THIRD QUARTER RESULTS 2018

Save this PDF as:

Size: px
Start display at page:

Download "THIRD QUARTER RESULTS 2018"

Transcription

1 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 loss was $ million pesos, compared to the operating income of $ million pesos in the 3Q17, with operating margins of -15.7% and 6.6% respectively. In 3Q18, EBITDAR reflected a decrease of 71.0% from $ 1,431.6 million pesos in the 3Q17, compared to $ million pesos in the same period of 3Q18, with EBITDAR margins of 24.5% and 6.6%, respectively. INTERJET recorded a net loss of $ million pesos in the 3Q18, compared to a net income of $ million pesos in the same period of 2017, with margins of -15.7% and 4.0%, respectively. 3Q= Third quarter

2 Below is a summary of the selected consolidated financial and operating Information, which is derived from the comparison of Interjet s nonaudited, consolidated financial information for the third quarter of 2018 vs SELECTED FINANCIAL AND OPERATING INFORMATION THIRD QUARTER ITEM % OF VAR ASK (millons) 5,800 5, % RPK (millons) * 4,720 4, % LOAD FACTOR * 81.4% 78.3% 3.1 pp PASSENGERS (thousands) 3,556 3, % TOTAL REVENUE (millions) 6,245 5, % REVENUE PAX (millions) * 6,101 5, % YIELD (pesos) * (1.8%) RASK (pesos) (5.3%) CASK (pesos) % CASK EXCLUDING FUEL (pesos) % EBITDAR (millions) * 415 1,432 (71.0%) EBITDAR MARGIN (as % of total revenues) 6.6% 24.5% 17.9pp OPERATING (LOSS) INCOME (millions) (978) 385 NR OPERATING MARGIN (as % of total revenues) (15.7%) 6.6% (22.3) pp NET (LOSS) INCOME (millions) * (980) 232 NR NET MARGIN (as % of total revenues) (15.7%) 4.0% (19.7) pp PP: Porcentual Points *: IFRS Effect NR: Non Representative

3 SELECTED FINANCIAL AND OPERATING INFORMATION NINE MONTHS ITEM % OF VAR ASK (millons) 16,538 14, % RPK (millons) * 13,375 11, % LOAD FACTOR * 80.9% 76.1% 4.8 pp PASSENGERS (thousands) 10,263 9, % TOTAL REVENUE (millions) 17,317 15, % REVENUE PAX (millions) * 16,734 13, % YIELD (pesos) * (1.0%) RASK (pesos) (2.6%) CASK (pesos) % CASK EXCLUDING FUEL (pesos) (0.5%) EBITDAR (millions) * 1,893 3,136 (39.6%) EBITDAR MARGIN (as % of total revenues) 10.9% 20.2% (9.3)pp OPERATING (LOSS) INCOME (millions) (1,940) 76 NR OPERATING MARGIN (as % of total revenues) (11.2%) 0.5% (11.7) pp NET (LOSS) (millions) * (1,715) (251) NR NET MARGIN (as % of total revenues) (9.90%) (1.6%) (8.3) pp PP: Porcentual Points *: IFRS Effect NR: Non Representative

4 Market environment INTERJET operated during the 3Q18 in an environment defined by the following factors: Growth of passenger traffic in the domestic and international industry. According to figures published by the DGAC, (General Direction of Civil Aviation) the passenger market for Mexican airlines increased by an average of 8.1% during the months of July and August of 2018 over the same period of the previous year. The volume of passengers in the domestic market increased 7.4%, while the international market volume grew 10.4%. Slight economic growth. During the 3Q18 the Mexican economy showed a recovery in the pace of economic growth. The General Indicator of Economic Activity (IGAE) in July and August 2018 grew 2.3% compared to the same period of Increase in fuel prices in pesos. During the period July to September 2018 the weighted average price of fuel per liter paid by INTERJET increased by 49.94% when compared to the same period in 2017, reaching a weighted average price per liter of $ in the 3Q18, compared to $ 8.33 weighted average price per liter in 3Q17. Depreciation of the average exchange rate. The closing exchange rate for the quarter reflected a depreciation of the peso compared to the US dollar of 7.0% compared to the same period of 2017, going from $ pesos per US dollar at 3Q17 to $ pesos per US dollar at 3Q18.

5 Revenue (*Effect IFRS 15) At the beginning of 2018, Interjet adopted the new IFRS 15, using the Modified Retrospective method established in IFRS 15.C3 b), under which the adjustments for the application effect of the new standard are recognized in retained earnings as of the date of initial application (January 1, 2018). Under this transition method, Interjet will apply this rule retroactively only to contracts that are not completed by the date of the initial application. In the 3Q18 INTERJET total revenue increased 7.0% from $ 5,835.2 million pesos in the 3Q17 to $ 6,244.8 million pesos in the 3Q18. This increase was mainly due to a growth in passengers. Passenger revenue increased 15.4%, from $ 5,286.3 million pesos in the 3Q17 to $ 6,100.7 million pesos in the 3Q18, mainly due to a higher volume of transported passengers. The increased revenue also reflected the reclassification of "ancillaries" commented in the following paragraph. Other income (* IFRS15 effect) decreased 73.9% from $ million pesos in 3Q17 to $ million pesos in the 3Q18, mainly due to the reclassification of some items such as "ancillaries" that were previously presented under Other Income, (these revenues do not involve an additional service transferred to the customer, so they are not considered a separate performance obligation and are combined with the flight obligation, forming part of the original fare); and now they are reflected as Revenue by Passengers as of January 1, 2018, given the adoption of the IFRS15 mentioned above. This decrease in other income also reflected the net result obtained through the monetization of 6 aircraft carried out in this quarter (4aircraft in July and 2 aircraft in September) under the Sale & Lease Back scheme. The seats supply (ASK's) increased by 13.0% in the 3Q18 compared to the same period of 2017, mainly due to the opening of longer routes and to an increase of fleet with higher capacity given the expansion of the Company. At the end of 3Q18 the Company operated 85 aircrafts, 22 SSJ100, 50 A320 s (3 NEO s) and 13

