Airline Finance News - Europe.For more airline finance data and analysis, please go to: http://www.airguideonline.com/professional.htm Air France Air France in full Compagnie Internationale Air France French passenger and cargo airline with more than 200 destinations in some 80 countries. It introduced supersonic Concorde service in 1976, but financial loss led the company to cease its Concorde Air France increased its fuel surcharge by [euro]7 ($8.90) per segment on long-haul flights effective April 28. Increases will be withdrawn when price per barrel falls below $60 for 30 consecutive days. May 9, 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 16.49 billion RPKs in April, a 10% increase over the year-ago month. Capacity rose 4.8% to 19.86 billion ASKs and load factor was up 3.9 points to 83.1%. AF-KLM flew 918 million RTKs, an increase of 1.1%, as cargo capacity grew 2.1% to 1.36 billion ATKs. May 10, 2006 British Airways British Airways in full British Airways PLC International passenger airline based in London. In 1936 British Airways Ltd. was founded through the merger of three smaller airlines. British Airways flew 9.83 billion RPKs in April, up 9.8% on the year-ago month. Capacity rose 4.2% to 12.49 billion ASKs, lifting load factor 4 points to 78.7%. BA said the increase in traffic comprised a 3.8% gain in premium and a 10.9% lift in nonpremium traffic. May 9, 2006 British Midland British midland may refer to:
British Midland Plc, the owner of bmi, bmi regional and bmibaby, has confirmed that chairman Sir Michael Bishop Michael Bishop may refer to:
BBW Big Black Women BBW Beautiful Black Women BBW Broadband Wireless BBW Bath & Body Works BBW Big Bad Wolf BBW Buyer Beware BBW Broken Bow, Nebraska (Airport Code) BBW Brake-By-Wire Partnership Ltd., also registered at Donington Hall. Sir Michael now owns 50% plus 1 share, Lufthansa has a shareholding of 30% minus 1 share and SAS (1) (SAS Institute Inc., Cary, NC, www.sas.com) A software company that specializes in data warehousing and decision support software based on the SAS System. Founded in 1976, SAS is one of the world's largest privately held software companies. See SAS System. Scandinavian Airlines 20%. http://www.flybmi.com May 14, 2006 British Midland Chairman Michael Bishop tightened his control on the UK airline group by buying out his long-term sleeping partners in the BBW Partnership, which holds the controlling majority stake in the group. John Wolfe and Stuart Balmforth each owned stakes of 24.9% in BBW with Bishop holding the remainder. The group confirmed the transaction in a short statement. Bishop now owns 50% plus one share, Lufthansa holds 30% minus one share and SAS Scandinavian Airlines owns 20%. The timing of the deal is interesting as it gives Bishop a free hand to deal with LH and SAS, who reportedly would like to divest To deprive or take away. Divest is usually used in reference to the relinquishment of authority, power, property, or title. If, for example, an individual is disinherited, he or she is divested of the right to inherit money. from the loss-making venture. Bmi holds approximately 12% of the slots at London Heathrow and Lufthansa was attracted by the prospect of eventually using some slots for flights to the US. However, the Open Aviation Area between the EU and US has not materialized. Some insiders speculate Bishop might reopen negotiations with Richard Branson Sir Richard Charles Nicholas Branson (born 18 July 1950 in Shamley Green, Surrey, England), is a British entrepreneur, best known for his Virgin brand of over 360 on a merger with Virgin Atlantic or a sale of bmi. May 12, 2006 Condor Airlines Condor Flugdienst is an airline based in Germany. It is Germany's largest holiday airline, operating services to the Mediterranean, Asia, Africa, North America and the Caribbean. Condor made a profit of [euro]20.5 million ($26.2 million) in 2005 compared to a loss of [euro]39 million the year before. "But we have to demonstrate profitability and must increase earnings up to [euro]80-[euro]90 million to be available to invest in the future," Teckentrup stated. He said the airline will continue to focus closely on reducing costs. Employment is down 30% over the past two years while the fleet was downsized from 50 to 36 aircraft. May 12, 2006 Finnair Group Bottom-line plunge prompts changes at Finnair. Finnair Group on Friday unveiled a cost-cutting plan aimed at achieving annual savings of [euro]80 million as it reported a first-period loss of [euro]3.8 million ($4.8 million), reversing last year's March quarter profit of [euro]12.2 million. May 8, 2006 Lufthansa Group Lufthansa results reveal narrower net loss, trebled operating loss operating loss The excess of operating expenses over revenue. As with operating income, operating losses exclude revenues and expenses from operations that are not considered a regular part of the business. Also called deficit. Compare operating income. . Preliminary figures released yesterday by Lufthansa Group indicate the company narrowed its first-quarter net loss to [euro]98 million ($124.6 million) from [euro]116 million in the 2005 quarter. May 11, 2006 SkyEurope Airlines SkyEurope Airlines transported 124,514 passengers in April, a 63% increase over the year-ago month. Load factor remained at 74.7%. For more please go to: http://www.airguideonline.com/professional.htm May 10, 2006 |
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