MRO business segment. Worldwide leading provider of maintenance, repair and overhaul services. Share of Group revenue 8.

Size: px
Start display at page:

Download "MRO business segment. Worldwide leading provider of maintenance, repair and overhaul services. Share of Group revenue 8."

Transcription

1 MRO business segment Lufthansa Technik is the world s leading MRO provider. It delivers continuously high earning contributions to the Lufthansa Group. With its modern portfolio Lufthansa Technik participates in market growth. Despite adverse factors last year s operating result was nearly matched. Cost and efficiency management are being applied systematically. Lufthansa Technik prepared for the new aircraft models in good time. Share of Group revenue 8.0% Key figures MRO Change in % Worldwide leading provider of maintenance, repair and overhaul services Revenue m 4,093 4, of which with companies of the Lufthansa Group m 1,788 1, Operating result m Adjusted operating margin % pts Segment result m EBITDA* m CVA m Segment capital expenditure m Employees as of number 19,975 20, Average number of employees number 19,822 20, * Before profit / loss transfer from other companies. 84 Lufthansa Annual Report 2011

2 4.1 bn Revenue 257 m Operating result

3 Business and strategy Leading MRO provider Lufthansa Technik is the world s leading independent provider of maintenance, repair and overhaul services (MRO) for civil commercial aircraft. The MRO group includes 32 technical maintenance operators worldwide. The company also holds direct and indirect stakes in 54 companies. Lufthansa Technik s service range is delivered by six divisions: maintenance, aircraft overhaul, engines, components, landing gears as well as completion and servicing for VIP aircraft. The portfolio consists of a variety of different product structures and combinations from the repair of individual components to the fully integrated supply of entire fleets. These Total Support service packages guarantee the customer a full service range, right through to complete fleet management, and are the company s most popular products. Lufthansa Technik also develops products and services for new aircraft types, which enable airlines to put them into service in scheduled flight operations. Following the successful launch of various technical services for the Airbus A380, for instance maintenance and component support, the company was also able to sign some major contracts for inspections and completions of the new aircraft models Boeing 787 and 747-8i in Lufthansa Technik product portfolio Special Total Support Single Manufactured Products Lufthansa Technik s registered offices and primary location are in Hamburg. The local maintenance site is made up of aircraft overhaul, completion of VIP aircraft, engine and component maintenance and the logistics centre, as well as development and manufacturing facilities. The largest maintenance stations are located in Frankfurt and Munich, with other stations at all larger airports in Germany and at some 50 other sites around the world. In Germany, the com pany s market presence is being strengthened by the construction currently underway of a new aircraft maintenance hangar at the future Berlin-Brandenburg International airport. Lufthansa Technik also has an international network, which it uses to provide direct services to customers at their local bases. The expansion of its MRO group is also intended to reinforce its presence in growth markets such as Asia and South America and to improve its competitiveness by establishing and developing low-cost locations. In 2011 Lufthansa Technik therefore decided to expand the sites in Bulgaria (Lufthansa Technik Sofia) and in the Philippines (Lufthansa Technik Philippines). Numerous new products launched In the reporting year Lufthansa Technik worked hard to prepare for the introduction of new aircraft models. The company was able to win Japan Airlines as its first customer for component maintenance for the Boeing 787. Furthermore, preparations are underway for introducing maintenance of the Boeing 747-8i at Lufthansa Passenger Airlines. From 2012 onwards it will also be able to carry out VIP completions on the Boeing 747-8i. Two important contracts have already been signed for these services in The introduction of many new wide-bodied aircraft means that demand for the completion of VIP aircraft is rising sharply, so that Lufthansa Technik has decided to extend its capacities in this area. Innovative new products are also being developed that will make it possible to reduce the weight of the aircraft and thereby increase their productivity. The launch of the Cyclean Engine Wash product has already successfully enabled fuel consumption to be reduced. Markets and competition Further growth in the MRO market The recovery of global air traffic that initially continued in the first half of the year caused demand for technical MRO services to rise worldwide. The overall market for services to civilian aircraft grew year on year by around 4 per cent in Lufthansa Technik s portfolio covers some 80 per cent of this market volume. At the same time, it is particularly important for the company to be present in the markets with the highest growth rates Asia and South America and to keep expanding successfully there. With its comprehensive product portfolio and worldwide presence, Lufthansa Technik was able to defend its position as global market leader to a certain extent with a market share of 14 per cent in the financial year Lufthansa Technik s main competitors include original equipment manufacturers (OEMs) such as Airbus, GE and Rockwell Collins, the MRO operations of other airlines like Air France-KLM, and independent suppliers (e.g. ST AERO, SR Technics). The OEMs in particular are moving into the MRO market, as well as an increasing number of smaller independent companies that concentrate on supplying components and engines, and purchase repair 86 Lufthansa Annual Report 2011

