Presentation of 1 st Interim Report 2006 Stockholm and London, May 4-5
|
|
- Oswald Lawson
- 5 years ago
- Views:
Transcription
1 Result affected by pilot conflict and underlying yield pressure EBT bef nonrecurring items MSEK in line with 25 Positive Easter Effect MSEK 1 Cost for conflicts of MSEK 25 Still underlying price pressure Lower volumes and price pressure in SGS and STS Strong growth and record load factors Jet fuel price effect MSEK 55 higher than last year Presentation of 1 st Interim Report 26 Stockholm and London, May 4-5 EBT result in improved by MSEK 25 New cost measures on track and extended from SEK 2, to SEK 2,5 billion 2 EBT result in line with last year Record load factors after introduction of New Business Models -March MSEK 26 Change Revenues EBITDAR New Businesses Models very well received in market number of passengers up by 12,2% to a record 8,5 million Strong growth on European routes traffic up 18,4% Cabin factor change vs last year Lease & depreciation EBIT Financial net EBT EBT bef non-recurring items , p u +11, p u +8, p u +5, p u +2, p u -1, p u -4, p u -7, p u -1, p u Jan New Business Model Norwegian Domestic Mar Apr May jul Aug Sep Oct New Business Model Swedish domestic Nov Jan Mar Apr May New Business Model Europe jul Aug Sep Oct Nov Jan Mar Norway domestic Sweden domestic Europe 3 4
2 Group number of passengers grew by 12,2% in 1 st Quarter and has passed 37 million More than 4 million low fare tickets 19,% 17,% 15,% 13,% 11,% 5 9,% 7,% 5,% 3,% 1,% -1,% -3,% -5,% 4-dec 5-jan 5-feb 5-mar 5-apr 5-may 5-jun Passenger growth vs last month 5-jul 5-aug 5-sep oct-5 5-nov 5-dec 6-jan 6-feb 6-mar Number of passengers (12 month-rolling) The largest low fare provider in the Nordic skies New Businesses Models has increased the number of low fare tickets Simplified rules one way prices Prices entirely demand driven Positive impact from one way experienced on Norwegian, Swedish domestic and Europe/ Intrascandinavian routes Reduced yield offset by increased load factor 6 More than 1 million low fare tickets offered in the Norwegian market 2 million low fare tickets offered in the Danish market 1 million low fare tickets offered in the Swedish market but we will also do much more for the frequent travellers Added services Attractive products/ services which can be Next added phase to base product to adjust product to customers individual preferences 7 More commercial initiatives to be introduced during 26: Next step in price model Improved benefits to loyal customers Product differentiation Improved internet sales engine Easier to find low fares Base product Attractive basic offer Few restrictions Price follows demand Gunilla Berg CFO
3 Strongest Improvements improvement in airlines in Scandinavian hotels Airlines Businesses SAS Improvements Group underlying airlines result and improved hotels MSEK 2-3 MSEK 26 Change Subsidiary & Affiliated Airlines Airline Support Businesses Hotels Group eliminations, other EBT bef nonrecurring items ,,5, -,5 Cabin factor +5 p.u.,1 -,25,6,1 -,5,6 -,6 Inflation -,3 ECA -,1 Currency -,1 Support -,1-1, -1,5-1,3 25 Easter Strike Volume Yield Fuel (price) Cost program -1,3 Other Positive free cash flow after investments and improved net debt Fuel cost at record level Full year fuel cost up SEK 2,5-3 billion -March SEK, billion 26 Cash flow from operations -1, Change in working capital 1. Net financing from operations -. Investments, adv. payments -.4 Acquisitions/sale of subsidiaries (net). Sale of fixed assets etc..6 Financing deficit/surplus.2 Change in external financing -. Cash flow from the period strategy to offset jet fuel price Policy to hedge 4-6% of expected consumption (12 months) Yield management Cost initiatives Price increase due to very high prices on continuous basis jan-99 maj-99 sep-99 jan- maj- sep- jan-1 maj-1 sep-1 jan-2 maj-2 sep-2 jan-3 maj-3 sep-3 jan-4 maj-4 sep-4 jan-5 maj-5 sep-5 jan-6 Financial net debt 14.1 Available funds
4 Result improved for most Scandinavian Airlines Unit cost weighted for increased volume down in Q1 in MSEK Scandinavian Airlines Denmark Scandinavian Airlines Sweden Scandinavian Airlines International Revenues ,6% ,4% ,4% ,1% EBT bef nonrec Unit cost vs Unit cost Unit cost method last year adjusted for fuel ASK 7,1% 3,% 5% ASK & RPK 3,3%,% EBT bef nonreccuring items SAS Denmark SAS Braathens SAS Sweden SAS International % ASK & passengers,9% -1,9% Unit cost based on only ASK is penalized by sharply improved cabin factor and utilization of capacity Unit cost weighted with increased traffic/passengers shows continued improved cost per passengers/traffic STS and SGS affected by lower volumes SEK 2,5 billion of new measures under implementation in in MSEK Revenues ,9% ,9% ,3% 126-1,6% EBT, bef nonrec Productivity (partly dependent on changes in collective agreements) Block hours F/D 7 h C/A 75 h Ground and technical services Productivity (part time) Leaner mgmt Line and Heavy Maintenance Simplified product Reduced component costs Administration/sales & other flight related costs IT Call centers Overhead Sales organization Airline Support Businesses Structural cost measures of SEK 2,5 billion under implementation Measures increased by SEK,5 billion SEK,4 billion dependent on new collective agreements 44% implemented
