2012 Result. Mika Vehviläinen CEO

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

Download "2012 Result. Mika Vehviläinen CEO"

Transcription

1 2012 Result Mika Vehviläinen CEO 1

2 Agenda Market environment in Q4 Business performance and strategy execution Outlook Financials 2

3 Market Environment According to IATA, Global air travel continues to increase, but the rate of growth has slowed over the year Air freight demand showed year-on-year improvement in Q4 after being down in previous quarters Growth in international passenger travel was driven by emerging regions Airline capacity management has allowed load factor to remain solid, helping financial performance Given the weakness in global economic growth, the demand environment for air transport remains fragile 3

4 Air traffic remains a growth market 20-year world annual traffic growth 4.7% Source: Airbus Global market forecast September

5 Growth is highest in emerging regions EMERGING REGIONS China India Middle East Asia Africa CIS Latin America Eastern Europe 6 billion people 2012 Yearly RPK growth Western Europe Japan North America 1 billion people 2012 Billions of people want to travel by air Source: Airbus Global market forecast September

6 China is forecasted to continue as the fastest growing market in Source: Airbus Global market forecast September

7 Main drivers for traffic growth in Asia More people, bigger cities, more wealth Emerging markets, more first time flyers and growing middle class Growing tourism and internationalisation will stimulate demand China average propensity to travel x4.6 in 2031 vs Source: Airbus Global market forecast September

8 Change in the industry continues Alliance landscape is changing Qatar to join oneworld alliance, Middle-Eastern airlines active in partnering with network carriers Malaysia Airlines became a full member of the oneworld alliance in January Market exits in short haul traffic Network carriers continue to restructure their loss-making short haul operations 8

9 Solid business performance strengthens Finnair s position in the market 9

10 Full year 2012 back in profit Q4 and FY Operational EBIT in profit Over 100 million result improvement while the fuel bill grew by 115 million Q4 Turnover M, Operational EBIT 6.3 M FY Turnover all time high M, Operational EBIT 44.9 M Stable financial position Net cash flow from operations 17.9 M in Q4, M FY M short-term cash and cash equivalents as per 31 Dec 2012 (approx. 17.6% of FY turnover) Notable improvements in traffic performance trough out the year: Load factor +4.3%-p RASK +7.7% 10

11 Turnover growth continued, EBIT* back in profit Quarterly turnover, million Quarterly Operational EBIT, million 700 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q *Operational result (EBIT), excluding non-recurring items, capital gains and changes in the fair value of derivatives and in the value of foreign currency denominated fleet maintenance reserves 11

12 Operational EBIT build-up in Q Mill. Eur 80,0 60,0 40,0 11,7 10,5 3,6-1,9-6,8-9,3-16,9 16,7 20,0-18,7 0,0 17,3 6,3-20,0-31,6 31,6-40,0 12

13 Operational EBIT build-up in FY 2012 Mill. Eur 300,0 250,0 200,0 150,0 37,0 34,4 28,6 21,4 4,8-3,6-14,4-28,6-38,2 100,0-115,0 50,0 179,4 0,0 44,9-50,0-60,9-100,0 13

14 Unit revenue improvement continues Unit revenue per available seat kilometre (RASK) up by 7.7% in 2012 as both passenger load factor (PLF, +4.3%-p) and yield per revenue passenger kilometre (RPK yield, +0.9%) improved y-o-y RASK +7.7% PLF +4.3%-p RPK yield +0.9% 14

15 Strong traffic performance in Q Asian share 49.8% of the total capacity North America ASK -2,5 % RPK 3,7 % PLF 4,9 %-p Traffic revenue* -3,2 % Leisure traffic ASK -7,8 % RPK 1,9 % PLF 8,3 %-p Traffic revenue* -1,9 % Passenger revenue split 8% 3% 11% 44% 34% Asia Europe Charter Domestic North Atlantic Europe ASK 7,5 % RPK 11,7 % PLF 2,6 %-p Traffic revenue* 11,7 % Domestic ASK -7,9 % RPK 0,8 % PLF 5,3 %-p Traffic revenue* 3,2 % *Passenger revenue Asia ASK 7,0 % RPK 12,3 % PLF 3,6 %-p Traffic revenue* 5,5 % Total traffic ASK 3,8 % RPK 9,6 % PLF 4,0 %-p Traffic revenue* 6,2 % Cargo ATK -45,2 % RTK -36,9 % OLF 10,9 %-p Traffic revenue -37,3 % * passenger revenue 15