4 To our shareholders Management report Consolidated financial statements Further information MRO Main Lufthansa Technik locations* North America Lufthansa Technik Component Hawker Pacific Aerospace HEICO Aerospace AirLiance Materials BizJet International Europe (outside Germany) Lufthansa Technik Airmotive Ireland Lufthansa Technik Brussels Lufthansa Technik Budapest Lufthansa Technik Landing Gear UK Lufthansa Technik Malta Lufthansa Technik Milan Lufthansa Technik Sofia Lufthansa Technik Switzerland Lufthansa Technik Turbine Shannon Lufthansa Technik Vostok Shannon Aerospace Spairliners Germany Lufthansa Technik AG Headquarters Lufthansa Technik AERO Alzey Lufthansa Technik Intercoat Lufthansa Technik Logistik Lufthansa Technik Maintenance Intl. Lufthansa Technical Training Lufthansa LEOS Lufthansa Bombardier Aviation N3 Engine Overhaul IDAIR Asia Lufthansa Technik Philippines Lufthansa Technik Shenzhen Lufthansa Technik India Ameco Beijing Airfoil Australia LTQ Engineering * Including affiliated companies and equity investments. services as required. This capital-intensive production model enables a rapid market entry and results in new competitors. Altogether, these trends are leading to a much greater supply of MRO services, which increases pricing pressure and competition for new contracts. Lufthansa Technik will continue to highlight its differentiating features, such as quality, turnaround time and punctuality, to develop innovative new products and to optimise its group management and cost base. This is the background to ESP@LHT, the programme to safeguard earnings and secure competitiveness at Lufthansa Technik that was launched in June. The programme covers both cost-cutting and sales activities to stabilise the earnings situation. Sales and customers Greater involvement in Asia Lufthansa Technik has over 770 customers around the world, mostly airlines and aircraft leasing companies, but also operators of VIP jets and public-sector clients. The company s main sales market is still Europe, including the CIS states; the region accounted for around 70 per cent of revenue in For America the share was 10 per cent. The political unrest in the Middle East and North Africa caused the share of revenue from this region to fall sharply to 7 per cent. Asia accounted for 13 per cent. Thanks to a large number of new contracts this percentage is set to keep rising in the years ahead. Greater involvement in the region, including the expansion of Lufthansa Technik Shenzhen and the construction of a material depot in Singapore, is intended to ensure that Lufthansa Technik gets its fair share of growth in the Asian MRO market. Lufthansa Technik distributes the majority of its products and services via a centralised sales organisation, which is present in all the main locations with regional sales offices. This is supplemented by decentralised sales activities for specific products, which in some cases have a regional focus. Key account management and customer service activities are carried out on a decentralised basis, sometimes with further regional differentiation. Lufthansa Technik stays in close touch with its customers by means of regular dialogue, a modern portal where customers can view a wide range of information and place orders, and various print media. These activities contributed to the fact that the largest and most important customers have had intensive and wide-ranging business relations with Lufthansa Technik for many years. Course of business Major components and VIP contracts signed for new aircraft models Despite incurring expenses from some long-term contracts in the reporting year, Lufthansa Technik was able to report a result nearly on par with the previous year, as early action to stabilise business was taken as part of the ESP@LHT programme, which contributed to a highly satisfactory operating performance in some areas. Altogether, the company was able to close the full year 2011 with a contract value of EUR 506m from 466 new contracts and 45 new customers. A further 70 aircraft (+ 3.4 per cent) were acquired for MRO services in 2011, taking the fleet under contract to 2,125 aircraft. A significant fall in revenue from customers in North Africa and the Middle East took the shine off this altogether positive performance, however. Lufthansa Annual Report

5 During the reporting period Lufthansa Technik handed over the second Airbus A340 and four Bombardier Global 5000s to the Special Air Mission Wing at the German Federal Ministry of Defence. This brought the fleet renewal programme in this segment to a close. from customers in North Africa, a decline in customer business at some subsidiaries and in engines, and the adverse movement of the US dollar. In total, revenue picked up by 1.9 per cent to EUR 4.1bn. External income accounted for more than 56 per cent of total revenue. The installation of the new Europa cabin has nearly been completed for the company s largest customer, Lufthansa Passenger Airlines. Other product innovations such as Business and First Class refits and FlyNet installations (internet on board) are currently implemented. Revenue MRO in m 3,571 3,717 3,963 4,018 4,093 Lufthansa Technik successfully won two large contracts for the VIP completion of Boeing 747-8i aircraft. This means that there are now firm bookings for almost all completion capacity for wide-bodied aircraft until late Alongside the component supply contract for the whole B787 fleet at Japan Airlines, the company recorded other important contract wins in Asia, such as the Total Technical Support contract with Nok Air for the maintenance and overhaul of the B737NG fleet, and Total Component Support contracts with Peach Aviation, LAN Airlines, Asiana Airlines, Aeroflot and Air New Zealand. A Total Technical Support contract was signed with Meridiana Fly for the maintenance and overhaul of the entire fleet, while Qantas Airways signed a contract for the overhaul of its A330 landing gear. Other customers, including Aegean, Ethiopian Airlines and Travel Service, renewed their engines contracts. In addition, Germanwings and Lufthansa Technik have signed a wide-ranging cooperation agreement for technical services for the entire Airbus A319 fleet, thereby extending the scope of their collaboration considerably. Lufthansa Technik Sofia reported other major contract wins in addition to the extension of maintenance and overhaul capacities at its local airport. Revenue and earnings development Slight revenue growth of 1.9 per cent Revenue from Group companies grew year on year by a total of 8.7 per cent to EUR 1.8bn, mainly thanks to enhanced modification programmes, such as the installation of the Europa cabin and the new First Class for Lufthansa Passenger Airlines, as well as new contracts with various Group companies. External revenue declined by 2.9 per cent, however, to EUR 2.3bn. Revenue growth in aircraft maintenance was more than offset by lower demand Other operating income went up by EUR 21m to EUR 232m, primarily due to exchange rate movements relating to the reporting date. The MRO segment generated total operating income of EUR 4.3bn (+ 2.3 per cent). Operating expenses up by 2.7 per cent Operating expenses went up in line with revenue by 2.7 per cent to EUR 4.1bn. Operating expenses MRO in m in m 2011 Change in % Cost of materials and services 2,123 2, of which raw materials, consumables and supplies 1,389 1, of which external services Staff costs 1,095 1, Depreciation and amortisation Other operating expenses Total operating expenses 4,068 3, This includes a 3.3 per cent higher cost of materials and external services (EUR 2.1bn), caused primarily by aircraft idle time and greater use of materials for engine maintenance. 88 Lufthansa Annual Report 2011

