Future Growth of the Airline Industry
|
|
- Lorin Horton
- 8 years ago
- Views:
Transcription
1 Future Growth of the Airline Industry How will global competition drive change? Andrew Herdman Director General Association of Asia Pacific Airlines Geneva, Switzerland 22 February 2011
2 Overview Current business conditions Future growth drivers Evolving airline strategies
3 Aviation: moving the world Air travel delivers global mobility 2,500 million passengers Outstanding safety record Carries 35% by value of global trade Wider social and economic benefits Source: ATAG
4 Airlines managed through the downturn Trimmed route networks and capacity in response to lower demand Reduced utilisation, grounded surplus aircraft, deferred some new deliveries Implemented wide range of measures to reduce staff costs, retrenchment as a last resort Conserved cash, shored up balance sheets Worked with industry partners to reduce unnecessary costs Airlines focused on survival whilst preserving their ability to respond to an upturn
5 Global economic recovery World growth 2009A - 0.6% 2010E +4.8% 2011E +4.2% 2012F +4.5% Source: IMF Led by dynamic Asia Pacific economies
6 Recovery in passenger and cargo volumes Global international passenger and cargo traffic Overall volumes returned to pre-recession levels Source: IATA
7 Slower recovery for premium traffic Global international passenger traffic by class Source: IATA
8 Refocusing on growth Ongoing capital investment in fleets, airports and other services infrastructure Recruitment and training of skilled workforce Airfares do not keep pace with general price inflation Constant focus on productivity improvements and reducing unit costs Manage risks including currency and oil price volatility Governments still view our industry as a soft target for arbitrary taxes
9 Oil price volatility Real oil prices Oil as % of World GDP Source: FT Macro-economic impact Future carbon emissions pricing
10 Global airline industry profitability Welcome return to profitability in 2010, but some caution over prospects for 2011
11 Poor returns to airline shareholders Paradoxically, the industry has never suffered from capital scarcity
12 Airline EBITDA margins by region Source: IATA
13 Airline profitability by region Asia Pacific and US airlines outpacing European carriers
14 Will capacity growth pressure profits? Source: Ascend
15 Future Growth
16 Long term growth prospects remain bright Source: Airbus GMF2010 Projected annual growth rates
17 Asia Pacific traffic will grow significantly Traffic by airline domicile Source: Airbus
18 Airline Strategies
19 Competitive dimensions for airlines Revenue enhancement Tailoring products to markets Investing in premium products and services Active yield management Multiple brand strategies Improving cost competitiveness Asset utilisation Fuel efficiency Labour productivity Value chain improvement Partnering with service providers
20 Evolving Business Models Full Service Network Carriers Streamlining short haul operations Establishing LCC subs and associates Point-to-Point LCCs Initially focused on domestic short-haul Venturing into longer-haul markets Experimenting with codeshares, connections, adding customer service Further signs of convergence and hybridisation Long haul invariably uses wide body aircraft, involves cargo operations, two-class passenger configurations
21 Asia: customer service leadership Asian carriers are global leaders in service quality with world-class premium product offerings Premium cabins generate 27% of total international passenger revenue Continuous innovation in seat comfort, cabin ambience, inflight entertainment, food and beverage, cabin crew, customer service Investing in products, people and partnerships
22 Growth: complementary business models FSC LCC FSC Global network carriers expected to thrive despite competition LCC
23 Structural reform Progressive liberalisation of traffic rights has supported growth but led to highly fragmented industry structure Restrictive national ownership and control rules stand in the way of necessary restructuring and international consolidation Domestic markets remain closed to foreign investment and competition Airlines unable to fully access international capital markets Also need to reform quasi-monopoly aviation service providers, including airports and air navigation Airlines need more freedom to compete globally, just like other industries
