Airline Finance News - Asia / Pacific.Mar 5, 2007 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 Cargo revenue rose 20% to NZ$217 million thanks to the increased capacity offered by the 777s and higher yields. Feb 28, 2007 Air New Zealand 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. rose 12% to NZ$2.1 billion while expenses increased 10.1% to NZ$1.72 billion. As expected, fuel was the biggest item and grew 13% to NZ$584 million. Operating profit Operating profit (or loss) Revenue from a firm's regular activities less costs and expenses and before income deductions. operating profit See operating income. was NZ$109 million versus the 2005 period's NZ$81 million. Feb 28, 2007 Air New Zealand Air New Zealand RPKs increased only 0.9% to 13.1 billion as ASKs jumped 3.6% to 17.6 billion, sending load factor down 2 points to 74.1%. This was due in part to introduction of higher-capacity 777-200ERs, a deliberately low-key approach to promoting ANZ's new product until all 747s are upgraded, plus addition of new services. The airline expects full effects of these changes to flow through in the last half of the fiscal year. Feb 28, 2007 Air New Zealand Air New Zealand short-haul passenger revenue increased 11% to NZ$1.1 billion with yields up 8.9%, while long-haul revenue grew 13% to NZ$695 million with yields ahead 12.7%. Feb 28, 2007 Air New Zealand Air New Zealand's radical cabin interior makeover was credited for a 61% hike in net profit to NZ$74 million ($52.4 million) for the six months to Dec. 31, with long-haul yields jumping 12.7% as passengers upgraded to its Premium Economy and Premier Business products. Chairman John Palmer said the progress during the semester was pleasing in the face of significant challenges like high fuel prices, a weaker New Zealand dollar Noun 1. New Zealand dollar - the basic unit of money in New Zealand dollar - the basic monetary unit in many countries; equal to 100 cents and intense competition. "All our key metrics including yield, passenger numbers, revenue, profitability and share price are up, despite significant external pressures," he told media. ANZ ANZ Australia and New Zealand ANZ Australia and New Zealand Banking Group Limited ANZ Air New Zealand (NZ national airline) [sup.1]s 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. Rob Fyfe said it was important to consider ANZ's performance within a wider context, commenting, "We are confident in our strategic direction and will continue to drive the changes we need to ensure the airline is world class in everything it does." He also drew attention to the completed four-year cost-saving program that had target savings of NZ$245 million once fully implemented, noting that by the end of the initiative the airline achieved more than NZ$326 million in annualized annualized Of or relating to a variable that has been mathematically converted to a yearly rate. Inflation and interest rates are generally annualized since it is on this basis that these two variables are ordinarily stated and compared. savings. Feb 28, 2007 AirAsia AirAsia reports second-quarter revenues leapt 62% to MYR MYR In currencies, this is the abbreviation for the Malaysian Ringgit. 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. 400.6 million, including an 87% year-over-year increase in ancillary revenue Ancillary Revenue Revenue generated from goods or services that differ from or enhance the main services or product lines of a company. By introducing new products and services or using existing products to branch into new markets, companies create additional opportunities for to MYR28.4 million, as average fare dropped 5% to MYR164. Operating profit more than doubled to MYR109.7 million from MYR46.3 million in the year-ago period. Mar 1, 2007 AirAsia Thai AirAsia reported a THB THB In currencies, this is the abbreviation for the Thai Baht. 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. 33 million ($959,621) net profit for the quarter despite problems at the new Suvarnabhumi Airport, while Indonesia AirAsia reported IDR IDR In currencies, this is the abbreviation for the Indonesian Rupiah. 