6 To our shareholders Management report Consolidated financial statements Further information MRO Despite higher pension provisions, staff costs were reduced slightly to EUR 1.1bn ( 0.5 per cent) in An average of 19,822 employees worked in the MRO segment in 2011, 475 fewer than in the previous year. While more than 220 employees moved from partial to full retirement, the company took on 200 temporary workers as permanent employees and welcomed around 200 young people starting their apprenticeships. Furthermore, the workforce was particularly reduced at plants, such as Lufthansa Technik Switzerland or Shannon Aerospace, that are currently carrying out or have recently concluded restructuring programmes to ensure their long-term competitiveness. Depreciation and amortisation sank year on year by EUR 4m to EUR 90m. Other operating expenses rose by 7.0 per cent to EUR 760m. Provisions for long-term contracts were the main reason for the increase. Operating result MRO in m Operating result only just short of the previous year s With an operating result of EUR 257m in 2011, Lufthansa Technik was nearly able to match its very good operating result of the previous year (EUR 268m). Other segment income fell by 11.8 per cent to EUR 30m. This was largely the result of lower write-backs of provisions. Other segment expenses were stable year on year at EUR 2m. The income from associates consolidated using the equity method was up on the previous year ( per cent) at EUR 21m, partly owing to improved earnings at HEICO, BELAC and Spairliners. The segment result for the reporting period was EUR 306m (previous year: EUR 319m) Segment capital expenditure up sharply Compared with the previous year (EUR 67m), the segment s capital expenditure soared to EUR 139m. The main investments were made to purchase reserve engines for Lufthansa Technik Airmotive Ireland Leasing and to obtain a Pratt & Whitney licence for Lufthansa Technik AERO Alzey and a Hamilton Sundstrand licence for Lufthansa Technik. Equity of EUR 7.5m was provided for Lufthansa Technik Milan, Lufthansa Technik India and the new joint venture with Panasonic IDAIR. Lufthansa Technik delivers stable, solid earnings contributions In recent years Lufthansa Technik has always been able to generate revenue growth and high operating profits, even under varying external conditions. The current profit record was set in In financial years 2010 and 2011 the MRO segment again delivered vital earnings contributions to the consolidated operating result, despite incurring substantial expenses on some long-term contracts. Forecast Revenue and earnings growth targeted Against a backdrop of growing aircraft fleets worldwide, the MRO industry is expecting medium-term growth of around 4 per cent per year. Lufthansa Technik s portfolio will grow faster than this, however, due to its focus on modern aircraft types. The rising demand is nonetheless being met by a much greater supply of services. Under these conditions, only MRO providers with a competitive cost base and a high-quality, innovative product portfolio will be able to pursue a strategy of profitable growth in future. In the short term there is a risk that deterioration of the global economy will feed through to demand for MRO services. Lufthansa Technik will maintain the strict management of costs and efficiency that is embodied in the ESP@LHT programme to safeguard earnings and intends to keep on innovating and optimising its products. The programme focusses on reducing operating and project expenses while simultaneously launching a sales offensive to drive revenue growth. The early product entry into the new aircraft models Boeing 787 and 747-8i will also contribute to a positive performance. This is also the goal of group management, which aims to expand the best sites and restructure the critical ones. Based on current economic forecasts, Lufthansa Technik is expecting a modest increase in revenue in the financial years 2012 and 2013 and a return to increasing operating results. Lufthansa Annual Report

1 st Half FY17/18 FY17/18

1 st Half FY17/18 FY17/18 SIA SIA ENGINEERING ENGINEERING COMPANY COMPANY 1 st Half Performance Performance Review Review 1 2 SIA ENGINEERING COMPANY Financial Review Financial Highlights The Group posted a net profit of $184.1M

More information

SIA ENGINEERING COMPANY 1 st Half FY17/18 Financial Review

SIA ENGINEERING COMPANY 1 st Half FY17/18 Financial Review SIA SIA ENGINEERING ENGINEERING COMPANY COMPANY 11 st st Half Half FY17/18 FY17/18 Performance Performance Review Review 1 2 SIA ENGINEERING COMPANY 1 st Half FY17/18 Financial Review 1H17/18 Financial

More information

Lufthansa Technik JIRA Merge Don t try this alone. Issue: 17. Juni 2016

Lufthansa Technik JIRA Merge Don t try this alone. Issue: 17. Juni 2016 JIRA Merge Don t try this alone Issue: 17. Juni 2016 Agenda Group: An overview JIRA@LHT JIRA Merge Fazit 2 Group: An overview Lufthansa Group The business segments Passenger Transportation The Group s

More information

Engine Fleet Management

Engine Fleet Management Engine Fleet Management A future perspective and where innovations are needed Dr. Claus Bauer, AG ISABE Conference Manchester September 2017 Agenda Engine Services: An overview Learnings from customers

More information

Thank you for participating in the financial results for fiscal 2014.

