How to increase growth, efficiency and profitability for European aviation in the current environment: The Perspective of Loftleidir Icelandic

Similar documents
H1 RESULTS 2007 Jón Karl Ólafsson, CEO

Icelandair Group Financial Results for the first half and Q2 2007

Icelandair Group A Brief Introduction. Magnús Þorlákur Lúðvíksson, Business Development March 2017

Icelandair Group Presentation of Q Results

Icelandair Group Profits before Taxes ISK 3, 1 billion

26 October 2017 Icelandair Group Interim Report NET PROFIT USD 101 MILLION IN THIRD QUARTER

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

PROFITABLE GROWTH IN 2017 IN A CHALLENGING ENVIRONMENT

2Q Earnings Results Presentation

AEROFLOT ANNOUNCES FY 2017 IFRS FINANCIAL RESULTS

2Q 2016 Earnings Results Presentation. B787 Dreamliner

Icelandair Group A Brief Introduction Magnús Þorlákur Lúðvíksson, Business Development. February 2019

VERY GOOD RESULTS IN OUR MOST IMPORTANT QUARTER

SmartLynx Airlines. We are glad to continue the journey with you and we are really excited about everything that awaits us in the future!

OPERATING AND FINANCIAL HIGHLIGHTS

GOOD SECOND-QUARTER RESULTS. GOOD OUTLOOK FOR THE YEAR DESPITE NEGATIVE IMPACT OF EXTERNAL FACTORS ON EBITDA GUIDANCE.

Air China Limited Annual Results. March Under IFRS

Visiongain. -v1531/ Publisher Sample

Feb 6 th, 2007 Japan Airlines Corporation

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

THAI AIRWAYS INTERNATIONAL Pcl. Fiscal Year 2007

ICAO Young Aviation Professionals Programme

World Tourism Organization Leading organization in the field of tourism today. Global forum for tourism policy issues and a practical source of

USD thousand Q Q Change % Change 12M 2015

SUNEXPRESS TURKEY MEDIA KIT 2019

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

PRESS RELEASE. First Half 2017 Financial Results Higher Load Factors and traffic lead to a significant rebound in second quarter profitability

Air China Limited 2014 Annual Results Under IFRS

Terms and conditions. Air Atlanta Icelandic

Full Year 2009 Results

GIAA In Flash YTD September 2015

ANALYST MEETING PT GARUDA INDONESIA (PERSERO) Tbk. 9M2015 Result Announcement Jakarta, 23 October 2015

Air China Limited Interim Results. August Under IFRS

NORWEGIAN AIR SHUTTLE ASA QUARTERLY REPORT SECOND QUARTER 2006 [This document is a translation from the original Norwegian version]

3Q 2016 Earnings Results Presentation. B787 Dreamliner

Assignment 2: Route Profitability Evalua8on Michael D. Wi?man

Report on the Annual Result for the year 2005

3M 2013 Edition. Share Information : GIAA.IJ / GIAA.JK. Daily Share Price Movements

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

Finnair Group Interim Report 1 January 30 September 2008

The Nordic Countries in an International Comparison. Helga Kristjánsdóttir 20. apríl 2012

Economic Benefits of Air Transport in Panama

SHAKING UP THE BUSINESS MODEL

UBM Travel Brands. Events & Conferences. Data, Consultancy & Training. Media & Digital

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

GECAS is a preeminent aircraft asset manager & financier

Copa Holdings Reports Net Income of US$51.9 Million for the Fourth Quarter of 2008 and US$152.2 Million for Full Year 2008

Financial overview. Adjusted operating cash flow* Annual dividend (excluding special dividend) Dollar movement. Percentage

SIA ANALYST/MEDIA BRIEFING Q2 and 1H FY17/18 Results 8 November 2017

MRO Market Update & Industry Trends

Canadian Transportation Agency Decisions & Orders Week of October 23, 2017* ISSUE 718. Order or Decision # and Date. Principal Legislation Involved

Q Fast growth continued, Comparable operating result at record high levels Pekka Vauramo

THE FUNDAMENTALS OF ROUTE DEVELOPMENT UNDERSTANDING AIRLINES MODULE 3

Passenger: 17.2 Million (+3.9% yoy) OTP: 85.8% SLF: 73.3% Subsidiaries Operating Revenues US$415.2 Million Cargo Carried 219.4K ton (+10.

