Air Berlin PLC Munich, 25. September 2012 Baader Investment Conference
|
|
- Jonah Ward
- 5 years ago
- Views:
Transcription
1 Air Berlin PLC Munich, 25. September 2012 Baader Investment Conference
2 Management summary Successful operating development in the first half 2012 Shape & Size has accounted to the operational improvement with more than EUR 100 m Positive revenue development with an increased seat load factor by 1.9%-points and yield improvement by 8.7% compared to H1/2011 Cancellation of routes and capacity reduction have positively contributed to the operating result in H1/2011 The severe fuel price increase could particularly be compensated by cost reduction measures out of Shape & Size Operating result improved by 19% compared to H1/2011 2
3 Key highlights H Total revenue development Yield Seat load factor +8.4% +3.6% % % %p R/ASK [EUR ct.] Revenue/Pax [EUR] Revenue/RPK [EUR ct] Yield [EUR] SLF [%] Cost 1) per ASK incl. & excl. fuel Operational KPIs +5% +1.4% % % C/ASK incl fuel [EUR ct] C/ASK excl fuel [EUR ct] a/c utilization Fuel burn/100 ASK [ltr.] 1) Cost on EBIT level 3
4 Financial Performance [EUR m] H Revenue EBITDAR EBIT Net result Good revenue performance especially in Q1 delivered good H1 rolling increase despite capacity reduction Revenue increase and cost control helped to offset fuel price increase (EUR 70 m) and still achieve higher EBITDAR EBIT increase in line with EBITDAR development Higher non cash financial result increased net loss +2.7% 1, ,948.1 H1/11 H1/ % % -2.9%
5 EBIT development: H to H incl. view Shape & Size [EUR m] Revenue Effects Cost Effects EBIT ACT 2011 Routes cxl Top Line Revenue Price Revenue Capacity Revenue SLF Costs Network MRO Fuel Other Expenses EBIT ACT 2012 Shape & Size = EUR m over four clusters Revenue Price = +9.9% Capacity = k seats (-6,7%) whilst pax reduced by 725k (-4.4%); seat load factor +1.9pP Fuel = Fuel Price/metric tonne = $1,077 (2011: $916 -> +$161; +17,6%); USD/EUR (+1.7%) 5
6 Cost of aircraft ownership H Fleet development [number of aircraft] Net cost of leases & depreciation [EUR m] % % Effective dollar rate [EUR/USD] % Q2/11 Q2/12 H1/11 H1/12 H1/11 H1/12 A320 family A330 family B737 family E190 Q400 6
7 airberlin offers significant advantages to their guests Network of airberlin, Etihad Airways and oneworld NETWORK Brand for business and leisure travelers Attractive mix of leisure and business destinations Three major hubs in Germany/Austria with access to America and through the hub in Abu Dhabi to Asia, India and Australia Huge variety of distribution channels (online, travel agencies, TOPs, GDS) COST Competitive cost structure GUEST SERVICE Unique combination of attractive prices and full service Business class product on long-haul services Worldwide lounge access FREQUENT FLYER PROGRAM Integration Etihad Airways and in oneworld with full compatibility 7
8 Customer Service Etihad Airways and oneworld allow airberlin further strategic development towards a full service airline airberlin strategic development transformation process HYBRID CARRIER FULL SERVICE AIRLINE BUSINESS LOW COST LEISURE Stand-alone airline (cooperation with NIKI) 135 destinations (mainly Europe) Global network (from America to Asia) alliance member Global positioned frequent flyer program (topbonus) Full service airline (lounge, priorities, etc.) Timeline 8
9 Global Growth Opportunities for the Airline Industry Going Forward Europe North America +3.2% +3.6% +4.4% +5.4% +5.8% Asia/Pacific +5.1% +4.6% Africa +6.0% Middle East +6.6% +5.1% Intra Region Traffic Growth Inter Region Traffic growth +6.7% South America Source: Boeing Current Market Outlook 2011; based on RPK 9
10 Two Complementary Networks now Combined Europe covered by AB Russia North America Central America Caribbean DUS BER Northern Africa Middle East AUH India Asia/Pacific Central- & South Africa AB operated EY operated Jointly operated Australia Etihad s and airberlin s combined network strategy enables a wider network reach and market growth Source: PaxISplus of airline
11 2012 is the transition year business transformation airberlin on its journey to sharpen its profile in the scheduled business Shape & Size efficiency program Topline Network & Fleet Costs Maintenance Etihad Airways partnership Oneworld membership New revenue management system and passenger service system Introduction of fare classes Organizational structure Guest experience Measures taken to improve profitability Initiatives with short term negative impacts in H Developing new hubs and investment of new routes Enhancing the long-haul product Lounge development Frequency reduction Route cancellation Investment in staff training Migration process in booking systems Temporary higher FTE needs 11