5 Capacity Improvements guidance in reduced airlines due and to hotels increased focus on dynamic traffic planning 26 Fuel costs (SEK, billion) ~11 ASK up 2% (previous guiding 3-4%) Jørgen Lindegaard CEO 26 Yield down ASK -2% to -3% Load factor up Capacity 26 vs 25 Scandinavian Airlines Danmark -7% SAS Braathens +6% Scandinavian Airlines Sverige -9% Scandinavian Airlines International -6% Subsidiary & Affiliated Airlines Capacity 26 vs 25 Spanair 1% Blue1 6% Widerøe 5-7% airbaltic 25% 17 Spanair weaker due to Easter Effect and challenges in Widerøe Blue1 and airbaltic expanding in their home markets Total revenues EBITDAR EBT, bef nonrecurring items Total revenues EBITDAR 68 8 EBT, bef nonrecurring items Total revenues EBITDAR EBT, bef nonrecurring items Total revenues EBITDAR 12-7 EBT, bef nonrecurring items Robust traffic development in first Quarter Number of passengers up 35,6% Cabin factor up 5,9 p.u. to 6,1% Jet fuel up 7% vs last year corresponding to MSEK 212 also due to expansion 1 st Quarter negatively affected by Easter effect of MSEK 5 Traffic up 4,7% and cabin factor improved by 2,5 p.u. to 56,% Yield was down,3% in Q1 due to more low fare tickets in the market Unit cost up 6,9% due to jet fuel and costs for technical maintenance Strong traffic figures in Q1 Passengers up 19,5% Traffic up 23,8% Cabin factor up 5,5 p.u. to 59,5% Start up cost with European expansion 9 new destinations introduced from Helsinki Booking figures on tourist destinations are promising EBT improved MSEK 15 due to improved utilization Strong traffic development Number of passengers up 55,9% Cabin factor improved 8,8 p.u. to 59,% Unit cost up 7,7% negatively affected by fuel and personnel airbaltic competing successfully with Ryanair and Easyjet Subsidiary & Affiliated Airlines 19 Subsidiary & Affiliated Airlines 2
6 Strong hotel market gives improved result of MSEK Total revenues EBITDA EBT Strong hotel market Result positively affected by Easter in April Number of rooms sold increased RevPAR up 2,6% for comparable units Occupancy rate improved 4,4 p.u. 7 new hotels opened in Q1. Total number of hotels now 224 Rezidor SAS 21 Radisson SAS, Frankfurt Spain Market: 11% Spanair: 35,6% Spanair expanding in Barcelona and Madrid 22 Market growth and growth for airlines Norway Market: 11% SK: 6,3% Challenging situation on Norway domestic, strong internationally Scandinavian Airlines Denmark Market: 6,2% SK: 8,7% Scandinavian Airlines Sweden Market: 5,4% SK: 2,4% Market share up on international flights Introduction of New Business Model successful on Europe Finland Market: 7,7% Blue1: 19,5% Blue1 taking market shares domestic and expanding on nine new European destinations Latvia & Lithuania Market: app 5% airbaltic: 55,9% Estonia Market: app 15% Estonian Air: 15% Capacity boom in the Baltics. airbaltic gains market shares in competition with Ryanair and Easyjet Three pillars of the competitiveness Tough start of 26, but passenger growth trend intact Cost Turnaround 25 New cost adaptation measures Cost at market levels Incorporation of Businesses units Transparency Local adaptation Flexibility Time to market New Business Models One way pricing Demand driven Internet in process Value for money 23 in process 24 Tough start of 26 Pilot action result effect appr MSEK 25 Cabin conflict in Norway New Business Models Solid traffic development Record load factors and number of passengers More commercial initiatives in pipeline Jet fuel costs more challenging and to be handled through Yield management Cost reductions Hedging Cost measures increased to SEK 2,5 billion Outlook Stable market growth 3-5% New Business Model with improved load Load up 7 p.u. in Scandinavian Airlines after Easter
7 Source: TOTQ 25, CFI Group Additional slides for further information 26 Southwest Airlines Co. Blue1 Widerøe Continental Airlines, Inc. Scandinavian Airlines Delta Air Lines, Inc. American Airlines (AMR Corporation) Northwest Airlines Corporation United Airlines (UAL Corporation) US Airways Group, Inc. Customer satisfaction satisfactory but will be targeted for Scandinavian Airlines Four Business Areas as from 26 From business units to limited companies Closer to local markets Improved accountability 28
