Category: Aviation Industry: Q1 Results

3-month Losses of Major Russian Airlines Reached $376 mln in Q1 2016
3-Month Losses of Major Russian Airlines Reached $376 mln in Q1 2016

In the first quarter of 2016, the operating losses of major Russia airlines amounted to RUB 24 billion ($376 million), the Kommersant reported referring to the Association of Air Transport Operators (AATO). AATO President Vladimir Tasun informed the paper that the biggest air carriers of Russia posted losses amounting to RUB 25.6 billion in the […]

US Airlines Earn $4.8 Billion 1Q Pre-Tax Profit
US Airlines Earn $4.8 Billion 1Q Pre-Tax Profit

The 10 publicly traded mainline US airlines reported a collective first-quarter pre-tax profit of $4.8 billion, according to Airlines for America (A4A). The earnings, which represent the combined results of Alaska Airlines, Allegiant Air, American Airlines, Delta Air Lines, Hawaiian Airlines, JetBlue Airways, Southwest Airlines, Spirit Airlines, United Airlines and Virgin America, gave the US […]

Airberlin
Airberlin Reduces Net Losses in 1Q

Germany’s airberlin reported a first-quarter net loss of €182.3 million ($206.2 million), narrowed from a €210.1 million loss in the year-ago quarter. Airberlin said the 1Q results were heavily influenced by the “lengthy and detrimental codeshare debate” with equity partner Abu Dhabi-based Etihad Airways, which has a 29.21% stake in airberlin. “The protracted and damaging […]

europe Q1
ACI: Europe Sees Growth In Q1 But March Is Flat

Airports in Europe have seen freight volumes increase by 2.1 per cent in the first quarter despite March remaining flat, Airports Council International (ACI) Europe says. During the first three months of 2015, Paris Charles de Gaulle Airport was the busiest hub with volumes increasing by 4.9 per cent to 479,041 tonnes, ahead of Frankfurt […]

aurora-a319-100-Q1
Aeroflot Subsidiary Aurora Airline 1Q Traffic Up 22%

Aeroflot subsidiary Aurora Airline—which serves Russia’s Far East—carried 276,827 passengers in the first quarter, up 22% year-over-year (YOY), as a result of network and fleet growth. In the first quarter, Aurora carried 216,454 domestic and 60,373 international passengers. It carried 1,638 tonnes of cargo, up 33% YOY. Total flying hours for the quarter were up […]

A Mixed Bag For Europe’s Airlines in Q1 erdekesvilag.hu
A Mixed Bag For Europe’s Airlines in Q1

Some of Europe’s largest airline groups have unveiled their Q1 financial results in the past week, serving up a varied set of earnings but nevertheless giving credence to IATA’s prediction that 2016 will see a jump in the continent’s profitability.   For some, reduced fuel prices and higher customer demand are still aiding improved performance […]

air france-klm
Air France-KLM Narrows Loss in 1Q

Air France-KLM Group has reported a first-quarter net loss of €155 million ($175.3 million), narrowed from a €559 million net loss in the year-ago period. “Air France-KLM is continuing to deliver a clear improvement of its financial indicators in the first quarter of 2016, leading to a significant increase of its operating result while continuing […]

embraer-q1-results
Embraer Releases First Quarter 2016 Results

In the first quarter of 2016 (1Q16), Embraer delivered 21 commercial and 23 executive (12 light and 11 large) jets, representing an increase of 38% in total deliveries compared to 1Q15. – The Company’s firm order backlog ended the quarter at US$ 21.9 billion, compared to US$ 20.4 billion at the end of 1Q15 and […]

frankfurt
Mixed First Quarter Fortunes For Frankfurt

Frankfurt airport operator Fraport said it had mixed financial results in a challenging business environment in its interim report for the first quarter of 2016. With passenger traffic still growing – up 3.3% year-on-year, Fraport achieved higher revenue from airport and infrastructure charges as well as from aircraft handling, but this was offset by a […]

lufthansa group
Lufthansa Group with Earnings Improvement in the First Quarter

Adjusted EBIT for first three months of 2016 improved by Lufthansa Group.  “We have seen a solid start into the new business year,” says Simone Menne, Chief Financial Officer of Deutsche Lufthansa AG. “We are seeing significant pricing pressure at our passenger airlines, and even more at Lufthansa Cargo. But the substantial unit cost reduction […]