Q Finnair s growth continued Pekka Vähähyyppä

COMPANY INTRODUCTION

THIRD QUARTER AND NINE MONTHS OF 2014 KEY RESULTS

AIRCRAFT LEASING UNDER THE BRI TOMAS SIDLAUSKAS, CEO, AVIAAM FINANCIAL LEASING CHINA

Avianca Holdings S.A. 1Q 2018 Earnings Presentation 2018

DEVELOPMENT AID AT A GLANCE

THIRD QUARTER RESULTS 2017

CORPORATE PROFILE. Aviation Services Destination Management Port Handling. Travel Services

Fourth Quarter 2006 Results Presentation February 15, 2007

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

Copa Holdings Reports Record Earnings of US$41.8 Million for 4Q06 and US$134.2 Million for Full Year 2006

Modern, dynamically developing European airline

RESOURCE FOR: Hospitality & Tourism

DEVELOPMENT AID AT A GLANCE

Air Berlin PLC AGM 06 June 2013 London

Ref. PE004/ May Subject: Management Discussion and Analysis for the First Quarter of 2018

INVESTOR NEWSLETTER. Full Year 2013 Editions. PT Garuda Indonesia (Persero) Tbk. FY 2012 FY 2013 Change. Summary.

ABX. Holdings, Inc. BB&T Transportation Conference. February 2008

Bank of America Merrill Lynch Global Transportation Conference. June 16, 2010

1Q 2014 Edition. Share Information. Daily Share Price Movements

Fourth Quarter 2017 Highlights

Singapore Airlines Group Analyst/Media Briefing HALF YEAR FY RESULTS 5 NOVEMBER 2012 THE PARENT AIRLINE 1H FY2012/13 RESULTS

OVERSEAS REGULATORY ANNOUNCEMENT

Q3 FY18 Business Highlights

ANA Fact Book All Nippon Airways Co., Ltd. Contents

FOURTH QUARTER RESULTS 2017

Finnair Q result. 25 October 2017 CEO Pekka Vauramo

Copa Holdings Reports Earnings of US$30.3 Million and EPS of US$0.70 for 3Q08

Airline Fuel Efficiency Ranking

PARENT AIRLINE OPERATIONS LIFT GROUP PROFIT

ANA HOLDINGS Financial Results for the Year ended March 31, 2016

STAYING TRUE. BofAML Global Transportation Conference. May

Presentation Media Call

First Quarter Results August 31 st, 2006

Foromic. 1 Welcome to Foromic 2 Background and Impact. 3 Participation by Country 4 Participation by Type of Institution 5 Agenda Content

Delivering Transformative Growth. Dahlman Rose Global Transportation Conference September 8, 2011

Investor Relations Department

TOKYO MEETINGS NOVEMBER 2016

Cathay Pacific Airways 2013 Analyst Briefing 25 June Cathay Pacific Airways Analyst Briefing 27 November 2013

Earnings Report 1 st Quarter 2016 Grupo Viva Aerobus

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

Third Quarter 2014 Results. 29 October 2014

How to Predict an Airline Financial Crisis

2003/04 Full Year Results Presentation to Investors

Canadian Transportation Agency Decisions & Orders

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

Transcription:

How to increase growth, efficiency and profitability for European aviation in the current environment: The Perspective of Loftleidir Icelandic

Icelandair Group OurMother Company Icelandair Groupfocusesoninternationalairlineroutenetworkand tourism. The Group operates in two business segments: Route Nework and Tourism Services. The two segments are inter-related and support each other, both through revenue generation and in cost-sharing. Business Development Group Finance Route Network Hub and Spoke Concept Scheduled Airlines Cargo Technical Services Ground Services Tourism Services Hotels and Restaurants Travel Agencies Domestic Tourism Financial Services Aircraft Charter, Leasing and Trading