8 Group Revenue Business models for airlines -three common denominators Revenues growing in major business areas Commercial concept Traffic system Costs Change Price structures based on demand-driven oneway prices for simple online distribution Differentiated base product Add-on products that stimulate buy-up and ancillary revenues Value-for-money Traffic systems dimensioned for local passengers and for profitable transfer traffic Dynamic flexible traffic planning 1, ,5 1,5 1, ,9 3,7 6 5 Hotels Airline Support Businesses Group revenue distribution Subsidiary & Affiliated Airlines Scandinavian Airlines Businesses 8,5 8 7,5 8,4 8,1 6 5 Cost level for basic product in line with most efficient players Additional costs for transfer, distribution, in-flight, on-ground, network etc. to be covered by a price premium 3,5 3 2,5 3,5 2, Revenue seasonality pattern EBITDAR and CFROI improved MSEK Revenue ,1% EBITDAR ,4% EBITDAR-margin 1,5% 1,7% -,2 p.p. CFROI 13% 1% +3 p.p. jan feb mar apr maj jun jul aug sep okt nov dec 31 32
9 1 st Quarter seasonally weak Improvements in airlines and hotels EBITDAR improved by MSEK MSEK, EBT before gains and nonrecurring items Q1 Q2 Q3 Q Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q EBITDAR (12 months rolling) EBIT (12 months rolling) EBITDAR in Q1 was MSEK 219 (222) EBITDAR distribution Scandin Airl. MSEK 16 (-33) Spanair MSEK 143 (119) Widerøe MSEK 68 (8) Blue1 MSEK 11 (34) airbaltic MSEK 12 (-7) Subsidiary & Affiliated Airlines 34 EBIT-margin and revenues Very strong growth in many Group airlines Revenues MSEK EBIT-margin 1,% 5,%,% Passenger growth in Q1 26 vs Q1 25 % ,5 million passengers in Q1 - new record Q 23 2Q 23 3Q 23 4Q 23 Revenues 1Q 24 2Q 24 3Q 24 EBIT-margin 4Q 24 Q1 25 Q2 25 Q3 25 Q4 25 Q1 26-5,% -1,% -15,% airbaltic Spanair Blue1 SK Denmark SAS Braathens SK Sweden SK International
10 Record high jet fuel prices Passengers growing most airlines Average market prices: USD/MT USD/MT USD/MT USD/MT USD/MT USD/MT Q USD/MT Q USD/MT Q USD/MT Q USD/MT Q USD/MT Hedge levels (including premiums): 41% hedged for 26 by May 26: 675 USD/MT Business areas 37 Scandinavian Airlines statement of income -March MSEK Change Revenues Operating expenses EBITDAR Lease EBITDA Depreciation Income from sales/affiliated EBIT EBT EBT bef. nonrecurring items
11 EBITDAR is improving Key airline profitability drivers EBITDAR, Scandinavian Airlines MSEK vs 25 -March Traffic (RPK) up 1,3% Cabin Factor up 5,8 p.u. Yields (currency adjusted) up 1,2% Total unit costs up 7,1% Fuel adjusted unit cost up 3,% -5 Q1 Q2 Q3 Q Scandinavian Airlines Danmark strong cabin factor improvement more passengers SAS Braathens hit hard by conflict and low image actions taken to improve situation Signs of reduced overcapacity in the home market Negative effect from pilot conflict in Q1 MSEK 11 Positive situation between cabin factor and yield decline Solid traffic growth Traffic up 7,7% Capacity down 1,7% Cabin factor up 11,2 p.u. to 65,7% 26 Total revenues EBITDAR EBT EBT weaker by MSEK 41 vs last year Negative effect from conflict in Q1 appr MSEK 14 Satisfactory traffic growth Traffic up 8,3% vs Q1 25 Cabin factor up 2,9 p.u. to 63,2% Over 4% internet bookings on domestic routes Capacity increasing with one aircraft as from March new routes opened from Oslo, Bergen, Stavanger and Kristiansand Total revenues EBITDAR EBT, bef nonrecurring items Group Scandinavian Airlines Operations Subsidiary & Affiliated Airlines Airline Support Airline Related Business Hotels 43 44
12 Scandinavian Airlines Sweden Q1 improved by MSEK 135 Scandinavian Airlines International Still fierce competition on Swedish domestic routes Cost reductions behind improved earnings Traffic up by 3,2% vs 25 Total cabin factor up 7,7 p.u. to 64,9% Yield down by 2,6% Pilots moved to Scandinavian Airlines Sweden in March New cooperation with City Airlines as from April 26 has improved service to/from Gothenburg Development in 1 st Quarter as expected Earnings improved although competition has increased Yield up 9,5% during the Quarter has compensated increased fuel costs Cabin factor improved 3,7 p.u. to 79,7% Several product improvements Internet onboard all aircraft Flat bed introduced 1 st Quarter Total revenues EBITDAR EBT Jan Total revenues EBITDAR EBT, bef nonrecc Yield has stabilized North Atlantic cabin factor stronger than North AEAAtlantic cabin factor above AEA 12-months rolling 1,3 1,25 1,2 1,15 1,1 1,5 dec-3 mar-4 jun-4 sep-4 dec-4 mar-5 jun-5 sep-5 dec-5 mar-6 47 %, RPK vs. Last year %, Cabin factor April July October April Week 43 5 July October SAS AEA April July 4 47 October Daily departures to/from New York, Washington DC, Chicago, Seattle from Copenhagen Daily departures to/from New York and Chicago from Stockholm Compared with 25 capacity has been reduced to New York and Washington DC resulting in improved cabin factors and lower volumes Positive mix Traffic in 26: European airlines (AEA) traffic down 1,5% SAS traffic down 12,5%
13 Strong traffic increase on Asian routes Cabin factor over AEA on European routes %, RPK vs. Last year %, Cabin factor SAS AEA 49 Week April July October April July October April July October April July October Positive mix between Economy and Business Class Good development in Economy Extra Cabin factor higher than AEA Traffic in 26: AEA traffic up 13,2% SAS traffic up 1,1% albeit capacity being reduced %, RPK vs. Last year %, Cabin factor March May July September November March May July September November March May July September November March SAS AEA Scandinavian Airlines has reduced its capacity by 6,2% in Q1 Scandinavian Airlines introduced one way fares in September which significantly has improved cabin factor further Cabin factor above AEA average since September Traffic 26: AEA traffic up 3,9% SAS traffic up 9,5% ECA agreement expires in 27 negative effect North in 26 Atlantic estimated cabin appr factor MSEK above 4 AEA Tri-party Joint Venture agreement with BMI, Lufthansa and SAS signed November 9, 1999 In effect from 1, 2 Main scope: To integrate the parties scheduled pass. transport to/ from London/ Manchester Negative result effect 22: MSEK 418 (335) Negative result effect 23: MSEK 244 Negative result effect 24: MSEK 134 Negative result effect 25: MSEK 415 Result effect 1st Quarter 26: MSEK 13 (-64) 51 Subsidiary & Affiliated Airlines
14 Weaker 1 st Quarter Subsidiary & Affiliated Airlines weaker than 25 -March MSEK Change Revenues Operating expenses EBITDAR Lease EBITDA in MSEK Revenues % ,8% ,9% ,5% EBITDAR EBT bef nonrec Depreciation Income from sales/affiliated EBIT EBT EBT before gains and nonreccuring items Negative Easter Effect in Spanair Start up costs Blue1 Challenges in Widerøe Subsidiary & Affiliated Airlines 53 Subsidiary & Affiliated Airlines 54 Spanair weaker due to different timing of Easter holiday and jet fuel Widerøe weaker due to higher technical costs and less competitive agreement with personnel Robust traffic development in first Quarter Number of passengers up 35,65 Cabin factor up 5,9 p.u. to 6,1% Jet fuel up 7% vs last year corresponding to MSEK st Quarter negatively affected by Easter in April in 26 vs March in Total revenues EBITDAR EBT, bef nonrecurring items Traffic up 4,7% and cabin factor improved by 2,5 p.u. to 56,% Yield was down,3% in Q1 due to more low fare tickets in the market Unit cost up 6,9% due to jet fuel and costs for technical maintenance Total revenues EBITDAR 68 8 EBT, bef nonrecurring items Passengers 12 months rolling 7 5 EBT, MSEK dec 5- jan 5- feb 5- mar 5- apr may- 5-jun 5-jul 5-5 aug Spanair 5- sep oct nov 5- dec 6- jan 6- feb 6- mar -2-4 Q1 Q2 Q3 Q4 Jan- Subsidiary & Affiliated Airlines Subsidiary & Affiliated Airlines 55 56
15 1 st Quarter negatively affected by phase in costs of new aircraft booking figures promising Continued strong growth but result negatively affected by fuel Start up cost with European expansion 9 new destinations introduced from Helsinki Booking figures on tourist destinations are promising Strong traffic figures in Q1 Passengers up 19,5% Traffic up 23,8% Cabin factor up 5,5 p.u. to 59,5% Total revenues EBITDAR EBT, bef nonrecurring items EBT improved MSEK 15 due to improved utilization Strong traffic development Number of passengers up 55,9% Cabin factor improved 8,8 p.u. to 59,% Unit cost up 7,7% negatively affected by fuel and personnel airbaltic competing successfully with Ryanair and Easyjet Total revenues EBITDAR 12-7 EBT, bef nonrecurring items Number of passengers airbaltic Mar Sep Mar Sep Mar Sep Mar Subsidiary & Affiliated Airlines month rolling Month Estonian Air shows solid growth The holds 49% in Estonian Air Estonian Air number of passengers up 9% in Q1 Competitive cost position Increasing charter operation Number of passengers Estonian Air Apr Aug Okt Subsidiary & Affiliated Airlines Apr Aug Okt Apr Aug 12 month rolling Monthly figures Oct Airline Support Businesses 59
16 Airline Support Businesses -March MSEK Change Revenues Operating expensives EBITDA Depreciation EBIT EBT EBT bef nonrecurring items Airline Support Businesses Significant improved occupancy rate RevPAR improves 8% 7% 6% 5% 75% 7% 65% RevPAR (EUR), 12 months rolling value % Rezidor SAS 2-jan Mar Sept 3-jan Mar Sept Occupancy rate 4-jan Mar Sep 12 month rolling Jan Mar Sep Jan 6% 55 5 Rezidor SAS jun-2 jun-3 jun-4 jun
17 Balance sheet Financial update MSEK 31 Mar Liquid funds Aircraft, spare parts Other assets Total assets Operating liabilities Interest-bearing liabilities Deferred tax Equity Total liabilities and equity Financial net debt Group Mainline Airline Operations Subsidiary & Affiliated Airlines Airline Support Business Airline Related Business Hotels Limited CAPEX has SEK 14 billion in available funds improvement by SEK 3,5 billion Firm Aircraft Orders Total Airbus A Boeing Number of aircraft CAPEX (MUSD) March 6 March 5 Change Liquid Funds MSEK Available Credit Facilites: Revolving Credit Facility (MEUR 4) Bi-lateral Facilities Others Total Available Facilities Total Available Funds Available facilities MSEK 5 66 Utilized facilities MSEK 1 44 Total facilities MSEK
18 CAPEX holiday continues Key financial ratios and future targets MSEK F 27F Amortization profile of interest bearing liabilities Key figures Mar 6 5 Target Equity/assets ratio (solidity) 19% 21% >3% Financial net debt/ equity 126% 118% <5% Fin. net debt+7*oplease/ equity 326% 29% <1% 7 Targets will be reached by: New Business Models and rationalization Capital Release: Aircraft phase-outs Other Assets (Properties, non-core subsidiaries etc) Cash flow from operations Financial Net -March 26 vs last year (MSEK) Q1-26 Q1-25 Difference Interest net and others Revolving credit facility Exchange rate differences Financial net
19 Development and break down of Financial Net Debt since year end Development and break down of Financial Net Debt since last year (MSEK) Difference Cash Other interest bearing assets Interest bearing liabilities Financial Net debt (MSEK) Difference Cash Other interest bearing assets Interest bearing liabilities Financial Net debt Development of Financial Net Debt Equity/Asset ratio 5% 45% 4% 35% 3% 25% 2% 15% 1% 5% %
20 Financial net debt/equity ratio Gearing ratios weaker in Q1 2,5 2,3 2, 1,8 1,5 1,3 1,,8,5,3, % 3% 25% 2% 15% 1% 5% % dec- 98 dec- 99 dec- Net Debt / Equity dec- 1 Equity / Total Assets dec- mar- jun sep- 3 dec- mar- jun sep- 4 dec- mar- jun Fin Net Debt / Equity sep- dec mar- 5 6 Fin. Net Debt + 7*Op lease / Equity Credit postion Sum up Solid liquidity of MSEK Substantial Committed credit facilities of MSEK 5 66 Credit facilities of MSEK 933 amortized in Q1 Limited CAPEX in Streamlining of Group New cost adaptive measures under implementation and increased to SEK 2,5 billion Positive cash flow from operations Loss carry forward will improve tax position APPENDICES Traffic Data Yield Unit cost Fleet Financial key figures 79 8
21 Yield development 26 vs 25 Improved load factors and stable yild Total Scheduled Change Yield (öre/rpk) 114,7 18,2 6,% Currency adj. yield 114,7 113,4 1,2% % 7% 6% 5% 4% 3-nov 4-jan 4-mar 4-maj 4-jul Load factor 4-sep 4-nov 5-jan 5-mar 5-may 5-jul Yield (12 months rolling) 5-sep 5-nov 6-jan 6-mar 1,3 1,3 1,2 1,2 1,1 1,1 1, Yield development Scandinavian Airlines Businesses Passenger yield -March 26 % Q1 vs 23 Q2 Q3 Q4 Q1 vs 24 Q2 Q3 Q4 Q1 Yields down 9,1% in 24 Yields down,3 in 25 Yield up 1,2% in Q1 26 Nominal Currency Adjusted Route Sector yield effect yield Scandinavian Airlines Busin Intercontinental Europe Intrascandinavian Denmark Norway Sweden vs vs vs
22 Yield development 26 vs 25 Unit cost development Yield, local currency 2,4% -,3% -8,5% -6,8% Subsidiary & Affiliated Airlines Unit up in Q1 due to increased fuel costs, conflict in and reduced capacity Bock hours overview Total unit cost, 8% 3% -2% -7% -12% Unit cost down 1,9% in 24 Unit cost down 1,7% in 25 Unit cost up 7,1% in Q1 Adjusted for fuel, unit cost was up by 3,% due to conflict and reduced capacity 12 months rolling Apr 5 -Mar 6 Air craft/day Pilots/year Cabin/year 8, Spanair Widerøe Blue1 8,2 6,9 8, airbaltic 8, % 1st Q 23 3rd Q 23 1st Q 24 3rd Q 24 1st Q 25 3rd Q 25 1st Q
23 Key productivity ratios Self Service check in and internet check close to 5% and Internet Check in over 5% Internet check low, but increasing Aircraft utilization (12 month roling) 8,5 8 7,5 7 Cabin, pilot utilization (12 month roling) % 5% 45% 4% 6,5 6 5,5 5 Apr Aug Oct Apr Aug Oct Apr Aug Oct Cabin crew Apr Pilots Aug Oct 35% 3% 25% 2% Automat Automat+internet 89 9 Long term passenger cabin factor trend positive USD has been stronger in 26 vs 25 affecting costs negatively Moving 12 months values 74% 72% 7% 68% 66% 64% 62% % DEC94 DEC95 DEC96 DEC97 DEC98 DEC99 DEC DEC1 DEC2 DEC3 DEC4 DEC5 DEC
24 Currency effect -March 26 vs 25 Currency effect -March 26 vs MSEK Total revenues +62 Total costs -86 Forward cover costs & working cap. +18 Income before depr. -6 Financial items +13 Income before tax -47 Total revenues & costs: (Total 24 MSEK) Major approx. effects: USD -368 DKK -17 NOK +78 EUR +17 Asian curr. +32 All others +18 Forward cover costs: (Total +88 MSEK) Working capital: (Total +92MSEK) Financial items: (Total +13 MSEK) Grand total -47 MSEK Currency distribution in the 25 fleet March 26 NOK 28% Revenues SEK 21% USD 7% Others 4% DKK 11% SEK 18% Expenses USD 26% Others 2% DKK 14% Owned Leased Total Leased out On order Airbus A33/A Airbus A321/A32/A Boeing 737-serien Boeing 717 (MD-95) 4 4 Douglas MD-8-serien Douglas MD-9-serien Avro RJ-85/1 9 9 Fokker F dehavilland Q-serien SAAB Totalt GBP 5% EUR 24% NOK 19% GBP 3% EUR 18% Scandinavian Airlines Spanair Wideroe Blue Total
25 Development of Market Capitalization SAS share jan-3 maj-3 sep-3 jan-4 maj-4 sep-4 jan-5 maj-5 sep-5 jan SAS share up significantly more than index since ember 24 Number of SAS trades share continues to increase 99 SAS Market Capitalization vs. European Peers measured in SEK (ember 31, 24 - March 31, 26) 19, 18, 17, 16, 15, 14, 13, 12, 11, 1, 9, 8, 7, 3- jan feb mar apr maj jun- jul- aug- sep Index peers okt- nov- dec Index SAS * Peers: Alitalia, Air France, British Airways, Easyjet, Finnair, Lufthansa & Ryanair 3- jan feb mar ,7 138, Number of shares traded in SAS per month ruary March April May e July August September October November ember
Continued good growth in most SAS Group markets first Quarter SAS Group EBT trend on the right track. Improved Result 1 st Quarter 2007
Continued good growth in most SAS Group markets first Quarter 7 Continued favorable economic cycle Good growth on all markets Strong market growth, particularly in Finland and Norway SAS Group 1 st Quarter
More informationThird Quarter Presentation of Year end Report 2005 Stockholm and London, February SAS Group positive result 2005
Third Quarter 25 positive result 25 Presentation of Year end Report 25 Stockholm and London, February 9-1 1 EBT bef nonrecurring items MSEK 114, an improvement of MSEK 1 815 Record number of passengers
More informationAnalyst Meeting Full Year 2006
Good growth in most markets in 26 Good GDP and traffic growth in most markets Strongest traffic growth in Spain, Norway and the Baltics Strong growth also in Finland Sweden: GDP: 4,3% Passengers: +2,5%
More informationThird Quarter 2004 Analyst presentation November, 2004
Third quarter marginally positive despite large overcapacity Stabilized yield drop, but large overcapacity put pressure on load factors Group traffic revenues down 2% in Q3 Volume 56 Price -7 Third Quarter
More informationSecond Quarter nd Quarter result improved by MSEK 526. Improved load and stable yields. Positive result and improved operating performance
Positive result and improved operating performance Second Quarter 25 1 st Half result improved by MSEK 82 Improvement for all business areas and group airlines Operating result almost tripled in 2 nd Quarter
More informationSAS AB:s interim report April 29 th 2008
SAS AB:s interim report April 29 th 28 A very challenging 1 st Quarter The airline industry under pressure Record high fuel prices Increased competition Yield pressure Increased overcapacity Profit warnings
More informationSAS AB Analyst meeting
SAS AB Analyst meeting London, August 9, 2001 2 2nd Quarter a tough Quarter The Marketplace Continued weak world economy Weaker Swedish economy SAS Weaker traffic growth and reduced passenger load factors
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 informationThe SAS Group five business areas as from Q SAS Group statement of income
Weak full year result but according to plan Teleconference Fiscal year st Quarter weak according to plan nd Quarter passenger load factors and yields better than expected 3 rd and 4 th Quarter pressure
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 informationSAS AB:s Press Conference. Augusti 14 th 2008
SAS AB:s Press Conference Augusti 14 th 2008 1 Weak second quarter due to unprecedented challenging market conditions Combination of record high fuel prices and economic slowdown probably largest industry
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 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 informationSAS Group 1 st interim report 2011
SAS Group 1 st interim report 011 Media/analyst presentation May 10, 011 Q1 Improved earnings driven by Core SAS cost reductions Continued strong macro development in Scandinavia Additional capacity is
More informationPress conference Full Year 2006
Good growth in most markets in 2006 Good GDP and traffic growth in most markets Strongest traffic growth in Spain, Norway and the Baltics Strong growth also in Finland Sweden: GDP: 4,3% Passengers: +2,5%
More informationStrengthened SAS delivers positive result in Q3
SAS Group Q3 2012/13 1 Strengthened SAS delivers positive result in Q3 Passenger revenues up 5.3% (FX adjusted) 32 new routes introduced Capacity up 7.7% Traffic up 5.6% Yield down 0.6% Restructuring status
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 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 Interim Report
SAS Group Interim Report January-June 2004 Marginally positive earnings for second quarter of 2004 Operating revenue for the first half of the year amounted to MSEK 27,710 (29,010), a decrease of 4.5%.
More informationOn the right track cost cuts taking effects 1 st Quarter Weakest quarter in history for airline industry
On the right track cost cuts taking effects st Quarter Weakest quarter in history for airline industry Stockholm Arlanda, August 2th London Radisson SAS, August 2th 2 nd Quarter Continued pressure on revenues
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 information3rd Quarter Analyst Presentation
SAS Group 3rd Quarter Analyst Presentation London, November 12, 1999 Contents of 3rd Quarter presentation The quarter in brief SAS International Hotels Business review & financial summary Impact from fleet
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 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 informationA challenging Quarter, but record passenger numbers. Quarter overshadowed by Q400 problems
A challenging Quarter, but record passenger numbers EBT bef. non rec. Q3: MSEK 632, Jan-Sep : MSEK 982 Record number of passengers Group airlines perform strongly Negative effect from Q4, ECA agreement
More informationSAS Q3 2015/2016. Q3 development largely in accordance with our expectations. Q3 update. Change vs. LY
SAS Q3 2015/2016 08.09.2016 Q3 development largely in accordance with our expectations Q3 update Most of Q3 developed as expected FX adjusted revenues up by MSEK 428 226,000 more passengers in Q3 vs. LY
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 information26 October 2017 Icelandair Group Interim Report NET PROFIT USD 101 MILLION IN THIRD QUARTER
NET PROFIT USD 101 MILLION IN THIRD QUARTER Total income in Q3 up by 10% between years, to USD 536.0 million Passenger revenue higher than expected EBITDA unchanged year on year, at USD 161.1 million Passenger
More informationSAS Q1 2013/14. Tough 1 st Quarter 2013/2014 as expected THE NEWEUROBONUS. Q1 EBT MSEK -146 Positive effects from pension plans MSEK 1,044
SAS Q1 2013/14 1 1 Tough 1 st Quarter 2013/2014 as expected Q1 EBT MSEK -146 Positive effects from pension plans MSEK 1,044 Yield down 5.6% in Q1 THE NEWEUROBONUS Launch in Spring 2014 Welcome onboard!
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 informationSAS Q3 2016/
SAS Q3 2016/2017 05.09.2017 A strong summer performance drives result improvements Q3 IN SUMMARY Positives + Currency adjusted passenger revenue up 6.4% + Passengers up by ~300,000 + Ancillary and cargo
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 informationSAS Q4 2016/2017. Q4 in Summary: Earnings in line with November outlook Negative currency effects of MSEK 273 CHANGE VS.
SAS Q4 2016/2017 12.12.2017 Q4 in Summary: Earnings in line with November outlook Positives + Passenger revenue up 5.4% (FX adj.) + Yield up 5.5% + Efficiency program delivered MSEK 240 + 3-year collective
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 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 informationInterim Report 3:2000 January-September
Interim Report 3:2000 January-September The SAS Group SAS Danmark A/S SAS Norge ASA SAS Sverige AB Corporate Structure SAS Danmark A/S The Danish State: 50% Private interests: 50% SAS Norge ASA The Norwegian
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 informationVERY GOOD RESULTS IN OUR MOST IMPORTANT QUARTER
VERY GOOD RESULTS IN OUR MOST IMPORTANT QUARTER Q3 EBITDA USD 161.8 million, as compared to USD 155.6 million in the corresponding quarter last year 19% increase in passenger numbers on international flights
More informationThe SAS Group SAS Danmark A/S SAS Norge ASA SAS Sverige AB
Year-end Report 2000 The SAS Group SAS Danmark A/S SAS Norge ASA SAS Sverige AB Ownership structure Danish State Private interests SAS Danmark A/S Norwegian State SAS Private interests Swedish State 50%
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 informationSAS Group Interim Report January-September 2010
July-September 2010 Operating revenue: MSEK 10,690 (11,076) Earnings before non-recurring items in continuing operations: MSEK 387 (37) EBT margin before non-recurring items in continuing operations: 3.6%
More informationQ1 2018/
Q1 2018/2019 27.02.2019 Highlights Q1/19 CHANGE VS. Q1-18 Financial drivers Total revenue up 6% with broadly unchanged capacity Slight increase in passengers and load factor HIGHLIGHTS Q1/19 Improved unit
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 informationSAS Q3 2016/2017. A strong summer performance drives result improvements CHANGE VS. Q3 FY16
SAS Q3 2016/2017 05.09.2017 A strong summer performance drives result improvements Q3 IN SUMMARY Positives + Currency adjusted passenger revenue up 6.4% + Passengers up by ~300,000 + Ancillary and cargo
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 informationNORWEGIAN AIR SHUTTLE ASA QUARTERLY REPORT SECOND QUARTER 2006 [This document is a translation from the original Norwegian version]
NORWEGIAN AIR SHUTTLE ASA QUARTERLY REPORT SECOND QUARTER 2006 SECOND QUARTER IN BRIEF had earnings before tax of MNOK 24.8 (20.6) in the second quarter. The operating revenue increased by 44 % this quarter,
More 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 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 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 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 informationUSD thousand Q Q Change % Change 12M 2015
EBITDA POSITIVE IN FIRST-QUARTER EBITDA positive by USD 1.1 million, as compared to a negative outcome of USD 2.3 million last year Positive impact of low fuel prices on performance 21% increase in passenger
More informationNorwegian Air Shuttle ASA
Norwegian Air Shuttle ASA Q1 2018 Presentation 26 April 2018 Highlights Q1 2018 Successfully completed private placement of NOK 1.3 billion Added two 737-800s and six 787-9s to operations Launched interline
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 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 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 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 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 informationFirst quarter even weaker than expected. Group airlines recent capacity adjustments. SAS Group weakest Quarter ever
SAS AB Analyst Handout st Quarter 23 First quarter even weaker than expected st Quarter 23 probably weakest quarter in history for European airlines Unprecedented number of negative factors Weaker world
More informationCommercial success improves earnings
SAS Interim Report November July 215 SAS Interim Report November July 215 Commercial success improves earnings May 215 July 215 Income before tax: MSEK 1,31 (756) Income before tax and nonrecurring items:
More informationEven Frydenberg, President & CEO Jan Johansson, CFO
Even Frydenberg, President & CEO Jan Johansson, CFO CONTINUED IMPROVED EARNINGS Good demand in the quarter driven by leisure Sales growth of 23% fueled by more rooms in operation and currency effects Like-for-like
More informationFinnair 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 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 informationPROFITABLE GROWTH IN 2017 IN A CHALLENGING ENVIRONMENT
PROFITABLE GROWTH IN 2017 IN A CHALLENGING ENVIRONMENT Year s EBITDA USD 170.2 million, as compared to USD 219.8 million in 2016 Year's profit after taxes USD 37.7 million, as compared to USD 89.1 million
More informationGOOD SECOND-QUARTER RESULTS. GOOD OUTLOOK FOR THE YEAR DESPITE NEGATIVE IMPACT OF EXTERNAL FACTORS ON EBITDA GUIDANCE.
