SECOND QUARTER RESULTS 2018

Save this PDF as:
 WORD  PNG  TXT  JPG

Size: px
Start display at page:

Download "SECOND QUARTER RESULTS 2018"

Transcription

1 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 loss was $ million pesos, compared to the operating income of $ million pesos in the 2T17, with operating margins of -6.8% and 3.2% respectively. In 2Q18, EBITDAR reflected a decrease of 24.6% from $ 1,173.9 million pesos in the 2Q17, compared to $ million pesos in the same period of 2Q18, with EBITDAR margins of 22.3% and 15.3%, respectively. INTERJET recorded a net loss of $ million pesos in the 2Q18, compared to a net income of $ million pesos in the same period of 2017, with margins of -2.45% and 2.15%, respectively. 2Q= Second 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 second quarter of 2018 vs

3

4 Market environment INTERJET operated during the 2Q18 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 9.3% during the months of April to June of 2018 over the same period of the previous year. The volume of passengers in the domestic market increased 8.6%, while the international market volume grew 11.7%. Slight economic growth. During the 2Q18 the Mexican economy showed a recovery in the pace of economic growth. The General Indicator of Economic Activity (IGAE) in June 2018 grew 1.3% compared to the same period of Increase in fuel prices in pesos. During the period April - June 2018 the weighted average price of fuel per liter paid by INTERJET increased by 52.36% when compared to the same period in 2017, reaching a weighted average price per liter of $ in the 2Q18, compared to $ 8.08 weighted average per liter in 2Q17. Depreciation of the average exchange rate. The closing exchange rate for the quarter reflected an appreciation of the peso compared to the US dollar of 4.5% compared to the same period of 2017, going from $ pesos per US dollar at 2Q17 to $ pesos per US dollar at 2Q18.

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 2Q18 INTERJET total revenue increased 9.6% from $ 5,274.4 million pesos in the 2Q17 to $ 5,781.9 million pesos in the 2Q18. This increase was mainly due to a growth in passengers. Passenger revenue increased 19.3%, from $ 4,583.8 million pesos in the 2Q17 to $ 5,466.4 million pesos in the 2Q18, mainly due to a higher volume of transported passengers, given the airline's international expansion, however the seasonality of the Holy and Easter week, sales were reflected in March 2018, and in 2017, those sales were reflected in the month of April; the increased revenue also reflected the reclassification of "ancillaries" commented in the following paragraph. Other income (* IFRS15 effect) decreased 54.3% from $ million pesos in 2Q17 to $ million in 2Q18, 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 was partially offset by the net income of $ million pesos, from the sale of 2 aircraft realized this quarter, under the Sale & Lease Back scheme. The seats supply (ASK's) increased by 15.0% in the 2Q18 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 2Q18 the Company operated 84 aircrafts, 22 SSJ100, 50 A320 s (3 NEO s) and 12

6 A321 s (6 NEO s), compared to 70 aircrafts in the 2Q18 (22 SSJ100, 48 A320 s and 3 A321 s). Operating expenses Operating expenses increased 21.0% from $ 5,105.3 million pesos in the 2Q17 to $ 6,177.3 million pesos in the 2Q18. 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. These expenses were partially offset by the Company s estimate of the contractual recovery of amounts related to maintenance costs of the SSJ100 fleet. The unit cost per ASK in pesos (CASK) in 2Q18 increased 5.2% in relation to 2Q17, mainly due to the pressure in the price of fuel, the depreciation of the exchange rate parity and the inflation reflected in expenses in unit costs of services. The CASK excluding fuel decreased 11.3%. Fuel expenses on the 2Q18 increased by 73.6% from $ 1,349.6 million pesos in 2Q17 to $ 2,343.5 million pesos in the same period of 2018, mainly due to a) the increase of 52.36% in the weighted average price per liter of fuel paid by the Company, reaching a weighted average price per liter of $ pesos in the 2Q18 compared to $ 8.08 pesos of 2Q17, and b) for the increase of operations, particularly in the international routes with higher flying range. Maintenance expenses increased 0.4% from $ million pesos in 2Q17 to $ million pesos in 2Q18, as a result primarily of the increase in the fleet and greater services to it. The other expenses reflect the Company's estimate of the contractual recovery of amounts related to maintenance costs of the SSJ100 fleet. The costs of airport operating and landing fees increased 23.9% from $ million pesos in 2Q17 to $ 1,027.8 million pesos in 2Q18 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.