12 With the continuous development of our partnership plus the effective usage of new systems airberlin is on the right track for the second half Update on partnerships Code-shares in place (except for bilaterally constrained markets) Abu Dhabi to Phuket flight revenue management by Etihad (70% of cap.) Joint OEM 1) negotiations Joint sales calls to TMCs 2), agents and corporates Codeshares with seven oneworld partners successfully implemented (AA, AY, BA, IB, JAL, RJ, S7) Codeshare pax volumes H1/2012 vs. H1/ % Joint marketing campaign in Germany Joint procurement of: +136% ULD 3) (7 year lease) Fuel at common stations 1) Original Equipment Manufacturer 2) Travel Management Companies 3) Unit Load Device Partner AB
13 Contribution to full year EBIT improvement more than EUR 100 m in the first half of 2012 [EUR m] H Shape & Size performance H1 H1 > 40.5 > Cost initiatives MRO 4 H1 6 Process improvement Yield & Rev. mgmt Profitability Improvement EUR 2 Network reduction & productivity H1 > 1.9 Alliances 3 > H1 H1 > 34.3 > 7.0 SHAPE & SIZE profitability improvement in H1/12 > EUR 100 m 1 Enhanced yield development 2 Codeshare effects from partnership with Etihad Airways and oneworld 3 Aircraft sourcing and improvement of network productivity 4 Strategic procurement and reduction of maintenance cost 5 Several cost measures EBIT values without effects from cost avoidance 13
14 Yield- and Revenue improvement measures 1 Yield & Ancillaries Optimize existing distribution channels and support additional opportunities, e.g. alliances Increase of yield in significant business segments Additional ancillary revenue through offering of new services to customers (e.g. piece-concept) Enhancing points of sale Increase in market share in international markets with a high airberlin presence Push principle for selected distribution channels in Offlinemarkets Systematic opening up of new customer segments, distribution and sales channels, e.g. in Spain Systems Improvement of the sales platform to increase revenue in new business segments Installation of new Revenue Mgmt System to efficiently manage availabilities & tariffs Systems as enabler for yield- and revenue improvements 14
15 Our all-encompassing cooperation with Etihad Airways opens a new world of destinations 2 Etihad Airways partnership More attractive corporate contracts due to wider network Increase passenger flows through code share Joint sales and distribution channels Joint frequent flyer program Joint network with aligning hub traffic Cabin crew training; joint simulators Joint procurement Airport sourcing 15
16 With oneworld airberlin enters into an attractive alliance 2 oneworld alliance Codesharing and interlining with partners to multiply the number of airberlin destinations offered Substantial increase of seat load factor Enhancing attractiveness by offering joint products, e.g roundthe-world tickets through linking the airberlin topbonus program to the frequent flyer programs of other partner airlines Offer seamless travel to all customers on all oneworld flights 16
17 Cut of unprofitable routes and related capacities increases efficiency & allows fleet optimization 3 Network reduction Reduction of fleet from 170 to 152 aircraft will decrease cost of aircraft ownership per block hour by more than 9% Elimination of unprofitable network elements and optimization of fleet rotation Increase of aircraft productivity by 7% Optimize cycles to reduce crew travel and unproductive working hours Focus on high frequency destinations 17
18 Capacity development Total seats [m] ASK [bn] Comments >-5% >-1.5% ASK development 2011 to 2012 [bn] long haul medium haul 17.4% 62.8% 12.3 >+6% 39.0 <-3% Sharp fleet reduction from 170 to 152 aircraft Capacity reduction in medium and short haul by Giving up unprofitable routes Alignment of aircraft utilization Focusing on high frequency Expansion in long haul by Increasing flights to Abu Dhabi Strengthening Berlin hub with flights to North America short haul 19.8% 10.8 <-7% 18