24 Global regulatory influences Asia Pacific Wider impact of US and EU regulations
25 Global aviation taking steps towards consolidation Full cross-border mergers still restricted by national ownership and control rules US and EU aim to leverage their domestic markets and dominant regulatory influence to shape the industry
26 Asia Pacific Europe North America Airline enterprise values by region Source: AAPA Estimates
27 Closing Thoughts Aviation is at the heart of global economic development Prospects for long term growth remain bright Global economic growth will shape future aviation Intensely competitive industry continues to drive innovation Highly regulated industry, covering both technical, economic and customer service dimensions Intractable global policy issues, especially climate change Further steps needed to truly liberalise this most global of industries
28 Association of Asia Pacific Airlines 9/F Kompleks Antarabangsa Jalan Sultan Ismail Kuala Lumpur MALAYSIA Tel: Fax:
How To Address The 53Rd Assembly Of Presidents Of The Association Of Pan-East Asian Airlines
1 OPENING SPEECH OF MR. ANDREW HERDMAN, DIRECTOR GENERAL OF THE ASSOCIATION OF ASIA PACIFIC AIRLINES Mrs Lim Hwee Hua, Minister (Prime Minister s Office) & Second Minister for Finance & Transport, Singapore
More informationThe Challenge of the Low-cost Airlines
The Challenge of the Low-cost Airlines Air Transport Management Seminar Universidade Lusofona Lisbon 7th - 11th January 2008 Dr Keith Mason Director Business Travel Research Centre www.businesstravelresearch.com
More informationAviation Radar 2013. Mai 2013. European Aviation Radar 2013_final.pptx
1 Aviation Radar 2013 Airline and airport managers are cautiously positive about the future of European aviation. However, fundamental changes are underway. The industry players might be forced to adapt
More informationAir China Limited Announces 2014 Annual Results
Air China Limited Announces 2014 Annual Results Hong Kong March 26, 2015 Air China Limited ( Air China or the Company, together with its subsidiaries, collectively the Group ) (HKEX: 00753; LSE: AIRC;
More information18 / British Airways 2008/09 Annual Report and Accounts. Our business
18 / British Airways 2008/09 Annual Report and Accounts Our business The global airline industry is fiercely competitive, heavily regulated and highly exposed to changes in customer behaviour and consumer
More informationA380 Commercial Update for JP Morgan
Jean-Pierre Dambrine A380 Marketing Director Commercial Update for JP Morgan 9 th Own the Sky All around the world All around the world The most efficient way to grow Network optimiser, yield booster The
More informationOur strategy and objectives
British Airways 2009/10 Annual Report and Accounts 27 Our strategy and objectives our business FOCUSED ON OUTSTANDING CUSTOMER SERVICE Meeting the rising expectations of our customers remains central to
More informationInformation meeting. Cheuvreux Conference September 2010. Philippe Calavia CFO, Air France-KLM
Information meeting Cheuvreux Conference September 2010 Philippe Calavia CFO, Air France-KLM Air transportation: a growth industry CAGR 2001-11 GDP: +2.7% World Passenger traffic: +5.0% World cargo traffic:
More informationFinnair Q3 Result 2012. 26 October 2012
Finnair Q3 Result 2012 26 October 2012 1 Content Market environment in Q3 Business performance and strategy execution Outlook Financials 2 Finnair Q3 Result, 26 October 2012 Market Environment The global
More informationTrends in Aviation & Impact on MROs. Khwaja M. (KM) Ali Director, Maintenance Economics
Trends in Aviation & Impact on MROs Khwaja M. (KM) Ali Director, Maintenance Economics 7 th Maintenance Cost Conference Singapore, October 19-21, 2011 Seven Trends Are Shaping The Long-Term Structure Of
More informationAegean Airlines Nine Month 2008 Results. Analysts Conference Call November 12, 2008
Aegean Airlines Nine Month 2008 Results Analysts Conference Call November 12, 2008 Key Highlights Turnover increased 26% to 468.2m from 370.5m Total passengers served reached 4.6m, +13% above 2007 (+23%
