By BA Staff The board of directors of Alaska Air Group has approved a quarterly cash dividend of 20 cents per share to all shareholders of record as of Nov. 19. The dividend will be paid on Dec. 4. Air Group paid a quarterly dividend of 20 cents per share in August, the first time…
by Devesh Agarwal Emirates A380. Photo copyright Devesh Agarwal. The Emirates Group, the aviation holding company of the Al Maktoum family which rules Dubai, and the parent of Emirates airline, announced its first half (April to September) results of the fiscal year 2014 (ending March 31, 2014) today. Group The Emirates Group revenues reached AED…
by Devesh Agarwal Gurgaon based low fare carrier SpiceJet Ltd., continued the record of disastrous performance in the Indian airline industry when it announced a record Rs. 559 crore loss for the second quarter, ended September 30, of the fiscal year 2013~2014. This compared to the Rs. 163.5 crore loss from the same quarter last…
By BA Staff Alaska Air Group, Inc., reported third quarter 2013 GAAP net income of $289 million, or $4.08 per diluted share, compared to $163 million, or $2.27 per diluted share in the third quarter of 2012. Excluding the impact of mark-to-market fuel hedge adjustments of $20 million ($12 million after tax, or $0.17 per…
by Devesh Agarwal Chicago based, US aerospace and defence giant The Boeing Company reported earnings of $1,160 million, a massive 12% jump in its third-quarter profit compared to $1,030 million from the same period a year ago. The company has also raised its 2013 financial performance outlook, based on an increase in commercial aircraft deliveries.…
by BA StaffAmerican full service carrier Delta Air Lines reported its traffic results for September 2013. Unit passenger revenues continued the summer’s strong performance, increasing 5.5% year over year. Highlights include: 5.5% increase in passenger revenue per available seat mile (PRASM) Projected September quarter per gallon fuel price: $2.98 – $3.03 September mainline completion factor…
by Vinay Bhaskara A report in the Macau Business Daily states that Gurgaon based low cost carrier (LCC) SpiceJet is planning on launching nonstop flights between Delhi and Macau. SpiceJet has already won approval from the Indian government to launch Delhi-Macau, likely using Boeing 737 equipment. But it has not yet filed for approval from…
Image Credit: Konstantin von Wedelstaedt by Vinay Bhaskara African carrier Ethiopian Airlines has announced a record net profit of 2.03 billion birr (US $107.6 million) for the period from July 2012 – June 2013, up 178% from 734 million birr (US $39.2 million)year-over-year (YOY). Operating profitability also rose a healthy 170% YOY to 2.7 billion birr…
by Vinay Bhaskara Image Credit: Paul Spijkers Australian airline group Qantas Group has reported an underlying pre-tax profit of AUD 192 million (US $171.5 million) for the year ended 30th June 2013, more than doubling from AUD 95 million for the year ending 30th June 2012. Broken up by segment, profit for Qantas mainline domestic fell…
Hong Kong based full service carrier Cathay Pacific Airways posted its consolidated (including regional arm Dragonair) traffic results for July 2013, showing an increase in passenger traffic offset by a decrease in cargo tonnage. Find the details below. 20th August 2013 Cathay Pacific Airways today released combined Cathay Pacific and Dragonair traffic figures for July…
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