6 A321 s (7 NEO s), compared to 76 aircrafts in the 3Q17 (22 SSJ100, 50 A320 s and 4 A321 s). Operating expenses Operating expenses increased 32.5% from $ 5,450.2 million pesos in the 3Q17 to $ 7,222.6 million pesos in the 3Q18. This increase was mainly due to the higher price of the jetfuel, the depreciation of the peso against the dollar and the addition of aircrafts to the Interjet s fleet that caused higher expenses of: airport operating and landing fees, aircraft leases and expenses inherent to the expansion of operations among others by the opening of routes and stations. Likewise, this increase in expenses is reflecting the gradual phase out of operations of the fleet of SSJ100 and the non-recurring expense that was generated by the terminations of employees that were separated from the Company, as a result of both,a reduction in the structure of fixed costs of the Company and a partial reduction in terms of employees directly related to the SSJ100 fleet. The unit cost per ASK in pesos (CASK) in 3Q18 increased 17.3% in relation to 3Q17, mainly due to the pressure in the price of fuel, the depreciation of the peso exchange rate, and the inflation reflected in expenses in unit costs of services. The CASK excluding fuel decreased 8.3%. Fuel expenses on the 3Q18 increased by 60.2% from $ 1,454.9 million pesos in 3Q17 to $ 2,331.1 million pesos in the same period of 2018, mainly due to a) the increase of 49.9% in the weighted average price per liter of fuel paid by the Company, reaching a weighted average price per liter of $ pesos in the 3Q18 compared to $ 8.33 pesos in the 3Q17, and b) for the increase of international operations, particularly routes with higher flying range, going from 6,775 operations in 3Q17 to 8,105 operations in 3Q18. Maintenance expenses increased 14.5% from $ million pesos in 3Q17 to $ million pesos in 3Q18, as a result primarily of the increase in the fleet and greater services to it, in addition to the expenses generated by maintaining fleet on land, because of the gradual phase out of operations of the SSJ100 fleet.

7 The costs of airport operating and landing fees increased 27.0% from $ million pesos in 3Q17 to $ 1,043.5 million pesos in 3Q18 as a result of the increase in the number of operations carried out mainly in the international market and the depreciation of the peso against the dollar. Expenses for wages, salaries and crew benefits increased 26.1%, from $ million pesos in 3Q17 to $ million pesos in 3Q18, mainly due to i) the annual union wage revision, which was affected by a higher inflation rate in the country, ii) to the increase in the number of crews, training expenses and per diem as a result of the additional aircraft that were incorporated during this period and iii) the nonrecurring expense that was generated by the terminations of employees that were separated from the Company, as a result of both, a reduction in the fixed cost structure of the Company and a partial reduction in terms of employees directly related to the SSJ100 fleet. After the reduction in the structure, at the end of 3Q18 the number of employees that make up the crews went from 1,905 in 3Q17 to 1,670 in the same period of Selling and advertising expenses increased 14.1% from $ million pesos in the 3Q17 to $ in the 3Q18, due to the increase in advertising to promote new routes, by higher bank fees due to the increase in sales and an increase in commissions paid to agencies, given the incremental sales associated with these agencies. Technology and administrative expenses increased 4.3% from $ million pesos in the 3Q17 to $ million pesos in the 3Q18 as a result of the growth in the Company's international operations. Aircraft and engine rents increased 59.7% from $ million pesos in the 3Q17 to $ 1,192.4 million pesos in the 3Q18, as a result of the increase in leased fleet, mainly reflecting the Sale & Lease Back (SLB) transactions of 2017 and 2018, as well as the effect of the depreciation of the peso against the dollar. Depreciation expenses decreased 33.3% from $ million pesos in the 3Q17 to $ million pesos in the 3Q18 as a result of the SLB transactions mentioned above.

8 EBITDAR EBITDAR decreased 71.0% from $ 1,431.6 million pesos in the 3Q17 to $ million pesos in the 3Q18. The EBITDAR margin reached 24.5% in the 3Q17 compared to the 6.6% of margin, reached during the same period of Operating Result In 3Q18, the operating result went from an operating profit of $ million pesos in 3Q17 to an operating loss of $ million pesos in 3Q18, with margins of 6.6% and -15.7%, respectively. This was mainly due to the increases in costs and expenses mentioned above. Comprehensive financing cost Comprehensive financing cost decreased 13.5%, from a cost of $ million pesos in 3Q17 to a cost of $ million in 3Q18, as a result of adverse foreign exchange results based on a higher net liability financial position in foreign currency, and to the negative effect of the devaluation of the peso against the dollar, partially offset by, lower interest expenses, due to the prepayment of financial liabilities, as well as, higher interest income received. Net Result INTERJET reflected a net loss of $ million pesos in 3Q18, compared to a net profit of $ million pesos in the same period of Comments to the statement of financial position and liquidity As of 30 of September 2018, the Company had $ million pesos in cash and cash equivalents.