More informationStudy also shows defense sector must readjust to lower U.S. and European federal budgets
Contacts: Edward Moore +44 20 7404 5959 alixpartners@brunswickgroup.com Tim Yost +1.248.204.8689 tyost@alixpartners.com Aerospace Supply Chain Faces Harsh Reality of Having to Deliver Huge Backlog of Orders
More information2015 Annual Results 26 August 2015 Christopher Luxon CEO Rob McDonald CFO
2015 Annual Results 26 August 2015 Christopher Luxon CEO Rob McDonald CFO 1 The year in review Another year of earnings growth: Normalised earnings* before taxation $496 million, up 49.4% Statutory net
More informationOpportunities and risks for Start up airlines in Africa
Opportunities and risks for Start up airlines in Africa Nairobi, March 2012 Disclaimer This document was created for the exclusive use of AFRAA. It is only complete in conjunction with the underlying detailed
More informationAirAsia.com. Professional Diploma Program in Logistics and Supply Chain Management Project Studies Enabling Technology in Airline Industry
AirAsia.com Professional Diploma Program in Logistics and Supply Chain Management Project Studies Enabling Technology in Airline Industry By WONG Pui Man, Cary March 2009 2 CONTENTS CONTENTS...2 ABSTRACT...3
More informationOverview and Effects of Open Skies Policy
Overview and Effects of Open Skies Policy Makoto Washizu Chairman, Japan International Transport Institute 鷲 頭 誠 国 際 問 題 研 究 所 所 長 Topics of Today s Seminar Impacts of international air transport on tourism
More informationChief Financial Officer s statement
British Airways 2009/10 Annual Report and Accounts 15 Chief Financial Officer s statement overview A COST DRIVEN RECOVERY LEADING TO LONG-TERM PROFITABLE GROWTH With the recession and structural market
More informationRaymond James Global Airline and Transportation Conference
Raymond James Global Airline and Transportation Conference United Continental Holdings, Inc. November 6, 2014 Jim Compton Vice Chairman and Chief Revenue Officer Safe Harbor Statement Certain statements
More informationFinnair Q2 result info
Finnair Q2 result info 15 August 2014 CEO Pekka Vauramo CFO Erno Hildén 1 Product upgrades: Customers spoke, we listened Signature meals and new buy onboard menu, Sky Bistro Lounge renewals New In-flight
More informationPresents at the. J.P. Morgan Aviation, Transportation and Industrials Conference. New York. Best Airline in North America.
Presents at the J.P. Morgan Aviation, Transportation and Industrials Conference New York March 10, 2014 Best Airline in North America Caution Regarding Forward-looking Information Air Canada s public communications
More informationBEFORE THE DEPARTMENT OF HEALTH AND HUMAN SERVICES ATLANTA, GEORGIA
BEFORE THE DEPARTMENT OF HEALTH AND HUMAN SERVICES ATLANTA, GEORGIA ) In the Matter of ) Centers for Disease Control and Prevention ) Division of Global Migration and Quarantine ) 1600 Clifton Road, NE,
More informationAviation Policy at 20 Years: Accomplishments, Challenges and the Need for Further Change
Aviation Policy at 20 Years: Accomplishments, Challenges and the Need for Further Change ATAC AGM 14 November 2012 Presentation by Gerry Bruno, Group CEO InterVISTAS Consulting 20 Year Accomplishments
More informationEASYJET TRADING STATEMENT FOR THE QUARTER ENDED 30 JUNE 2015
22 July 2015 easyjet Trading Statement Page 1 of 6 A. HIGHLIGHTS: EASYJET TRADING STATEMENT FOR THE QUARTER ENDED 30 JUNE 2015 easyjet performance in the quarter Good commercial performance with revenue
More informationRoadshow Presentation March 2013. Seite 1
ROADSHOW FY12 Roadshow Presentation March 2013 Seite 1 Disclaimer in respect of forward-looking statements Information published in this presentation with regard to the future development of the Lufthansa
More informationACI Airport Statistics and Forecasting Workshop AVIATION STATISTICS & DATA: A VITAL TOOL FOR THE DECISION MAKING PROCESS Narjess Teyssier ICAO Chief Economic Analysis & Policy Section London, 3 rd March
More information2. Expansion of network / Enhance Competition:
ADVANTAGES: Africa which could lead to an increase of tourists to South Africa and the creation of new business opportunities. Trade could also benefit through the availability of new airfreight links.