7 Expenses for wages, salaries and crew benefits increased 21.8%, from $ million pesos in 2Q17 to $ million pesos in 2Q18, mainly due to the increase of 4.9% in number of crew employees, going from 1,833 in 2Q17 to 1,922 in the same period of 2018 and the annual union wage revision, which was affected by a higher inflation rate in the country. This increase also includes training and per travel expenses because of the additional aircrafts that were incorporated during this period. Selling and advertising expenses increased 40.6% from $ million pesos in the 2Q17 to $ in the 2Q18, 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 4.8% from $ million pesos in the 2Q17 to $ million pesos in the 2Q18 as a result of the growth in the Company's operations. Aircraft and engine rents increased 52.7% from $ million pesos in the 2Q17 to $ 1,025.8 million pesos in the 2Q18, as a result of the increase in leased fleet, including the 7 aircraft of the "Sale & Lease Back" transaction, made in 3Q17, the new transaction of SLB of 2 aircrafts realized in the 2Q18 and the effect by the depreciation of the peso against the dollar. Depreciation expenses decreased 23.4% from $ million pesos in the 2Q17 to $255.3 million pesos in the 2Q18 as a result of the sale of the 7 aircrafts occurred in 3Q17 mentioned above. EBITDAR EBITDAR decreased 24.6% from $ 1,173.9 million pesos in the 2Q17 to $ million pesos in the 2Q18. The EBITDAR margin reached 22.3% in the 2Q17 compared to the 15.3% of margin, reached during the same period of Operating Income

8 In 2Q18, the operating result went from a profit income of $ million pesos in 2Q17 to an operating loss of $ million pesos in 2Q18, with margins of 3.2% and -6.8%, respectively. This was mainly due to the increases in costs and expenses mentioned above. Comprehensive financing cost Comprehensive financing cost increased 153.9%, from a cost of $ 47.8 million pesos in 2Q17 to a cost of $ million in 2Q18, as a result of adverse foreign exchange results based on a higher passive financial position in foreign currency, partially offset by, lower interest expenses, due to the prepayment of financial liabilities, as well as, higher interest income received. Net Income INTERJET reflected a net loss of $ million pesos in 2Q18, 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 June, 2018, the Company had $ 1,359.7 million pesos in cash and cash equivalents. The net cash generated by operating activities in 2Q18 amounted $ million pesos. The net cash generated in investment activities of $ 79.9 million pesos, mainly reflects both the sale of the 2 aircraft under the SLB scheme, and the respective recovery of maintenance reserves. Net cash used in financing activities of $ million pesos, reflects the amortization of debt for the period and the payment of interest. Investor Relations Contact: Raul Lopez/CFO/+52 (55)

9

10

11

12

13 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.

THIRD QUARTER RESULTS 2018

THIRD QUARTER RESULTS 2018 THIRD QUARTER RESULTS 2018 KEY RESULTS In the 3Q18 Interjet total revenues added $ 6,244.8 million pesos that represented an increase of 7.0% over the revenue generated in the 3Q17. In the 3Q18, operating

More information

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

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

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

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

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

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

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

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

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

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

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

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 $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

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

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

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

Copa Holdings Reports Fourth Quarter and Full Year 2007 Results

Copa Holdings Reports Fourth Quarter and Full Year 2007 Results Copa Holdings Reports Fourth Quarter and Full Year 2007 Results Panama City, Panama --- February 21, 2008. Copa Holdings, S.A. (NYSE: CPA), parent company of Copa Airlines and Aero Republica, today announced

More information

CONTACT: Investor Relations Corporate Communications

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

More information

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

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

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 and Full Year 2009 Results Presentation January 27, 2010

