Airline Finance News - Europe.Jul 30, 2007 Adria Airways Adria Airways is an airline based in Ljubljana, Slovenia, Europe. It is the national airline of Slovenia and a regional member of the Star Alliance. It operates international scheduled services throughout Europe and charter services to destinations in Europe and the Middle East. Adria said it carried 478,372 passengers in the first semester, up 7% on the year-ago period, with load factor rising to 63.9%. June passenger numbers grew 14% year-over-year to 114,907 at a 68.4% load factor. Jul 26, 2007 Albanian Airlines Albanian Airlines MAK Sh. p.k. (trading as Albanian Airlines) is an airline based in Tirana, Albania. It operates scheduled international services. Its main base is Tirana International Airport Nënë Tereza. Aviareps was appointed by Albanian Airlines as its GSA (1) (Global mobile Suppliers Association, Sawbridgeworth, U.K., www.gsacom.com) A membership organization of suppliers of GSM products and services. Its goal is to promote GSM as the worldwide mobile communications standard. See GSM Association and GSM. for the Netherlands, Belgium, France and the UK. Jul 24, 2007 Alitalia Options Running Out To Save Alitalia. Italy is happy to sell Alitalia to anyone willing to turn the loss-making national airline around -- no matter where the new owners come from, an Italian minister said. Embarrassed by the collapse of Alitalia's auction last week when the last bidders pulled out, Rome is now scrambling for new options to sell the airline and prevent it from being shut down. Jul 24, 2007 Emirates Emirates announced the opening of a $120 million, 526,400-sq.-ft., purpose-built catering facility in Dubai capable of producing 115,000 inflight meals per day. The new kitchen will serve EK exclusively while the existing facility will serve third-party customers. Emirates Flight Catering has a current asset value of $2.45 million, which is expected to rise to $4.36 million over the next seven years. Jul 25, 2007 Lufthansa Lufthansa yesterday released its full first-half and second-quarter financial performance, confirming the [euro]992 million six-month profit announced Wednesday and its forecast of a full-year 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. "significantly above" [euro]1 billion. First-half operating profit rose 83.7% to [euro]621 million. Second-quarter profit of [euro]438 million compared to the [euro]183 million posted in the year-ago quarter. Second-quarter group revenue rose 3.7% year-over-year to [euro]5.39 billion and operating profit climbed 47.1% to [euro]565 million. LH credited record passenger traffic, a [euro]503 million gain on the sale of its Thomas Cook For the company, see Thomas Cook AG. Thomas Cook (22 November 1808 – 18 July 1892) of Melbourne, Derbyshire, founded the travel agency that is now Thomas Cook AG. He was brought up as a strict Baptist and joined his local Temperance Society. stake and the contributions of recently acquired 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). for the outstanding semester result. Jul 27, 2007 Lufthansa Lufthansa Cargo Lufthansa Cargo is the cargo airline subsidiary of Lufthansa based in Frankfurt, Germany. It is an international air freight and logistics company operating worldwide services. Its main bases are Frankfurt International Airport and Cologne Bonn Airport [1]. reported a 35.5% profit decline to [euro]40 million, Lufthansa Technik an 8.1% profit increase to [euro]134 million, Lufthansa Systems Lufthansa Systems AG is one of the world’s leading IT service providers for the airline and aviation industry. It has around 3,320 employees in several locations in Germany and offices in 17 countries and is headquartered in Kelsterbach near Frankfurt. a 26.3% decrease to [euro]14 million and Catering a reversal to a [euro]36 million profit from a [euro]9 million loss in the year-ago semester. The Service and Financial Companies segment saw profit more than double to [euro]161 million. Jul 27, 2007 Lufthansa Lufthansa does not want to partner with financial investors in any takeover, finance chief Stephan Gemkow told reporters on Thursday. He added that nothing had changed in relation to the carrier's interest in Spain's Iberia, which Lufthansa has said is too expensive. Reports of interest in Spanair were simply a "rumor", he added. The finance chief also said the airline expected a full-year operating result of up to EUR EUR In currencies, this is the abbreviation for the Euro. 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. 1.3 billion euros (USD USD In currencies, this is the abbreviation for the U.S. Dollar. 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. $1.80 billion), in line with market expectations. The carrier said late on Wednesday it expected to achieve a result significantly over EUR1 billion. Jul 26, 2007 Lufthansa Lufthansa has joined Portuguese carrier TAP and Spanish tour operator Marsans in a bid for Spanair, which is currently up for sales by Scandinavian carrier 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. and have requested financial information from the airline, 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. several reports in Spanish media outlets. Jul 25, 2007 Lufthansa, Spanair Lufthansa Looking At Offer For Spanair. Lufthansa is talking to Noun 1. talking to - a lengthy rebuke; "a good lecture was my father's idea of discipline"; "the teacher gave him a talking to" lecture, speech rebuke, reprehension, reprimand, reproof, reproval - an act or expression of criticism and censure; "he had to contacts in Spain and Portugal about an offer for Spanair, which is being sold by Scandinavian carrier SAS, a Spanish newspaper reported. Citing sources close to Spanair, the Cinco Dias newspaper said Lufthansa wants to use its links to Spanish travel firm Marsans and Portuguese airline TAP to reinforce its expansion into southern Europe. No-one at Spanair was immediately available for comment. Jul 23, 2007 Swiss International Air Lines Swiss International Air Lines named Peter Wojahn chief technical officer effective Sept. 1. Jul 26, 2007 UTair Airlines UTair Airlines reported a 40% year-over-year increase in revenue to RUB9 billion ($354.3 million) for the first half of 2007, Russia's AK&M reported. Passenger numbers climbed 21% to 1.3 million and traffic was up 25% to 1.93 billion RPKs. Jul 25, 2007 ZZ Editorial eMail: edit@AirGuideOnline.com For Air Transport & Travel Business Experts contact our Director of Content Aram Gesar 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 service that keeps travelers informed on flight and airport status via the Web. For more go to http://www.airguideonline.com/airline_tracker.htm Copyright [c] 2007 Pyramid Media Group / Air Travel Media. All rights reserved. |
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