19 Topline development yield and seat load factor improvement Revenue/pax [EUR] Seat load factor [%] Revenue/ASK development [EUR ct] >+5% >+2%p. >+6.5% 78.2% Effect through alliances & partnerships Shape & Size Price SLF Ancillaries 2012 Initiatives to increase yield Increase of base fare ( Eckpreis ) to all destinations Restrictive booking class steering drive higher yields (implementation of better RMS) Increase of fuel surcharge has been established in January further increase in March Cancellation of routes helps to improve yield and seat load factor Partnerships positively impact seat load factor 19
20 In the course of 2012, increasing impact on EBIT current improvement > EUR 230 m [EUR m] Share of Total 26% 30% >60 >70 >230 >50 >50 Q1 Q2 Q3 Q Implementation Realization 20
21 Balance sheet structure [EUR m] B/S as of Dec 31, 2011 B/S as of Jun 30, ,264 2,528 Fixed assets 66% 11% Equity Fixed assets 55% 4% Equity Other current assets 24% 89% Debt Other current assets 33% 96% Debt Liquid assets 10% Liquid assets 12% Based on changes in market value from end of June to end of July additional EUR 60 m were accounted for in the adjusted view on equity EUR 320 m Balance negatively impacted by changes in market valuation Target is to achieve a better equity ratio at the end of the year 2012 Net debt target is around EUR 500 m 21
22 Dollar hedging 2012 Dollar hedging profile and FX rate development, 2012 vs Hedging profile [%] FX rate development * [USD/EUR] Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec jan Feb Mar Apr May Jun Hedging Rate 2012 (as of 07/30/2012) Hedging Rate 2011 (as of 08/12/2011) Current Hedge rate Market / Forward rate Hedge rate 2011/12 * as of 30 Jul 2012 / 12 Aug
23 Fuel hedging 2012 Fuel hedging profile and fuel price development, 2012 vs Hedging profile [%] Price 1) development * [USD/t] ,020 1, Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun 540 Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Hedging Rate 2012 (as of 07/30/2012) Hedging Rate 2011 (as of 08/12/2011) Current Hedge price Market / Forward price Hedge price 2011/12 * as of 30 Jul 2012 / 12 Aug 2011 // 1) excl. differentials 23
24 Strong earning improvement envisaged Operational performance Capacity Moderate increase in long haul business Capacity utilization and income Increasing load factor through network reduction, improved sales platform and partnerships Result Revenue Growth in revenue through yield and SLF growth expected Expenses Cost per ASK excl. fuel will be kept stable; structural cost increases will be offset through Shape & Size Result Improvement in profitability Balance sheet Target 2012 A L Balance sheet Equity and liquidity stabilized through Etihad Airways investment Equity ratio better than previous year at year end 2012 Deleveraging is the key objective for 2012; initiatives are on the way Net debt target around EUR 500 m by year end 2012 Strong earnings improvement targeted for
25 Management Board airberlin group Dr-Ing. E.h. Hartmut Mehdorn Chief Executive Officer (CEO) Wolfgang Prock- Schauer Chief Strategy & Planning Officer (CSPO) Paul Gregorowitsch Chief Commercial Officer (CCO) Ulf Hüttmeyer Chief Financial Officer (CFO) Helmut Himmelreich Chief Operating Officer (COO) Dr. Martina Niemann Chief Human Resources Officer (CHO) 2
26 Board of Directors Air Berlin PLC Dr Hans-Joachim Körber Chairman of the Board of Directors, Chairman of the Nominations Committee, Member of Remuneration Committee, Finance Committee James Hogan CEO of Etihad Airways, Vice Chairman of the Board of Directors Dr-Ing. E.h. Hartmut Mehdorn Chief Executive Officer (CEO) Joachim Hunold Former CEO of Air Berlin PLC, Member of the Board of Directors, Remuneration Committee Niki Lauda Member of the Board of Directors James Rigney CFO of Etihad Airways, Member of the Board of Directors Ali Sabanci Member of the Board of ESAS Holding and Chairman of Pegasus Airlines, Member of the Board of Directors, Remuneration Committee, Finance Committee Heinz-Peter Schlüter Chairman of the Supervisory Board of Trimet Aluminium AG, Essen, Member of the Board of Directors, Chairman of the Audit Committee, Member of Nominations Committee, Remuneration Committee Nicholas Teller CEO of E.R. Capital Holding GmbH & Cie. KG, Hamburg, Member of the Board of Directors, Chairman of the Finance Committee, Member of Audit Committee Johannes Zurnieden Managing Director at Phoenix Reisen GmbH, Bonn, Former Chairman of the Board of Directors, Member of the Board of Directors, Remuneration Committee 2
Air Berlin PLC Frankfurt, 29 August 2012 DVFA Small Cap Conference
Air Berlin PLC Frankfurt, 29 August 2012 DVFA Small Cap Conference 2012 is the transition year business transformation airberlin on its journey to sharpen its profile in the scheduled business Shape &