16 Strategy implementation yielding results 16

17 Finnair today Focus on core Airline business Scheduled long and short haul traffic Leisure traffic Cargo traffic Partnerships in both core business and in airline support services 17

18 We are committed to adding value and improving our profitability Service development: Customer Service quality Product renewal and new ticket types More rewarding Finnair Plus Program Marimekko partnership Cost efficiency and flexible cost structure Operational efficiency Increasing revenues 18

19 Implementation of cost savings program ahead of schedule, 100 million of realised savings in 2012 Target 140 million Achieved savings to target 8% 8% 3% 25% TOTAL maintenance 73% 30% 8% achieved implemented to target staff 50% 8% 9% other 102% 18% lease 161% 10% 14% 24% sales catering 97% 98% 12% 50% maintenance other staff lease ground handling fuel 41% 138% 28% sales ground handling catering fuel 0% 100% 19

20 New 60 million savings programme will ensure reaching our target of 6% operational EBIT margin The aim is to achieve a permanent reduction in costs of 60 million by the end of 2014 The new programme complements the existing 140 million programme launched in 2011 Savings timeline for in total 200 million sustainable savings from 2010 cost level million 40 million 60 million 20

21 Finnair has strong presence in Asian key economies, weekly frequencies in Q4* China Japan Finnair Lufthansa Air France KLM IAG Finnair Lufthansa Air France KLM Singapore Republic of Korea Finnair Lufthansa Air France KLM Finnair Lufthansa Air France KLM *Finnair was the 3rd largest carrier in its destinations, estimated market share of 5.4% in Market size of 20 million transfer passengers annually, globally one of the fastest growing traffic areas. Traffic between Europe and China forecasted to triple during the next 30 years. 21

22 Adding value to our customers 22

23 Outlook for 2013 The uncertain economic outlook in Europe, together with weakened consumer demand and slower growth in Asia, make it difficult to assess how air traffic will continue to develop. Fuel costs are expected to remain high in 2013, and the demand for air traffic is estimated to grow in moderation. Finnair estimates that its turnover will grow in The airline unit costs excluding fuel (CASK excl. fuel) are expected to decrease compared with 2012, and operational result is expected to show a profit in

24 Financials 24

25 Key figures Q4 & FY 2012 Key Figures Oct-Dec 2012 Oct-Dec 2011 Change % FY 2012 FY 2011 Change % Turnover and result Turnover EUR million Operational result, EBIT EUR million Operational result, % turnover % %-p %-p Operating result, EBIT EBITDAR Result before taxes Net result Balance sheet and cash flow Capital expenditure, CAPEX Net cash flow from operating activities Share EUR million EUR million EUR million EUR million EUR million EUR million >200 % >200 % Share price at end of quarter EUR Earnings per share, from the result of the period* EUR Earnings per share EUR * Before Hybrid Bond interest 25

26 Airline business: RASK & CASK development Q Unit revenue per available seat kilometre (RASK) up by 4.8% Unit cost per available seat kilometre excluding fuel (CASK, excl. fuel) down by 8.6% Change, y-o-y, % -20% -15% -10% -5% 0% 5% 10% 15% 20% RASK, unit revenue 4,8 % CASK, unit cost CASK, excl. Fuel -2,9 % -8,6 % Fuel cost 11,8 % Personnel Depreciation & leasing Traffic charges -11,4 % -11,5 % -7,0 % Maintenance 19,9 % Ground handling Catering Other costs -14,6 % -16,8 % -15,8 % 26