9 The net cash used in operating activities in 3Q18 amounted $ 3,043.3 million pesos. The net cash generated in investment activities of $ 6,632.0 million pesos, mainly reflects the transaction of 6 aircrafts under the SLB scheme. Net cash used in financing activities of $ 3,748.9 million pesos, reflects the amortization of debt for the period, the payment of interest and the capitalization that took place, mentioned below. Capitalization At the end of September 2018, the Shareholders' Meeting agreed to make a capital increase of up to the amount of $ 2, million pesos, of which $ million pesos, were already capitalized. The resources of this capitalization were mainly used to reduce financial creditors. After this capitalization and the "Sale & Lease Back" transaction, the Company's leverage ratio (Debt / Equity) remained at 1.4x at the end of September Investor Relations Contact: Raul Lopez/CFO/+52 (55)

10 Glossary ASK Means, (available seat kilometer). Represents the total number of seats flown by an airline multiplied by the number of kilometers flown. RPK Means, (revenue passenger kilometer) Represents the number of kilometers flown by paying customers Load Factor It means the total seats filled to airplane seats on average. It is determined by dividing the total RPK's between ASK's. YIELD It means performance indicator of pesos per kilometer. YIELD PER RPK It is determined by dividing passenger revenues by RPK's. RASK Means, (Revenue per Available Seat Kilometer) It is determined by dividing TOTAL REVENUE between ASK's. CASK Means (Cost of Available Seat Kilometer) Unitary average cost is calculated by dividing total operating expenses by ASKs CASK excluding fuel It is determined by dividing total expenses, less fuel consumption expense, by ASK's.

11

12 ABC Aerolíneas, S.A. de C.V. and Subsidiaries Unaudited Consolidated Condensed Statements of Financial Position As of September 30, 2018 and December 31, 2017 (In thousands of Mexican pesos) September 30, 2018 December 31, 2017 Assets Current assets Cash and cash equivalents $878,470 $1,038,733 Accounts receivable 2,678,025 2,160,947 Recoverable taxes, mainly income taxes and value-added tax 533, ,713 Inventories 202, ,471 Prepaid expenses 496, ,535 Total current assets 4,789,207 4,280,399 Prepaid expenses 1,661,915 1,707,596 Flight equipment, leasehold improvements, furniture and equipment - Net 11,094,814 16,894,337 Prepaid maintenance 8,188,971 7,965,208 Deferred taxes 776,195 39,276 Other assets 185, ,518 Concession 43,797 43,797 Deposits on aircraft leases 1,873,873 1,621,070 Total $28,613,888 $32,737,201 Liabilities and stockholders equity Current liabilities Notes payable to financial institutions $2,487,237 $3,454,324 Provision of maintenance and retirement conditions 945,262 1,533,441 Accounts payable 3,435,747 2,744,977 Other accounts payable and accrued expenses 2,046,184 2,392,204 Payable taxes other than income taxes 1,095, ,248 Air traffic liability 2,577,944 1,867,328 Total current liabilities 12,587,388 12,833,522 Long-term debt 5,577,688 8,796,290 Long-term financial creditors 1,425,686 2,148,455 Employee benefits and other deferred liabilities 14,065 14,065 Provision of maintenance and retirement conditions 2,400,184 1,354,655 Total liabilities 22,005,011 25,146,987 Stockholders equity Capital stock 5,019,093 4,119,093 Contributions for future capital increases 5 5 Cumulative translation adjustments 722, ,194 Remedy of labor obligations Retained earnings 827,432 2,540,516 Controlling interest 6,568,536 7,547,851 Non controlling interest 40,341 42,363 Total stockholders equity 6,608,877 7,590,214 Total $28,613,888 $32,737,201

13 ABC Aerolíneas, S.A. de C.V. and Subsidiaries Unaudited Consolidated Statements of Profit or Loss For the nine months periods ended September 30, 2018 and 2017 (In thousands of Mexican pesos) For the three months period ended September 30, For the nine months period ended September 30, Operating revenues: Operating revenues $6,100,658 $5,286,257 $16,734,254 $13,900,237 Other 144, , ,133 1,630,774 6,244,779 5,835,138 17,317,387 15,531,011 Operating expenses: Aircraft fuel 2,331,090 1,454,904 6,517,698 4,270,915 Maintenance and return conditions 843, ,464 2,188,834 1,852,441 Other operating expenses - - (733,123) - Airport operating and landing fees 1,043, ,498 2,967,210 2,400,533 Wages, salaries and benefits 587, ,147 1,611,642 1,327,979 Insurance and passenger service 115,807 94, , ,843 Selling 508, ,014 1,486,424 1,230,118 Administrative and other 400, ,613 1,028,464 1,029,074 Flight equipment rentals 1,192, ,457 3,120,889 2,100,106 Depreciation and amortization 200, , , ,814 7,222,603 5,450,242 19,257,737 15,454,823 Operating (loss) profit (977,824) 384,896 (1,940,350) 76,188 Interest income 75,248 16, ,667 39,948 Interest expense (146,278) (253,943) (500,033) (753,255) Exchange (loss) gain Net (36,689) 113,125 (113,435) 426,275 (107,719) (124,582) (509,801) (287,032) Loss before income tax (1,085,543) 260,314 (2,450,151) (210,844) Income tax (gain) expense (105,726) 28,146 (735,045) 40,035 Consolidated net (loss) profit ($979,817) $232,168 ($1,715,106) ($250,879)