More informationAIR BERLIN PLC. FCF GERMAN INDUSTRY CAPITAL MARKET DAYS Dubai, 25 April 2012
AIR BERLIN PLC FCF GERMAN INDUSTRY CAPITAL MARKET DAYS Dubai, 25 April 2012 2 AGENDA FCF German Industry Capital Market Days, 25 Apr. 2012 page Topic 1 Review 2011 3 Topic 2 Overview 2012 Macro-economic
More informationAnalysts 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 informationAir 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 informationAir Berlin PLC l Zurich 13 December 2013 Roadshow Commerzbank
Air Berlin PLC l Zurich 13 December 2013 Roadshow Commerzbank Agenda A. Key investment highlights 3 B. Financial overview 15 C. Conclusion 25 2 airberlin key facts Market position as of 30 September 2013
More informationAir Berlin PLC 20 March 2013 Annual Results Press Conference
Air Berlin PLC 20 March 2013 Annual Results Press Conference 1. Overview o o o o o Management Summary Financial KPI Operational KPI Key financial development Development on Etihad relationship o Development
More informationLeveraging the New Partnership. 19 December 2011
Leveraging the New Partnership 19 December 2011 2 Transaction Highlights airberlin and Etihad have today agreed on a comprehensive commercial agreement which is highly synergistic for both companies Etihad
More informationAIR BERLIN PLC Q2 RESULTS, APRIL JUNE Berlin, August 18 th, 2011
AIR BERLIN PLC Q2 RESULTS, APRIL JUNE 2011 Berlin, August 18 th, 2011 MANAGEMENT SUMMARY 1/5 Management Summary Yield 1) [EUR] +7.9% 99.75 107.68 Q2/10 PF Q2/11 ACT Measures: Increase of fuel surcharge
More informationAir Berlin PLC 15 th June, 2016 Annual General Meeting 2016 London
Air Berlin PLC 15 th June, 2016 Annual General Meeting 2016 London Despite headwind, airberlin made good progress in 2015 RASK +3.7% Yield +2.0% Load Factor +0.7%pt Ancillary Revenues* +9.2% ASKs -5.4%
More informationAIR BERLIN PLC SHAPE & SIZE ANALYSTS & INVESTORS PRESENTATION
AIR BERLIN PLC SHAPE & SIZE ANALYSTS & INVESTORS PRESENTATION Berlin, 21 September 2011 2 Management summary Shape & Size targets for EUR 200m earnings improvement CURRENT CHALLENGES Overall economic development
More informationAir Berlin PLC 28th April 2014 Annual Results Press Conference
Air Berlin PLC 28th April 2014 Annual Results Press Conference AGENDA Executive summary A. airberlin at a glance 5 B. airberlin s financial situation / full year results 2013 12 C. Recapitalisation, accelerated
More informationAir Berlin PLC AGM 18 June 2014 London
Air Berlin PLC AGM 18 June 2014 London Executive summary (1) Key Highlights 2013 2013: a challenging year for airberlin Operational loss of 231.9 million euros Group revenue down in line with capacity
More informationAir Berlin PLC l Dusseldorf / Cologne 19 November 2013 Roadshow Bankhaus Lampe
Air Berlin PLC l Dusseldorf / Cologne 19 November 2013 Roadshow Bankhaus Lampe Agenda A. Key investment highlights 3 B. Financial overview 14 C. Conclusion 21 D. Appendix 24 2 airberlin key facts Market
More informationAir Berlin PLC. 14 th German and Austrian Corporate Conference. Frankfurt, May 19 th / 20 th 2011
1 Air Berlin PLC 14 th German and Austrian Corporate Conference Frankfurt, May 19 th / 20 th 2011 2 AGENDA page A Introduction 3 B Performance Q1 2011 8 C 19 Outlook and Initiatives 2011 3 airberlin s
More informationSAS Group Q Teleconference
SAS Group Q4 2012 Teleconference December 12, 2012 1 Break-even result in 2012 despite 1.6 bn SEK higher fuel cost 23 MSEK EBT (before non-recurring items) despite 1.6 bn SEK higher fuel cost Positive
More informationSAS Group Presentation Carnegie, May 22, 2012 Sture Stölen, Head of IR
SAS Group Presentation Carnegie, May 22, 2012 Sture Stölen, Head of IR 1 This is the SAS Group 128 destinations 27,2 million passengers 28 new routes to be launched 2012 1,085 daily flights Revenues 2011,
More informationBank of America Merrill Lynch 2018 Emerging Markets Corporate Credit Conference. Miami, May 2018
Bank of America Merrill Lynch 2018 Emerging Markets Corporate Credit Conference Miami, May 2018 This presentation may include forward-looking comments regarding the Company s business outlook and anticipated
More information2012 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 informationFull Year 2009 Results
Full Year 2009 Results 1 Antonio Vázquez Chairman & Chief Executive Officer 2 Highlights 2009 Strong decrease in revenues: weak demand and yield deterioration. High competition and drop of business traffic.
