Airline Finance News - Europe.Sep 17, 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, , Ryanair Aer Lingus said the appeal filed by Ryanair over its proposed takeover would fail, as the EU Commission concluded that the deal presented monopoly concerns. Ryanair said on Monday it had lodged an appeal with the European Court European Court could mean:
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 flew 19.35 billion RPKs in August, up 6.9% from the year-ago month. Capacity climbed 5.7% to 22.7 billion ASKs, lifting load factor 1 point to 85.3%. Sep 12, 2007 Air France Air France reported strong growth in passenger traffic (6.9 percent) and a rise in unit revenue. Traffic was up 6.9 percent, with capacity up 5.7 percent. The airline's load factor gained on point to reach 85.3 percent. Its long-haul load factor was more than 87 percent. American network American Network is cable/satellite television network. It broadcasts only American shows. Is part of Televisa Networks, as affiliate on Televisa. Programs broadcast by American Network Talk Shows
Alitalia Alitalia Group excluding Volare Volare is the Latin and Italian word for the verb to fly; adding an acute accent on the final e (volaré) it is also the Spanish word for I will fly. carried 11.9 million passengers in the half-year, up 2.1%. Load factor inched up 1.3 points to 73.3%. Yield fell 1.9%. Sep 14, 2007 Alitalia Alitalia 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. for the six months ended June 30 amounted to [euro]127.4 million, narrowed from a [euro]130.6 million operating loss in the first half of 2006. Net debt as of June 30 was [euro]988 million, similar to its debt position a year earlier. Cash and cash equivalents, however, shrank year-on-year to [euro]562 million from [euro]893 million and from [euro]706 million at year end 2006. Sep 14, 2007 Alitalia Alitalia posted a consolidated net loss of [euro]211.1 million ($292.7 million) for the first half of 2007, slightly narrowed from a [euro]220.2 million loss in the year-ago period. The carrier's board last week outlined financial and performance targets for its "survival/transition" plan that aims to keep Alitalia viable through 2010 as it continues to seek a sale to private investors. Sep 14, 2007 Alitalia Alitalia revenue rose 3.1% to [euro]2.31 billion from [euro]2.24 billion in the year-ago period. Operating costs operating costs npl → gastos mpl operacionales grew 3% to [euro]2.44 billion as fuel costs fell 1.5% to [euro]464 million and personnel costs increased 14% to [euro]439 million. Sep 14, 2007 Alitalia Alitalia Denies Air France High-Level Talks Report Alitalia denied on Wednesday an Italian news agency report that it was in high-level talks with 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. as part of its efforts to find a buyer. Sep 12, 2007 Alitalia, Air France KLM KLM Kaiserliche Marine (Enigma: Rising Tide game) KLM Koninklijke Luchtvaart Maatschappij (Royal Dutch Airlines) KLM Klub Langer Menschen (German: Tall Person Club) Alitalia denied an Italian news agency report that it was in high-level talks with Air France KLM as part of its efforts to find a buyer. Alitalia's long-time commercial partner Air France-KLM is frequently cited in Italian media as a likely buyer for the airline, whose privatization privatization: see nationalization. privatization Transfer of government services or assets to the private sector. State-owned assets may be sold to private owners, or statutory restrictions on competition between privately and publicly owned flopped in July, despite repeated denials by the French airline. Air France-KLM has said it would only be interested if Alitalia turned its business around, but recently added it would listen if approached by the Italians. Alitalia denied the existence of such high-level contacts and said management of both companies met regularly as part of their commercial agreements and their membership of the SkyTeam marketing alliance of airlines. Sep 12, 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. , Lauda Air Lauda Air, the leisure subsidiary of Austrian Airlines, hopes to present a profit this year after a 2006 loss. "We reduced our capacity 12% this summer by operating without two A321s," 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. Thomas Suritsch said. The carrier transported 792,000 passengers in the first seven months of 2007 and expects up to 1.4 million for the full year. Suritsch said there are no additions planned to a fleet of six 737-800s and two A320s operating under the Lauda brand, as the airline is more concerned with consolidating its financial performance. "On the European medium-haul network, we serve all the important destinations. Lauda Air is in a stable situation again," he said. For the coming winter season, one -800 will be leased out to Icelandic operator JetX. Sep 10, 2007 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. , Virgin Atlantic Passengers hoping for compensation for fuel surcharges. Travelers are taking notice of admissions by British Airways and Virgin Atlantic that the carriers colluded to set fuel surcharges on long-haul flights. Some lawyers are organizing class-action suits on behalf of British and American fliers, contending that the fees were derived from illegal activity and should therefore be refunded. The airlines dispute that conclusion, saying the fees didn't fully cover their expenses and are therefore not recoverable. Sep 10, 2007 Brussels Airlines Brussels Airlines is a Belgian airline based at Brussels Airport. It operates to over 50 destinations in 20 European countries, as well as long-haul flights to East, Central and West Africa. , Hewa Bora Airways Hewa Bora Airways is an airline based in Barumbu, Kinshasa, Democratic Republic of the Congo. It is one of Congo's largest airlines and operates regional and domestic services. Its main base is Kinshasa International Airport. Brussels Airlines Group and Hewa Bora Airways reached agreement jointly to create a new Congolese airline to be based at Kinshasa N'Djili Airport. It will operate both domestic and international services aboard Boeing 737s and BAe 146s. BAG's participation in the new company is through its Pan African Airlines Pan African Airlines is an airline based in Nigeria. Code Data
