Report 1 January 30 June 2017

Finnair Group Half-Year Report 1 January 30 June 2017 Finnair Group Half-Year Report 1 January 30 June 2017 20 July 2017 1 Finnair Group Half-Year Report 1 January 30 June 2017 Finnair s earnings growth continues: all-time high profit for Q2 April June 2017

More information

SAS AB Analyst meeting

SAS AB Analyst meeting SAS AB Analyst meeting London, August 9, 2001 2 2nd Quarter a tough Quarter The Marketplace Continued weak world economy Weaker Swedish economy SAS Weaker traffic growth and reduced passenger load factors

More information

SAS Q1 2016/

SAS Q1 2016/ SAS Q1 2016/2017 08.03.2017 Weak Q1 as expected new structural actions underway Q1 in summary Positives + Currency adjusted passenger revenue up 5% + Strong development of ancillary revenues + Passengers

More 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

Finnair Group Interim Report 1 January 31 March 2018

Finnair Group Interim Report 1 January 31 March 2018 Finnair Group Interim Report 1 January 31 March 2018 25 April 2018 Finnair Group Interim Report 1 January 31 March 2018 Strong growth continued Comparable operating result has improved for 14 consecutive

More 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

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

SAS Group Presentation Carnegie, May 22, 2012 Sture Stölen, Head of IR

SAS Group Presentation Carnegie, May 22, 2012 Sture Stölen, Head of IR SAS Group Presentation Carnegie, May 22, 2012 Sture Stölen, Head of IR 1 This is the SAS Group 128 destinations 27,2 million passengers 28 new routes to be launched 2012 1,085 daily flights Revenues 2011,

More 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

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

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

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

SAS Group Q Teleconference

SAS Group Q Teleconference SAS Group Q4 2012 Teleconference December 12, 2012 1 Break-even result in 2012 despite 1.6 bn SEK higher fuel cost 23 MSEK EBT (before non-recurring items) despite 1.6 bn SEK higher fuel cost Positive

More information

SAS Q3 2017/ August 2018

SAS Q3 2017/ August 2018 SAS Q3 2017/2018 31 August 2018 Strong earnings in peak season POSITIVES Record number of passengers Total revenue up MSEK 936 vs. LY Currency adjusted yield up 1.1% vs. LY EB point sale up 27% vs. LY

More 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

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

Results 2Q17. August 9, 2017

Results 2Q17. August 9, 2017 Results 2Q17 August 9, 2017 2Q17 Highlights Indicators 2Q17 Var. x 2Q16 ASK (BN) 10.4-3.0% Traffic (000) 7,261-1.3% RPK (BN) 8.1 +0.5% Load Factor 77.9% +2.7 p.p. Yield (R$ cents) 23.2 +4.8% Pax Revenue

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

SAS Q3 2016/

SAS Q3 2016/ SAS Q3 2016/2017 05.09.2017 A strong summer performance drives result improvements Q3 IN SUMMARY Positives + Currency adjusted passenger revenue up 6.4% + Passengers up by ~300,000 + Ancillary and cargo

More information

Cebu Air, Inc. 4 th Quarter and Full Year 2017 Results of Operations. cebupacificair.com

Cebu Air, Inc. 4 th Quarter and Full Year 2017 Results of Operations. cebupacificair.com Cebu Air, Inc. 4 th Quarter and Full Year 2017 Results of Operations cebupacificair.com Disclaimer The information provided in this presentation is provided only for your reference. Such information has

More information

Air Berlin PLC 15 th June, 2016 Annual General Meeting 2016 London

Air Berlin PLC 15 th June, 2016 Annual General Meeting 2016 London Air Berlin PLC 15 th June, 2016 Annual General Meeting 2016 London Despite headwind, airberlin made good progress in 2015 RASK +3.7% Yield +2.0% Load Factor +0.7%pt Ancillary Revenues* +9.2% ASKs -5.4%

More 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

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

Fourth Quarter and Full Year 2009 Results Presentation January 27, 2010

Fourth Quarter and Full Year 2009 Results Presentation January 27, 2010 Fourth Quarter and Full Year 2009 Results Presentation January 27, 2010 This presentation may include forward-looking comments regarding the Company s business outlook and anticipated financial and operating