More information2007/08 Full Year Results Investor Briefing
2007/08 Full Year Results Investor Briefing Highlights of Result Profit before tax up 46% to $1,408 million Up 36% on the reported result Margin improvement $3 billion of Sustainable Future Benefits achieved
More informationPRESS 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 informationSAS takes forceful action in a challenging market
SAS Q2 2013/14 1 1 SAS takes forceful action in a challenging market Q2 EBT MSEK -1,078 Disappointing result in a challenging market most European carriers struggle During the last year, capacity has outgrown
More informationSantander 22 nd Annual Latin American Conference. Cancun, January 2018
Santander 22 nd Annual Latin American Conference Cancun, January 2018 This presentation may include forward-looking comments regarding the Company s business outlook and anticipated financial and operating
More informationFinnair Q result. 25 October 2017 CEO Pekka Vauramo
Finnair Q3 2017 result 25 October 2017 CEO Pekka Vauramo 1 All-time best quarter Revenue up by 15% to record level of 735 M Aircraft flew full, passenger load factor was 87% Asian routes and San Francisco
More informationSAS Group Q2 2012/13. Q2 Restructuring programme moving KPIs in the right direction
SAS Group Q2 2012/13 1 Q2 Restructuring programme moving KPIs in the right direction Operating revenues +1.6%* Yield improvement of +2.7%* Forceful implementation of 4XNG plan: Unit cost down by 10.7%
More informationTHAI AIRWAYS INTERNATIONAL PCL
THAI AIRWAYS INTERNATIONAL PCL 2Q2017 analysts briefing 16-Aug-2017 1 DISCLAIMER The information contained herein is intended to represent the Company s operating and financial position at a given point
More informationHEADSTRONG TOWARDS STRATEGIC PARTNERSHIP ARND SCHWIERHOLZ AIRBERLIN
HEADSTRONG TOWARDS STRATEGIC PARTNERSHIP ARND SCHWIERHOLZ AIRBERLIN AIRBERLIN IS ONE OF EUROPE S LEADING AIRLINES No. 1 in Berlin, Dusseldorf and Palma de Mallorca No. 2 in core market Germany/Austria/Switzerland
More informationSingapore Airlines Group Analyst/Media Briefing HALF YEAR FY RESULTS 5 NOVEMBER 2012 THE PARENT AIRLINE 1H FY2012/13 RESULTS
Singapore Airlines Group Analyst/Media Briefing HALF YEAR FY2012-13 13 RESULTS 5 NOVEMBER 2012 THE PARENT AIRLINE 1H FY2012/13 RESULTS THE PARENT AIRLINE COMPANY RESULTS 2Q & 1H FY12/13 2Q/12 $million
More informationSHAPING A SUSTAINABLE FUTURE
SHAPING A SUSTAINABLE FUTURE Full Year Results Year ended 31 March 2017 Analyst and Investor Presentation 8 June 2017 Agenda Introduction Christine Ourmieres-Widener Financial Review Philip de Klerk Performance
More informationAIR BERLIN PLC FY 2010 Analysts and Investors Conference
AIR BERLIN PLC FY Analysts and Investors Conference Berlin, 24 March 2011 2 AGENDA page A. Overview Decision for an alliance 3 B. Performance C. Outlook 2011 Navigating through a difficult environment
More informationInterim results. 11 May 2010
Interim results 11 May 2010 Introduction Andy Harrison Chief Executive Officer Strong performance despite disruption Improvement in revenue, margins and cash Continued network improvement has driven better
More informationInformation meeting. 1 st September 2011
Information meeting 1 st September 2011 Full Year 2010-11 key data April 2010-March 2011 Revenues in billions Operating result in millions 77% Passenger 18.10 +11.3% -44 +874 13% Cargo 3.16 +29.5% +69
More informationFinnair 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 informationSAS Q3 2017/ August 2018
SAS Q3 2017/2018 31 August 2018 Strong earnings in peak season POSITIVES Record number of passengers Total revenue up MSEK 936 vs. LY Currency adjusted yield up 1.1% vs. LY EB point sale up 27% vs. LY
More informationFinnair 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 informationVueling 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 informationFinnair 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 informationSAS Q1 2017/2018. Q1 in Summary: Improved earnings CHANGE VS. Q1 FY17
SAS 2017/2018 27.02.2018 in Summary: Improved earnings POSITIVES + Passenger revenue up 1% (FX adj.) + Cargo and EB-point sale revenue increased MSEK 109 + Efficiency program delivered MSEK 165 + Positive