14 ABC Aerolíneas, S. A. de C. V. and Subsidiaries Unaudited Consolidated Statements of Changes in Stockholders' Equity For the nine months period and the year ended Septembre 30, 2018 and 2017, respectively (In thousands of Mexican pesos) Capital Stock Contributions for future capital increases Cumulative translation adjustments Other comprehensive income Retained earnings Non controlling interest Total stockholders equity Balance as of January 1, 2017 $900,000 $5 $904,984 $0 $2,796,975 $39,435 $4,641,399 Increase of capital stock 3,067, ,067,448 Comprehensive income: Cumulative translation adjustments of foreign - - (535,225) operations - (loss) - - (535,225) Consolidated net loss for the year (250,236) (643) (250,879) - - (535,225) - (250,236) (643) (786,104) Balance as of September 30, 2017 $3,967,448 $5 $369,759 $0 $2,546,739 $38,792 $6,922,743 Balance as of January 1, 2018 $4,119,093 $5 $889,194 -$957 $2,540,516 $42,363 $7,590,214 Increase of capital stock 900, ,000 Comprehensive income: Cumulative translation adjustments of foreign operations - (loss) - (166,231) (166,231) Consolidated net (loss) income for the period (1,713,084) (2,022) (1,715,106) - - (166,231) - (1,713,084) (2,022) (1,881,337) Balance as of September 30, 2018 $5,019,093 $5 $722,963 ($957) $827,432 $40,341 $6,608,877

15

16 ABC Aerolíneas, S.A. de C.V. and Subsidiaries Unaudited Consolidated Statements of Cash Flows For the nine months period and the year ended September 30, 2018 and 2017, respectively (In thousands Mexican pesos) For the nine months period ended September 30, 2018 For the nine months period ended September 30, 2017 Cash flows from operating activities: Consolidated net loss for the year ($1,715,105) ($250,879) Income tax expense recognized in net result (735,045) 13,306 Depreciation and amortization of non-current assets 712, ,814 Provision for maintenance and retirement conditions 457,349 (193,108) Non-current assets sale gain (155,757) (8,674) Interest expense 500, ,015 Unrealized foreign exchange gain 496, ,783 (Increase) in accounts receivables (517,078) (1,194,702) (Increase) in recoverable taxes, mainly income tax and valueadded tax (108,170) (122,282) Decrease (Increase) in inventories 42,387 (35,804) (Increase) decrease in prepaid expenses (86,210) 128,013 (Increase) in deposits on aircraft leases (252,803) (222,954) Increase (decrease) in accounts payables 690,770 (101,236) (Decrease) increase in other accounts payable and accrued expenses (346,020) 921,245 Increase in payable taxes other than income taxes 251, ,798 Increase in air traffic liability 710,616 11,616 Net cash generated by operating activities (54,368) 1,159,951 Cash flows from investing activities: Flight equipment, adaptations, leasehold improvements, and furniture and equipment 4,589,681 1,585,341 Non-current prepaid assets (19,898) (110,253) Other assets 402 (5,229) Prepaid maintenance (927,156) (290,120) Net cash used in investing activities 3,643,029 1,179,739 Cash flows from financing activities: Loans paid, net (4,148,891) (4,634,868) Stock holders' contribution 900,000 3,067,446 Interest expense paid (500,033) (753,255) Net cash generated by financing activities (3,748,924) (2,320,677) Net decrease in cash and cash equivalents (160,263) 19,013 Cash and cash equivalents at the beginning of the year 1,038,733 1,390,741 Cash and cash equivalents at the end of the year $878,470 $1,409,754

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

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

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

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

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

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

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

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

Earnings Report 1 st Quarter 2016 Grupo Viva Aerobus

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

More information

Volaris Reports Strong First Quarter 2015: 32% Adjusted EBITDAR Margin, 9% Operating Margin

Volaris Reports Strong First Quarter 2015: 32% Adjusted EBITDAR Margin, 9% Operating Margin Volaris Reports Strong First Quarter 2015: 32% Adjusted EBITDAR Margin, 9% Operating Margin Mexico City, Mexico, April 22, 2015 Volaris* (NYSE: VLRS and BMV: VOLAR), the ultra-low-cost airline serving

More information

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

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

Azul Increases Net Income by R$152 Million in 1Q18 Operating margin was a record 12.5% despite the 21% increase in oil year over year

Azul Increases Net Income by R$152 Million in 1Q18 Operating margin was a record 12.5% despite the 21% increase in oil year over year Azul Increases Net Income by R$152 Million in 1Q18 Operating margin was a record 12.5% despite the 21% increase in oil year over year São Paulo, May 10, Azul S.A., Azul, (B3:AZUL4, NYSE:AZUL) the largest

More information

Grupo Viva Aerobus announces results for the third quarter of 2016

Grupo Viva Aerobus announces results for the third quarter of 2016 Earnings Earnings Report Report 3 rd rd Quarter Quarter 2016 2016 Grupo Grupo Viva Viva Aerobus Aerobus Grupo Viva Aerobus announces results for the third quarter of 2016 Mexico City, Mexico, October 27,

