Airline Finance News - Asia / Pacific.For more airline finance news, data and analysis, please go to: http://www.airguideonline.com/professional.htm Aug 28, 2006 Air New Zealand Parameter not given Error... ''Template needs its first parameter as beg[in], mid[dle], or end. Parameter not given Error... Air New Zealand operating revenue operating revenue Revenue from any regular source. Revenue from sales is adjusted for discounts and returns when calculating operating revenue. Compare other revenue. for the year was up 5 percent to NZD NZD In currencies, this is the abbreviation for the New Zealand Dollar. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. $3.8 billion (USD USD In currencies, this is the abbreviation for the U.S. Dollar. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. $2.41 billion), while expenses rose 7 percent to NZD$3.7 billion (USD$2.35 billion). It said its fuel bill had risen by NZD$275 million (USD$174.6 million) although it had booked fuel hedge gains of NZD$70 million (USD$44.4 million). For the coming year it has 60 percent of its oil usage hedged at USD$71 a barrel. Aug 25, 2006 Air New Zealand Air New Zealand Profit Down On Fuel Costs. Air New Zealand posted a 47 percent fall in annual profit on Friday as higher fuel costs offset increased passenger numbers and cost cutting. The national carrier, which has been undergoing restructuring and outsourcing of various operations, said a 44 percent rise in the price of jet fuel was largely responsible for the fall in profits and would directly influence the coming year's result. Net profit after tax for the 12 months to June 30 was NZD$96 million (USD$60.9 million), compared with last year's NZD$180 million (USD$114.2 million). Aug 25, 2006 China Airlines China Airlines' second-quarter loss doubles. Taiwan's China Airlines lost TWD TWD In currencies, this is the abbreviation for the Taiwan Dollar. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. 257.1 million ($7.8 million) in the second quarter, double its TWD124.1 million loss in the year-ago quarter, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. a filing with the Taiwan stock exchange Taiwan Stock Exchange (TSEC) Established in 1961, the only centralized securities market in Taiwan. cited by the Associated Press in Taipei. Aug 25, 2006 China Southern Airlines China Southern Airlines (中国南方航空公司) (SEHK: 1055, NYSE: ZNH) is an airline based in Guangzhou in the Guangdong province of the People's Republic of China. China Southern Shares Suspended. Shares in China Southern Airlines were suspended on Thursday as the country's largest carrier by fleet size prepared to announce an upgrade of its planes using jets already ordered. Aug 25, 2006 Hainan Airlines Hainan Airlines posted an CNY CNY In currencies, this is the abbreviation for the China Renminbi. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. 8.7 million ($1.1 million) profit in the second quarter, a reversal from a CNY3.4 million loss in the year-ago period, the carrier said in a filing with the Shanghai stock exchange Shanghai Stock Exchange One of two major securities markets in China. cited by press reports. Revenues climbed 26% to CNY2.95 billion. Six-month profits doubled to CNY20.8 million on a 16% increase in passenger volume and 20% growth in freight. Turnover was up 26% to CNY5.75 billion against a 29% surge in costs to CNY4.61 billion. Hainan also said it netted approximately CNY5.6 billion from a June share sale in order to finance aircraft acquisitions. Aug 22, 2006 Japan Airlines Japan Airlines parent JAL JAL Jalisco (Mexican state) JAL Jalapa (Guatemala territorial division) JAL Jump And Link JAL Japan Airlines Company, Ltd. Group applied to the Japanese Ministry of Land, Infrastructure and Transport to increase fuel surcharges on all international passenger tickets from Oct. 1. The proposed new surcharges will rise from [yen]1,300 ($11.20) to [yen]2,000 on a Seoul-Tokyo ticket, from [yen]11,500 to [yen]17,100 on a Japan-Brazil ticket and from [yen]8,000 to [yen]13,600 on flights from Japan to Europe and North America. JAL said fuel costs in the quarter ended June 30 increased 11.6% to [yen]97.4 billion. Aug 23, 2006 Korean Air Korean Air to seek $12 million from Boeing for Connexion expenses. Korean Air said it will ask Boeing for about $12 million to reimburse it for costs associated with preparing 29 aircraft for the Connexion by Boeing Connexion by Boeing (CBB) was an in-flight online connectivity service from Boeing. This service allowed travellers to access a high-speed internet connection while on board a plane in flight through a wired Ethernet or a wireless 802.11 Wi-Fi connection. service that was pulled from the market last week. An airline official told The Korea Times that it cost $400,000 to furnish a plane with the Connexion service. The carrier planned to introduce the service in an additional 25 aircraft by 2008. Korean was the first Asian carrier certified by Boeing to introduce Connexion, the paper said, and accounted for 16% of the aircraft offering the Internet product worldwide. Aug 23, 2006 Qantas Qantas saw a 26% fall in the year ended 30 June 2006 of profit before tax to A$671m. Tucked away in the shareholders' report was the mention that Airbus had agreed to A$104m for the delays on the 12 A380 on firm order. In spite of increasing fuel costs Qantas was upbeat, maintaining the dividend and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. Geoff Dixon praising newcomer Jetstar for its efforts. Aug 26, 2006 Qantas Qantas nearly doubled its fuel surcharge on flights to the UK to A$185 ($141.70) effective Aug. 31. The surcharge on flights to the US jumps from A$98 to A$145, while short-haul sectors lift to A$65 from A$56. It will eliminate its per-sector charge and introduce a new four-tier system based on distance traveled. Aug 21, 2006 Regional Express, Sunshine Express Regional Express of Australia pulled the plug on its previously announced plans to acquire Brisbane-based Sunshine Express. Rex MD Geoff Breust said that Sunshine came up with new, last-minute conditions that were "not acceptable" to the company or its shareholders. "We extend our best wishes to Sunshine Express and hope that its management and owners are able to overcome its current difficulties," Breust said. "We have been assured that its current owners Aeromil will continue to provide full backing to the airline." Aug 25, 2006 Singapore Airlines Singapore Airlines flew 7.76 billion RPKs in July, a 5.5% increase over the year-ago month. Capacity climbed 2.3% to 9.56 billion ASKs, raising load factor 2.5 points to 81.2%. Aug 22, 2006 |
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