Thank you for participating in the financial results for fiscal 2014. Thank you for participating in the financial results for fiscal 2014. ANA HOLDINGS strongly believes that safety is the most important principle of our air transportation business. The expansion of slots

More information

Helloworld Travel Limited results announcement Half year ended 31 December 2017

Helloworld Travel Limited results announcement Half year ended 31 December 2017 Helloworld Travel Limited results announcement Half year ended 31 December 2017 HIGHLIGHTS FOR THE HALF YEAR ENDED 31 DECEMBER 2017 Total Transaction Value (TTV) growth of 2.7% to $2.968 billion. Earnings

More information

More mobility for the world. Subline for division or product. Overline 12pt

More mobility for the world. Subline for division or product. Overline 12pt More mobility for the world Subline for division or product Life cycle support Airbus A3 80 Overline 12pt maximum Services for two the lines A380 Headline Maintaining with maximum the flagship two lines

More information

2014 Annual Results 1

2014 Annual Results 1 1 2014 Annual Results Annual Results 2014 2013 Change HK$M HK$M Attributable profit 573 625-8.3% Revenue 11,927 7,387 +61.5% Earnings per share (HK$) 3.45 3.76-8.3% Total dividends per share (HK$) 2.10

More information

For personal use only

For personal use only HELLOWORLD TRAVEL LIMITED RESULTS ANNOUNCEMENT Highlights for the year ended 30 June 2018 Total Transaction Value (TTV) growth of 3.5% to $6.1 billion, underpinned by strong air ticket sales volume growth.

More information

Cost Pressures Build On Component MRO

Cost Pressures Build On Component MRO Lufthansa Technik New engineering solutions are one way to meet customers expectations about repair costs. MAINTENANCE, REPAIR & OVERHAUL > COMPONENTS Cost Pressures Build On Component MRO Component MRO

More information

Interim Business Report 2017

Interim Business Report 2017 April 1, 2017 through September 30, 2017 November 22, 2017 Contents SECTION 1 01 Consolidated Statement of Income 02 Factors Leading to Difference in Consolidated Ordinary Income Compared With Same Period

More information

H1 FY2015/16 Performance Review

H1 FY2015/16 Performance Review 1 H1 FY2015/16 Performance Review 2 Financial Review Summary of Group Results 1H FY1516 1H FY1516 1H FY1415 Variance $M $M % Revenue 543.3 579.3-6.2 Expenditure 495.4 542.7-8.7 Operating profit 47.9 36.6

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

SWISS posts stable first-half result

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

More information

2012 Result. Mika Vehviläinen CEO

2012 Result. Mika Vehviläinen CEO 2012 Result Mika Vehviläinen CEO 1 Agenda Market environment in Q4 Business performance and strategy execution Outlook Financials 2 Market Environment According to IATA, Global air travel continues to

More information

Bilfinger Berger: Preliminary Report on the 2004 Financial Year

Bilfinger Berger: Preliminary Report on the 2004 Financial Year Bilfinger Berger AG Carl-Reiss-Platz 1-5 68165 Mannheim Germany www.bilfingerberger.com Contact: Sascha Bamberger Phone: +49 6 21/4 59-24 55 Fax: +49 6 21/4 59-25 00 E-mail: sbam@bilfinger.de Date: February

More information

First Half 2013 Results. 16 mai 2013

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

More information

APPEAL Singapore Airlines has hit the bullseye with its new cabin offerings

APPEAL Singapore Airlines has hit the bullseye with its new cabin offerings VOL 27 MAY/JUNE 2018 A GBP PUBLICATION MCI(P)164/03/2018 KDN PPS2351/06/2018(086752) SINGAPORE $15, REST OF THE WORLD US$20 WAITING TO UNFOLD The Farnborough Airshow will provide an insight into the future

More information

EASYJET INTERIM MANAGEMENT STATEMENT FOR THE QUARTER ENDED 30 JUNE 2011

EASYJET INTERIM MANAGEMENT STATEMENT FOR THE QUARTER ENDED 30 JUNE 2011 22 July 2011 easyjet Interim Management Statement Page 1 of 5 22 July 2011 EASYJET INTERIM MANAGEMENT STATEMENT FOR THE QUARTER ENDED 30 JUNE 2011 Highlights (figures below are for the quarter ended 30

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

QANTAS RESULTS FOR THE YEAR ENDED 30 JUNE 2000 HIGHLIGHTS. Net profit before tax of AUD$762.8 million, up AUD$100.3 million, 15 percent on last year

QANTAS RESULTS FOR THE YEAR ENDED 30 JUNE 2000 HIGHLIGHTS. Net profit before tax of AUD$762.8 million, up AUD$100.3 million, 15 percent on last year QANTAS RESULTS FOR THE YEAR ENDED 30 JUNE 2000 HIGHLIGHTS Net profit before tax of AUD$762.8 million, up AUD$100.3 million, 15 percent on last year Net profit after tax of AUD$517.9 million, up AUD$97

More information

Air Berlin PLC AGM 06 June 2013 London

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

More information

A UNIQUE OPPORTUNITY TO MEET LEADING MRO BUYERS IN AFRICA

A UNIQUE OPPORTUNITY TO MEET LEADING MRO BUYERS IN AFRICA CO-LOCATED WITH: DATE: MONDAY, 13TH - WEDNESDAY, 15TH MARCH, 2017 VENUE: EMPERORS PALACE, JOHANNESBURG, SOUTH AFRICA MRO AFRICA 2017 AIRCRAFT MAINTENANCE, REPAIR & OVERHAUL (MRO) IN AFRICA THEME: OPTIMISING