More information

OPERATING AND FINANCIAL HIGHLIGHTS SUBSEQUENT EVENTS

OPERATING AND FINANCIAL HIGHLIGHTS SUBSEQUENT EVENTS Copa Holdings Reports Net Income of US$6.2 Million and EPS of US$0.14 for the Third Quarter of 2015 Excluding special items, adjusted net income came in at $37.4 million, or EPS of $0.85 per share Panama

More information

Copa Holdings Reports Net Income of $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

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

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

FIRST QUARTER 2014 RESULTS

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

More information

Copa Holdings Reports Net Income of $57.7 million and EPS of $1.36 for the Third Quarter of 2018

Copa Holdings Reports Net Income of $57.7 million and EPS of $1.36 for the Third Quarter of 2018 Copa Holdings Reports Net Income of $57.7 million and EPS of $1.36 for the Third Quarter of 2018 November 14, 2018 PANAMA CITY, Nov. 14, 2018 /PRNewswire/ -- Copa Holdings, S.A. (NYSE: CPA), today announced

More information

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

PRESS RELEASE Financial Results. Rising passenger traffic at 12.5m Exceeding 1bn in consolidated revenue PRESS RELEASE 2016 Financial Results Rising passenger traffic at 12.5m Exceeding 1bn in consolidated revenue Kifissia, 23 March 2017 AEGEAN reports full year 2016 results with consolidated revenue at 1,020m,

More information

OPERATING AND FINANCIAL HIGHLIGHTS

OPERATING AND FINANCIAL HIGHLIGHTS Copa Holdings Reports 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

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

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

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

Third Quarter 2017 Highlights

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

More information

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

CONTACT: Investor Relations Corporate Communications

CONTACT: Investor Relations Corporate Communications NEWS RELEASE CONTACT: Investor Relations Corporate Communications 435.634.3200 435.634.3553 Investor.relations@skywest.com corporate.communications@skywest.com SkyWest, Inc. Announces Second Quarter 2016

More information

CONTACT: Investor Relations Corporate Communications

CONTACT: Investor Relations Corporate Communications NEWS RELEASE CONTACT: Investor Relations Corporate Communications 435.634.3200 435.634.3553 Investor.relations@skywest.com corporate.communications@skywest.com SkyWest, Inc. Announces Second Quarter 2017

More information

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

SKYWEST, INC. ANNOUNCES THIRD QUARTER 2014 RESULTS

SKYWEST, INC. ANNOUNCES THIRD QUARTER 2014 RESULTS NEWS RELEASE For Further Information Contact: Investor Relations Telephone: (435) 634-3203 Fax: (435) 634-3205 FOR IMMEDIATE RELEASE: October 29, 2014 SKYWEST, INC. ANNOUNCES THIRD QUARTER 2014 RESULTS

More information

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

Fourth Quarter 2017 Highlights

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

More information

OPERATING AND FINANCIAL HIGHLIGHTS

OPERATING AND FINANCIAL HIGHLIGHTS Copa Holdings Reports Net Income of US$18.6 Million and EPS of US$0.42 for the Second Quarter of 2010 Excluding special items, adjusted net income came in at $26.3 million, or $0.60 per share Panama City,

More information

SkyWest, Inc. Announces First Quarter 2018 Profit

SkyWest, Inc. Announces First Quarter 2018 Profit NEWS RELEASE CONTACT: Investor Relations Corporate Communications 435.634.3200 435.634.3553 Investor.relations@skywest.com corporate.communications@skywest.com SkyWest, Inc. Announces First Quarter 2018

More information

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

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

More information

Copa Holdings Reports 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

Spirit Airlines Reports First Quarter 2017 Results

Spirit Airlines Reports First Quarter 2017 Results Spirit Airlines Reports First Quarter 2017 Results MIRAMAR, Fla., April 28, 2017 - Spirit Airlines, Inc. (NASDAQ: SAVE) today reported first quarter 2017 financial results. GAAP net income for the first

More information

4Q15 and 2015 Results Presentation. March 30, 2016

4Q15 and 2015 Results Presentation. March 30, 2016 4Q15 and 2015 Results Presentation March 30, 2016 Highlights Paulo Kakinoff CEO Highlights Macro Environment Even more adverse environment for the Brazilian economy, with a GDP drop of 3.8% in 2015 Devaluation

More information

CONTACT: Investor Relations Corporate Communications

CONTACT: Investor Relations Corporate Communications NEWS RELEASE CONTACT: Investor Relations Corporate Communications 435.634.3200 435.634.3553 Investor.relations@skywest.com corporate.communications@skywest.com SkyWest, Inc. Announces Fourth Quarter 2017

More information

Earnings Release Second Quarter 2006

Earnings Release Second Quarter 2006 GOL Reports Net Revenues of R$844mm and EPS of R$0.54 for 2Q06 Brazil s Low-cost, Low-fare Airline Reports Quarterly Net Income of R$107mm 56% increase in Earnings per ADS São Paulo, July 20, 2006 GOL

More information

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

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

More information

Volaris Reports First Quarter 2018 Results: Ancillary Revenue Expansion, Unit Cost Reduction and Cash Flow Generation

Volaris Reports First Quarter 2018 Results: Ancillary Revenue Expansion, Unit Cost Reduction and Cash Flow Generation Volaris Reports First Quarter 2018 Results: Ancillary Revenue Expansion, Unit Cost Reduction and Cash Flow Generation Mexico City, Mexico, April 20, 2018 Volaris* (NYSE: VLRS and BMV: VOLAR), the ultra-low-cost

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

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

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

More information

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

Spirit Airlines Reports Fourth Quarter and Full Year 2016 Results

Spirit Airlines Reports Fourth Quarter and Full Year 2016 Results Spirit Airlines Reports Fourth Quarter and Full Year 2016 Results MIRAMAR, FL. (February 7, 2017) - Spirit Airlines, Inc. (NASDAQ: SAVE) today reported fourth quarter and full year 2016 financial results.