The Nigerian government set a deadline of April 30 2007 for all airlines operating in the country to re-capitalise or be grounded, in an effort to ensure Leasing Co. affiliate, which is based in Mauritius and specializes in developing African aviation projects and partnerships. HBA (Host Bus Adapter) See host adapter. owns 51% of the new airline, with Pan African holding the remainder. Sep 12, 2007 CSA (1) (Canadian Standards Association, Toronto, Ontario, www.csa.ca) A standards-defining organization founded in 1919. It is involved in many industries, including electronics, communications and information technology. Czech Airlines CSA Czech Airlines (in Czech: České aerolinie (abbreviation: ČSA)) is the Czech national airline company, and former national carrier of Czechoslovakia based at Ruzyně International Airport, Prague. CSA Czech Airlines said on Sept. 13 it had slashed losses in the first half to CZK CZK In currencies, this is the abbreviation for the Czech Koruna. 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. 175 million crowns (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. $8.8 million) from CZK773 million a year ago, as the company proceeded with a restructuring plan. The government agreed on Wednesday to sell the airline once the restructuring process is completed next year. CSA said operating revenues from scheduled and charter flights rose 6.4 percent to CZK10.3 billion. Sep 13, 2007 CSA Czech Airlines CSA Czech Airlines served 2.49 million passengers in the first half, up one percent from a year ago. CSA said the results confirmed the company was on track to meet its CZK42 million profit outlook for the full year, a swing from a loss of CZK397 million last year. "The improvement is driven by meeting the plan on the side of revenues and achieving higher cost savings," Chief Executive Radomir Lasak said in a statement. Sep 13, 2007 EasyJet EasyJet transported 3.7 million passengers in August, up 17.8% from the year-ago month. Load factor fell 1.9 points to 87.4%. Sep 12, 2007 Finnair Finnair flew 1.77 billion RPKs in August, up 19.8% from the year-ago month. Capacity rose at the same rate to 2.3 billion ASKs, leaving load factor at 77.1%. Sep 13, 2007 KLM KLM appointed Barbara van Koppen general counsel. She has been company secretary since September 2005 and will retain that title. Sep 14, 2007 Lufthansa Lufthansa Group carriers flew 13.12 billion RPKs in August, a 30.2% increase from the year-ago month, against a 24.6% rise in ASKs to 16.43 billion. Load factor rose 3.5 points to 79.9%. Sep 12, 2007 Lufthansa Lufthansa, Europe's second-largest airline said traffic rose 7.1% to more than 5 million passengers in August. Passenger load factor, a measure of how full an airline's planes are, improved to 79.9% from 76.4% in the year-ago period. At Swiss International, which has been fully consolidated since July, the load factor remained stable at 84.1%. Sep 11, 2007 Ryanair European Commission launched a formal investigation into support that would have been granted by the Sardinia Region and SOGEAAL, the publicly owned company operating Alghero Airport, to various air carriers and by the Sardinia Region to SOGEAAL itself. The EC said its investigation will focus on agreements between SOGEAAL and Ryanair concerning marketing support and other contributions, handling fee rebates apparently granted to LCCs serving the airport, and financial support and compensation granted to SOGEAAL for its operating losses and a capital increase. Sep 13, 2007 Ryanair Ryanair cited Aer Lingus' 58% first-half profit drop and its abandonment of its Shannon-London Heathrow service as signs the flag carrier has been reduced to a "small, peripheral regional airline." The LCC (Leadless Chip Carrier, Leaded Chip Carrier) See leadless chip carrier, CLCC and PLCC. 1. LCC - Language for Conversational Computing. Written at CMU in the 1960's. said it was "confident" the decision would be overturned since it promised to maintain separate brands and competition, reduce EI's costs and guarantee annual fare savings of [euro]100 million. "This merger, which accounts for less than 5% of the EU air transport market, was clearly pro-competition," Callaghan argued. Sep 11, 2007 Ryanair Ryanair yesterday said it submitted its appeal against the EU's "unlawful and politically motivated" decision to bar the LCC's acquisition of Aer Lingus to the European Court of First Instance in Luxembourg. "We are confident that the CFI CFI abbr. cost, freight, and insurance will overturn this decision in the interests of consumers and the competitiveness of the industry. As always with the European Commission, there seems to be one rule for the national megacarriers and a completely different one for Ryanair," Head of Regulatory Affairs Jim Callaghan said. Sep 11, 2007 Ryanair, Alitalia Low-cost carrier Ryanair this week stepped into Alitalia's backyard saying it was ready to launch 80 routes from Milan airports Orio al Serio Orio al Serio is a comune (municipality) in the Province of Bergamo in the Italian region of Lombardy, located about 45 km northeast of Milan and about 4 km southeast of Bergamo. As of 31 December 2004, it had a population of 1,671 and an area of 3.0 km². , where it already operates, and Malpensa, a new departure, with planes worth more than USD$1 billion from its fleet. Transport Minister Alessandro Bianchi said on Saturday the ministry is to hold a Monday meeting to discuss Alitalia slots at Malpensa, adding it would be "silly" not to consider Ryanair's offer. Sep 16, 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 real-time service that keeps travelers informed on flight and airport status, delays, security wait times 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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