Part 1 Performance Highlights. Part 2 Business Overview

Save this PDF as:
 WORD  PNG  TXT  JPG

Size: px
Start display at page:

Download "Part 1 Performance Highlights. Part 2 Business Overview"

Transcription

1 August

2 Part 1 Performance Highlights Part 2 Business Overview Part 3 Financial Review Part 4 Outlook 2 Under IFRS

3 3 Part 1 Performance Highlights

4 Performance Highlights - Key Operational Metrics ATK (million) RTK (million) ATK Load Factor (%) 17, % 12, % pts ASK (million) RPK (million) Passenger Load Factor (%) 118, % 96, % pts 4

5 Performance Highlights - Key Financial Metrics In RMB and YoY changes Turnover (million) Operating Expenses (million) Jet Fuel Cost (million) 58, % 52, % 13, % Net Income of Foreign Exchange (million) Profit Before Tax (million ) Net Profit (million) 1, % 5, % 3, % 5

6 6 Part 2 Business Overview

7 Air China Total 2017Interim YoY change Domestic 2017Interim YoY change Revenue (RMB million) 36, % ASK (million) 84, % RPK (million) 68, % Load Factor (%) pts Yield (RMB/RPK) % Revenue (RMB million) 22, % ASK (million) 42, % RPK (million) 35, % Load Factor (%) pts Yield (RMB/RPK) % International 2017Interim YoY change Regional (HK, Macau and Taiwan) 2017Interim YoY change Revenue (RMB million) 12, % ASK (million) 39, % RPK (million) 30, % Load Factor (%) pts Yield (RMB/RPK) % Revenue (RMB million) 1, % ASK (million) 2, % RPK (million) 1, % Load Factor (%) pts Yield (RMB/RPK) % 7

8 8 Refined Market Strategies with a Balanced Global Network As of June 30, 2017 Air China operates 408 passenger routes across 6 continents covering 39 countries & 184 cities around the world. 287 domestic routes covering 115 domestic destinations 106 international routes covering 66 international destinations 15 regional routes covering 3 regional destinations Through Star Alliance, Air China has an extensive network covering 1,307 destinations in 191 countries.

9 Further Development of Air Transport Hubs Beijing Hub launched new routes to Zurich, Astana Championed the Shanghai international gateway, Chengdu and Shenzhen regional hub network. The route network will continue to expand, with new international and domestic routes such as, Shanghai to Barcelona, Chengdu to Shihezi to Yining. Update as of v2 9

10 Leading the industry in yield management Effective execution of price priority strategy with a commanding competitive advantage in domestic yield Increased wide-body aircraft deployment to major domestic markets drives overall domestic yield increase Optimized premium classes pricing of domestic flights, developed the breadth and depth of customers resource and further enhanced overall yield Commenced collaboration with Lufthansa on joint route operations Expanded international to international transit products to achieve a steady increase in passenger traffic. 10

11 A Passenger Base that is Most Valuable PhoenixMiles Members As of end of June 2017, members reached million. The number of active members exceeded 20% increase compare to same period last year. Income from Frequent Flyers Grew 23% YoY Income % from Frequent Flyers Grew 5 pts YoY RMB 100 Million H2016 1H % 56% 44% 40 61% 0 1H2016 1H2017 Income % 常旅客收入占比 from frequent flyers 其他 Others 11

12 A Passenger Base that is Most Valuable RMB 100 Million Revenue from Premium Classes Continued to Increase % 8% 7 0 1% 国内 Domestic International 国际 Regional 地区 1H2016 1H2017 Passenger Load Factor of Premium Classes Continued to Increase 80 % 60 9pts 8pts 4pts 国内 Domestic International 国际 Regional 地区 1H2016 1H

13 Business Model Transformation & Upgrade : Ancillary Income Ancillary Income Continued to Grow Year-on-Year RMB Ten Thousand % H2016 1H2016 1H2017 1H2017 RMB Ten Thousand 73% % Paid 付费升舱 Upgrades 1H2016 1H2017 Seat 付费选座 Selection Fees 13