More information

ANA Reports Record Profits for FY2012

ANA Reports Record Profits for FY2012 ANA HOLDINGS NEWS ANA Reports Record Profits for FY2012 TOKYO April 30, 2013 - ANA Holdings today reports consolidated financial for the fiscal year ended March, 2013. Financial and Operational Highlights

More information

IATA ECONOMIC BRIEFING FEBRUARY 2007

IATA ECONOMIC BRIEFING FEBRUARY 2007 IATA ECONOMIC BRIEFING FEBRUARY 27 NEW AIRCRAFT ORDERS KEY POINTS New aircraft orders remained very high in 26. The total of 1,834 new orders for Boeing and Airbus commercial planes was down slightly from

More information

Finnair Group Interim Report 1 January 31 March 2008

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

More information

MRO Market Update & Industry Trends

MRO Market Update & Industry Trends January 25-26, 2017 Cancun, Mexico Presented by: Jonathan M. Berger Vice President ICF jberger@icf.com MRO Market Update & Industry Trends 0 Today s Agenda Fleet & MRO Forecast 2016: What a long strange

More information

H1 FY2013/14 Performance Review

H1 FY2013/14 Performance Review H1 FY2013/14 Performance Review 1 H1 FY2013/14 Performance Review (Financial) 2 Summary of Group Results 1HFY1314 1HFY1213 Variance $M $M % Revenue 583.3 585.0-0.3 Expenditure 527.1 519.0 + 1.6 Operating

More information

Joe Randell President and Chief Executive Officer Jolene Mahody Executive Vice President and Chief Financial Officer

Joe Randell President and Chief Executive Officer Jolene Mahody Executive Vice President and Chief Financial Officer Joe Randell President and Chief Executive Officer Jolene Mahody Executive Vice President and Chief Financial Officer Nathalie Megann Vice President, Investor Relations and Corporate Affairs December, 2015

More information

TUI News Investor Relations

TUI News Investor Relations records very successful financial year 2013/2014 Merger with TUI Travel PLC about to be closed Significant outperformance against earnings targets in full financial year 2013/2014; earnings growth driven

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

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

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

More information

FULL YEAR OPERATING PROFIT RISES TO $259 MILLION 25 CENTS SPECIAL DIVIDEND PROPOSED OUTLOOK REMAINS CHALLENGING

FULL YEAR OPERATING PROFIT RISES TO $259 MILLION 25 CENTS SPECIAL DIVIDEND PROPOSED OUTLOOK REMAINS CHALLENGING 8 May 2014 Page 1 of 5 No. 02/14 8 May 2014 FULL YEAR OPERATING PROFIT RISES TO $259 MILLION 25 CENTS SPECIAL DIVIDEND PROPOSED OUTLOOK REMAINS CHALLENGING GROUP FINANCIAL PERFORMANCE Financial Year 2013-14

More information

FIRST QUARTER OPERATING PROFIT RISES TO $281 MILLION

FIRST QUARTER OPERATING PROFIT RISES TO $281 MILLION 27 July 2017 Page 1 of 5 No. 03/17 27 July 2017 FIRST QUARTER OPERATING PROFIT RISES TO $281 MILLION Revenue improvement seen for all SIA Group airlines, but pressure on yields remains Earnings supported

More information

Record Result. 2006/07 Full Year Results Investor Presentation. Moved on successfully following bid. Profit before tax % to $1,032 million

Record Result. 2006/07 Full Year Results Investor Presentation. Moved on successfully following bid. Profit before tax % to $1,032 million 2006/07 Full Year Results Investor Presentation August 16 2007 Record Result Moved on successfully following bid Profit before tax + 53.8% to $1,032 million Group returning above Cost of Capital 2 Key

More information

2004/05 Full Year Results Presentation to Investors

2004/05 Full Year Results Presentation to Investors Geoff Dixon Chief Executive Officer 2004/05 Full Year Results Presentation to Investors 18 August 2005 Group Highlights 12 months to June 2005 12 months to June 2004 Increase/ (decrease) % Sales and operating

More information

QANTAS ANNOUNCES PROFIT RESULT YEAR ENDED 30 JUNE 2009

QANTAS ANNOUNCES PROFIT RESULT YEAR ENDED 30 JUNE 2009 QANTAS ANNOUNCES PROFIT RESULT YEAR ENDED 30 JUNE 2009 HIGHLIGHTS Profit before tax of $181 million, in a year when the International Air Transport Association forecast US$9 billion in losses for global

More information

Second Quarter 2004 Teleconference

Second Quarter 2004 Teleconference Second quarter marginally positive despite to strong yield pressure and record high jet fuel prices MSEK, April-June 2004 Change Revenues 15 143 15 300-157 EBITDAR 1 493 1 608-115 Lease, depreciation &

More information

Finnair Group Interim Report 1 January 30 June 2008

Finnair Group Interim Report 1 January 30 June 2008 Finnair Group Interim Report 1 January 30 June 2008 1 08/08/2008 Presentation name / Author Airline industry at a historical turning point Fuel price has a stranglehold on the business Average ticket prices