More informationMARKET FORECAST 2015-2024 BOMBARDIER BUSINESS AIRCRAFT BUSINESSAIRCRAFT.BOMBARDIER.COM
MARKET FORECAST 2015-2024 BOMBARDIER BUSINESS AIRCRAFT BUSINESSAIRCRAFT.BOMBARDIER.COM FORWARD LOOKING STATEMENTS This presentation includes forward-looking statements, which may involve, but are not limited
More informationTIGER AIRWAYS HOLDINGS LIMITED (Incorporated in the Republic of Singapore) Company Registration Number: 200701866W
TIGER AIRWAYS HOLDINGS LIMITED (Incorporated in the Republic of Singapore) Company Registration Number: 200701866W TIGER AIRWAYS ALMOST TRIPLES PROFIT BEFORE TAX TO $57.0 MILLION FOR THE FINANCIAL YEAR
More informationEASYJET TRADING STATEMENT FOR THE QUARTER ENDED 31 DECEMBER 2014
27 January 2015 easyjet Trading Statement Page 1 of 7 A. HIGHLIGHTS: EASYJET TRADING STATEMENT FOR THE QUARTER ENDED 31 DECEMBER 2014 Drive demand, conversion and yields across Europe Seats flown grew
More informationDeutsche Bank. Andean Region Conference. London, May, 2016
Deutsche Bank Andean Region Conference London, May, 2016 This presentation may include forward-looking comments regarding the Company s business outlook and anticipated financial and operating results.
More informationAnalysts and Investors conference call Q3 2013 results. 14 November 2013
Analysts and Investors conference call Q3 2013 results 14 November 2013 Management summary Key highlights in Q3 2013 Topline development was satisfactory: Capacity is down by 5.8% (seats) and 3.9% (ASK)
More informationFinnair Q1 result info
Finnair Q1 result info 7 May 2014 CEO Pekka Vauramo CFO Erno Hildén 1 Updated mission and strategic targets 2 Our Mission Offer the smoothest connections in the northern hemisphere via Helsinki, and the
More informationRYANAIR REPORTS RECORD PROFITS OF 481M UP 20%, FARES FALL 1%, TRAFFIC GROWS 20% TO 51M.
RYANAIR REPORTS RECORD PROFITS OF 481M UP 20%, FARES FALL 1%, TRAFFIC GROWS 20% TO 51M. Ryanair, Europe s biggest low fares airline, today (3 June) announced a 20% increase in full year net profits after
More informationMajor Components of a Typical Startup-Airline Business Plan
Major Components of a Typical Startup-Airline Business Plan EXECUTIVE SUMMARY Description of airline concept (scope, revenue/cost structure, service offering, aircraft types, major markets served) Target
More informationLithuania s New Airline airlituanica
Lithuania s New Airline airlituanica Table of Contents Part 1 Establishment of a new air carrier in Vilnius, Lithuania Part 2 Routes Part 3 Business Plan 2 Part 1 Establishment of a New Air Operator in
More informationNORWEGIAN AIR SHUTTLE ASA
NORWEGIAN AIR SHUTTLE ASA SECOND QUARTER AND FIRST HALF REPORT 2009 HIGHLIGHTS First half revenue up by 24.5% to MNOK 3,287.8, quarterly revenue up by 22.5 % to MNOK 1,900.5 (1,551.2). Earnings before
More informationMARKET FORECAST 2014 2033 BOMBARDIER COMMERCIAL AIRCRAFT
MARKET FORECAST 2014 2033 BOMBARDIER COMMERCIAL AIRCRAFT CONTENTS 03 INTRODUCTION AND EXECUTIVE SUMMARY 08 ECONOMIC ENVIRONMENT AND OUTLOOK 12 COMMERCIAL AIRCRAFT MARKET INDICATORS 21 WORLDWIDE FORECAST
More informationAviation Demand Forecasting
Airports Commission Discussion Paper 01 Aviation Demand Forecasting The Mayor of London s response March 2013 1. Purpose of paper 1.1. In February 2013, the Airports Commission issued a Discussion Paper
More informationQ1 2010 Results Analyst Presentation Henk van Dalen, CFO 3 May 2010
Q1 2010 Results Analyst Presentation Henk van Dalen, CFO 3 May 2010 Overall trading conditions continue to improve GROUP Operating income 251 million ( 163 million in Q1 20); quarter benefited from four
More informationPortugal and Air Transport in the Early 21st Century. Kenneth Button
Portugal and Air Transport in the Early 21st Century Kenneth Button AIR TRANSPORT The Nature of air transport 1. Air transport is important It is a big industry It is vital to many industries and regions
