Category: Aviation Industry: H1 Results

flydubai-cuts-losses-in-1h
Flydubai Cuts Losses in 1H

Low-cost carrier (LCC) flydubai reduced its deficit for the 2016 first half, registering a net loss of AED89.9 million ($24.5 million), a 39% improvement on the same period a year ago. The Dubai-based LCC achieved the result on revenue of AED2.3 billion, up 5.4% year-on-year. Passenger numbers were up 16.5% to 4.9 million, while business […]

Qantas Group Full Year Result 2016
Qantas Group Full Year Result 2016

Qantas reported an underlying profit before tax of $1.53 billion for the 12 months ended 30 June 2016 – the best result in its 95-year history. The record performance is a 57 per cent per cent improvement on financial year 2015. It means Qantas can resume dividend payments, reward 25,000 EBA-covered employees with a one-off […]

top-12-busiest-airports-in-the-world
Airports Council International Reports Global Passenger Traffic Growth

Global passenger traffic grew 4.5% in June 2016 and 5.6% for the first half of the year. Even though airports reported an increase of 4.0% in international passenger traffic and an increase of 5.1% in domestic traffic in June 2016, international passenger traffic grew faster than the domestic component during the first six months of […]

turkish airlines
Turkish Airlines Posts 1H Net Loss of $644M

Turkish Airlines recorded a net loss of 1.894 million lira ($644 million) for the first half-year ended June 30, compared to a profit of 1.035 million lira for the same period a year ago. The Star Alliance member had experienced “challenging conditions” in the tourism sector, including a series of terrorist bombings in Turkey, which […]

Pegasus Continues To Grow Despite a Challenging 2016
Pegasus Continues To Grow Despite a Challenging 2016

Pegasus Airlines has announced its financial results for the first half of 2016 and its traffic results for January to July 2016. In the first six months of this year Pegasus’ sales revenue has risen by 5% year-on-year to reach 1.489 billion; whilst the airline has recorded an EBITDAR (profit before tax, interest, amortization and […]

Finnair Group Half Year Financial Report 1 January–30 June 2016
Finnair Group Half Year Financial Report

Comparable operating result for Q2 showed a year-on-year improvement for the seventh consecutive quarter and was positive at 3.2 million euros . January–June 2016 Revenue grew by 3.8% year-on-year to 1,106.0 million euros (1,065.2). Comparable operating result was -12.2 million euros (-41.3). Operating result was -17.4 million euros (-13.9). Comparable EBITDAR was 92.7 million euros (56.5). […]

Cathay Pacific’s H1 Profit Plunges 82% on China Slowdown, Shares Slide
Cathay Pacific’s H1 Profit Plunges 82% on China Slowdown

Hong Kong airline Cathay Pacific Airways’s first-half net profit tumbled 82% amid slower Chinese economic growth and falling consumer demand for premium class seats on long-haul routes, sending its shares down almost 8 percent. Net profit for the six months ended June 30 fell to HK$353 million ($45.52 million) from HK$1.97 billion in the same […]

Air China Sees Steady Growth In Passenger, Freight Traffic
Air China Sees Steady Growth In Passenger, Freight Traffic

Air China said that it had witnessed steady growth in passenger and freight during the first seven months of the year. The number of passengers jumped 7.2 percent year on year to 55.4 million during the January-July period, the airline said in a statement filed to the Shanghai Stock Exchange. In July alone, Air China […]

Air Arabia Reports Net Profit of AED 245 million in First Half of 2016
Air Arabia Reports Net Profit of AED 245 million in First Half of 2016

Air Arabia continues its strong financial performance, announcing today a 3.5 percent increase in its H1 2016 net profit results compared to the same period last year. MENA’s largest low-cost carrier reported net profit of AED 245 million compared to the AED 237 million reported for the same period last year. The company’s turnover for […]

airberlin
Airberlin Q2 Results Reflect Geopolitical Climate in Europe

Capacity cuts and adverse geopolitical events in the competitive European market during the second quarter of 2016 led to a 9.4 per cent decrease in sales to 970.6 million euros (Q2 2015: 1.07 billion euros). Total sales declined in the first half of 2016 by 8.4 per cent to 1.71 billion euros (H1 2015: 1.86 […]