Airline Finance News - Europe.Air Berlin Air Berlin set to reveal IPO (Initial Public Offering) The first time a company offers shares of stock to the public. While not a computer term per se, many founders, employees and insiders of computer companies have found this acronym more exciting than any tech term they ever heard. plan. Air Berlin may announce more details of its upcoming IPO tomorrow. Apr 20, 2006 Air Berlin suffered a net loss of [euro]115.9 million ($140.3 million) in 2005, up from [euro]2.9 million in 2004, largely owing to owing to prep. Because of; on account of: I couldn't attend, owing to illness. owing to prep → debido a, por causa de [euro]100 million in one-time charges stemming from debt revaluation Revaluation A calculated adjustment to a country's official exchange rate relative to a chosen baseline. The baseline can be anything from wage rates to the price of gold to a foreign currency. In a fixed exchange rate regime, only a decision by a country's government (i.e. and deferred taxes, 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. Reuters. The airline flew 13.5 million passengers last year, up 12.5%. 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. Joachim Hunold, who owns 5% of the carrier, told reporters late Monday that AB is pressing ahead with its IPO and hopes to launch it prior to the start of soccer's quadrennial quad·ren·ni·al adj. 1. Happening once in four years. 2. Lasting for four years. quad·ren  ni·al n. World Cup, which will kick off in Germany on June 9. He said
he will not sell any of his stake but did not rule out listing more than
50% of the company, Reuters said. Apr 12, 2006
Air Berlin carried 2.75 million passengers in the first quarter, up 8.5% over the year-ago period. Highest growth was recorded at Nuremberg (up 24.4%), Paderborn (24.5%) and Hannover (12.7%). Top airports outside Germany were London Stansted (up 60 %) and Milan Bergamo (42 %). Apr 10, 2006 Air France-KLM Air France-KLM (Euronext Paris: AF, NYSE: AKH) is an airline company incorporated under French law with its headquarters at Roissy-Charles de Gaulle Airport near Paris, France. Air France-KLM flew 15.94 billion RPKs in March, a 6.6% rise over the year-ago month. Capacity increased 7.5% to 20.06 billion ASKs, dropping load factor 0.7 point to 79.4%. Apr 11, 2006 Alitalia, Sabre Sabre Airline Solutions Sabre Airline Solutions is a subsidiary of Sabre Holdings. The main product of Sabre Airline Solutions is the SabreSonic system. This provides departure control, reservations, and, inventory management. signed deals worth $2.5 million with Alitalia to provide it with revenue integrity products, as well as its consulting team, to stem what Sabre said is "millions of dollars of revenue leakage each year." The carrier also extended and upgraded its use of the Sabre AirMax revenue management system. Apr 11, 2006 Austrian Airlines Austrian Airlines AG is the flag carrier airline of Austria, headquartered in Vienna. It operates scheduled sevices to over 130 destinations. Its main base is Vienna International Airport, with a hub at Innsbruck Airport.[1] In 2006 Austrian had 10 million passengers. Austrian Airlines Group said March RPKs grew 12.2% to 1.8 billion. ASKs rose 11.4% to 2.4 billion, resulting in a 0.5-point gain in load factor to 72.0%. Apr 20, 2006 Avion Group, Excel Airways Group Avion Group said its subsidiary company, Excel Airways Group, reached agreement to acquire 100% of the share capital of tour operator Kosmar Villa Holidays dba Kosmar Holidays effective May 2. Price was not disclosed. Avion said the purchase "will strengthen the Tour Operating Division of Excel Airways Group plc, which includes Excel Holidays, Freedom Flights, Travel City Direct, Aspire Holidays and the online portal XL.com." For the fiscal year ended Oct. 31, 2005, Kosmar Holidays had turnover of [pounds sterling]80.7 million ($140.6 million). Founder and Chairman Kostas Markou will stay with the company following the sale. Apr 11, 2006 Blue1 Blue1 reported a 35% increase in RPKs in March and a 28% rise in capacity. Domestic and international load factors climbed to 64.5% and 58.3% respectively. Passenger numbers increased 22% over the year-ago month to 146,000. The airline said it will open a route to Budapest next month. Apr 18, 2006 Iberia Iberia CEO Angel Mullor is resigning "in order to take on new personal and professional projects," the airline said yesterday. He joined IB in 1996 as MD and was elevated to CEO in 2001. "I have spent ten years in Iberia, much longer than I imagined when I came to handle the company's privatization privatization: see nationalization. privatization Transfer of government services or assets to the private sector. State-owned assets may be sold to private owners, or statutory restrictions on competition between privately and publicly owned . I depart with the satisfaction of having worked with a first-rank team of people and having achieved all the objectives we set in the three strategic plans established in this period," Mullor said. Apr 21, 2006 Iberia flew 4.28 billion RPKs in March, up 3.4% compared to the year-ago month. Capacity increased 4.5% to 5.5 billion ASKs. Load factor slipped 0.9 point 77.7%. Apr 17, 2006 Lufthansa Lufthansa flew 24.04 billion RPKs in the first quarter ended March 31, a 1% increase over the year-ago quarter. Capacity rose 3.1% to 33.49 billion ASKs and load factor dipped 1.5 points to 71.8%. Apr 12, 2006 Deutsche Lufthansa is planning a euro-benchmark medium- to long-term bond issue at the end of April on the Frankfurt Stock Exchange Frankfurt Stock Exchange The largest of Germany's eight securities exchanges, operated by Deutsche Borse AS. . Value was not disclosed. Joint bookrunners for the transaction are Deutsche Bank, Helaba, Morgan Stanley and UBS UBS Union Bank of Switzerland UBS United Bible Societies UBS United Blood Services UBS United Buying Service UBS Used Bookstore UBS University Business Services UBS Universal Building Society (UK) UBS Ulaanbaatar Broadcasting System . Apr 11, 2006 Swiss International Swiss International Air Lines Swiss International Air Lines (short: Swiss) is the principal airline of Switzerland operating scheduled services in Europe and to North America, South America, Africa and Asia. Its main hub is Zurich Kloten Airport (ZRH). must seek out further cost-cutting opportunities in view of today's sky-high fuel prices, CEO Christoph Franz said during the Star Alliance meeting in Johannesburg. Labor costs in particular must come down. "We require much concessions from our employees. Now it is the turn of our Airbus pilots," he said. Negotiations with pilots are underway. Franz declined to provide specific savings targets, but said in a clear statement, "less money, more flying." Swiss already has implemented higher productivity on its A320 fleet. For the summer schedule, the fleet will have turnaround times reduced to 30 min. on some sectors, resulting in a 6% increase in productivity and the equivalent of 1.5 extra aircraft including improvements in the Avro fleet. Apr 12, 2006 |
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