14 Air China Cargo 1H2017 YoY Change AFTK (million) 5, % Freighter AFTK (million) 1, % RFTK (million) 3, % Freighter RFTK (million) 1, % Tonnage Carried (tonne) 692, % Freighter Tonnage Carried (tonne) 215, % Load Factor (%) pts Freighter Load Factor (%) pts Yield (RMB/RFTK) % 14

15 Shenzhen Airlines 1H2017 YoY Change ASK (million) 29, % RPK (million) 23, % ATK (million) 3, % As of June 30, 2017, the total fleet size of Shenzhen Airline (including Kunming Airline) was 187 aircraft, with an average age of 6.2 years. In 1H 2017, revenue reached RMB 13.3 billion, representing an increase of 7.20% compared to the same period last year RTK (million) 2, % Passenger Load Factor(%) pts Net profits attributable to equity shareholders achieved RMB 851 million, representing an increase of 10.04% compared to the same period last year ATK Load Factor(%) pts Passenger Yield (RMB/RPK) % 15

16 16 Part 3 Financial Review

17 17 Industry Leading Profitability Maintained Despite Intensified Competition RMB million 1H2017 1H2016 YoY Change Turnover 58,746 53, % Air Traffic Revenue 55,539 51, % Operating Expenses 52,939 45, % Operating Expenses ex-fuel cost 39,310 36, % Profit from Operations 5,808 7, % Finance Income 1, ,999.83% Finance Cost 1,592 3, % Net Income of Foreign Exchange 1,270-1, % Share of Profit of Associates % Profit for the Period 3,921 3, % Profit Attributable to Shareholders 3,341 3, % EPS (RMB Yuan/share) %

18 18 Interest Bearing Debt (1) (RMB million) 30 June 2017 Percentage(%) 31 December 2016 Percentage(%) USD 42, , RMB 51, , EURO JPY 1, , MOP Total 95, , Sensitivity Analysis RMB/USD 1% Fluctuation of exchange rate Impact on Net Profit: 291 million (RMB)

19 Interest Bearing Debt (2) 31 December June % 29.34% 69.80% 70.66% Short term Interest 短期带息负债 Bearing Debt Long term Interest 长期带息负债 Bearing Debt 31 December June 2017 Sensitivity Analysis 45.93% 54.07% 40.60% 59.40% Change of Interest rate- 50bp Impact on Interest Expense: 1.09 million (RMB) Fixed rate debt Floating rate debt 19

20 Enhanced Operational Efficiency, Disciplined Cost Management 1H2017 Depreciation 12.4% Take-off, landing and depot charges 13.6% Jet Fuel 25.7% Maintenance 5.9% Staff 19.9% Others 15.2% Air Catering 3.1% Sales and marketing expenses 4.1% General and administrative expenses 1.2% (RMB million) 1H2017 1H2016 YoY Change Jet Fuel 13,629 9, % Take-off, landing and depot charges 6,657 6, % Depreciation 6,538 6, % Maintenance 3,112 2, % Staff 10,526 9, % 1H2016 Depreciation 14.5% Take-off, landing and depot charges 13.4% Maintenance 5.5% Jet Fuel 21.2% Staff 20.5% Air Catering 3.4% Sales and marketing expenses 4.5% Others 16.0% General and administrative expenses 1.1% Air Catering 1,639 1, % Sales and marketing expenses General and administrative expenses 2,166 2, % % Others 8,023 7, % Total 52,939 45, % 20

21 Jet Fuel Unit Cost Increased Year-on-Year Jet Fuel Cost and Jet Fuel Surcharge RMB billion H2016 1H2017 Fuel Cost 燃油成本 Jet 燃油附加费 Fuel Surcharge Changes in Jet Fuel Purchase Price Jet Fuel Consumption Amount Ten Thousand Tonnes H2016 1H2017 Sensitivity Analysis RMB / Tonne 6,000 1H2017 4,500 3,000 1,500 1H2016 Oil Price Changes: 1USD/Barrel Impact on Jet Fuel Cost: 346 million (RMB) 0 1 Jan 月 Feb 2 月 3 Mar 月 Apr 4 月 May 5 月 May Jun 6 月 21

