Airline Finance News - Europe.Apr 30, 2007 Aer Lingus Aer Lingus is Ireland's national airline. Based in Dublin, it operates 41 Airbus aircraft serving Europe, Africa, North America and the Middle East. The airline is 28% owned by the Irish government; it was floated on the Dublin and London Stock Exchanges on 2 October 2006, Aer Lingus flew 1.12 billion RPKs in March, a 9.5% increase from the year-ago month. Capacity was up 12.9% to 1.48 billion ASKs, dropping load factor 2.3 points to 75.5%. Apr 23, 2007 Air Greenland Air Greenland is the regional airline of Greenland, based in Nuuk. It operates largely domestic services, with international services to Copenhagen and Baltimore . It offers concessional air services to all communities in Greenland and operates charter, taxi and special flights, Air Greenland said it posted a DKK DKK In currencies, this is the abbreviation for the Danish Krone. 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. 75 million ($13.7 million) profit in 2006 on record revenues of more than DKK1 billion. It recorded a 2005 profit of $6.5 million on $137.8 million in revenue, 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. "World Airline Report." The company also announced the election of Greenland Tourism and Business Council Communications Manager Julia Pars as chairman replacing retiring Peter Gronvold Samuelsen. Apr 24, 2007 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 flew 1.75 billion RPKs in March, down 0.4% from the year-ago month. Capacity dropped 4.2% to 2.35 billion ASKs, lifting load factor 2.8 points to 74.7%. Apr 25, 2007 British Airways British Airways yesterday signaled its intent to delist its American Depository Shares from the New York Stock Exchange New York Stock Exchange (NYSE) World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. and terminate its reporting obligations under the US Securities Exchange Act of 1934, a move it said will save it approximately [pounds sterling]10 million ($20 million) annually. British Air will file the required form with the US Securities and Exchange Commission "on or about" May 8 and its deregistration deregistration removal of right to practice by local registering body, usually as a disciplinary measure because of professional misconduct, possibly because of inability to perform because of psychiatric problem. form "as soon as practicable" after June 4. Its American Depository Receipts American Depository Receipt n. called in the banking trade an ADR, it is a receipt issued by American banks to Americans as a substitute for actual ownership of shares of foreign stocks. will trade on the over-the-counter market over-the-counter market Trading in stocks and bonds that does not take place on stock exchanges. Such trading occurs most often in the U.S., where requirements for listing stocks on the exchanges are strict. . BA said that only 3% of its shares are held in the ADS program and that the average trading volume Trading volume The number of shares transacted every day. As there is a seller for every buyer, one can think of the trading volume as half of the number of shares transacted. That is, if A sells 100 shares to B, the volume is 100 shares. for the year ended March 31 was less than 5%. New SEC rules allow foreign issuers to deregister if trading volume is sufficiently low. Apr 26, 2007 British Airways, Iberia British Airways has approached a number of private equity companies about making a consortium takeover bid for Spanish airline Iberia, British Air said on Monday. Apr 23, 2007 Jat Airways Jat Airways said it expects 2007 to be "the most successful business year over the past 17 years" based on traffic trends through the first 100 days. It transported 237,201 passengers during the period, a 5.6% increase from a year ago, with a 2.5-point rise in load factor to 51.8%.said it expects 2007 to be "the most successful business year over the past 17 years" based on traffic trends through the first 100 days. It transported 237,201 passengers during the period, a 5.6% increase from a year ago, with a 2.5-point rise in load factor to 51.8%. Apr 25, 2007 Lufthansa Lufthansa unveils first-quarter figures, projects [euro]1 billion 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. Lufthansa yesterday released a full first-quarter earnings report in which it highlighted the [euro]554 million ($755.7 million) net profit announced Wednesday and said that it will achieve a [euro]1 billion full-year operating profit assuming "the current positive framework conditions remain intact." Apr 27, 2007 Martinair Martinair posted a [euro]7 million ($9.5 million) net loss in 2006, reversed from a profit of [euro]14 million in 2005, as both its cargo and passenger activities were impacted by high fuel prices. 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. was [euro]17 million compared to a prior-year operating profit of [euro]22 million. Turnover climbed 9.1% to [euro]1.2 billion. Passenger revenue rose 10% to [euro]377 million but the operation suffered a loss of [euro]15 million, widened from [euro]7 million in 2005. Cargo revenue was up 13% to [euro]798 million on a 6% growth in volume to 3.7 billion CTKs. The cargo operation lost [euro]3 million, a major reversal from 2005's [euro]40 million profit. Apr 25, 2007 ZZ Editor: Aram Gesar, eMail: edit@AirGuideOnline.com For Air Transport & Travel Business Experts contact 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, free service that aims to keep travelers informed 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. Apr 23, 2007 |
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