More 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

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

IAG results presentation. Quarter Three st October 2014

IAG results presentation. Quarter Three st October 2014 IAG results presentation Quarter Three 2014 31 st October 2014 Q3 financial summary OPERATING PROFIT TOTAL UNIT REVENUE PAX UNIT REVENUE 900m (reported, pre-exceptional items) -1.9% (constant FX) -0.9%

More information

Cebu Air, Inc. 2Q2014 Results of Operation

Cebu Air, Inc. 2Q2014 Results of Operation Cebu Air, Inc. 2Q2014 Results of Operation 1 Disclaimer This information provided in this presentation is provided only for your reference. Such information has not been independently verified and, as

More information

Third Quarter 2014 Results. 29 October 2014

Third Quarter 2014 Results. 29 October 2014 Third Quarter 2014 Results 29 October 2014 Highlights of the Third Quarter Operating environment Air France-KLM Economic environment remains weak Further currency volatility affecting revenues and results

More 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

Cebu Air, Inc. Annual Stockholders Briefing. 24 June cebupacificair.com

Cebu Air, Inc. Annual Stockholders Briefing. 24 June cebupacificair.com Cebu Air, Inc. Annual Stockholders Briefing 24 June 2015 cebupacificair.com Business Updates Passengers (M) Operating Statistics 2014: Passenger traffic grew 17.5% to 16.9M. Seat capacity grew 14.8% to

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

JAPAN AIRLINES Financial Results 2 nd Quarter Mar / 2014 (FY2013)

JAPAN AIRLINES Financial Results 2 nd Quarter Mar / 2014 (FY2013) JAPAN AIRLINES Financial Results 2 nd Quarter Mar / 2014 (FY2013) Yoshiharu Ueki, President Norikazu Saito, Managing Executive Officer 31 October, 2013 Contents P.2 P.3 P.4 P.6 1 Overview of 2 nd Quarter

More information

Third Quarter Results

Third Quarter Results 1 Third Quarter 2010-11 Results Highlights of the Third Quarter Passenger business affected by significant disruptions Dynamic cargo activity Strong improvement in results Decline in ex-fuel unit costs

More 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

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

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

More information

Information meeting. 1 st September 2011

Information meeting. 1 st September 2011 Information meeting 1 st September 2011 Full Year 2010-11 key data April 2010-March 2011 Revenues in billions Operating result in millions 77% Passenger 18.10 +11.3% -44 +874 13% Cargo 3.16 +29.5% +69

More information

JAPAN AIRLINES Co., Ltd. Financial Results 1 st Quarter Mar/2018(FY2017)

JAPAN AIRLINES Co., Ltd. Financial Results 1 st Quarter Mar/2018(FY2017) JAPAN AIRLINES Co., Ltd. Financial Results Mar/2018(FY2017) July 31, 2017 Today s Topics P.1 P.2 P.3 P.4 P.6 P.15 Overview of Financial Results for (FY2017) 1 st quarter resulted in an increase in both

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

VERY GOOD RESULTS IN OUR MOST IMPORTANT QUARTER

VERY GOOD RESULTS IN OUR MOST IMPORTANT QUARTER VERY GOOD RESULTS IN OUR MOST IMPORTANT QUARTER Q3 EBITDA USD 161.8 million, as compared to USD 155.6 million in the corresponding quarter last year 19% increase in passenger numbers on international flights

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

JAPAN AIRLINES Co., Ltd. Financial Results 3 rd Quarter Mar/2018(FY2017) January 31, 2018

JAPAN AIRLINES Co., Ltd. Financial Results 3 rd Quarter Mar/2018(FY2017) January 31, 2018 JAPAN AIRLINES Co., Ltd. Financial Results 3 rd Quarter Mar/2018(FY2017) January 31, 2018 Today s Topics P.1 P.2 P.3 P.12 JAL Corporate Website the CONTRAIL Project Overview of Financial Results for 3

More information

USD thousand Q Q Change % Change 12M 2015

USD thousand Q Q Change % Change 12M 2015 EBITDA POSITIVE IN FIRST-QUARTER EBITDA positive by USD 1.1 million, as compared to a negative outcome of USD 2.3 million last year Positive impact of low fuel prices on performance 21% increase in passenger

