Low Cost Airline News - Europe.Mar 5, 2007 Air Berlin Air Berlin reported a 2006 net profit of [euro]50.1 million ($65.9 million) yesterday, a dramatic reversal from the [euro]115.9 million loss in 2005. "Despite the costs of going public and the integration of dba. . .our net profit even exceeded the expectations of most analysts," AB 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. Joachim Hunold said. Sales rose 28.6% to [euro]1.57 billion and 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]64.1 million compared to a [euro]5.5 million loss in the prior year. The carrier will release detailed results on March 27. Feb 27, 2007 Bmi, U-turn Bmi is taking a partial U-turn on the paid-for inflight catering service concept introduced in August 2005 on short-haul mainline mainline Drug slang verb To inject a drug operations at London Heathrow, announcing reintroduction Noun 1. reintroduction - an act of renewed introduction intro, introduction, presentation - formally making a person known to another or to the public of complimentary food and drink for certain loyalty program members. Diamond Club members also will benefit from priority seating. The change will apply from April 2. "The airline industry has been through a period of massive change in the past five years, a process that continues today," bmi CEO Nigel Turner said. "By developing and evolving our products and services we can ensure we continue to. . .remain competitive in the marketplace." The airline operates single-class service on all non-LHR mainline routes with the exception of Belfast City, Brussels, Dublin, Edinburgh and Glasgow, where both business and economy cabins are on offer. Mar 2, 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. Brussels Airlines will launch five-times-weekly flights from Brussels to Krakow on March 30 and to Cagliari at the end of April. Mar 2, 2007 EasyJet EasyJet will launch daily Bristol-Milan Malpensa service on April 23 and double its daily BRS-Paris Charles de Gaulle service in October. Feb 27, 2007 EasyJet EasyJet will launch service from Dortmund to Edinburgh (four-times-weekly from May 30) and Thessaloniki (thrice-weekly from May 31). The former will receive support from the Scottish Executive's route development fund. Feb 26, 2007 EasyJet, Brussels Airport Brussels Airport (IATA: BRU, ICAO: EBBR) (also called in Dutch: Luchthaven Zaventem or in French: Aéroport de Zaventem), also Zaventem Airport or Brussels (Zaventem) International Airport, was formerly known as " Low-cost airline easyJet is planning to expand its operations at Brussels Airport after starting a service to Geneva Geneva, canton and city, Switzerland Geneva (jənē`və), Fr. Genève, canton (1990 pop. 373,019), 109 sq mi (282 sq km), SW Switzerland, surrounding the southwest tip of the Lake of Geneva. at the end of June. EasyJet declined to say which routes his company would most likely open, saying he did not want to flag that to competitors. He did say that the expansion should take place within the next year or two. EasyJet earlier this month reported first-quarter revenue up 15 percent on a year ago and predicted another sharp rise in pre-tax profits this year. Feb 28, 2007 Finnair, FlyNordic Finnair No-Frills Unit Eyes Gain From FlyMe Exit. Finnair's Stockholm-based no-frills airline FlyNordic expects to benefit from rival FlyMe Sweden's bankruptcy in a market so far plagued by overcapacity o·ver·ca·pac·i·ty n. Too great a capacity for production of commodities or delivery of services in relation to actual need: the problem of overcapacity in many large industries. , it said on Friday. FlyMe Sweden, the operating arm of holding company FlyMe Europe said earlier on Friday it would file for bankruptcy and has cancelled all its flights. FlyNordic had not yet decided whether it would try to fill gaps in the Swedish route network left by FlyMe's exit. "We have a chance to fill the gaps left by FlyMe, but we already have quite a tight route plan," von Luders said, but he added it could increase its flight frequency on the Stockholm to Gothenburg route. Mar 2, 2007 Finnair, FlyNordic FlyMe has been strong particularly on its route to Malmo from Stockholm, von Luders said, while FlyNordic focuses on flights from Stockholm