More informationHow To Value An Asset
Business Valuation: How to Make the Most of Your Business Pooja Gardemal, CPA/ABV Vice President Business Valuation & Economic Analysis 1 About is a global consulting firm with offices in the U.S. and
More informationAir China Limited Announces 2013 Annual Results
Air China Limited Announces 2013 Annual Results Hong Kong March 26, 2014 Air China Limited ( Air China or the Company, together with its subsidiaries, collectively the Group ) (HKEX: 00753; LSE: AIRC;
More informationSingapore Airlines Group Analyst/Media Briefing FY2012-13 13 RESULTS 17 MAY 2013 THE PARENT AIRLINE FY2012/13 RESULTS
Singapore Airlines Group Analyst/Media Briefing FY2012-13 13 RESULTS 17 MAY 2013 THE PARENT AIRLINE FY2012/13 RESULTS THE PARENT AIRLINE COMPANY RESULTS FY2012/13 4Q/12 $million Better/ (Worse) $million
More informationFleet and funding strategy Solid foundation for growth
Fleet and funding strategy Solid foundation for growth Erno Hildén, CFO Finnair Capital Markets Day, 22 May 2014 1 Disclaimer This document includes forward-looking statements. These forward-looking statements
More informationGaruda Indonesia Restructuring, Performance & Strategy
Garuda Indonesia Restructuring, Performance & Strategy UBS Global Transport Conference 2011 London, 12 September 2011 0 Contents 1. Company Overview 2. Restructuring and Transformation 3. Quantum Leap
More informationNORWEGIAN AIR SHUTTLE ASA
NORWEGIAN AIR SHUTTLE ASA FIRST QUARTER REPORT 2013 HIGHLIGHTS First quarter revenue up by 23% to MNOK 2,904 (2,360). RASK up 2% to 0.39, where yield was up 4% to 0.51 and load factor was down 1% to 76%.
More informationPREMIUM TRAFFIC MONITOR MAY 2015 KEY POINTS
PREMIUM TRAFFIC MONITOR MAY 2015 KEY POINTS Passenger travel on international markets rose 6.2% in May compared to a year ago, accelerating on the 3.8% increase in April. Economy class travel grew at a
More informationEASYJET TRADING STATEMENT FOR THE QUARTER ENDED 31 DECEMBER 2015
26 January 2016 easyjet Trading Statement Page 1 of 6 EASYJET TRADING STATEMENT FOR THE QUARTER ENDED 31 DECEMBER 2015 Continued robust commercial performance and strong management action on cost delivers
More informationTraining. 2014 Pilot & Technician Outlook. 2014 Pilot & Technician Outlook 1
2014 Pilot & Technician Outlook 2014 Pilot & Technician Outlook 1 Pilot & Technician Outlook As global economies expand and airlines take delivery of tens of thousands of new commercial jetliners over
More informationInternational Civil Aviation Organization WORLDWIDE AIR TRANSPORT CONFERENCE (ATCONF) SIXTH MEETING. Montréal, 18 to 22 March 2013
International Civil Aviation Organization 14/2/13 WORKING PAPER WORLDWIDE AIR TRANSPORT CONFERENCE (ATCONF) SIXTH MEETING Montréal, 18 to 22 March 2013 Agenda Item 2: Examination of key issues and regulatory
More informationFinnair Group Financial year January 1-December 31, 2001
Finnair Group Financial year January 1-December 31, 2001 State of the airline industry Business travel dropped dramatically Events of September 2001 From beauty contest to fight for survival Production
More informationAgenda. Update on Transform 2015. 2012: first effects of plan. Reinforcement of our competitive advantages. Conclusions. Information meeting
Agenda Update on Transform 2015 2012: first effects of plan Reinforcement of our competitive advantages Conclusions 2 Transform 2015 Transform 2015: Levers and objectives 1 2 Limited capacity growth Investment
More informationHow To Improve The Global Airline Industry
THE AIRLINE INDUSTRY: Trends, Challenges, Strategies John Wensveen, Ph.D. Dean, School of Aviation Dowling College New York, USA www.dowling.edu President, Airline Visions www.airlinevisions.com The University
More informationLIBERALISATION, OPEN SKIES AND BEYOND