27 Airline business: RASK & CASK development FY 2012 Unit revenue per available seat kilometre (RASK) up by 7.7% Unit cost per available seat kilometre excluding fuel (CASK, excl. fuel) down by 3.6% Change, y-o-y, % -20% -15% -10% -5% 0% 5% 10% 15% 20% RASK, unit revenue CASK, unit cost 7,7 % 2,3 % CASK, excl. Fuel -3,6 % Fuel cost 18,1 % Personnel Depreciation & leasing -1,2 % -7,9 % Traffic charges Maintenance 4,1 % 3,8 % Ground handling Catering Other costs -11,0 % -9,2 % -4,5 % 27

28 Operational costs flat, fuel costs continued to climb in Q Operational costs Mill. Eur , ,427.0 Fuel cost % y-o-y* The share of fuel costs 27% ,4 +0.4% 615, ,2 603,5 Mill. Eur ,2 586, % ,8 621, Q1 Q2 Q3 Q ,2 146,4 179,6 144,3 131,7 157,9 132,8 167, Q1 Q2 Q3 Q4 * Hedging taken into account 28

29 Fuel and personnel biggest cost items in Operational costs Q4 2012, total of Mill. Eur 2,8 % 2,4 % 3,7 % Change, y-o-y, % 5,5 % 26,8 % Total 0,4 % 6,2 % Fuel 12,8 % Staff -14,8 % 7,7 % Other costs -2,6 % Ground handling and catering 17,7 % 8,4 % Traffic charges -6,6 % 16,3 % Maintenance 55,6 % 9,9 % 10,2 % Other rental payments Depreciation -16,1 % 21,3 % Fuel Staff Tour operations -33,8 % Other costs Traffic charges Other rental payments Ground handling and catering Maintenance Depreciation Sales and marketing Aircraft leasing -15,9 % -24,1 % Tour operations Aircraft leasing Sales and marketing -40% -20% 0% 20% 40% 29

30 Our financial targets Operational profit (EBIT) margin 6% EBITDAR margin 17% Economic profit To create positive value over pretax WACC of 8% Adjusted gearing <140% Dividend policy pay-out ratio minimum one third of the EPS 30

31 Strong financial position supports business development and future investments % 120 Strong balance sheet M 750 Good cash position over years despite significant investments Equity ratio Gearing Adjusted gearing Net cash flow from operations Investment, gross Short term cash and cash equivalents 31

32 Fuel, spot-price development 32

33 Hedging profit of 10 million in Q4 Mill * 165** 50 0 Q4/2011 Volume Price Currency Hedging Deviation Q4/2012 *Incl. Hedging profit of 20 Mill. EUR **Incl. Hedging profit of 10 Mill. EUR 33

34 Hedging profit of 51 million in 2012 Fuel cost build up LTM Mill. EUR * 2011 Volume Price Currency Hedging Deviation 670** 2012 *Incl. Hedging profit of 76 Mill. Eur **Incl. Hedging profit of 51 Mill. Eur

35 Rolling hedging policy Hedging positions, 31 December 2012 Hedge ratio H1 2013: 75% Finnair hedges jet fuel positions 24 months ahead within the limits defined in the hedging policy Finnair is 75 % hedged for the first 6 months and 67% for the first 12 months The company protects itself against the risks of currency, interest rate and jet fuel positions by using different derivative instruments, such as forward contracts, swaps and options 35

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

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 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

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 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 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

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

FY key data Passenger. Cargo. Maintenance. Other. Operating result in m. Revenues in bn -10.4% 78% 11%

FY key data Passenger. Cargo. Maintenance. Other. Operating result in m. Revenues in bn -10.4% 78% 11% Information meeting FY 2009-10 key data Revenues in bn Operating result in m 78% Passenger 16.3-13.6% -918 11% Cargo 2.4-27.8% -436 5% Maintenance 1.0-4.0% +81 6% Other 1.3-12 -10.4% 2 Our industry is