More informationSpeech 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 informationUBS 14 th Global Emerging Markets Conference. New York, November 2016
UBS 14 th Global Emerging Markets Conference New York, November 2016 This presentation may include forward-looking comments regarding the Company s business outlook and anticipated financial and operating
More informationQ 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 informationPRESS 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 informationCathay Pacific Airways 2011 Analyst Briefing 23 June 2011
Cathay Pacific Airways 2011 Analyst Briefing 23 June 2011 1 Airline Strategy Grow our international network, expand frequencies and further develop Hong Kong as one of the world s leading aviation hubs
More informationCathay Pacific Airways Interim Results for the six months ended 30 June 2012
Cathay Pacific Airways Interim Results for the six months ended 30 June 2012 8 August 2012 1 Interim Result 1H2012 1H2011 Change Group attributable (loss) / profit HK$ million (935) 2,808-133.3% Group
More informationVueling 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 informationThird Quarter 2014 Results. 29 October 2014
Third Quarter 2014 Results 29 October 2014 Highlights of the Third Quarter Operating environment Air France-KLM Economic environment remains weak Further currency volatility affecting revenues and results
More information1 2 23 24 15 16 7 8 9 Ancillary Revenue target per pax RM55 10 Online 365 11 212 13 14 14 Quarter Ended: 31 March RM'000 Revenue 2,068,227 Operating expenses: - Staff costs (286,663) - Depreciation
More informationInterim Management Report First Half Results 2010/11. October 29, 2010
Interim Management Report First Half Results 2010/11 October 29, 2010 Disclaimer Certain information included in these statements is forward-looking and involves risks and uncertainties that could cause
More informationAnalyst 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 informationTHIRD QUARTER 2017 RESULTS 3 rd of November 2017
THIRD QUARTER 2017 RESULTS 3 rd of November 2017 2017 THIRD QUARTER 2017: STRONG OPERATING RESULT DRIVEN BY SOLID TRAFFIC AND INCREASE IN UNIT REVENUE Robust Group traffic statistics +5.1% +4.1% Strong
More informationCathay Pacific Airways Analyst Briefing. 21 November 2014
Cathay Pacific Airways Analyst Briefing 21 November 2014 Operating Performance Passenger demand remains strong, although growth in North America is significantly short of increase in capacity. Demand for
More informationSAS Q2 2017/2018 TELECONFERENCE
SAS Q2 2017/2018 TELECONFERENCE 30 May 2018 Earnings as expected despite negative currency effect POSITIVES + Total revenue up MSEK 73 vs. LY + Currency adjusted yield up 0.6% vs. LY + EB-point sale revenue
More informationCathay Pacific Airways
Cathay Pacific Airways Interim Results for the six months ended 30 th June 2014 13th August 2014 1 Interim Results 1H2014 1H2013 Change Profit attributable to the shareholders of Cathay Pacific HK$ million
More informationInformation 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 informationFourth Quarter and Full Year 2011 Results Presentation. February 1, 2012
Fourth Quarter and Full Year 2011 Results Presentation February 1, 2012 This presentation may include forward-looking comments regarding the Company s business outlook and anticipated financial and operating
More informationFIRST 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 informationCebu Air, Inc. 4 th Quarter and Full Year 2017 Results of Operations. cebupacificair.com
Cebu Air, Inc. 4 th Quarter and Full Year 2017 Results of Operations cebupacificair.com Disclaimer The information provided in this presentation is provided only for your reference. Such information has
More informationAnalyst Briefing. 12 June Cathay Pacific Airways Limited
Analyst Briefing 12 June 2015 Cathay Pacific Airways Limited Operating Performance The positive operating environment continues into the first half of 2015. Robust passenger demand and healthy cargo demand.