More information

For personal use only

For personal use only Half Year Results Press Conference Remarks by Qantas CEO Alan Joyce 21 February 2013 Good morning. Thanks for joining us for the Qantas Group result for the six months ended 31 December 2012. The Group

More information

Global MRO Dynamics & Increasing Interest in Data Analytics Aerospace & Defense Practice Frost & Sullivan

Global MRO Dynamics & Increasing Interest in Data Analytics Aerospace & Defense Practice Frost & Sullivan Global MRO Dynamics & Increasing Interest in Data Analytics 2016 Aerospace & Defense Practice Frost & Sullivan Global MRO demand forecast A 10 year market sizing which is important to decide investment

More information

FIRST QUARTER OPERATING PROFIT IMPROVES TO $274 MILLION

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

More information

More mobility for the world. Services for the Airbus A320. Family business NEW

More mobility for the world. Services for the Airbus A320. Family business NEW More mobility for the world NEW Life cycle support Airbus A320neo Services for the Airbus A320 Family business The one-stop shop for a global family Aircraft from the A320 family amount to one-third of

More information

Media Release QANTAS RESULTS FOR THE HALF YEAR ENDED 31 DECEMBER 2004 HIGHLIGHTS. Fully franked interim dividend of 10 cents per share

Media Release QANTAS RESULTS FOR THE HALF YEAR ENDED 31 DECEMBER 2004 HIGHLIGHTS. Fully franked interim dividend of 10 cents per share Media Release QANTAS RESULTS FOR THE HALF YEAR ENDED 31 DECEMBER 2004 HIGHLIGHTS Profit before tax of $601.3 million Net profit after tax of $458.4 million Revenue of $6.4 billion Fully franked interim

More information

Balance sheets and additional ratios

Balance sheets and additional ratios Balance sheets and additional ratios amounts in millions unless otherwise stated Consolidated balance sheets Dutch guilders USD* June 30, December 31, June 30, December 31, 1997 1996 1997 1996 Fixed assets

More information

ANA HOLDINGS Announces Mid-Term Corporate Strategy for FY ~Strengthening the foundations of the business and looking into the future~

ANA HOLDINGS Announces Mid-Term Corporate Strategy for FY ~Strengthening the foundations of the business and looking into the future~ ANA HOLDINGS NEWS ANA HOLDINGS Announces Mid-Term Corporate Strategy for FY2018-2022 ~Strengthening the foundations of the business and looking into the future~ TOKYO, February 1, 2018 ANA HOLDINGS (hereinafter

More information

Managing through disruption

Managing through disruption 28 July 2016 Third quarter results for the three months ended 30 June 2016 Managing through disruption 3 months ended Like-for-like (ii) m (unless otherwise stated) Change 30 June 2016 30 June 2015 change

More information

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

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

More information

Air China Limited Announces 2010 Annual Results

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

More information

THIRD QUARTER OPERATING PROFIT UP 13% TO $330 MILLION

THIRD QUARTER OPERATING PROFIT UP 13% TO $330 MILLION 13 February 2018 Page 1 of 7 ` No. 01/18 13 February 2018 THIRD QUARTER OPERATING PROFIT UP 13% TO $330 MILLION Higher carriage and load factors for all passenger airlines Strong earnings for SIA Cargo

More information

Filton Acquisition & A350 Contract Win

Filton Acquisition & A350 Contract Win Filton Acquisition & A350 Contract Win September 2008 Filton Transaction highlights Strategic rationale compelling Long term strategic supplier relationship with Airbus Secures A350 contracts in wing composites

More information

Finnair Group Interim Report 1 January 30 September 2008

Finnair Group Interim Report 1 January 30 September 2008 Finnair Group Interim Report 1 January 30 September 2008 1 31/10/2008 Presentation name / Author Airline industry at a historical turning point Expensive fuel price in the beginning of 2008 has dramatical

More information

For personal use only

For personal use only ASX and Media Release QANTAS DELIVERS RECORD FIRST HALF PROFIT, INVESTS IN AIRCRAFT AND TRAINING Sydney, 22 February 2018 Underlying Profit Before Tax: $976 million (up 15%) Record results for Qantas Domestic,

More information

Speech for the AGM. Air Berlin PLC

Speech for the AGM. Air Berlin PLC Speech for the AGM Air Berlin PLC (6 th June 2013) Wolfgang Prock-Schauer The spoken word shall prevail. 1 I d like to wish you all a warm welcome to our AGM. Before I start to talk about the past year

More information

SWISS posts CHF 187 million EBIT for the third-quarter period

SWISS posts CHF 187 million EBIT for the third-quarter period Media release Zurich Airport, 29 October 2015 Nine-month financial results SWISS posts CHF 187 million EBIT for the third-quarter period SWISS achieved earnings before interest and taxes (EBIT) of CHF

More information

JAL Group Announces its FY Medium-Term Business Plan

JAL Group Announces its FY Medium-Term Business Plan JAL Group Announces its FY2006-2010 Medium-Term Business Plan -Mobilize the Group s Strengths to Regain Trust - Tokyo, Thursday March 2, 2006: The JAL Group today announced its medium-term business plan

More information

JAL Group Announces FY Medium Term Revival Plan

JAL Group Announces FY Medium Term Revival Plan JAL Group Announces FY2007-2010 Medium Term Revival Plan - Strengthening safety, focusing on customers, rebuilding the business foundation and realizing stable profits- Tokyo, February 6, 2007: The JAL