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

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

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

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

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

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

First Quarter Results August 31 st, 2006

First Quarter Results August 31 st, 2006 First Quarter Results 2006-07 August 31 st, 2006 Key features of the First Quarter Market context Sustained global economic growth, and a recovery in Europe Average jet fuel price of 691 $/t, up 25% year-on-year

More 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. 25 October 2017 CEO Pekka Vauramo

Finnair Q result. 25 October 2017 CEO Pekka Vauramo Finnair Q3 2017 result 25 October 2017 CEO Pekka Vauramo 1 All-time best quarter Revenue up by 15% to record level of 735 M Aircraft flew full, passenger load factor was 87% Asian routes and San Francisco

More information

First Half 2013 Results. 16 mai 2013

First Half 2013 Results. 16 mai 2013 First Half 2013 Results 16 mai 2013 26 July 2013 Results Increasing effects of Transform 2015 Highlights of the First Half A difficult global economic environment Transform 2015 plan roll-out on track

More 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

Information meeting. September 2011

Information meeting. September 2011 Information meeting 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

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

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

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 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

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

Overview. > Normalised earnings* before taxation of, up 30% > Statutory earnings before taxation of, up 40% > Statutory net profit after taxation of

Overview. > Normalised earnings* before taxation of, up 30% > Statutory earnings before taxation of, up 40% > Statutory net profit after taxation of 1 Overview > Normalised earnings* before taxation of, up 30% > Statutory earnings before taxation of, up 40% > Statutory net profit after taxation of > Operating revenue of > Strong operating cash flow

More 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

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

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

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

QANTAS HALF YEAR 2015 FINANCIAL RESULTS 1

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

More information

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

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

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

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

Virgin Australia Holdings Limited (ASX: VAH) H1 FY18 Results 1

Virgin Australia Holdings Limited (ASX: VAH) H1 FY18 Results 1 Virgin Australia Holdings Limited (ASX: VAH) H1 FY18 Results 1 Summary of H1 FY18 Group Outcomes 2 Group Underlying Profit Before Tax of $102.5 million up 142.3% Group Statutory Profit After Tax of $4.4

More information

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

UBS 14 th Global Emerging Markets Conference. New York, November 2016 UBS 14 th Global Emerging Markets Conference New York, November 2016 This presentation may include forward-looking comments regarding the Company s business outlook and anticipated financial and operating

More information

Annual Results Air New Zealand

Annual Results Air New Zealand Annual Results 2011 Air New Zealand Highlights Normalised earnings* $75m Net cash position of $860m Operating cash flow down 5% Gearingat467% at 46.7% Final dividend 2.5 cents per share (unimputed) New

More information

Media Release. Qantas Group Full Year 2017 Financial Result 1. Sydney, 25 August 2017

Media Release. Qantas Group Full Year 2017 Financial Result 1. Sydney, 25 August 2017 Media Release Qantas Group Full Year 2017 Financial Result 1 Sydney, 25 August 2017 Underlying Profit Before Tax: $1,401 million (second highest in Qantas history) Statutory Profit Before Tax: $1,181 million

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

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

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

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

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 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

J.P. Morgan 2019 Global Emerging Markets Corporate Conference. Miami, February 2019

J.P. Morgan 2019 Global Emerging Markets Corporate Conference. Miami, February 2019 J.P. Morgan 2019 Global Emerging Markets Corporate Conference Miami, February 2019 This presentation may include forward-looking comments regarding the Company s business outlook and anticipated financial

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

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

Information meeting. Full Year results. June 2011

Information meeting. Full Year results. June 2011 Information meeting Full Year 2010-11 results 1 June 2011 Agenda 2010-11: Recovery in activity and return to profitability 2011: Ongoing actions and reinforced strategic advantages 2 2010-11: Strong improvement

More information

SAS Group Asia Tour Financial Hearing Presentation May 14, 2012

SAS Group Asia Tour Financial Hearing Presentation May 14, 2012 SAS Group Asia Tour Financial Hearing Presentation May 14, 2012 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, MSEK

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

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

Fourth Quarter & FY 2008 Results Presentation January 28, 2008

Fourth Quarter & FY 2008 Results Presentation January 28, 2008 Fourth Quarter & FY 2008 Results Presentation January 28, 2008 This presentation may include forward-looking comments regarding the Company s business outlook and anticipated financial and operating results.