More information

Enhancing air travel options through a strong focus on profitability and innovation. 1 rst Quarter 2018 Earnings Report Grupo Viva Aerobus

Enhancing air travel options through a strong focus on profitability and innovation. 1 rst Quarter 2018 Earnings Report Grupo Viva Aerobus 1 rst Quarter 2018 Earnings Report Grupo Viva Aerobus Enhancing air travel options through a strong focus on profitability and innovation 1 VIVA AEROBUS REPORTS GROWTH OF 49.2% IN REVENUE AND 83.2% IN

More information

Spirit Airlines Reports Third Quarter 2017 Results

Spirit Airlines Reports Third Quarter 2017 Results Spirit Airlines Reports Third Quarter 2017 Results MIRAMAR, Fla., October 26, 2017 - Spirit Airlines, Inc. (NASDAQ: SAVE) today reported third quarter 2017 financial results. GAAP net income for the third

More information

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

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

More information

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

Volaris Reports Third Quarter 2018 Results: Ancillary Revenue Expansion And Reduction Of Unit Cost Excluding Fuel

Volaris Reports Third Quarter 2018 Results: Ancillary Revenue Expansion And Reduction Of Unit Cost Excluding Fuel Volaris Reports Third Quarter 2018 Results: Ancillary Revenue Expansion And Reduction Of Unit Cost Excluding Fuel Mexico City, Mexico, October 25, 2018 Volaris* (NYSE: VLRS and BMV: VOLAR), the ultra-low-cost

More information

Spirit Airlines Reports Second Quarter 2018 Results

Spirit Airlines Reports Second Quarter 2018 Results Spirit Airlines Reports Second Quarter 2018 Results MIRAMAR, Fla., July 25, 2018 - Spirit Airlines, Inc. (NYSE: SAVE) today reported second quarter 2018 financial results. GAAP net income for the second

More information

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

NORWEGIAN AIR SHUTTLE ASA QUARTERLY REPORT FIRST QUARTER 2004 [This document is a translation from the original Norwegian version] NORWEGIAN AIR SHUTTLE ASA QUARTERLY REPORT 2004 IN BRIEF At the start of 2003, Norwegian has become a pure low-fare airline. The Fokker F-50 operations have been terminated, and during the quarter the

More information

In 1Q18, Brazil s #1 airline achieves a 17% EBIT margin and grows net revenues by 14%

In 1Q18, Brazil s #1 airline achieves a 17% EBIT margin and grows net revenues by 14% In 1Q18, Brazil s #1 airline achieves a 17% EBIT margin and grows net revenues by 14% Operating income for the first quarter doubled, reaching R$504 million São Paulo, May 9, 2018 - ( GOL or Company ),

More information

Spirit Airlines Reports First Quarter 2018 Results

Spirit Airlines Reports First Quarter 2018 Results Spirit Airlines Reports First Quarter 2018 Results MIRAMAR, Fla., April 26, 2018 - Spirit Airlines, Inc. (NYSE: SAVE) today reported first quarter 2018 financial results. For the first quarter 2018, Spirit

More information

Earnings Report 4 th Quarter 2016 Grupo Viva Aerobus

Earnings Report 4 th Quarter 2016 Grupo Viva Aerobus Earnings Report 4 th Quarter 2016 Grupo Viva Aerobus Grupo Viva Aerobus announces results for the fourth quarter of 2016 Mexico City, Mexico, February 20, 2016- Grupo Viva Aerobus S.A. de C.V. ( Grupo

More information

MIRAMAR, Fla., April 29, 2015 (GLOBE NEWSWIRE) -- Spirit Airlines, Inc. (Nasdaq:SAVE) today reported first quarter 2015 financial results.

MIRAMAR, Fla., April 29, 2015 (GLOBE NEWSWIRE) -- Spirit Airlines, Inc. (Nasdaq:SAVE) today reported first quarter 2015 financial results. April 29, 2015 Spirit Airlines Announces First Quarter 2015 Results; Adjusted Net Income Increases 87.1 Percent to $70.7 Million and Pre-Tax Margin Increases 900 Basis Points to 22.7 Percent MIRAMAR, Fla.,

More information

Management s Discussion and Analysis

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

More information

Volaris Reports Second Quarter 2017 Results: 26% Adjusted EBITDAR Margin. Non-Ticket Revenues Reached 29%

Volaris Reports Second Quarter 2017 Results: 26% Adjusted EBITDAR Margin. Non-Ticket Revenues Reached 29% Volaris Reports Second Quarter 2017 Results: 26% Adjusted EBITDAR Margin. Non-Ticket Revenues Reached 29% Mexico City, Mexico, July 21, 2017 Volaris* (NYSE: VLRS and BMV: VOLAR), the ultra-low-cost airline