to northern Sweden. Von Luders said the unit has had a much stronger start to the year compared to 2006, when it made a loss. FlyNordic turned to profit in the second half of 2006 for the first time since it was set up in 2004, thanks to a change from scheduled traffic to leisure flights. "Our passenger load factors have improved markedly," von Luders said. Mar 2, 2007 Flybe UK regional carrier Flybe is aiming to double the size of its fleet by 2010, having today completed its acquisition of 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. regional business BA Connect. However, snags SNAGS, n.pl See sustained natural apophyseal glides. have forced the carrier to cancel a series of flights from UK airports. Mar 2, 2007 Midwest AirTran Midwest CEO recommends rejection of AirTran bid Midwest Air Group Midwest Air Group, Inc. AMEX: MEH is an airline holding company based in Oak Creek, Wisconsin now controlled by parent company, TPG Capital Texas Pacific Group. Northwest Airlines Inc,. CEO Tim Hoeksema is urging shareholders to reject AirTran's $345 million offer to acquire the company. In a letter to shareholders filed with the Securities & Exchange Commission, Hoeksema said a merger would lead to crowded planes and poor service, and he criticized AirTran's earnings. An AirTran executive says AirTran has been profitable for eight years and that the offer will create value for shareholders. Mar 1, 2007 Norwegian Norwegian will launch service from Oslo Gardermoen to Antalya (weekly from May 5) and Istanbul Sabiha Gokcen (twice-weekly from June 2). Separately, AWAS AWAS Australian Women's Army Service AWAS Angkatan Wanita Sedar AWAS Ansett Worldwide Aviation Services (New York, NY) AWAS Analysis of Wire Antennas and Scatterers AWAS Automated Weather Advisory Station announced the delivery of a second 737-300 to Norwegian in the past six months. Both are powered by CFM (Cubic Feet per Minute) The measurement of air flow. Cooling fans are rated in CFM. 56-3s. It now operates 22 -300s. Feb 27, 2007 Vueling Airlines Vueling Airlines is a low-fare airline based in Barcelona, Spain. It serves many destinations in Europe and the western Mediterranean. Its main base is Barcelona Airport, with additional hubs at Valencia Airport, Madrid Airport and Paris-Charles de Gaulle International Airport. Spain's Vueling Airlines posted a net loss of [euro]10.8 million ($14.2 million) last year, a slight widening of the [euro]10.6 million loss suffered in 2005 and worse than its own forecast of a [euro]7.1 million deficit. Results were affected by new international accounting regulations, higher-than-expected publicity expenses and costs related to its IPO (Initial Public Offering) The first time a company offers shares of stock to the public. While not a computer term per se, many founders, employees and insiders of computer companies have found this acronym more exciting than any tech term they ever heard. . Revenues more than doubled to [euro]235.6 million as it launched service to 18 new destinations and carried 3.5 million passengers with a load factor greater than 70%. EBITDAR Earnings Before Interest, Taxes, Depreciation, Amortization, and Restructuring Costs - EBITDAR An indicator of a company's financial performance calculated as: = Revenue - Expenses (excluding tax, interest, depreciation, amortization, and restructuring costs) of [euro]28 million soared over the [euro]1.63 million reported in 2005. It expects to double passenger boardings to 6 million in 2007. The Barcelona-based carrier completed its IPO in December and announced it will use some of the proceeds to acquire up to 40 aircraft and open an operating base outside Spain. CEO Carlos Munoz said yesterday that Vueling soon will begin talks with Airbus and Boeing and that it will unveil the location of its third base in the next couple of weeks, with Milan, Paris and Rome the most likely choices. The base likely will be operational by summer. The airline intends to disclose details of its fleet purchase by the end of summer or beginning of autumn. It currently operates 17 A320s and plans to increase this to 25 by year end. Feb 27, 2007 03/05/2007 Z 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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