Icelandair Group BasicFacts Total revenues in 2010 USD 718 million EBITDAR ratio in 2010 24% Net profitin 2010 USD 38 million Total assets at theend of 2010 USD 728 million Equityratioat theend of 2010 33.7% Number of subsidiaries 8 Number of aircraft 36 Average number of employees 2,197 ListedunderthecodeICEAIR ontheomx NordicExchange in Iceland

The Great Herring How to increase growth, efficiency and profitability for European aviation in the current environment? The default answer from ourside could be: Go somwhere else and make a lot of money. This is how we got there! Loftleiðir Hf. was initially founded by young entrepreneurs to provide them jobs as pilots in fish (herring) search flights off the North coast of Iceland. Mr. Alfreð Elíasson was Ceo from the start. The Hippie Airline became well known in it s time and famous for being the first low cost airline in the world. Once again in 2002 Loftleidir Icelandic was high in the skies and as of 2007 with diamonds!

The Great Herring How to increase growth, efficiency and profitability for European aviation in the current environment? The default answer from ourside could be: Go somwhere else and make a lot of money. This is how we got there! Loftleiðir Hf. was initially founded by young entrepreneurs to provide them jobs as pilots in fish (herring) search flights off the North coast of Iceland. Mr. Alfreð Elíasson was Ceo from the start. The Hippie Airline became well known in it s time and famous for being the first low cost airline in the world. Once again in 2002 Loftleidir Icelandic was high in the skies and as of 2007 with diamonds!

Happy days, days, sunshine and Champagne!! Champagne This is not an old add from Freddy Laker. No its the unofficial slogan of Loftleidir Icelandic and why is that? The first projects of Loftleidir Icelandic were charter flights from Iceland bringing people to the sandy beaches and white ski slopes of Europe. In alignment came operations out of Greece and Denmark. We also operated on behalf of Avianca in Colombia.

Viva la Revolución! Along came projects out of Boston, Mexico, Dominican Republic, Guyana and Cuba to name a few. From the year 2005 we have been in an ongoing business relationship with Santa Barbara Airlines in Venezuela. Currently we have two B767-300ER in Caracas.

On with the show From the start a spirit of adventure has surrounded our operations. We have operated numerous ACMI contracts in close cooperation with Icelandair. Combined with our ACMI and full charter work we have succesfully completed 15 ATW tours were the champagne flows! Last year once again adventure came our way when we started our UN operation in Liberia.

Overthewatershed We crossed a certain watershed in the year2003 whenwesignedand AM contract with Israir for a B767-300ER. The AM contracts are an all inclusive aircraftand maintenanesolution. Following the success oft the Israel contract a strategic decision was taken to advance into this field. Russiawasplacedonthemapas a market with great potential.

Зачем ехать в Россию? Protectivepoliciesin Russiacanmakeit complicated and expensive for airlines to introducewesternbuiltaircraft. Lackof knowledgeand capacityin maintenance has also been a high threshhold for certain airlines. ACMI is prohibited in Russia unless crew members speak Russian. Thisamongstotherawokeourinterestin Russia.

Gloriousyearof aviation: 2007 In theyear2007 weleasedtwob757-200 onam contracts. OneunittoSpainand another to Russia. TheSpanishcontractwillbegoingdownin historyknownas the60 daywarbetween Chadand LoftleidirIcelandic. Repossionof the aircraft was eventually succesfull. The other unit went to Yakutia Air Company in Siberia, latertobejoinedbytwoother units all embroidered with diamonds in the airlines famous livery.

Somewherein a Galaxy far, far away In theautumnof 2007 Terra Incognitawas conquered when the cooperation with PapuaNewGuineastarted. Youcantget much further away from Iceland before you started returning back home! Initially a wet lease contract with one B757-200 but early in the relationship ANG requestednegotiationaboutam possibilities. Today 3 B767-300ER are on assignment with Air Niugini.

THANKS! CREDITINFO STAÐFESTIR AÐ LOFTLEIÐIR ER SJÖUNDA STERKASTA OG BESTA FYRIRTÆKI LANDSINS