Airline Finance News - Asia / Pacific.Jul 9, 2007 Assn. of Asia Pacific Airlines' 17 member carriers transported 11.4 million passengers on international routes last month, up 4% year-over-year. RPKs rose 3.2% over May 2006, capacity grew less than 1% and load factor gained 1.7 points to 72.2%. International FTKs increased 4.6% after two months of stagnant growth and capacity was up 3.9%, lifting cargo load factor 0.4 point to 65.9%. Through the year's first five months, passenger numbers were ahead 4.2% to 58.3 million. Jun 29, 2007 China Airlines China Airlines flew 2.89 billion RPKs in May, up 5.7% from the year-ago month. Passenger numbers climbed 8.9% to 848,006. Jun 28, 2007 China Eastern Airlines China Eastern Airlines Corporation Limited (Simplified Chinese: 中国东方航空股份有限公司) (SSE: B>600115 China Eastern Airlines announces that, following a request made by the Company to the Stock Exchange of Hong Kong Stock Exchange of Hong Kong (SEHK) Only stock exchange located in Hong Kong. Limited, trading in its H shares has been suspended with effect from 9:47 a.m. on May 22, 2007 pending the release of an announcement of the Company, the nature of which is price-sensitive. Jul 6, 2007 Jet Airways Jet Airways (India) Ltd. is an airline based in Mumbai, India, operating domestic and international services. It operates over 330 daily flights to 50 destinations across the country and 6 overseas. India's Jet Airways reported a net profit for the second quarter in a row on improved load factors and higher international earnings, and its board approved a 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. $400 million rights issue to fund expansion. Jet, which has more than a third of the fast-growing Indian domestic market, said net profit for the January-March fiscal fourth-quarter was INR INR In currencies, this is the abbreviation for the Indian Rupee. 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. 880 million rupees (USD$21.5 million) on net sales Net Sales The amount a seller receives from the buyer after costs associated with the sale are deducted. Notes: This amount is calculated by subtracting the following items from gross sales: merchandise returned for credit, allowances for damaged or missing goods, freight of INR19.78 billion. India's largest domestic carrier returned to profit in its fiscal third quarter after losses in two previous quarters on high fuel costs and growing competition in the domestic market. Jun 27, 2007 Jet Airways Jet Air Posts Q4 Net Profit India's Jet Airways reported a net profit for the second quarter in a row on improved load factors and higher international earnings, and its board approved a USD$400 million rights issue to fund expansion Jun 26, 2007 Kunming Airlines  This article or section contains information about a planned or expected new airline.
Kunming Airlines, which aims to become the first privately run carrier in Yunnan Province Noun 1. Yunnan province - a province of southern China Yunnan Cathay, China, Communist China, mainland China, People's Republic of China, PRC, Red China - a communist nation that covers a vast territory in eastern Asia; the most populous country in the world , obtained operational approval from CAAC CAAC Civil Aviation Administration of China CAAC Civilian Agency Acquisition Council CAAC Capital Area Activities Conference (Lansing, Michigan, USA) CAAC Clean Air Action Corporation CAAC Citizens' Action Against Crime . Founder Wang Qingmin noted that he and an unidentified partner will hold a 60% stake in the new carrier while Sichuan Airlines Sichuan Airlines (四川航空) is an airline based in Chengdu, Sichuan in the People's Republic of China. It is a regional airline operating scheduled domestic services. will hold the remainder. He did not reveal the total investment amount. Kunming Airlines will adopt an "air travel plus tourism" market model and focus mainly on intra-provincial routes. Located in southwestern China, Yunnan is home to numerous resorts and is a popular tourist destination A tourist destination is a city, town or other area the economy of which is dependent to a significant extent on the revenues accruing from tourism. It may contain one or more tourist attractions or visitor attractions and possibly some "tourist traps". . Wang said the airline eventually "will consider opening national routes." Jun 27, 2007 Philippine Airlines Philippine Airlines made a record net profit of USD$140.3 million in the last year, the airline said on Thursday, marking a more than six-fold rise from a year earlier and helped in part by non-recurring items. Philippine Airlines revised down its comparable net income for the previous year ended March 2006 to USD$22.8 million. The airline has had three straight years of profits after an erratic financial performance since 1999 when restructuring began and despite an environment of rising fuel costs. "These solid results, not just from last fiscal year but over the past eight years under restructuring, confirm that PAL is fully recovered and is now firmly on track towards long-term profitability," company president Jaime Bautista said in a statement. Philippine Airlines revenues climbed 12.8 percent to USD$1.39 billion in the