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

More information

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

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

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

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

Vueling improves its result in 4 points for the first quarter 2009

Vueling improves its result in 4 points for the first quarter 2009 Vueling improves its result in 4 points for the first quarter 2009 Improvement in costs was the most important factor for the improvement in EBIT margin Synergies in revenue due to the merger offset the

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

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

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

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

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

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

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

OPERATING AND FINANCIAL HIGHLIGHTS

OPERATING AND FINANCIAL HIGHLIGHTS Copa Holdings Reports Net Income of US$32.0 Million and EPS of US$0.72 for the Second Quarter of 2012 Excluding special items, adjusted net income came in at $58.6 million, or EPS of $1.32 per share Panama

More information

OPERATING AND FINANCIAL HIGHLIGHTS

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

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

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

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

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

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

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

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

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

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

--- Disclosure A uirements) A~ulatlons October 24, 2018 IGAUSECT / /1 0

--- Disclosure A uirements) A~ulatlons October 24, 2018 IGAUSECT / /1 0 October 24, 2018 IGAUSECT /1 0-1 8/1 0 To National Stock Exchange of India limited Exchange Plaza, C - 1, Block G Sandra Kurla Complex Sandra - (E) Mumbai - 400 051 Symbol: INDIGO To Department of Corporate

More information

Financial Review. Changing the Game

Financial Review. Changing the Game Financial Review Changing the Game 1 $7,238 +8.1% Revenue (1) $ Millions $7,824 $10,095 30-Sep-05 30-Sep-06 12 Months Ended Sept. 9 months ended 30, 2006 2 8.1% revenue growth achieved with only 3.8% ASM

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

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

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

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

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

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

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

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

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

Adjusted net income of $115 million versus an adjusted net loss of $7 million in the second quarter of 2012, an improvement of $122 million

Adjusted net income of $115 million versus an adjusted net loss of $7 million in the second quarter of 2012, an improvement of $122 million Air Canada Reports Record Second Quarter 2013 Results Highest Adjusted Net Income, Operating Income and EBITDAR Results for Second Quarter in Air Canada s History Adjusted net income of $115 million versus

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

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

Joshua Koshy, Executive Vice President & CFO. Changing the Game

Joshua Koshy, Executive Vice President & CFO. Changing the Game Joshua Koshy, Executive Vice President & CFO Changing the Game Changing the Game Canada s #1 domestic, trans-border and international airline Strong brand recognition Innovative revenue model driving customer

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

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

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

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

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

Scotia Capital Transportation & Aerospace Conference. June 5, 2007

Scotia Capital Transportation & Aerospace Conference. June 5, 2007 Scotia Capital Transportation & Aerospace Conference June 5, 2007 1 2 Changing the Game Changing the Game Canada s #1 domestic, trans-border and international airline Strong brand recognition Innovative

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

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

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

More information

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

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

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

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

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

Investor Update Issue Date: April 9, 2018

Investor Update Issue Date: April 9, 2018 Investor Update Issue Date: April 9, 2018 This investor update provides guidance and certain forward-looking statements about United Continental Holdings, Inc. (the Company or UAL ). The information in

More information

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

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

More information

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

Third Quarter Management s Discussion and Analysis of Results of Operations and Financial Condition Third Quarter 2017 Management s Discussion and Analysis of Results of Operations and Financial Condition October 25, 2017 TABLE OF CONTENTS 1. Highlights... 3 2. Introduction and Key Assumptions... 5 3.

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

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

Investor Relations Update January 25, 2018

Investor Relations Update January 25, 2018 General Overview Investor Relations Update Accounting Changes On January 1, 2018, the company adopted two new Accounting Standard Updates: (ASUs): ASU 2014-9: Revenue from Contracts with Customers (the

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

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 2017 Management s Discussion and Analysis of Results of Operations and Financial Condition August 1, 2017 TABLE OF CONTENTS 1. Highlights... 3 2. Introduction and Key Assumptions... 5 3.

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

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

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

Fourth Quarter & FY 2008 Results Presentation January 28, 2008

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

More information

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

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

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

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

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

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

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

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

More information

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

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