More information

SWISS sees operating profit fall to CHF 212 million; Airbus A340s to be replaced with Boeing B ERs

SWISS sees operating profit fall to CHF 212 million; Airbus A340s to be replaced with Boeing B ERs Media release Zurich Airport, 14 March 2013 2012 financial results; long-haul fleet renewal from 2016 SWISS sees operating profit fall to CHF 212 million; Airbus A340s to be replaced with Boeing B777-300ERs

More information

Analysts and Investors conference call. Q results. 15 May 2013

Analysts and Investors conference call. Q results. 15 May 2013 Analysts and Investors conference call Q1 2013 results 15 May 2013 Management summary Key messages of Q1 2013 +6% +9% +3.3%p. Q1 2013 operational KPIs are in line with 109.7 116.2 6.5 7.1 82.3 85.6 expectations,

More information

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

Schiphol Group. Annual Report

Schiphol Group. Annual Report Schiphol Group Annual Report 2013 Business model Business model Schiphol Group distinguishes four core activities: Aviation, Consumer Products and Services, Real Estate, and Alliances and Participations.

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

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

Information meeting. 12 September 2011

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

More information

Company Presentation Flughafen Wien AG

Company Presentation Flughafen Wien AG Company Presentation Flughafen Wien AG Results for 2010 March/April 2011 2010 At a glance Total revenue: EBITDA: Net profit : after non-controlling interests Passengers: (European average of +4.2%*) EUR

More information

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

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

More information

Analyst and Investor Conference Call Q Ulrik Svensson, CFO and Member of the Executive Board

Analyst and Investor Conference Call Q Ulrik Svensson, CFO and Member of the Executive Board Analyst and Investor Conference Call Q2 2017 Ulrik Svensson, CFO and Member of the Executive Board Frankfurt, 2 August 2017 Disclaimer The information herein is based on publicly available information.

More information

QANTAS HALF YEAR 2015 FINANCIAL RESULTS 1

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

More information

Growth in annual revenue up 2.7% like-for-like and 1.5% as reported, with sustained business in emerging markets

Growth in annual revenue up 2.7% like-for-like and 1.5% as reported, with sustained business in emerging markets Press Release Paris January 17, 2013 Growth in 2012 revenue, supported by the transformation of the business model *** Another year of record development, with the opening of more than 38,000 rooms Rapid

More information

More information at

More information at Report Information More information at https://www.htfmarketreport.com/reports/1266534 Global Flight Control Computer Market Research Report 2018 Report Code: HTF1266534 Pages: 91 Price: 1-User PDF : $

More information

2003/04 Full Year Results Presentation to Investors

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

More information

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

BUSINESS REVIEW. OE revenue 47% Services revenue 53% Large engines 63% Small & medium 37%

BUSINESS REVIEW. OE revenue 47% Services revenue 53% Large engines 63% Small & medium 37% Strategic Report / Chief Executive s review Business review BUSINESS REVIEW Summary The Civil Aerospace business is a major manufacturer of aero engines for the commercial large aircraft and corporate

More information

Cathay Pacific is committed to building its network and connectivity and so to strengthen Hong Kong s position as a major aviation hub.

Cathay Pacific is committed to building its network and connectivity and so to strengthen Hong Kong s position as a major aviation hub. Connecting Worlds together 26 Swire Pacific Annual Report 2010 Cathay Pacific is committed to building its network and connectivity and so to strengthen Hong Kong s position as a major aviation hub. Swire

More information

Maintaining the dream

Maintaining the dream More mobility for the world Life cycle support Services for the Boeing 787 Maintaining the dream Bo eing 78 7 Keeping the future flying The Dreamliner is not a dream anymore, it s a flying reality. With

More information

JUNE 2016 GLOBAL SUMMARY

JUNE 2016 GLOBAL SUMMARY JUNE 2016 GLOBAL SUMMARY FAST FACTS The world of air transport, 2014 All figures are for 2014, unless otherwise stated, to give a single set of data for one year. Where available, the latest figures are

More information

News Release. LANXESS: 2013 to remain challenging

News Release. LANXESS: 2013 to remain challenging LANXESS: 2013 to remain challenging Q2 sales EUR 2.1 billion, down 12 percent Q2 EBITDA pre exceptionals EUR 198 million, down 45 percent Q2 net income EUR 9 million, down 95 percent Outlook for 2013:

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

AEROSPACE & ELECTRONICS BRENDAN CURRAN PRESIDENT

AEROSPACE & ELECTRONICS BRENDAN CURRAN PRESIDENT AEROSPACE & ELECTRONICS BRENDAN CURRAN PRESIDENT Aerospace & Electronics Overview and Results Market Outlook Technological Differentiation and Growth Summary 2 Crane Aerospace & Electronics Industry Leader

More information

AIR CANADA REPORTS THIRD QUARTER RESULTS

AIR CANADA REPORTS THIRD QUARTER RESULTS AIR CANADA REPORTS THIRD QUARTER RESULTS THIRD QUARTER OVERVIEW Operating income of $112 million compared to operating income of $351 million in the third quarter of 2007. Fuel expense increased 49 per

More information

Maintaining a success

Maintaining a success More mobility for the world NEW Life cycle support Boeing 737 M AX Services for the Boeing 737 Maintaining a success Maximum support for the 737 The Boeing 737 is the the perfect example of how Lufthansa