fiscal year ending March. The growth was supported by average passenger loads of 76.8 percent of capacity, a 15-year high. Jun 29, 2007 Philippine Airlines Philippine Air's Profit Up Six-Fold Philippine Airlines made a record net profit of USD$140.3 million in the last year, the airline said on Thursday, marking a more than six-fold rise from a year earlier and helped in part by non-recurring items Jun 28, 2007 Qantas Airways Qantas said the level of foreign shareholding in the company has fallen to 44.5% from "just below" 50% . "Foreign shareholding is trending down and we are confident that our share register is in compliance with the Qantas Sale Act," 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 said. Jul 6, 2007 Qantas Airways Qantas's announcement Wednesday that it "remained comfortable with its previous guidance that its 2006/07 profit before tax was in line with the average market expectations" has emerged as a de facto [Latin, In fact.] In fact, in deed, actually. This phrase is used to characterize an officer, a government, a past action, or a state of affairs that must be accepted for all practical purposes, but is illegal or illegitimate. profit upgrade, the fourth this financial year. In March the airline forecast a A$940 million ($790.7 million) pre-tax profit but robust traffic figures have had analysts preparing more bullish earnings. On Tuesday, Bloomberg News calculated and announced that analysts are forecasting a median A$1.06 billion profit, which was followed quickly by QF's announcement. Jun 29, 2007 Qantas Airways, Air New Zealand Parameter not given Error... ''Template needs its first parameter as beg[in], mid[dle], or end. Parameter not given Error... Qantas sold its 4.2% stake in Air New Zealand, which it acquired in early 2002 in association with the proposed Tasman Networks Agreement that was scuttled by regulators . QF said it acquired the shares at NZ$2.23 each and sold them at NZ$2.70. Following the sale, it said it "remained comfortable with its previous guidance that its 2006/07 profit before tax was in line with the average market expectations." Jun 28, 2007 Royal Brunei Airlines Royal Brunei Airlines (Malay: Penerbangan DiRaja Brunei, Jawi: ﻓﻧﺭﺑﺎڠن ﺩﻴﺮﺍﺝ ﺑﺮﻮﻧﻲ), or RBA, is the international airline of the Sultanate of Brunei. New CEO for Royal Brunei Airlines Ray Sayer, an industry veteran, is to become CEO of Royal Brunei Airways, with effect from 1 September 2007. Sayer is no stranger to the country having lived there in the early 1980s when he was employed with British Airways (BA) as regional manager for Brunei/Sarawak and Sabah. Jul 3, 2007 Singapore Airlines, China Eastern Airlines Singapore Airlines said it hasn't yet made a decision on investing in China Eastern Airlines. The airline also on Wednesday said it won't comment on regulatory issues in the mainland after the China Daily reported that legal and regulatory obstacles are holding up Beijing's approval for SIA Sia (sī`ə) or Siaha (sī`əhə), in the Bible, family returned from the Exile. SIA - Serial Interface Adaptor to take a stake in China Eastern. Jul 5, 2007 Thai Airways Thai Airways said on Monday it expected a 3-5 percent rise in revenues in the year to September 2008, up from 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. 200 billion baht baht n. pl. bahts or baht See Table at currency. [Thai b  t.]Noun 1. (USD$6.22 billion) in the previous financial year. It should earn a net profit margin for the year of 6-7 percent in line with the industry, an executive told reporters. Jun 26, 2007 Thai Airways Thai Airways Sees 07/08 Revenues Up 3-5 Percent Thai Airways said on Monday it expected a 3-5 percent rise in revenues in the year to September 2008, up from THB200 billion baht (USD$6.22 billion) in the previous financial year. Jun 25, 2007 Virgin Group, AirAsiaX Virgin Group head Richard Branson may be moving to take a stake in new long-haul startup AirAsiaX, according to India's Economic Times. The paper quotes both industry officials and Dow Jones and states that Branson may buy the stake from Tony Fernandes and Kamarudin Meranum, who control 60% of the FlyAsianExpress holding company. AirAsiaX plans to launch low-cost flights from Malaysia to India, China and Europe later this year and ordered 10 A330s at last week's Paris Air Show The Paris Air Show (Salon International de l'Aéronautique et de l'Espace, Paris-Le Bourget) is an international trade fair for the aerospace business. It is held at Le Bourget airport near Paris, France every odd year, alternating both with the Farnborough International . FlyAsianExpress has a 30-year license to use the AirAsia brand and facilities. Fernandes was not available for comment. Jun 26, 2007 ZZ Editorial eMail: edit@AirGuideOnline.com For Air Transport & Travel Business Experts contact our Director of Content Aram Gesar 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 AirGuideFlightTracker is a new service that keeps travelers informed on flight and airport status via the Web. For more go to http://www.airguideonline.com/airline_tracker.htm Copyright [c] 2007 Air Travel Media / Pyramid Media Group. All rights reserved. |
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