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 billion ($219,000) in net earnings. For the fiscal semester, AirAsia's net earnings soared to MYR226.6 million from MYR60.1 million in the year-ago period. Revenues were up 57% to MYR693.8 million and operating income more than doubled to MYR133.4 million from MYR58.3 million. AirAsia said its first-half performance was "better than management's expectations" and the current quarter "is looking better relative to the same period last year." AirAsia expects "robust profit growth for the financial year 2007" and adjusted its guidance accordingly. It earned MYR126.9 million in the fiscal year ended June 30, 2006, and expects "double-digit growth" in pre-tax profit this fiscal year. Mar 1, 2007 Japan Airlines Japan Airlines on March 25 will redeem [yen]79.7 billion of convertible bonds due to mature in 2011, the company said in a stock exchange filing cited by Bloomberg News, which said investors had until Feb. 23 to convert the [yen]100 billion of bonds into stock but that shares in JAL JAL Jalisco (Mexican state) JAL Jalapa (Guatemala territorial division) JAL Jump And Link JAL Japan Airlines Company, Ltd. closed 32% lower than the bonds' conversion price. JAL said it is seeking a [yen]60 billion credit line to help repay the bonds, according to Bloomberg. Feb 27, 2007 Malaysia Airlines Malaysia Airlines yesterday reported a net loss of MYR136 million ($39 million) for full-year 2006, improved over a loss of MYR1.7 billion the prior year. "The improvement is the result of a considerable increase in revenue due to major improvements in passenger and cargo yields, network restructuring, improvement in productivity and cost savings," the airline said in a statement. Malaysia said it would have earned a net profit of MRY MRY Monterey Peninsula Airport (California) MRY Monterey / Carmel, CA, USA - Monterey Peninsula Airport (Airport Code) MRY Moore, Ruble, Yudell Architects and Planners (Santa Monica, California) 676 million if fuel costs and aircraft lease rates had remained constant. Passenger revenue was up 10% to MYR9.3 billion from MYR8.5 billion the previous year. Yield increased 21% to MYR0.24 as RASK grew 17% to MYR0.17. Feb 27, 2007 Malaysia Airlines, Midwest Malaysia Airlines reported a net profit of MYR121 million for the fourth quarter, reversed from a net loss of MRY611 million in the year-ago quarter. MD and CEO Idris Jala credited the "single-mindedness" of the company's Business Turnaround Plan unveiled last February with improving its earnings toward the end of the year. "We have exceeded all our BTP (Business Transaction Protocol) An XML-based protocol from OASIS that adds the type of validation to transactions in a Web services environment that are normally performed by the two-phase commit within an enterprise. financial targets," he said, but warned that the carrier "cannot afford to be complacent. . .We are not out of the woods yet." Feb 27, 2007 Qantas Airways Qantas bidder negotiates first hurdle. The Australian Competition and Consumer Commission For the other Australian organisation with the same acronym, see . The Australian Competition and Consumer Commission (ACCC) is an independent authority of the government of Australia. gave the green light to Airline Partners Australia's proposed A$11.1 billion ($8.74 billion) buyout of Qantas. ACCC ACCC Association of Canadian Community Colleges ACCC Australian Competition & Consumer Commission ACCC Association of Community Cancer Centers ACCC Academic Computing and Communications Center ACCC American College of Chiropractic Consultants Chairman Graeme Samuel said yesterday that there were some potential issues but "there was no likely substantial lessening of competition in each of these cases, having regard to restrictions on related party transactions under the [APA (All Points Addressable) Refers to an array (bitmapped screen, matrix, etc.) in which all bits or cells can be individually manipulated. APA - Application Portability Architecture ] consortium and the level of competition in the relevant markets." Mar 2, 2007 Qantas Airways The key issue was the proposed dual ownership of shares in Qantas Airways and its main base, Sydney International Airport, by Macquarie Bank. "Our assessment indicated that there is a level of influence by Macquarie Bank over Sydney Airport, but that this influence is somewhat mitigated by a series of regulatory and corporate constraints," ACCC said. The deal still has to pass a probe by Australia's Foreign Investment Review Board, which will look at the national interest case. The Australian Senate also will vet the deal. APA said yesterday it "has worked with the ACCC constructively to address all relevant issues in relation to our bid. This is consistent with [our] approach to fully cooperate with all relevant government departments and regulators." Mar 2, 2007 Qantas Airways Australia's Qantas, another OneWorld member, in December 2006 agreed to a takeover bid by Airline Partners Australia Airline Partners