More informationCathay Pacific Airways 2012 Analyst Briefing 28 June 2012
Cathay Pacific Airways 2012 Analyst Briefing 28 June 2012 1 Airline Strategy Grow our international network, expand frequencies and further develop Hong Kong as one of the world s leading aviation hubs
More informationVueling Airlines 2009 Fourth-Quarter, Full-Year Financial Results. The 100-milion turnaround story
Vueling Airlines 2009 Fourth-Quarter, Full-Year Financial Results The 100-milion turnaround story Barcelona, February 23 rd, 2009 Introduction Revenues Operations and costs Outlook for 2010 Vueling has
More informationQ Finnair s growth continued Pekka Vähähyyppä
2018 Finnair s growth continued 25.10.2018 Pekka Vähähyyppä 1 We continued to develop our services and network New route to Los Angeles in 2019, two daily flights to Hong Kong New digital service for exploring
More informationFinnair 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 informationSpeech at the Annual General Meeting (AGM) Air Berlin PLC
Speech at the Annual General Meeting (AGM) Air Berlin PLC (18 th June 2014) Wolfgang Prock-Schauer, CEO airberlin The spoken word takes precedence. 1 I would like to welcome you all very warmly to our
More information1 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 informationAir China Limited Annual Results. March Under IFRS
Air China Limited 21 Annual Results Under IFRS March 211 Agenda Part 1 Highlights Part 2 Business Overview Part 3 Financial Overview Part 4 Outlook 2 Part 1 Highlights Steady Economic Growth; Asia Pacific
More informationAir China Limited 2014 Annual Results Under IFRS
Air China Limited 2014 Annual Results Under IFRS March 2015 Agenda Part 1 Results Highlights Part 2 Business Overview Part 3 Financial Overview Part 4 Outlook Part 1 Results Highlights Gradual Global Economic
More informationSecond 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 informationFinnair 2015 kolmannen vuosineljänneksen tulos
Finnair 215 kolmannen vuosineljänneksen tulos Q3 Result 215 3 October 215 3.1.215 Toimitusjohtaja Pekka Vauramo Talousjohtaja Pekka Vähähyyppä 1 Highlights of the quarter Excellent Q3 result: Record result
More informationThank 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 informationResults 2Q17. August 9, 2017
Results 2Q17 August 9, 2017 2Q17 Highlights Indicators 2Q17 Var. x 2Q16 ASK (BN) 10.4-3.0% Traffic (000) 7,261-1.3% RPK (BN) 8.1 +0.5% Load Factor 77.9% +2.7 p.p. Yield (R$ cents) 23.2 +4.8% Pax Revenue
More informationJ.P. Morgan 2019 Global Emerging Markets Corporate Conference. Miami, February 2019
J.P. Morgan 2019 Global Emerging Markets Corporate Conference Miami, February 2019 This presentation may include forward-looking comments regarding the Company s business outlook and anticipated financial
More informationAIR NEW ZEALAND ANNUAL RESULTS ANNUAL RESULTS
AIR NEW ZEALAND ANNUAL RESULTS 2008 1 HIGHLIGHTS Record operating revenue, up 9% Normalised earnings* $197m Net cash position of $1.3bn Launched direct service to Vancouver and Beijing Award winning product
More informationSAS Group Asia Tour Financial Hearing Presentation May 14, 2012
SAS Group Asia Tour Financial Hearing Presentation May 14, 2012 1 This is the SAS Group 128 destinations 27,2 million passengers 28 new routes to be launched 2012 1,085 daily flights Revenues 2011, MSEK
More informationNorwegian Air Shuttle ASA
Norwegian Air Shuttle ASA Q4 2017 Presentation 15 February 2018 Highlights Q4 2017 Added one 737-800 and two 787-9s to operations Financed the first aircraft with a combination of UKEF and JOLCO Agreed
More informationCebu Air, Inc. Annual Stockholders Briefing. 24 June cebupacificair.com
Cebu Air, Inc. Annual Stockholders Briefing 24 June 2015 cebupacificair.com Business Updates Passengers (M) Operating Statistics 2014: Passenger traffic grew 17.5% to 16.9M. Seat capacity grew 14.8% to
More informationSAS Group Q Teleconference August 8, 2012
SAS Group Q2 2012 Teleconference August 8, 2012 1 Q2 4Excellence delivers tangible results Unit cost down 4% EBT (before non rec.) MSEK 137 EBT MSEK 371 Positive cash flow from operating activities MSEK
More informationInformation 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 informationAgenda. Introduction Christine Ourmières-Widener. Financial Review Ian Milne. Performance Update & Outlook Christine Ourmières-Widener
1 Agenda Introduction Christine Ourmières-Widener Financial Review Ian Milne Performance Update & Outlook Christine Ourmières-Widener 2 Strategy of regional connectivity is working Important to UK economy,
More informationCathay Pacific Airways 2013 Analyst Briefing 25 June Cathay Pacific Airways Analyst Briefing 27 November 2013
Cathay Pacific Airways 2013 Analyst Briefing 25 June 2013 Cathay Pacific Airways Analyst Briefing 27 November 2013 2013 Operating Performance to date: Passenger yield and load factor growth on lower ASKs.
