Company Watch - Iberia.Mar 5, 2007 Aviapartner started handling Iberia's flights at Rome Fiumicino, Milan Malpensa and Milan Linate. Mar 1, 2007 Iberia carried 27.8 million passengers in 2006. Traffic rose 7% to 52.49 billion RPKs on a 3.4% increase in capacity to 65.8 billion ASKs, improving load factor 2.7 points to 79.8%, a new record for the Spanish carrier. Yields gained 2.6% to [euro]0.076 and passenger unit revenues climbed 6.2% to [euro]0.06. Operating expense Operating Expense The essential things that a company must purchase in order to maintain business. Notes: For example, the payment of employees wages are an operating expense. Also known as OPEX. per ASK was ahead 5.8% to [euro]0.08, or 0.2% to [euro]0.062 excluding fuel. Feb 28, 2007 Iberia fourth quarter ended Dec. 31, net loss reached [euro]9.4 million, widened from a [euro]5.8 million deficit in the year-ago period. Revenues rose 7.8% to [euro]1.37 billion and expenses grew 4.4% to [euro]1.33 billion. EBIT EBIT See: Earnings Before Interest and Taxes EBIT See earnings before interest and taxes (EBIT). was [euro]48.6 million, which the company said represented a sixfold sixfold Adjective 1. having six times as many or as much 2. composed of six parts Adverb by six times as many or as much Adj. 1. increase over the 2005 quarter. Feb 28, 2007 Iberia in line with its 2006-08 strategic plan, IB began restructuring its short- and medium-haul networks while raising ASKs on long-haul operations by 8.6%. The number of long-haul passengers grew 10.3% to 3.9 million and load factor improved 2.5 points to 85.6%. Occupancy of its intercontinental in·ter·con·ti·nen·tal adj. 1. Extending or taking place between or among continents: intercontinental exploration; intercontinental cooperation. 2. Business Plus class also climbed 10 points year-on-year. Yesterday it announced the launch of a five-times-weekly Madrid-Washington Dulles service on June 2 aboard 260-seat A340s. Feb 28, 2007 Iberia still profitable but doesn't compare to banner 2005. Iberia Group yesterday reported a net profit for the 11th consecutive year, though earnings of [euro]57 million ($75 million) in 2006 fell a precipitous 85.6% from the [euro]396 million posted in 2005 when the company benefited from gains from the sale of Amadeus and Savia. Feb 28, 2007 Iberia[sup.1]s last year's operating revenues operating revenue Revenue from any regular source. Revenue from sales is adjusted for discounts and returns when calculating operating revenue. Compare other revenue. increased 10.5% to [euro]5.46 billion, with growth in all divisions. Expenses rose just 4.2% to [euro]5.33 billion, owing mainly to a 36% jump in fuel spend to [euro]1.18 billion. Fuel accounted for 22.4% of all operating expenses Operating expenses The amount paid for asset maintenance or the cost of doing business, excluding depreciation. Earnings are distributed after operating expenses are deducted. , up from 14.2% in 2004. 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. was [euro]122 million, up 4.7% from the [euro]116.6 million earned 2005. Excluding adjustments for new international accounting standards, 2006 EBIT surged 67.7% to [euro]150.4 million. Feb 28, 2007 03/05/2007 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 Verb 1. subscribe to - receive or obtain regularly; "We take the Times every day" subscribe, take buy, purchase - obtain by purchase; acquire by means of a financial transaction; "The family purchased a new car"; "The conglomerate acquired a new company"; our Newsletters: http://www.airguideonline.com/order_formsubs.htm#news To Advertise: advert@AirGuideOnline.com Copyright [c] 2007 Air Travel Media / Pyramid Media Group. All rights reserved. Feb 26, 2007 |
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