Tag: financial report

KLM Secures EUR 3.4 Billion Financing Package

Reading Time: < 1 minute KLM Royal Dutch Airlines has announced that it secured a total amount of EUR 3.4 billion of financial state support. The KLM has already implemented a number of measures to maintain liquidity, however, these were not enough. “The financing package is necessary to secure the long and difficult road of recovery in the coming period. […]

Ryanair Full Year 2018 Profits Rise 10% to €1.45 Billion

Reading Time: < 1 minute Ryanair has reported a 10% increase in full year profit after tax to €1.45bn, as lower fares (down 3%) stimulated 9% traffic growth to over 130m guests and 95% load factor. Average fares last year declined by 3% and traffic grew 9% to over 130m with Germany, Italy and Spain being the 3 largest growth […]

Air Berlin Suffers 1Q Losses Of Almost €300 Million

Reading Time: < 1 minute Air Berlin (AB, Berlin Tegel) suffered first quarter losses of EUR293.3 million (USD328 million), an increase of 60% on losses for the same period last year. Its first quarter financial results, published this week, also show that revenue was down EUR87.5 million (USD98 million) to EUR649.6 million (USD726.5 million) for the quarter. According to Air […]

AirAsia X Net Profit Down 94% In 1Q

Reading Time: < 1 minute Long-haul, low-cost carrier (LCC) AirAsia X reported a first-quarter net profit of MYR10.3 million ($2.3 million), down 94% compared to net profit of MYR179.5 million ($42 million) in the year-ago quarter. First-quarter operating revenue was up 22% to MYR1.2 million and operating profit fell 43% year-over-year (YOY) to MYR60.3 million. Passengers carried rose 33%, lifting load […]

Finnair Group Half Year Financial Report

Reading Time: 3 minutes 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). […]

Aeromexico Reports $9 Million Net Profit in 1Q

Reading Time: < 1 minute Grupo Aeromexico reported first-quarter net income of MXP161 million ($9 million), down 12.6% from a net profit of MXP185 million in the year-ago period. The Mexico flag carrier cited the positive aspect of lower fuel costs and the negative impact of the Mexican peso depreciating against the US dollar for the results. During the first […]