22 Strengthened Cost Controls Fuel Cost and Non-fuel Operating Cost Unit Cost RMB million 100,000 98,708 97,612 91,064 94,062 94,505 21,982 80,000 34,542 24,043 35,640 33,722 60,000 40,000 55,424 60,340 64,165 70,463 75,630 20,000 52,939 45,987 13,629 9,727 36,260 39,310 RMB Yuan % 100% H2016 1H2017 Fuel 燃油成本 Cost Operating 去除燃油成本的营业成本 Cost exclude Fuel Cost Cost as Percentage of Revenue 91.55% 95.81% 93.15% 85.87% 84.77% 85.19% 90.11% H2016 1H2017 可用客公里单位成本 Cost per ASK 可用吨公里单位成本 Cost per ATK Ex-fuel Unit Cost RMB Yuan % 60% 55.72% 61.46% 60.55% 64.02% 65.68% 67.17% 66.91% % H2016 1H2017 Operating Cost as % of 经营费用所占收入的比重 Revenue Ex-fuel Operating Cost as % of Revenue H2016 1H2017 可用客公里单位成本 Cost per ASK 可用吨公里单位成本 Cost per ATK 22

23 23 Healthy Financial Position Times Net Debt-to-Equity Ratio H2017 Times EBITDA Interest Coverage Ratio ,000 60,000 30,000 % RMB million Gearing Ratio Net Assets (Excluding Minority shareholder Interests) 49,944 53,757 54,274 59,748 68, H , H2016 1H H2017

24 24 Part 4 Outlook

25 2017 Outlook Passenger travel demands to grow steadily Industry competition will progressively intensify Emerging signs of growth pick-up in air cargo market Jet Fuel price continues to be volatile Stay focus on hub network strategy Upgrade business model transformation Deepen the advancement of State-owned Enterprise reform Continue to Heighten cost control 25

26 Appendix Other Financial and Operational Data 1H

27 1. Fleet - The Group Sub-total Selfowned 30 June 2017 Delivery Finance Lease Operating Lease Average Age A A320/A A A B B B B B747F B757F B777F Business Jet TOTAL *Wet lease aircraft excluded in calculation of average ages 27

28 2. Fleet - Air China Sub-total Selfowned 30 June 2017 Delivery Finance Lease Operating Lease Average Age A A320/A A A B B B B Total *Wet lease aircraft excluded in calculation of average ages 28

29 3. Profit Index 1H2017 1H2016 YoY Change EBITDA (RMB million) 12,346 14, % EBITDA Profit Margin 21.02% 27.17% -6.16pts EBITDAR (RMB million) 16,502 18, % EBITDAR Profit Margin 28.09% 33.66% -5.57pts Net Profit Margin 5.69% 6.42% -0.74pts Return on Net Assets 4.46% 5.65% -1.19pts 29

30 4. Consolidated Balance Sheet (Condensed) (RMB million) 30 June December 2016 YoY Change Non-current Assets 155, , % Current Assets 24,822 19, % - Cash and Cash Equivalents 11,135 6, % Total Assets 229, , % Current Liabilities 64,012 64, % Non-current Liabilities 75,968 83, % Total Liabilities 139, , % Total Equity Attributable to Shareholders of the Company 81,053 68, % 30

31 5. Consolidated Cash Flow Statement (Condensed) (RMB million) 1H2017 1H2016 Net cash generated from operating activities YoY Change 9,087 11, % Net cash used in investing activities 5,185 14, % Net cash used in financing activities 446 4, % Net increase in cash and cash equivalents 4, % Cash and cash equivalents at beginning of the period Effect of exchange rate changes on cash and cash equivalents Cash and cash equivalents at the end of the period 6,848 7, % % 11,135 7, % 31

32 6. Subsidiaries Air Macau 1H2017 YoY Change ASK (million) 3, % RPK (million) 2, % ATK (million) % RTK (million) % Passenger Load Factor(%) pt ATK Load Factor(%) pts Passenger Yield (RMB/RPK) % 32