Australia (APA) is a consortium that made a AU$5.45 per share takeover offer for Australian airline Qantas in December 2006. The takeover offer received the endorsement of the Qantas board in the absence of a better offer, however the proposed takeover failed to , a consortium which includes private equity firm Texas Pacific Group, Allco Equity Partners, Allco Finance Group Allco Financial Group (ASX: AFG and others) is a financial services business based in Sydney, Australia. Major services provided by Allco are asset management, fund management and debt funding. Allco has over AUD$4.3billion in assets, and has financed over AUD$60billion. and Canadian investment firm Onex. In Qantas' case, the airline was interested in talking as it saw itself constrained by a share market that has not recognized the group's value and limits its ability to raise the capital it needs to fund its fleet and growth plans. Mar 1, 2007 Qantas Airways Australian pilots' union files suit in bid to block Qantas takeover, claiming breach of 1992 privatization terms. A Qantas Airways pilots' union is to launch legal action against the carrier in the hope that it will jeopardize a proposed takeover by a private equity group. Feb 26, 2007 Qantas Airways The Australian and International Pilots Association The Australian and International Pilots Association (AIPA) is a trade union and professional association formed in 1981 to represent Qantas and its related companies pilots and flight engineers. (AIPA AIPA Autorità per l'Informatica nella Pubblica Amministrazione (Italy) AIPA American Inventors Protection Act of 1999 AIPA Asean Inter-Parliamentary Assembly (Jakarta, Indonesia) ) says in a statement that it will today launch legal proceedings in Australia's Federal Court that "could put in doubt the private equity takeover of Qantas". It says the action is being launched under the 1992 Qantas Sale Act, seeking a ruling that the current operation of international services by Qantas' low-cost unit Jetstar is unlawful. It claims that Qantas is in breach of Section 7(f) of the Qantas Sale Act, which prevents it from operating international passenger services under any other name. "If our case succeeds the entire Jetstar International strategy - where a separate entity is created to hollow out Qantas - would breach the Qantas Sale Act and the minister for transport would be obliged to intervene," says AIPA president Capt Ian Woods. Qantas shareholders are currently assessing an offer from a group of local and foreign investors seeking to take over the airline for more than A$11 billion ($8.7 billion). Unions have expressed opposition to a takeover, fearing it will lead to job losses. AIPA says it is the largest pilot body in Australia, representing more than 2,300 pilots and flight engineers working for Qantas Group carriers Qantas Airways, Australian Airlines, Jetstar, Eastern Australia Airlines Eastern Australia Airlines is an airline based in Sydney, New South Wales, Australia. It is a regional domestic airline serving 18 destinations under the QantasLink banner. Its main base is Kingsford Smith International Airport, Sydney, with a hub at Melbourne Airport[1]. and Sunstate Airlines. Feb 26, 2007 Qantas Airways, Airline Partners Australia Airline Partners Australia's A$11 billion ($8.8 billion) bid for Qantas has hit turbulence, with two key stakeholders suggesting that the $A5.60-per-share offer undervalues the airline. According to Australia's Financial Review, UBS Global Asset Management UBS Global Asset Management was the multinational investment unit of UBS AG, a very large multinational financial firm formed in 1998 from the merger of Union Bank of Switzerland and the Swiss Bank Corporation. , which holds 6% of QF, is unwilling to sell while Balanced Equity Management, with 3%, is unconvinced. APA has said its offer is conditional on 90% acceptance. Yesterday it extended the bid period to April 3 as investigations by the Australian Competition and Consumer Commission and Foreign Investment Review Board have yet to be completed. Both reports are due within days. Mar 1, 2007 03/05/2007 Z Editor: Aram Gesar, eMail: edit@AirGuideOnline.com For Air Transport & Travel Business Experts contact eMail: bizintel@AirGuideOnline.com For more global news, reviews, features and analysis, please subscribe to our Newsletters: http://www.airguideonline.com/order_formsubs.htm#news To Advertise: advert@AirGuideOnline.com Copyright [c] 2007 Air Travel Media / Pyramid Media Group. All rights reserved. Feb 26, 2007 |
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