AND BEYOND Module 26 Prof. Ludwig Weber, McGill University Istanbul Technical University Air Transportation Management, M.Sc. Programme Air Law, Regulation and Compliance Management 13 February 2015 Professor
More informationNORWEGIAN AIR SHUTTLE ASA QUARTERLY REPORT THIRD QUARTER 2005 [This document is a translation from the original Norwegian version]
NORWEGIAN AIR SHUTTLE ASA QUARTERLY REPORT THIRD QUARTER 2005 THIRD QUARTER IN BRIEF The operating revenue has increased by 78 % to MNOK 589,9 compared to MNOK 331,7 in the same period last year. The total
More informationCommercial Update. John Leahy Chief Operating Officer Customers Airbus. Global Investor Forum 2009, Broughton, 1 st & 2 nd April 2009
Commercial Update John Leahy Chief Operating Officer Customers Airbus Global Investor Forum 2009, Broughton, 1 st & 2 nd April 2009 1 1 Safe Harbour Statement Disclaimer This presentation includes forward-looking
More informationQ1-Q3 2014 Results Press and Analysts' Conference
Q1-Q3 2014 Results Press and Analysts' Conference Carsten Spohr Chairman of the Executive Board and CEO Simone Menne Member of the Executive Board and CFO Frankfurt, October 30 th 2014 Page 1 Disclaimer
More informationSupport across the value chain. Expertise for Offshore Renewables Projects. rpsgroup.com/downstream
Downstream Consultancy Support across the value chain Expertise for Offshore Renewables Projects rpsgroup.com/downstream 2 Downstream Consultancy RPS Energy a global energy consultancy n RPS Energy is
More informationAirline Marketing: An Overview
Airline Marketing: An Overview Air Transport Management Seminar Universidade Lusofona Lisbon 7th - 11th January 2008 Dr Keith Mason Director Business Travel Research Centre www.businesstravelresearch.com
More informationChapter 12 Special Industries: Banks, Utilities, Oil and Gas, Transportation, Insurance, Real Estate Companies
Chapter 12 Special Industries: Banks, Utilities, Oil and Gas, Transportation, Insurance, Real Estate Companies TO THE NET 1. a. Item 1 Business Market Area Competition The bank contends with considerable
More informationFinancial Results 3 rd Quarter MAR/2016 (FY2015)
Financial Results MAR/2016 (FY2015) January 29 th, 2016 CONTENTS P.1 P.2 P.3 P.4~ Overview of FY MAR/16 Results Operating Revenue Operating Profit (JPY Bn) 1,030 1,020 1,010 +1.0Bn 1,022.3 1,023.4 (+0.1%)
More informationMexico Shipments Made Simple. Third-party logistics providers help streamline the U.S. Mexico cross-border process WHITE PAPER
Mexico Shipments Made Simple Third-party logistics providers help streamline the U.S. Mexico cross-border process WHITE PAPER Introduction With the cost of manufacturing rising in Asia, many companies
More informationINTERIM REPORT 1 Jan - 30 Jun 2002. Second quarter operational result better than last year
FINNAIR - GROUP INTERIM REPORT 1 Jan - 30 Jun 2002 Second quarter operational result better than last year Summary of second quarter key figures Turnover 421.1 million euros (Q2/2001: 440.2 million) Profit
More informationThe need for greater liberalization of international air transport
Policy statement The need for greater liberalization of international air transport Commission on Air Transport, 7 December 2000 The International Chamber of Commerce (ICC) has since its inception supported
More informationChief Financial Officer s report
12 / British Airways 2008/09 Annual Report and Accounts Chief Financial Officer s report Last year we said that record profitability had put us in a good position to weather economic slowdown. That has
More informationOur strategy and objectives
24 / British Airways 2008/09 Annual Report and Accounts Our strategy and objectives In an incredibly tough trading environment we have to focus hard on pulling ourselves through the immediate crisis, while
More informationRYANAIR DELIVERS RECORD Q3 PROFITS, TRAFFIC GROWS BY 54%, PROFITS RISE BY 10%
RYANAIR DELIVERS RECORD Q3 PROFITS, TRAFFIC GROWS BY 54%, PROFITS RISE BY 10% Ryanair, Europe s No.1 low fares airline today (Wed 28 Jan 2004) released financial results for the quarter ended 31 Dec 03