More informationSAS AB Q December 2018
SAS AB Q4 2018 4 December 2018 Q4 financial highlights Q4 POSITIVES Q4-18 CHANGE VS. Q4-17 Record number of passengers Total revenue up SEK 1bn vs. LY Yield (nominal) up 5.1% vs. LY RASK (nominal) up 7.0%
More informationFinnair 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 information2005 Q3 investor update. 25 August 2005
2005 Q3 investor update 25 August 2005 1 This communication is directed only at (i) persons having professional experience in matters relating to investments who fall within the definition of investment
More informationNORWEGIAN 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 informationAnalysts Briefing. 18 March Cathay Pacific Airways Limited
Analysts Briefing 18 March 2015 Cathay Pacific Airways Limited Annual Results 2014 2013 Change Group attributable profit HK$m 3,150 2,620 +20.2% Group turnover HK$m 105,991 100,484 +5.5% Profit margin
More informationVueling Airlines Q4 and Full-Year Results
Vueling Airlines Q4 and Full-Year Results Contents Q1 general outlook Revenues evolution Cost performance Outlook for next quarter 2 EBT: a 23.3m improvement on a year earlier 15 non-profitable routes
More informationResults for the Year Ended 30 th June Brett Godfrey Chief Executive Officer 21 August 2007
Results for the Year Ended 30 th June 2007 Brett Godfrey Chief Eecutive Officer 21 August 2007 New World Strategy Delivering RASK up 13.0% 10.02 CASK (underlying) up 2.6% 8.24 Net Profit up 92.9% $216M
More informationTUI GROUP INVESTOR PRESENTATION
TUI GROUP INVESTOR PRESENTATION German Investment Conference UniCredit / Kepler Munich, 26-27 September 2012 Future-related statements This presentation contains a number of statements related to the future
More informationCorporate presentation CIBC Whistler Institutional Investor Conference January 21, 2010
Corporate presentation CIBC Whistler Institutional Investor Conference January 21, 2010 Forwardlooking statement Certain information in this presentation and statements made during this presentation, including
More informationJET AIRWAYS (I) LTD. Presentation on Financial Results Q4 FY08
JET AIRWAYS (I) LTD Presentation on Financial Results Q4 FY08 June 24, 2008 1 1 1 Agenda Domestic operating environment Jet Airways performance highlights JetLite performance highlights Consolidated Jet
More informationFinancial Results 3 rd Quarter MAR/2016 (FY2015)
Financial Results MAR/2016 (FY2015) January 29 th, 2016 CONTENTS P.1 P.2 P.3 P.4~ Overview of FY MAR/16 Results Operating Revenue Operating Profit 1,030 1,020 1,010 +1.0Bn 1,022.3 1,023.4 (+0.1%) 180 160
More informationAnalyst and Investor Conference Call Q Frankfurt, 25 October 2017
Analyst and Investor Conference Call Q3 2017 Frankfurt, 25 October 2017 Disclaimer The information herein is based on publicly available information. It has been prepared by the Company solely for use
More informationInformation meeting. Third quarter results. March 2011
Information meeting Third quarter 2010-11 results 1 March 2011 Agenda 2010-11: recovery in activity and return to profitability Current issues Air France-KLM ambitions for the next three years 2 All businesses
More information2006 Interim Results. 03 May 2006
2006 Interim Results 03 May 2006 1 Unlocking our potential Strong foundation Powerful business model Great brand Strong market presence and scale The key to the future Building a strong leadership team
More informationSAS Group 1 st interim report 2011
SAS Group 1 st interim report 2011 Media/analyst presentation May 10, 2011 Q1 Improved earnings driven by Core SAS cost reductions Continued strong macro development in Scandinavia Additional capacity
More informationH1 RESULTS 2007 Jón Karl Ólafsson, CEO
H1 RESULTS 2007 Jón Karl Ólafsson, CEO Agenda 01 Highlights 02 Financial results 03 Outlook 04 New organizational chart 05 Q & A H1 Highlights Aggressive fleet growth characterizes H1 results 12 aircraft
More informationSTAYING TRUE. Scotia Capital Transportation & Aerospace Conference. November 15, 2011
STAYING TRUE Scotia Capital Transportation & Aerospace Conference November 15, 2011 FORWARD-LOOKING STATEMENT Certain information in this presentation and statements made during this presentation, including
More informationSAS Q1 2016/
SAS Q1 2016/2017 08.03.2017 Weak Q1 as expected new structural actions underway Q1 in summary Positives + Currency adjusted passenger revenue up 5% + Strong development of ancillary revenues + Passengers
More information2017 A year of strong growth Finnair Q4 and FY 2017 result
2017 A year of strong growth Finnair Q4 and FY 2017 result 16.2.2018 Pekka Vauramo 1 A record Q4 concluded a strong year 2017 Comparable operating result at record level, 22.9 million euro (Q4 2016: 1.6)
More informationLeaving the Competition Behind. Second Quarter (Apr-Jun) 2009 Results
Leaving the Competition Behind Second Quarter (Apr-Jun) 2009 Results 12 Aug 2009 1 Disclaimer Information contained in our presentation is intended solely for your reference. Such information is subject
More informationAIR 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