IndiGo reports highest ever quarterly profit: How the airline is changing its fundamentals to stay ahead
India"™s largest airline by passengers and the only one with a consistent track record of profits, IndiGo, has just reported an almost Rs 9 crore daily net profit in the first quarter ending June 30. It has obviously beaten analyst"™ estimates about its profitability by posting the highest ever quarterly profit in this journey. For […]
IATA: Airlines to report higher Q2 profits
More than three-quarters of airline chief financial officers and heads of cargo indicated that profitability increased in the second quarter of 2017 versus a year earlier, according to a quarterly airline business confidence index survey conducted by the International Air Transport Association (IATA). Seventy-seven per cent of respondents reported that profitability increased year-on-year in the […]
Hawaiian Airlines posts $80.4 million 2Q net profit
Hawaiian Holdings, parent of Hawaiian Airlines, posted $80.4 million net income for the 2017 second quarter, up 1.1% from $79.6 million net profit in 2Q 2017. The airline is gearing up for the delivery of its initial two Airbus A321neos, scheduled for October and November, the first of 18 A321neos the carrier plans to receive […]
Respite for airline operators as FG moves to reduce cost of aviation services
Domestic airlines operating in Nigeria may soon have some respite in operations, as their clamour for reduction in cost of provision of major aviation services has finally received Federal Government"™s attention. This development is coming at a time when airline operators have called for the reduction of cost of aviation services, adding that more airlines […]
LATAM Airlines profit misses forecast as currencies raise costs
LATAM Airlines, Latin America’s largest airline, reported a slightly smaller profit than expected in the first quarter as local currency appreciation and inflation raised costs, the company reported on Monday. The airline, which was formed via a 2012 tie-up of Chile’s LAN and Brazil’s TAM, said net income was $66 million in the three months […]
Emirates airline profits plunge 82.5% in past year
Emirates airline has blamed fierce competition, currency devaluations and US travel restrictions as it reported an 82.5 percent plunge in annual profits for the last fiscal year. The Dubai-based company said net profit at its airline business dropped to $340m in the year to March 31, down from $1.9bn in the previous 12 months – […]
Airlines face difficulty as they report lower profit margins, Iata says
The operating environment for global airlines will remain challenging after carriers in regions such as Europe reported lower first-quarter profit margins on higher costs and weak yields, the International Air Transport Association (Iata) reported. European carriers reported a drop in earnings before interest and taxes (EBIT) margins during the first quarter, while North American and […]
Airlines Made $4.2 Billion in Baggage Fees Alone Last Year. But Their Profits Still Plunged
Airlines in the United States made more than $4.2 billion in baggage fees, accounting for 2.5% of revenue last year, though the industry still saw overall profits significantly decrease. Baggage fees were the highest area of profit growth, according to a release Tuesday from the Department of Transportation. Baggage-fee profit went up 10% in 2016 […]
Avianca holdings S.A. reports operating profit of USD 37.6 million
Despite seasonality and a traditionally weak second quarter for airlines in the region, the second quarter of the year proved to be strong for Avianca. Between April and June 2016, operating income (EBIT1) reached $37.6 million, posting an operating margin1 of 3.9%, a 341 bps increase over the same quarter of last year. Furthermore, operating […]
Thai Airways International returns to profit in 1Q
Thai Airways International reported a first-quarter net profit of THB4.54 billion ($139 million), reversing a loss of THB2.63 billion reported in the year-ago period. Total revenue for the quarter was up 20.3% to THB61.3 billion, of which 79% was attributable to transportation activities (Thai Airways and its low-cost subsidiary Thai Smile). Revenue from transportation activities […]