More informationAir Dispatch and Finnair
1 Amadeus Air Dispatch and Finnair Amadeus Altéa Departure Control Flight Management Air Dispatch and Finnair Case Study A customer success story on the benefits of centralising load control operations
More informationIAG results presentation. Quarter Four 2014 27 th February 2015
IAG results presentation Quarter Four 2014 27 th February 2015 2014 full year financial summary OPERATING PROFIT 1,249m (pre-vueling, pre-exceptional items) 1,390m (reported, pre-exceptional items) + 620m
More informationEUROPEAN AIRPORTS AND TOURISM ORGANISATIONS TOGETHER ON OPEN SKIES
EUROPEAN AIRPORTS AND TOURISM ORGANISATIONS TOGETHER ON OPEN SKIES 1 Over the past months, the expansion of Gulf airlines in particular Emirates, Etihad Airways and Qatar Airways into the North American
More informationFlybe - 2012/13 Half-year Results. Analyst and Investor Presentation
Flybe - 2012/13 Half-year Results Analyst and Investor Presentation 8 November 2012 Agenda 2 Introduction Jim French, Chairman & CEO Financial Review Strategy Strategic Update Review & Business Review
More informationFlybe Group plc ( Flybe or the Group )
11 November Flybe Group plc ( Flybe or the Group ) Flybe turnaround gains momentum Results for the six months to 30 September Flybe announces a significantly improved financial performance under its new
More informationNIIT Technologies White Paper
www.niit-tech.com In-flight Customer Experience NIIT Technologies White Paper CONTENTS Introduction 3 Need of the Hour: Technology in In-flight Catering 3 Conclusion 4 TOUR LOGISTICS JOURNEY LOGISTICS
More informationHow To Know What Is Happening In European Air Transport
Issue N 136. 22/12/11 Industry Monitor The EUROCONTROL bulletin on air transport trends European flights down 1% in November, significantly lower than forecasted. The low-cost segment was down 3.8% on
More informationTIGER AIRWAYS POSTS PROFIT AFTER TAX OF $2 MILLION FOR THE QUARTER ENDED 31 DECEMBER 2012
TIGER AIRWAYS HOLDINGS LIMITED Media Release 24 January 2013 TIGER AIRWAYS POSTS PROFIT AFTER TAX OF $2 MILLION FOR THE QUARTER ENDED 31 DECEMBER 2012 Tiger Airways Holdings Limited has posted a profit
More informationAirline Operating Costs
Airline Operating Costs By Peter Horder, Senior Vice President SH&E Ltd Prepared for: MANAGING AIRCRAFT MAINTENANCE COSTS Conference Brussels, 22 January 2003 Agenda Introduction Current Airline Environment
More informationResults for the six months ended 31 March 2010. easyjet performance continues to strengthen
Results for the six months ended 31 March 2010 easyjet plc easyjet performance continues to strengthen Results at a glance 2010 2009 Change Total revenue ( million) 1,170.7 1,032.8 13.3 % Loss before tax
More information13th January 2015 John Leahy Chief Operating Officer, Customers
John Leahy Chief Operating Officer, Customers 2014 Airbus headlines 1,456 net orders (1,503 in 2013) 6,386 aircraft backlog (5,559 end 2013) A landmark year - Airbus sales total grows to 15,271 629 aircraft
More informationCimber Sterling wins market shares and strengthens capital base
Cimber Sterling Group A/S, Lufthavnsvej 2, 6400 Sønderborg, Denmark Interim report Q3 2010/11 Announcement no. 33/2011 16 March 2011 Cimber Sterling wins market shares and strengthens capital base Cimber
More informationGlobal Market Forecast. Flying on demand
Flying on demand 214 233 2 Introduction 214, MARKED THE CENTENARY OF COMMERCIAL FLIGHT OPERATIONS, with the first scheduled flight taking off in January 1914. This airboat service carried passengers, one-by-one,
More informationLufthansa Passenger Airlines Lufthansa Investor Day 2011
Lufthansa Passenger Airlines Lufthansa Investor Day 2011 Kay Kratky Member of the Lufthansa German Airlines Board Frankfurt & Flight Operations Thomas Klühr Member of the Lufthansa German Airlines Board