33 Investor Relations-Beijing Bian Hong Tel: Fax: Fan Heyun Tel: Fax: Air China Website: Air China Mobile APP: Cao Yu Tel: Fax:

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

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

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

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 2015 First Quarter Results

Air China Limited 2015 First Quarter Results Air China Limited 2015 First Quarter Results April 2015 Under PRC GAAP, unaudited Agenda Part 1 Part 2 Part 3 Results Highlights Business Performance Financial Review Part 1 Results Highlights Results

More information

2015 Annual Results. Under IFRS

2015 Annual Results. Under IFRS 2015 Annual Results Under IFRS Disclaimer Financial data included in this presentation is prepared under IFRS. Unless otherwise specified, the unit for cost and income is RMB million. Regions or Regional

More information

Air China Limited Announces 2010 Interim Results

Air China Limited Announces 2010 Interim Results Air China Limited Announces 2010 Interim Results Record High First Half Results Leveraging New Opportunities to Drive Growth Hong Kong August 25, 2010 Air China Limited ( Air China or the Company, together

More information

Air China Limited Announces 2009 Annual Results

Air China Limited Announces 2009 Annual Results Air China Limited Announces 2009 Annual Results Record Operating Profit in Complex Market Environment Strengthened Position to Capture Growth Opportunities Hong Kong April 22, 2010 Air China Limited (

More information

Air China Limited Announces 2010 Annual Results

Air China Limited Announces 2010 Annual Results Air China Limited Announces 2010 Annual Results Profit reaches record high on strong economic growth Hong Kong March 29, 2011 Air China Limited ( Air China or the Company, together with its subsidiaries,

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

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

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

Air China Limited Announces 2018 Interim Results Persists in Leading Profit Level

Air China Limited Announces 2018 Interim Results Persists in Leading Profit Level Air China Limited Announces 2018 Interim Results Persists in Leading Profit Level Hong Kong August 30, 2018 Air China Limited ( Air China or the Company, together with its subsidiaries, collectively the

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

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

Air Ch ina Limite d 中國國際航空股份有限公司 中 期 報 告 INTERIM REPORT Interim Report 2017 二零一七年中期報告

Air Ch ina Limite d 中國國際航空股份有限公司 中 期 報 告 INTERIM REPORT Interim Report 2017 二零一七年中期報告 2017 INTERIM REPORT Air China is the only national flag carrier of China and a member of Star Alliance, the world s largest airline alliance. It is also the only Chinese civil aviation enterprise listed

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

Cathay Pacific Airways 2013 Analyst Briefing 25 June Cathay Pacific Airways Analyst Briefing 27 November 2013

Cathay Pacific Airways 2013 Analyst Briefing 25 June Cathay Pacific Airways Analyst Briefing 27 November 2013 Cathay Pacific Airways 2013 Analyst Briefing 25 June 2013 Cathay Pacific Airways Analyst Briefing 27 November 2013 2013 Operating Performance to date: Passenger yield and load factor growth on lower ASKs.

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

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

Cathay Pacific Airways Interim Results for the six months ended 30 June 2012

Cathay Pacific Airways Interim Results for the six months ended 30 June 2012 Cathay Pacific Airways Interim Results for the six months ended 30 June 2012 8 August 2012 1 Interim Result 1H2012 1H2011 Change Group attributable (loss) / profit HK$ million (935) 2,808-133.3% Group

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

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

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

Analysts Briefing. 18 March Cathay Pacific Airways Limited

Analysts Briefing. 18 March Cathay Pacific Airways Limited Analysts Briefing 18 March 2015 Cathay Pacific Airways Limited Annual Results 2014 2013 Change Group attributable profit HK$m 3,150 2,620 +20.2% Group turnover HK$m 105,991 100,484 +5.5% Profit margin

More information

Cathay Pacific Airways

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

More information

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

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

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

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

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

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

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 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

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

The Accounting Case Competition for Secondary Schools and Tertiary Institutes. Tertiary Institutes Group