More 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

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

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

More information

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

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

More information

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

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

SAS Q1 2017/2018. Q1 in Summary: Improved earnings CHANGE VS. Q1 FY17

SAS Q1 2017/2018. Q1 in Summary: Improved earnings CHANGE VS. Q1 FY17 SAS 2017/2018 27.02.2018 in Summary: Improved earnings POSITIVES + Passenger revenue up 1% (FX adj.) + Cargo and EB-point sale revenue increased MSEK 109 + Efficiency program delivered MSEK 165 + Positive

More information

Enskilda Nordic Seminar 2006 Copenhagen 12 January President and CEO Jukka Hienonen

Enskilda Nordic Seminar 2006 Copenhagen 12 January President and CEO Jukka Hienonen Enskilda Nordic Seminar 2006 Copenhagen 12 January 2006 President and CEO Jukka Hienonen On blue and white wings since 1923 Over 8 million passengers/year Turnover 1.7 billion euro 9 000 employees 70 aircraft

More information

Q1 2018/

Q1 2018/ Q1 2018/2019 27.02.2019 Highlights Q1/19 CHANGE VS. Q1-18 Financial drivers Total revenue up 6% with broadly unchanged capacity Slight increase in passengers and load factor HIGHLIGHTS Q1/19 Improved unit

More information

Vueling completes its restructuring plan and turns a 13.4m operating profit in Q2

Vueling completes its restructuring plan and turns a 13.4m operating profit in Q2 Vueling completes its restructuring plan and turns a 13.4m operating profit in Highlights Vueling turned a 13.4m operating profit (excluding restructuring costs) during the second quarter in the year,

More information

Vueling Airlines 2009 Fourth-Quarter, Full-Year Financial Results. The 100-milion turnaround story

Vueling Airlines 2009 Fourth-Quarter, Full-Year Financial Results. The 100-milion turnaround story Vueling Airlines 2009 Fourth-Quarter, Full-Year Financial Results The 100-milion turnaround story Barcelona, February 23 rd, 2009 Introduction Revenues Operations and costs Outlook for 2010 Vueling has

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

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

Forward looking statements

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

More information

SWISS posts stable first-half result

SWISS posts stable first-half result Media release Zurich Airport, 31 July 2014 2014 first-half financial results SWISS posts stable first-half result SWISS reports an operating profit of CHF 118 million for the first six months of 2014,

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

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

2007/08 Full Year Results Investor Briefing

2007/08 Full Year Results Investor Briefing 2007/08 Full Year Results Investor Briefing Highlights of Result Profit before tax up 46% to $1,408 million Up 36% on the reported result Margin improvement $3 billion of Sustainable Future Benefits achieved

More information

INVESTOR PRESENTATION. Imperial Capital Global Opportunities Conference September 2015

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

More information

AIR NEW ZEALAND ANNUAL RESULTS ANNUAL RESULTS

AIR NEW ZEALAND ANNUAL RESULTS ANNUAL RESULTS AIR NEW ZEALAND ANNUAL RESULTS 2008 1 HIGHLIGHTS Record operating revenue, up 9% Normalised earnings* $197m Net cash position of $1.3bn Launched direct service to Vancouver and Beijing Award winning product

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

BTG Pactual VI Latin American CEO Conference 2015 New York, October 2015

BTG Pactual VI Latin American CEO Conference 2015 New York, October 2015 BTG Pactual VI Latin American CEO Conference 2015 New York, October 2015 This presentation may include forward-looking comments regarding the Company s business outlook and anticipated financial and operating

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

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

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

More information

Air Berlin PLC AGM 18 June 2014 London

Air Berlin PLC AGM 18 June 2014 London Air Berlin PLC AGM 18 June 2014 London Executive summary (1) Key Highlights 2013 2013: a challenging year for airberlin Operational loss of 231.9 million euros Group revenue down in line with capacity