GOOD SECOND-QUARTER RESULTS. GOOD OUTLOOK FOR THE YEAR DESPITE NEGATIVE IMPACT OF EXTERNAL FACTORS ON EBITDA GUIDANCE. EBITDA in Q2 USD 52.4 million, as compared to USD 50.3 million last year 18% increase
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 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 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 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 informationQ RESULTS STOCKHOLM, 21 APRIL 2016
Q1 2016 RESULTS STOCKHOLM, 21 APRIL 2016 WOLFGANG M. NEUMANN, PRESIDENT & CEO KNUT KLEIVEN, DEPUTY PRESIDENT & CFO 1 I Q1-2016 Results prizeotel Bremen-City, Germany Offering the full brand scale through
More informationPRELIMINARY ACCOUNTS FOR 2012
INTERIM REPORT FOR Q4 2012 AND INTERIM REPORT FOR Q4 2012 AND PRELIMINARY ACCOUNTS FOR 2012 HIGHLIGHTS Q4 with growth in volume and improved normalized EBITDA MNOK 261 improvement in normalized EBITDA
More informationW.Douglas Parker, Chairman, President and CEO, US Airways
A MAGAZINE FOR AIRLINE EXECUTIVES 2005 Issue No. 2 T a k i n g y o u r a i r l i n e t o n e w h e i g h t s T H E T R A N S F O R M E R A conversation with W.Douglas Parker, Chairman, President and CEO,
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 informationFinnair Group Annual Report 1 January 31 December 2006
Finnair Group Annual Report 1 January 31 December 2006 2006: A year for restructuring Scheduled Passenger Traffic transforming to meet Asian traffic demands Labour negotiations to cut 670 jobs 80 million
More informationTeleconference First Quarter 2002
Teleconference First Quarter 2002 May 15th, 2002 2 Table of contents Summary of 1 st Quarter 2002 SAS shares Business area- SAS Airline Result improvement measures Business area Subsidiary Airlines & Affilliates
More informationSAS Group Interim Report January March 2012
SAS Group Interim Report January March 2012 Strengthened cash flow but negative earnings as forecast - continued challenges in 2012-4Excellence measures corresponding to SEK 5 billion to be implemented
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 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 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 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 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 informationIAG results presentation. Quarter One th May 2018
IAG results presentation Quarter One 2018 4 th May 2018 Highlights Willie Walsh, Chief Executive Officer Highlights Another strong quarter performance with an operating profit of 280m (5.6% margin, +2.3pts)
More 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 informationTHIRD QUARTER RESULTS 2018
THIRD QUARTER RESULTS 2018 KEY RESULTS In the 3Q18 Interjet total revenues added $ 6,244.8 million pesos that represented an increase of 7.0% over the revenue generated in the 3Q17. In the 3Q18, operating
More 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 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 informationEven Frydenberg, President & CEO Jan Johansson, CFO
Even Frydenberg, President & CEO Jan Johansson, CFO Strong sales growth driven by more rooms in operations and the acquisition of Restel Underlying like-for-like sales growth, adjusted for calendar effects,
More informationFirst 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 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 informationAir 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 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 informationFirst quarter even weaker than expected. Major steps of change implemented so far. SAS Group weakest Quarter ever
6 7 8 9 1 11 12 13 14 1 16 17 18 19 2 21 22 23 24 Time S 3 W2 S 2 AES TRD ALC TOS ALF SV G AMS NCE ARN MX P BDU MAN BG O LHR KRS KK N HA U ST N SFJ SEA PRG POZ PMI GO T SV G ST R PE K OSL ORD FRA TRD TLV
More informationAir 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 informationManagement Presentation. March 2016
Management Presentation March 2016 Forward looking statements This presentation as well as oral statements made by officers or directors of Allegiant Travel Company, its advisors and affiliates (collectively
More informationCebu Air, Inc. 2Q2014 Results of Operation
Cebu Air, Inc. 2Q2014 Results of Operation 1 Disclaimer This information provided in this presentation is provided only for your reference. Such information has not been independently verified and, as
More 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 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 informationBank of America Merrill Lynch Global Transportation Conference. June 16, 2010
Bank of America Merrill Lynch Global Transportation Conference June 16, 2010 FORWARD-LOOKING STATEMENT Certain information in this presentation and statements made during this presentation, including any
More informationManagement Presentation. November 2011
Management Presentation November 2011 Forward looking statements This presentation as well as oral statements made by officers or directors of Allegiant Travel Company, its advisors and affiliates (collectively
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 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 information