More information

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

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

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

More information

Melco International Development Limited (Incorporated in Hong Kong with limited liability) Website : (Stock Code : 200)

Melco International Development Limited (Incorporated in Hong Kong with limited liability) Website :   (Stock Code : 200) 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

Tiger Airways Holdings Limited FY11 Results

Tiger Airways Holdings Limited FY11 Results Tiger Airways Holdings Limited FY11 Results May 2011 Financial Year Ended 31 March 2011 Disclaimer The information contained in this presentation (the "Information") is provided by Tiger Airways Holdings

More information

ASUR 2Q11 PASSENGER TRAFFIC UP 2.89% YOY

ASUR 2Q11 PASSENGER TRAFFIC UP 2.89% YOY In Mexico ASUR Lic. Adolfo Castro (52) 5552-84-04-08 acastro@asur.com.mx In the U.S. Breakstone Group Susan Borinelli (646) 330-5907 sborinelli@breakstone-group.com ASUR 2Q11 PASSENGER TRAFFIC UP 2.89%

More information

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

El Al Israel Airlines announced today its financial results for the second quarter and the first half of 2017. August 16, 2017 El Al Israel Airlines announced today its financial results for the second quarter and the first half of 2017. The Company's revenues in the second quarter of 2017 amounted to approx. USD

More information

Q1 Fiscal 2018 Statistics

Q1 Fiscal 2018 Statistics Q1 Fiscal 2018 Statistics FedEx Corporation Financial and Operating Statistics First Quarter Fiscal 2018 September 19, 2017 This report is a statistical supplement to FedEx s interim financial reports

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

44th Consecutive Profitable Quarter Fourth Quarter Fully Diluted Earnings per Share of $0.94 Full Year Fully Diluted Earnings per Share of $4.

44th Consecutive Profitable Quarter Fourth Quarter Fully Diluted Earnings per Share of $0.94 Full Year Fully Diluted Earnings per Share of $4. Allegiant Travel Company Fourth Quarter and Full Year 2013 Financial Results January 29, 2014 1:00 PM PT 44th Consecutive Profitable Quarter Fourth Quarter Fully Diluted Earnings per Share of $0.94 Full

More information

FILED: NEW YORK COUNTY CLERK 03/27/ :34 PM INDEX NO /2017 NYSCEF DOC. NO. 69 RECEIVED NYSCEF: 03/27/2017. Exhibit 13

FILED: NEW YORK COUNTY CLERK 03/27/ :34 PM INDEX NO /2017 NYSCEF DOC. NO. 69 RECEIVED NYSCEF: 03/27/2017. Exhibit 13 Exhibit 13 Avianca Holdings Reports Fourth Quarter 2016 Adjusted Operating Profit 1 of $102.1 Million Bogota, Colombia, February 28, 2017 Avianca Holdings S.A. (NYSE: AVH, BVC: PFAVH) today reported its

More information

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

LAN AIRLINES REPORTS NET INCOME OF US$88.3 MILLION FOR THE FIRST QUARTER OF 2010 FOR IMMEDIATE RELEASE LAN AIRLINES REPORTS NET INCOME OF US$88.3 MILLION FOR THE FIRST QUARTER OF 2010 Santiago, Chile, April 27, 2010 LAN Airlines S.A. (NYSE: LFL), one of Latin America s leading passenger

More information

Volaris Reports First Quarter 2017 Results: 19% Adjusted EBITDAR Margin

Volaris Reports First Quarter 2017 Results: 19% Adjusted EBITDAR Margin Volaris Reports First Quarter 2017 Results: 19% Adjusted EBITDAR Margin Mexico City, Mexico, April 20, 2017 Volaris* (NYSE: VLRS and BMV: VOLAR), the ultra-low-cost airline serving Mexico, the United States

More information

Spirit Airlines Reports Third Quarter 2015 Pre-Tax Margin of 26.9 Percent

Spirit Airlines Reports Third Quarter 2015 Pre-Tax Margin of 26.9 Percent October 27, 2015 Spirit Airlines Reports Third Quarter 2015 Pre-Tax Margin of 26.9 Percent MIRAMAR, Fla., Oct. 27, 2015 (GLOBE NEWSWIRE) -- Spirit Airlines, Inc. (NASDAQ:SAVE) today reported third quarter

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

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 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

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

SKYWEST, INC. ANNOUNCES THIRD QUARTER 2012 RESULTS

SKYWEST, INC. ANNOUNCES THIRD QUARTER 2012 RESULTS NEWS RELEASE For Further Information Contact: Michael J. Kraupp Chief Financial Officer and Treasurer Telephone: (435) 634-3212 Fax: (435) 634-3205 FOR IMMEDIATE RELEASE: November 7, 2012 SKYWEST, INC.

More information

Q3 Fiscal 2018 Statistics

Q3 Fiscal 2018 Statistics Q3 Fiscal 2018 Statistics FedEx Corporation Financial and Operating Statistics Third Quarter Fiscal 2018 March 20, 2018 This report is a statistical supplement to FedEx s interim financial reports and

More information

El Al Israel Airlines announced today its financial results for the year 2016 and the fourth quarter of the year:

El Al Israel Airlines announced today its financial results for the year 2016 and the fourth quarter of the year: El Al Israel Airlines announced today its financial results for the year 2016 and the fourth quarter of the year: The Company's revenues in 2016 amounted to approx. USD 2,038 million, compared to approx.