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

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

ANA HOLDINGS Financial Results for FY2014

ANA HOLDINGS Financial Results for FY2014 ANA HOLDINGS NEWS ANA HOLDINGS Financial Results for FY2014 TOKYO, April 30, 2015 ANA HOLDINGS (hereafter ANA HD ) today reports its consolidated financial results for fiscal year 2014 (April-March). Highlights

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

Cathay Pacific Airways 2012 Analyst Briefing 28 June 2012

Cathay Pacific Airways 2012 Analyst Briefing 28 June 2012 Cathay Pacific Airways 2012 Analyst Briefing 28 June 2012 1 Airline Strategy Grow our international network, expand frequencies and further develop Hong Kong as one of the world s leading aviation hubs

More information

Full Year 2009 Results

Full Year 2009 Results Full Year 2009 Results 1 Antonio Vázquez Chairman & Chief Executive Officer 2 Highlights 2009 Strong decrease in revenues: weak demand and yield deterioration. High competition and drop of business traffic.

More 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

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

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

More information

2003/04 Full Year Results Presentation to Investors

2003/04 Full Year Results Presentation to Investors 2003/04 Full Year Results Presentation to Investors 19 August 2004 Geoff Dixon Chief Executive Officer Highlights 12 months to June 2004 12 months to June 2003 Increase/ (decrease) % Sales and operating

More information

FY 2013 and Q results. Increasing effects of Transform 2015

FY 2013 and Q results. Increasing effects of Transform 2015 FY 2013 and Q1 2014 results Increasing effects of Transform 2015 Key data FY 13 Change (1) Q1-14 Change (2) Revenue ( bn) 25.52 +2,3% (3) 5.55 +0.0% (4) EBITDA (5) ( m) 1,855 +461m -50 +66m Operating result

More information

Finnair Group Financial Statements Bulletin 2012

Finnair Group Financial Statements Bulletin 2012 Finnair Group Financial Statements Bulletin 2012 In 2012, turnover grew by 8.5 per cent; operational profit was 44.9 million euros. Key figures Turnover and result 10-12 2012 10-12 2011 Change % Change

More information

Air China Limited 2014 Annual Results Under IFRS

Air China Limited 2014 Annual Results Under IFRS Air China Limited 2014 Annual Results Under IFRS March 2015 Agenda Part 1 Results Highlights Part 2 Business Overview Part 3 Financial Overview Part 4 Outlook Part 1 Results Highlights Gradual Global Economic

More information

Cathay Pacific Airways Analyst Briefing. 21 November 2014

Cathay Pacific Airways Analyst Briefing. 21 November 2014 Cathay Pacific Airways Analyst Briefing 21 November 2014 Operating Performance Passenger demand remains strong, although growth in North America is significantly short of increase in capacity. Demand for

More information

QANTAS DELIVERS STRONG FIRST HALF RESULT DESPITE HIGHER FUEL BILL

QANTAS DELIVERS STRONG FIRST HALF RESULT DESPITE HIGHER FUEL BILL ASX and Media Release Sydney, 21 February 2019 QANTAS DELIVERS STRONG FIRST HALF RESULT DESPITE HIGHER FUEL BILL Underlying Profit Before Tax: $780 million (down $179 million) Statutory Profit Before Tax:

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

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

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

FULL YEAR 2017 RESULTS STRONG OPERATING RESULT AND SIGNIFICANT STRENGTHENING OF THE FINANCIAL STRUCTURE

FULL YEAR 2017 RESULTS STRONG OPERATING RESULT AND SIGNIFICANT STRENGTHENING OF THE FINANCIAL STRUCTURE 16 February 2018 FULL YEAR 2017 RESULTS STRONG OPERATING RESULT AND SIGNIFICANT STRENGTHENING OF THE FINANCIAL STRUCTURE FULL YEAR 2017 Robust traffic statistics with 99 million passengers carried, up

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

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

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