More informationUIB AVIATION AIRLINE RISK PROFILE. Dependable Corporate Insurance in any language
A guide to providing the necessary information, to present to aviation insurers Dependable Corporate Insurance in any language Algeria - Brazil - Colombia - Dubai - Germany - India - Japan - Korea - Malaysia
More informationTraining. 2015 Pilot & Technician Outlook. 2015 Pilot & Technician Outlook 1
2015 Pilot & Technician Outlook 1 Pilot & Technician Outlook As global economies expand and airlines take delivery of tens of thousands of new commercial jetliners over the next 20 years, there is and
More informationA fresh approach to airline catering and above the
Deutsche Post DHL The Mail & Logistics Group A fresh approach to airline catering and above the wing SPEND DHL Supply Chain Lakeside Industrial Estate Colnbrook Berkshire SL3 0ED United Kingdom Telephone:
More informationairberlin interim financial report as of 30 september 2015
airberlin interim financial report as of 30 september 2015 AIRBERLIN INTERIM FINANCIAL REPORT AS OF 30 SEPTEMBER 2015 1 FINANCIAL FIGURES Q3 Financial performance indicators Q3 2015 Q3 2014 9M 2015 9M
More informationPUBLIC EXPOSE PT Garuda Indonesia (Persero) Tbk. 2015 Result Announcement. Jakarta, 15 April 2016
PUBLIC EXPOSE PT Garuda Indonesia (Persero) Tbk. 2015 Result Announcement Jakarta, 15 April 2016 1 HIGHLIGHTS EBITDAR MARGIN: 32.7% 19% YoY TOTAL REVENUES: US$3.81 billion 3.0% YoY UNSCHEDULED FLIGHT REVENUES
More informationAegean Airlines 2007 Review & Business Outlook. Analysts Conference Call February 20, 2008
Aegean Airlines 2007 Review & Business Outlook Analysts Conference Call February 20, 2008 Agenda 2007 Review Business Outlook Key highlights Domestic network International network Activity Our fleet Financials
More informationTHE RETURN OF CAPITAL EXPENDITURE OR CAPEX CYCLE IN MALAYSIA
PUBLIC BANK BERHAD ECONOMICS DIVISION MENARA PUBLIC BANK 146 JALAN AMPANG 50450 KUALA LUMPUR TEL : 03 2176 6000/666 FAX : 03 2163 9929 Public Bank Economic Review is published bi monthly by Economics Division,
More informationVietnam displaces China as production hub Vietnam
Clark Financial Advisory Limited Vietnam displaces China as production hub Vietnam Investing in Vietnam complications and solutions Executive Summary Vietnam has become the most promising growth market
More informationForeword. easyjet s views reflect what we believe to be in the best interests of our passengers, the airline and the UK economy.
easyjet response to the Airports Commission consultation Foreword easyjet carries more passengers in and out of UK airports than any other airline. A new runway in the South East will have a significant
More informationAEA s response to the public consultation on the aviation package. Prerequisites for a competitive European airline industry policy
Brussels, 8 June 2015 AEA s response to the public consultation on the aviation package Prerequisites for a competitive European airline industry policy Europe needs a cohesive, supportive aviation policy
More informationDecember 2010 2008 Interim Results 6 August 2008
Cathay Pacific Airways 2010 Analyst & Investor Briefing Cathay Pacific Airways December 2010 2008 Interim Results 6 August 2008 1 Airline Strategy Grow our international network, expand frequencies and
More informationJohn Menzies plc Final Results Presentation. 11 March 2008
John Menzies plc Final Results Presentation 11 March 2008 Agenda Group Highlights and Financial Review Business Review Menzies Aviation Business Review Menzies Distribution Summary Questions 2 John Menzies
More informationTopic Paper #1 Air Transportation Demand
Working Document of the NPC Future Transportation Fuels Study Made Available August 1, 2012 Topic Paper #1 Air Transportation Demand On August 1, 2012, The National Petroleum Council (NPC) in approving
More information