More information

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

Q4 Fiscal 2017 Statistics

Q4 Fiscal 2017 Statistics Q4 Fiscal 2017 Statistics FedEx Corporation Financial and Operating Statistics Fourth Quarter Fiscal 2017 July 17, 2017 This report is a statistical supplement to FedEx s interim financial reports and

More information

Enhancing air travel options through a strong focus on profitability and innovation. 3 rd Quarter 2018 Earnings Release Grupo Viva Aerobus

Enhancing air travel options through a strong focus on profitability and innovation. 3 rd Quarter 2018 Earnings Release Grupo Viva Aerobus 3 rd Quarter 2018 Earnings Release Grupo Viva Aerobus Enhancing air travel options through a strong focus on profitability and innovation 1 VIVA AEROBUS REPORTS GROWTH OF 25.8% IN TOTAL REVENUE & 20.5%

More information

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

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

More information

First Quarter 2013 Results

First Quarter 2013 Results Contacts: Ricardo Sánchez Baker CFO rsbaker@aeromexico.com.mx Carlos Doormann SVP Financial Analysis cdoormann@aeromexico.com.mx First Quarter 2013 Results April 23, 2013 Luz Montemayor lmontemayor@aeromexico.com.mx

More information

SECURITIES AND EXCHANGE COMMISSION Washington, D.C Form 10-Q SKYWEST, INC.

SECURITIES AND EXCHANGE COMMISSION Washington, D.C Form 10-Q SKYWEST, INC. prorate SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2018

More information

QUARTER Management s Discussion and Analysis of Results of Operations and Financial Condition

QUARTER Management s Discussion and Analysis of Results of Operations and Financial Condition QUARTER 1 2009 Management s Discussion and Analysis of Results of Operations and Financial Condition MAY 8, 2009 TABLE OF CONTENTS 1. Highlights...1 2. Introduction...2 3. Overview...4 4. Results of Operations

More information

LATAM AIRLINES GROUP REPORTS CONSOLIDATED OPERATING INCOME OF US$175.0 MILLION FOR THIRD QUARTER 2018

LATAM AIRLINES GROUP REPORTS CONSOLIDATED OPERATING INCOME OF US$175.0 MILLION FOR THIRD QUARTER 2018 LATAM AIRLINES GROUP REPORTS CONSOLIDATED OPERATING INCOME OF US$175.0 MILLION FOR THIRD QUARTER 2018 Santiago, Chile, November 20, 2018 LATAM Airlines Group S.A. (NYSE: LTM; IPSA: LTM), the leading airline

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

Q3 Fiscal 2017 Statistics

Q3 Fiscal 2017 Statistics Q3 Fiscal 2017 Statistics FedEx Corporation Financial and Operating Statistics Third Quarter Fiscal 2017 February 28, 2017 This report is a statistical supplement to FedEx s interim financial reports and

More information

Earnings Release First Quarter 2008

Earnings Release First Quarter 2008 GOL Reports Net Revenues of R$1.6bn for 1Q08 Completes quarter with the largest passenger network in South America - Over 720 daily flights to 60 destinations São Paulo, April 30, 2008 GOL Linhas Aéreas

More information

Second Quarter Management s Discussion and Analysis of Results of Operations and Financial Condition

Second Quarter Management s Discussion and Analysis of Results of Operations and Financial Condition Second Quarter 2018 Management s Discussion and Analysis of Results of Operations and Financial Condition July 27, 2018 TABLE OF CONTENTS 1. Highlights... 1 2. Introduction and Key Assumptions... 3 3.

More information

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

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

More information

Fourth Quarter and Full Year 2012 Results

Fourth Quarter and Full Year 2012 Results Contacts: Ricardo Sánchez Baker CFO rsbaker@aeromexico.com.mx Carlos Doormann SVP Financial Analysis cdoormann@aeromexico.com.mx Investor Relations investor.relations@aeromexico.com.mx Tel. (52) (55) 9132

More information

Melco International Development Limited (Incorporated in Hong Kong with limited liability) Website : (Stock Code : 200)

Melco International Development Limited (Incorporated in Hong Kong with limited liability) Website :  (Stock Code : 200) 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

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

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

First Quarter 2008 Management s Discussion and Analysis of Results of Operations and Financial Condition

First Quarter 2008 Management s Discussion and Analysis of Results of Operations and Financial Condition of Results of Operations and Financial Condition May 8, 2008 TABLE OF CONTENTS 1. Highlights... 1 2. Introduction... 2 3. Results of Operations First Quarter 2008 versus First Quarter 2007... 4 4. Our

More information

American Airlines Group Reports Second-Quarter Profit

American Airlines Group Reports Second-Quarter Profit NEWS RELEASE American Airlines Group Reports Second-Quarter Profit 7/28/2017 FORT WORTH, Texas American Airlines Group Inc. (NASDAQ:AAL) today reported its second-quarter 2017 results, including these

More information

AIR CANADA REPORTS FULL YEAR AND FOURTH QUARTER 2010 RESULTS

AIR CANADA REPORTS FULL YEAR AND FOURTH QUARTER 2010 RESULTS AIR CANADA REPORTS FULL YEAR AND FOURTH QUARTER 2010 RESULTS Record annual EBITDAR of $1.386 billion, 104 per cent improvement Operating income improvement of $677 million Employees to receive special

More information