The Accounting Case Competition for Secondary Schools and Tertiary Institutes. Tertiary Institutes Group The Accounting Case Competition for Secondary Schools and Tertiary Institutes 2004 Time allowed 2 hours Answer ALL the questions Marks Section A 50 Section B 20 Section C 15 Section D 15 100 DO NOT OPEN

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

ANA HOLDINGS Financial Results for the Six Months Ended September 30, 2018

ANA HOLDINGS Financial Results for the Six Months Ended September 30, 2018 ANA HOLDINGS NEWS ANA HOLDINGS Financial Results for the Six Months Ended September 30, 2018 TOKYO, Nov. 2, 2018 ANA HOLDINGS INC. (hereinafter ANA HD ) today reports its financial results for the six

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

Cathay Pacific Airways 2011 Analyst Briefing 23 June 2011

Cathay Pacific Airways 2011 Analyst Briefing 23 June 2011 Cathay Pacific Airways 2011 Analyst Briefing 23 June 2011 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

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

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

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

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

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

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

Credit Suisse. 19 th Annual AIC 8 th April Cathay Pacific Airways Limited

Credit Suisse. 19 th Annual AIC 8 th April Cathay Pacific Airways Limited Credit Suisse 19 th Annual AIC 8 th April 2016 Cathay Pacific Airways Limited Annual Results - 2015 Group Financial Statistics 2015 2014 % Var Group Revenue HK$m 102,342 105,991-3.4% Group attributable

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 QUARTER OPERATING PROFIT IMPROVES TO $274 MILLION

FIRST QUARTER OPERATING PROFIT IMPROVES TO $274 MILLION 1 August 2006 Page 1 of 4 No. 03/06 1 August 2006 FIRST QUARTER OPERATING PROFIT IMPROVES TO $274 MILLION HIGHLIGHTS OF THE GROUP S PERFORMANCE 1st Quarter 2006-07 Year-on-Year % Change Operating 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

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

Analysts Briefing. 24 June Cathay Pacific Airways Limited

Analysts Briefing. 24 June Cathay Pacific Airways Limited Analysts Briefing 24 June 2016 Cathay Pacific Airways Limited Operating performance - overview Challenging business environment. Load factor lower than expectations on weakening passenger demand. Strong

More information

Analysts Briefing. 27 November Cathay Pacific Airways Limited

Analysts Briefing. 27 November Cathay Pacific Airways Limited Analysts Briefing 27 November 2015 Cathay Pacific Airways Limited Operating performance - overview Passenger load factors are high, driven by strong back-end demand. Passenger front-end yield and load

More information

PROFIT OF $1.24b ON STRONG REVENUE GAINS BUT FUEL COSTS REMAIN GREATEST CHALLENGE

PROFIT OF $1.24b ON STRONG REVENUE GAINS BUT FUEL COSTS REMAIN GREATEST CHALLENGE PROFIT OF $1.24b ON STRONG REVENUE GAINS BUT FUEL COSTS REMAIN GREATEST CHALLENGE HIGHLIGHTS OF THE GROUP S PERFORMANCE Financial Year 2005-06 4th Quarter 2005-06 Apr 2005 Mar 2006 Year-on-Year % Change

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

CONSOLIDATED PROFIT AND LOSS ACCOUNT

CONSOLIDATED PROFIT AND LOSS ACCOUNT CONSOLIDATED PROFIT AND LOSS ACCOUNT for the year ended 31st December Turnover Note Passenger services 26,407 18,663 Cargo services 11,395 9,913 Catering and other services 1,263 1,002 Total turnover 1

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

ANA Holdings Inc. Financial Results FY2014 First Quarter. Kiyoshi Tonomoto. July 30, Senior Executive Vice President and CFO ANAHD2014 1

ANA Holdings Inc. Financial Results FY2014 First Quarter. Kiyoshi Tonomoto. July 30, Senior Executive Vice President and CFO ANAHD2014 1 ANA Holdings Inc. Financial Results FY2014 First Quarter Kiyoshi Tonomoto Senior Executive Vice President and CFO July 30, 2014 1 Contents Financial Results FY2014 First Quarter Highlights FY2014 First

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

INVESTOR NEWSLETTER. Full Year 2013 Editions. PT Garuda Indonesia (Persero) Tbk. FY 2012 FY 2013 Change. Summary.

