Airline Finance News.ANA Group ANA Group, on the back of higher traffic and strong long-haul premium class business to the US and Europe, raised its net profit forecast to [yen]23 billion ($196.8 million) for the fiscal year ending March 31. The final quarter will be its 11th consecutive profitable quarter. On Jan. 31, ANA said it expected a consolidated 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. of 165;78.5 billion on revenues of [yen]1.35 trillion but it now expects an operating profit of [yen]86 billion on revenues of [yen]1.37 trillion. Other factors in the improvement are domestic service enhancements such as new seating, expansion of its Super Seat Premium product to more routes and its move into the new terminal at Tokyo Haneda. Mar 30, 2006 Copa Holdings Copa Holdings' annual profit rises more than 20%. Copa Holdings, parent of Panama's Copa Airlines and Colombia's AeroRepublica, concluded "an excellent year" with yesterday's announcement of a record profit of $82.7 million for 2005, an increase of 20.6% over a 2004 profit of $68.6 million, and fourth fiscal quarter net earnings of $17.4 million, a 46.3% improvement over the $11.9 million earned in the year-ago period.Copa credited high demand, improved economic conditions in Latin America Latin America, the Spanish-speaking, Portuguese-speaking, and French-speaking countries (except Canada) of North America, South America, Central America, and the West Indies. and the popularity of its "Hub of the Americas" at Tocumen International Airport Tocumen International Airport (Spanish: Aeropuerto Internacional de Tocumen) (IATA: PTY, ICAO: MPTO) is an international airport located 15 miles (24 km) from Panamá City, Panamá. for its performance. Annual revenues surged 52.2% to $608.6 million as expenses increased 58.5% to $503.1 million 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 a 138.7% rise in fuel costs to $149.3 million. Operating income Operating Income The profit realized from a business' own operations. Notes: This would not include income from things such as investments in other firms. Also referred to as operating profit or recurring profit. grew 28.1% to $105.5 million. Mar 31, 2006 Etihad Etihad expects significant growth, financial return in coming years. Etihad Airways' owner, the government of the United Arab Emirates United Arab Emirates, federation of sheikhdoms (2005 est. pop. 2,563,000), c.30,000 sq mi (77,700 sq km), SE Arabia, on the Persian Gulf and the Gulf of Oman. , expects a return on its investment by 2009, VP-Commercial Geert Boven said.The government invested AED AED - Automated Engineering Design 500 million ($136 million) to have its own national carrier, yet "we have to run the airline as a commercial enterprise. The government expects return on investment within the four or five years after its launch in 2003," according to Boven, who admitted the government is seeking recognition as an important player on the international business stage as well as financial return. Etihad , in 2005, its second full year of operation, Etihad flew 950,000 passengers. This year it anticipates 2.5 million, down from the 3 million it forecast originally owing to late deliveries of its 777s and A330s. By 2010 it expects to operate 35 widebody aircraft to 70 destinations. Mar 29, 2006 Gol Finance Gol said its wholly owned Gol Finance priced its previously announced offering of $200 million aggregate principal amount of 8.75% senior unsecured perpetual notes. The notes have no fixed final maturity date but will be callable Callable Applies mainly to convertible securities. Redeemable by the issuer before the scheduled maturity under specific conditions and at a stated price, which usually begins at a premium to par and declines annually. at par after five years. Proceeds will be used to finance acquisition of 737NGs "as a complement to its US Eximbank guaranteed bank financing." The transaction is expected to close April 5. Mar 31, 2006 Qantas Qantas said yesterday it plans to raise $400 million of unsecured debt Unsecured debt Debt that does not identify specific assets that the debtholder is entitled to in case of default. through a Rule 144A/Regulation S offering of 6.05% 10-year notes due in 2016. The offering is priced at 133 basis points over the 10-year US benchmark treasury bond. "The notes were rated Baa1 by Moody's Investor Services and BBB BBB A medium grade assigned to a debt obligation by a rating agency to indicate an adequate ability to pay interest and repay principal. However, adverse developments are more likely to impair this ability than would be the case for bonds rated A and above. + by Standard & Poor's and were well received by investors," Qantas CFO See Chief Financial Officer. Peter Gregg said. "We are pleased with our ability to continue to diversify our funding sources and extend our debt maturity profile." Proceeds will be used for general corporate purposes that may include aircraft acquisitions, the airline said. Mar 30, 2006 Royal Jordanian Royal Jordanian signed a three-year, $3.2 million agreement with SITA for a "complete solution for its IT business," enabling interoperability with its future oneworld partners. Approximately 600 RJ employees will require on-the-job training to operate the new applications. RJ also signed an agreement with Hitit Computer Services to use its Crane frequent-flier solution starting in June. Mar 29, 2006 |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion