Airline Finance News - Europe.For more airline finance news, data and analysis, please go to: http://www.airguideonline.com/professional.htm May 29, 2006 Air Finland Air Finland is an airline based in Helsinki, Finland. It operates charter and scheduled services, as well as wet leases. Its main base is Helsinki-Vantaa Airport[1]. Air Finland, in its third year of operation, said it earned a [euro]1.1 million ($1.4 million) profit and carried 404,000 passengers in 2005, numbers that "exceeded all its targets." Revenues were "slightly over" [euro]51 million. It said it expects to carry more than 500,000 passengers in 2006 and its financial result "is expected to be better than the year before." Jun 2, 2006 Alitalia Alitalia Italian international airline with headquarters in Rome. Although the airline no longer commands monopoly status in its country, as of 2002 the Italian government still owned a majority share of the company. Alitalia corrected a report in Il Corriere della Sera Corriere della Sera ("Evening Courier") is an Italian daily newspaper (first in sales [2]), published in Milan. It is the most famous Italian national newspaper, and among the oldest, founded on Sunday, March 5 1876 by Eugenio Torelli Viollier. claiming the carrier suffered a [euro]102 million ($131.2 million) revenue shortfall Shortfall The amount by which the capital required to fulfill a financial obligation exceeds available capital. Notes: Shortfall risk is often combated with an efficient hedging strategy created by a fund, group, institution, or individual. in the first four months compared to its forecast. "To be underlined is that revenues estimates mentioned in the article are not total revenues estimates but just estimates related to the passenger business (cargo and other revenues are not included) and therefore they do not provide a complete picture," the carrier noted in a statement. It added that "on the negative difference on budgeted January January: see month. to April revenues, it's it's 1. Contraction of it is. 2. Contraction of it has. See Usage Note at its. it's it is or it has it's be ~have important to remember that Alitalia scored in the first quarter 2006 a decrease of passenger revenues of approximately [euro]80 million vs. company expectations due to January strikes and bad weather,". Jun 2, 2006 Alitalia Alitalia said it posted a "good performance" in April that reflected a recovery after last January's strikes, particularly in the leisure segment. Traffic increased 6% on the year-ago month to 3.25 billion RPKs on a 3.3% capacity reduction to 4.3 billion ASKs. Load factor gained 6.6 points to 75.6%. Passenger boardings were up 5.1% to 2.08 million. The carrier noted that the timing of Easter this year benefited nonpremium traffic, driving strong load factor improvement. Jun 2, 2006 |
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