Airline Finance News - Europe.For more airline finance news, data and analysis, please go to: http://www.airguideonline.com/professional.htm Jul 31, 2006 Alitalia Alitalia said its net debt as of June 30 was [euro]896 million ($1.13 billion) compared to [euro]914 million on May 31. Jul 28, 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 announced its half-year financial results yesterday and revealed that it will not achieve a balanced adjusted EBIT EBIT See: Earnings Before Interest and Taxes EBIT See earnings before interest and taxes (EBIT). this year as planned 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 "continued high kerosene kerosene or kerosine, colorless, thin mineral oil whose density is between 0.75 and 0.85 grams per cubic centimeter. A mixture of hydrocarbons, it is commonly obtained in the fractional distillation of petroleum as the portion boiling off prices that exceed our budgetary assumptions, already set high as a precautionary measure, and because of the negative consequences of the capacity bottlenecks that have emerged at Austrian air traffic control since spring," 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. 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. Alfred Oetsch. Jul 26, 2006 Austrian Airlines Austrian Airlines Group 's six-month loss narrowed to [euro]61 million ($77.1 million) from [euro]79 million in the first half of 2005 but its quarterly loss of [euro]3.9 million was a reversal from a [euro]3.4 million profit in the second quarter last year. Quarterly operating revenues climbed 9.9% to [euro]694.7 million and expenses rose 5.5% to [euro]685.6 million. Adjusted EBIT nearly tripled to [euro]6.1 million from [euro]2.1 million. For the semester, operating revenue increased 13.2% to [euro]1.26 billion while expenses grew 7.9% to [euro]1.3 billion and adjusted EBIT narrowed to a [euro]47.8 million loss from a [euro]64.1 million loss. Jul 26, 2006 Austrian Airlines Austrian Airlines Group will hold talks with unions representing flightcrew and ground staff with the hope of revamping labor agreements by the end of September. "We have to be more flexible in time and money," Oetsch said. No details concerning the carrier's objectives were divulged. It also will evaluate whether or not to maintain its relationship with its Lauda Air subsidiary. CFO See Chief Financial Officer. Thomas Kleibl said the company will not release a financial forecast for 2007. Jul 26, 2006 Austrian Airlines Austrian Asks For Fuel Price Probe. Austrian Airlines has asked the country's competition watchdog to investigate Austrian oil and gas group OMV's pricing of kerosene, it said in a statement on Tuesday. Jul 25, 2006 bmi british midland British midland may refer to:
BMI Faces Possible Pilot Strike. UK airline bmi said on Thursday it expects pilots at its no-frills division, bmibaby, to vote against a proposal to strike over pay and pensions. Jul 26, 2006 British Airways British Airways sold its 14.6% shareholding in WNS WNS Washington (DC) Numismatic Society WNS WADP Numbering System (World Association for the Development of Philately) WNS Wireless Network Security WNS Weismann-Netter Syndrome WNS Western Snow Conference , an Indian business services company, for a net $96 million. BA said it will report a gain on the disposal of approximately [pounds sterling]48 million ($88.7 million) in the second quarter and use the proceeds to pay existing debt, which amounted to [pounds sterling]4.1 billion as of March 31. Jul 27, 2006 Lufthansa Lufthansa reverses first-half fortunes with strong second quarter. Lufthansa released preliminary financial results for first-half 2006 that showed a profit of [euro]85 million ($107.3 million) compared to [euro]0.2 million in net earnings for the same period in 2005.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. increased 17.4% to [euro]297 million from [euro]253 million, while revenues climbed 12.9% to [euro]9.6 billion. LH said the addition of the stakes acquired in 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). and the Eurowings companies should be taken into account when making year-over-year comparisons. The company will release complete data Friday. LH lost [euro]98 million in the first quarter, suggesting that its second-quarter profit came to [euro]183 million on revenues of [euro]5.15 billion. It earned [euro]116 million in the second quarter of 2005. Bloomberg News reported that 14 analysts surveyed by the organization forecast first-half profits of [euro]95 million. Jul 27, 2006 SAS Group SAS Group airlines flew 3.66 billion RPKs in June, a 7.1% increase over the year-ago month. Capacity climbed 3.3% to 4.78 billion ASKs, lifting load factor 2.7 points to 76.6%. 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 flew 2.6 billion RPKs, a 0.5% decline, against a 2.4% fall in capacity to 3.26 billion ASKs. Load factor rose 1.5 points to 79.9%. Jul 24, 2006 SN Brussels Airlines SN Brussels Airlines (SNBA) was a former national airline of Belgium, which mainly operated from Brussels Airport. SNBA was the trading name of the Belgian airline Delta Air Transport. SNBA was a full-service airline, connecting Brussels with the rest of Europe. SN Brussels Eyes Rwandair Stake. Belgian airline SN Brussels wants to buy a stake in Rwanda's flag carrier Rwandair Express, national dailies reported on Wednesday. Jul 26, 2006 Swiss International Swiss International Air Lines and the Aeropers pilots union agreed on the principles of a new three-year labor agreement that will become effective Nov. 1 if approved. The pilots had threatened a strike after the previous accord expired earlier this month. The parties agreed not to reveal details of the deal until it has been submitted to union members for approval. Jul 25, 2006 |
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