INVESTOR NEWSLETTER. Full Year 2013 Editions. PT Garuda Indonesia (Persero) Tbk. FY 2012 FY 2013 Change. Summary. INVESTOR NEWSLETTER PT Garuda Indonesia (Persero) Tbk. Full Year 2013 Editions FY 2012 FY 2013 Change Financial Summary (USD Mio) OPERATING REVENUES 3,472 3,716 7.02% OPERATING EXPENSES 3,304 3,660 10.75%

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

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

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. 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

Cathay Pacific Airways

Cathay Pacific Airways Cathay Pacific Airways Annual Results for the year ended 31 st December 2011 14 March 2012 1 Annual Result 2011 2010 Change Group attributable profit HK$5,501m HK$14,048m -60.8% Group Turnover HK$98,406m

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

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

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

ANA HOLDINGS Financial Results for the Three Months Ended June 30, 2018

ANA HOLDINGS Financial Results for the Three Months Ended June 30, 2018 ANA HOLDINGS NEWS ANA HOLDINGS Financial Results for the Three Months Ended June 30, 2018 TOKYO, July 31, 2018 ANA HOLDINGS INC. (hereinafter ANA HD ) today reports its financial results for the three

More information

Cathay Pacific Airways Analyst Briefing 27 November 2012

Cathay Pacific Airways Analyst Briefing 27 November 2012 Cathay Pacific Airways Analyst Briefing 27 November 2012 1 Trading Statement 2012 A very challenging year High fuel prices Soft premium demand High competition in Economy Class putting pressure on yield

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

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

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

Financial Position (consolidated)

Financial Position (consolidated) May 14 th, 2015 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

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 Mar/18 Mar/18 (FY2017) 1 st quarter resulted in an

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

Leaving the Competition Behind. Second Quarter (Apr-Jun) 2009 Results

Leaving the Competition Behind. Second Quarter (Apr-Jun) 2009 Results Leaving the Competition Behind Second Quarter (Apr-Jun) 2009 Results 12 Aug 2009 1 Disclaimer Information contained in our presentation is intended solely for your reference. Such information is subject

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

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

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

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

Analyst Briefing Quarter 3/2012

Analyst Briefing Quarter 3/2012 http://www.thaiairways.com/about-thai/investor-relations/en/investor.html THAI AIRWAYS INTERNATIONAL PCL Analyst Briefing Quarter 3/2012 1 Investor Relations Department DISCLAIMER The information contained

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

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

$168 MILLION PROFIT FOR FIRST HALF

$168 MILLION PROFIT FOR FIRST HALF 2 November 2012 Page 1 of 4 No. 05/12 02 November 2012 $168 MILLION PROFIT FOR FIRST HALF GROUP FINANCIAL PERFORMANCE First Half 2012-13 The SIA Group registered a net profit of $168 million in the first

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

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

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

JET AIRWAYS (I) LTD. Presentation on Financial Results Q4 FY08

JET AIRWAYS (I) LTD. Presentation on Financial Results Q4 FY08 JET AIRWAYS (I) LTD Presentation on Financial Results Q4 FY08 June 24, 2008 1 1 1 Agenda Domestic operating environment Jet Airways performance highlights JetLite performance highlights Consolidated Jet

More information

ANNOUNCEMENT ON KEY OPERATING DATA OF JUNE 2017

ANNOUNCEMENT ON KEY OPERATING DATA OF JUNE 2017 Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness

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

Cathay Pacific Airways 2011 Interim Results 10 August 2011

Cathay Pacific Airways 2011 Interim Results 10 August 2011 Cathay Pacific Airways 2011 Interim Results 10 August 2011 1 Interim Result 1H 2011 1H 2010 Group profit HK$2,808m HK$6,840m Group turnover HK$46,791 HK$41,337m Profit margin 6.0% 16.5% Return on capital

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

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

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

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

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

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