More information

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

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

More information

AIR FRANCE-KLM RESULTS PRESENTATION

AIR FRANCE-KLM RESULTS PRESENTATION AIR FRANCE-KLM RESULTS PRESENTATION Results as at 30 th of June 2018 1 st August 2018 SECOND QUARTER 2018: KEY HIGHLIGHTS Leveraging ongoing solid demand +0.8% +1.7% Stable operating result before strike

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

Q3 FY 14 IMS Analyst & Investor presentation. 3 months to 30 June 2014

Q3 FY 14 IMS Analyst & Investor presentation. 3 months to 30 June 2014 Q3 FY 14 IMS Analyst & Investor presentation 3 months to 30 June 2014 24 July 2014 1 1 Continued solid performance 1. Drive demand, conversion and yields across Europe Passenger numbers up by 9.4%; load

More information

Cathay Pacific Airways Interim Results 04 August Cathay Pacific Airways Interim Results 6 August 2008

Cathay Pacific Airways Interim Results 04 August Cathay Pacific Airways Interim Results 6 August 2008 Cathay Pacific Airways 2010 Interim Results 04 August 2010 Cathay Pacific Airways 2008 Interim Results 6 August 2008 Interim Result 1H 2010 1H 2009 Group Profit/(Loss) HK$6,840m HK$812m Group Turnover

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

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

Cathay Pacific Airways 2010 Annual Results 9 March 2011

Cathay Pacific Airways 2010 Annual Results 9 March 2011 Cathay Pacific Airways 2010 Annual Results 9 March 2011 1 Annual Result 2010 2009 Change Group Profit/(Loss) HK$14,048m HK$4,694m +199.3% Group Turnover HK$89,524m HK$66,978m +33.7% Profit Margin 15.7%

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

1 2 23 24 15 16 7 8 9 Ancillary Revenue target per pax RM55 10 Online 365 11 212 13 14 14 Quarter Ended: 31 March RM'000 Revenue 2,068,227 Operating expenses: - Staff costs (286,663) - Depreciation

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

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

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

Korean Air Lines Q Results & 2011 Business Plan. 27 Feb 2011

Korean Air Lines Q Results & 2011 Business Plan. 27 Feb 2011 Korean Air Lines 2010 4Q Results & 2011 Business Plan 27 Feb 2011 Disclaimer This presentation is for informational purposes only, contains preliminary financial and other information about Korean Air

More 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

Korean Air Q Financial Results. Jul 28, 2011

Korean Air Q Financial Results. Jul 28, 2011 Korean Air 2011 2Q Financial Results Jul 28, 2011 Disclaimer This presentation is for informational purposes only, contains preliminary financial and other information about Korean Air Lines Co., Ltd.

More information

SAS Q2 2017/2018 TELECONFERENCE

SAS Q2 2017/2018 TELECONFERENCE SAS Q2 2017/2018 TELECONFERENCE 30 May 2018 Earnings as expected despite negative currency effect POSITIVES + Total revenue up MSEK 73 vs. LY + Currency adjusted yield up 0.6% vs. LY + EB-point sale revenue

More 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

IAG results presentation. Quarter One th May 2018

IAG results presentation. Quarter One th May 2018 IAG results presentation Quarter One 2018 4 th May 2018 Highlights Willie Walsh, Chief Executive Officer Highlights Another strong quarter performance with an operating profit of 280m (5.6% margin, +2.3pts)

More information

Information meeting. 12 September 2011

Information meeting. 12 September 2011 Information meeting 12 September 2011 Full Year 2010-11 key data April 2010-March 2011 Revenues in billions Operating result in millions 77% Passenger 18.10 +11.3% -44 +874 13% Cargo 3.16 +29.5% +69 +505

More information

Air Berlin PLC AGM 06 June 2013 London

Air Berlin PLC AGM 06 June 2013 London Air Berlin PLC AGM 06 June 2013 London airberlin a strong European carrier Market position as of 31 December 2012 No. 2 in core market: Germany / Austria / Switzerland No. 7 in Europe with 33.3 m guests

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

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

Financial Position (consolidated)

Financial Position (consolidated) 2013. 8. 14. Disclaimer This presentation is for informational purposes only, contains preliminary financial and other information about Korean Air Lines Co., Ltd. and is subject to updating, revision,

More information