More information

HIGH FUEL PRICES DRIVE HALF YEAR PROFIT DOWN 62% AMIDST CHALLENGING ENVIRONMENT

HIGH FUEL PRICES DRIVE HALF YEAR PROFIT DOWN 62% AMIDST CHALLENGING ENVIRONMENT 3 November 2011 Page 1 of 4 No. 06/11 03 November 2011 HIGH FUEL PRICES DRIVE HALF YEAR PROFIT DOWN 62% AMIDST CHALLENGING ENVIRONMENT GROUP FINANCIAL PERFORMANCE First Half 2011-12 The Group made a net

More information

-1- Company Presentation Flughafen Wien AG Results 2007

-1- Company Presentation Flughafen Wien AG Results 2007 -1- Company Presentation Flughafen Wien AG Results 2007 March 2008 -2- Content 1. Highlights 2007 2. Financial Results 2007 and Investments 3. Results by Segment 4. Traffic Results 5. Strategy 6. International

More information

Information meeting. September 2011

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

More information

QANTAS RESULTS FOR THE HALF YEAR ENDED 31 DECEMBER 2005 HIGHLIGHTS

QANTAS RESULTS FOR THE HALF YEAR ENDED 31 DECEMBER 2005 HIGHLIGHTS Media Release QANTAS RESULTS FOR THE HALF YEAR ENDED 31 DECEMBER 2005 HIGHLIGHTS Profit before tax of $483.5 million Net profit after tax of $352.6 million Revenue of $6.8 billion Interim dividend of 11

More information

TRAFFIC GROWS BY 35%, PROFITS INCREASE BY 44% TO 104.5M

TRAFFIC GROWS BY 35%, PROFITS INCREASE BY 44% TO 104.5M TRAFFIC GROWS BY 35%, PROFITS INCREASE BY 44% TO 104.5M Ryanair, Europe s largest low fares airline today (25 June 2001) announced a strong set of results for the year end March, 2001. Traffic for the

More information

Air Transport Industry

Air Transport Industry Air Transport Industry Structure, Economics, Operations Northwestern University Transportation Center April 28, 2016 Peter L. Smith Context The Presenter BA Harvard, MST Northwestern, MBA Foster School

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

A UNIQUE OPPORTUNITY TO MEET LEADING MRO BUYERS IN AFRICA

A UNIQUE OPPORTUNITY TO MEET LEADING MRO BUYERS IN AFRICA INCORPORATING DATE: MONDAY, 13 TH WEDNESDAY, 15 TH MARCH, 2017 VENUE: EMPERORS PALACE, JOHANNESBURG, SOUTH AFRICA MRO AFRICA 2017 AIRCRAFT MAINTENANCE, REPAIR & OVERHAUL (MRO) IN AFRICA THEME: OPTIMISING

More information

$131 MILLION OPERATING PROFIT IN THIRD QUARTER AMID CHALLENGING ENVIRONMENT

$131 MILLION OPERATING PROFIT IN THIRD QUARTER AMID CHALLENGING ENVIRONMENT 7 February 2013 Page 1 of 3 No. 01/13 07 February 2013 $131 MILLION OPERATING PROFIT IN THIRD QUARTER AMID CHALLENGING ENVIRONMENT GROUP FINANCIAL PERFORMANCE Third Quarter 2012-13 The SIA Group recorded

More information

AUDITED GROUP RESULTS AND CASH DIVIDEND FOR THE YEAR ENDED 30 JUNE 2014

AUDITED GROUP RESULTS AND CASH DIVIDEND FOR THE YEAR ENDED 30 JUNE 2014 Comair Limited (Incorporated in the Republic of South Africa) Reg. No. 1967/006783/06 ISIN Code: ZAE000029823 Share Code: COM ( Comair or the Group ) AUDITED GROUP RESULTS AND CASH DIVIDEND FOR THE YEAR

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

Air China Limited Interim Results. August Under IFRS

Air China Limited Interim Results. August Under IFRS Air China Limited 21 Interim Results Under IFRS August 21 1 Agenda 21 Interim Results Overview Business Overview Financial Overview Outlook 2 2 2 21 Interim Results 3 21 Interim Results Overview 4 4 4

More information

Air China Limited Announces 2009 Annual Results

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

More information

RYANAIR ANNOUNCES RECORD Q1 PROFIT INCREASE

RYANAIR ANNOUNCES RECORD Q1 PROFIT INCREASE RYANAIR ANNOUNCES RECORD Q1 PROFIT INCREASE Ryanair, Europe s largest low fares airline today (Tuesday, 6 Aug 2002) announced its biggest increase in Q1 profits (end 30 Jun 02). Passenger traffic during

More information

QANTAS DELIVERS STRONG FIRST HALF RESULT DESPITE HIGHER FUEL BILL

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

More information

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

UBS Transport Conference September 15 th Jean-Cyril Spinetta

UBS Transport Conference September 15 th Jean-Cyril Spinetta UBS Transport Conference September 15 th 2008 Jean-Cyril Spinetta Air France-KLM key operating data Fiscal year 2007-08 The number one airline worldwide in terms of revenues* and number one in Europe in

More information

Building procurement capability through transformation. Jane Harley, Chief Procurement Officer Qantas Group

Building procurement capability through transformation. Jane Harley, Chief Procurement Officer Qantas Group Building procurement capability through transformation Jane Harley, Chief Procurement Officer Qantas Group SECTION TITLE HERE Heading here Group multi-brand structure Australia & New Zealand Singapore

More information

AIR FRANCE-KLM RESULTS PRESENTATION

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

More information