Tag Archives: A380-841

For Sale: Malaysia Airlines to sell its Airbus A380s, four Boeing 777-200 ERs and two 747-400Fs

Malaysia Airlines (Kuala Lumpur) is planning to downsize its fleet. The financially struggling carrier has put its six Airbus A380s, four Boeing 777-200 ERs and two Maskargo Boeing 747-400F freighters up for sale according to CNN.

The sale of the Airbus A380s will test the Super Jumbo market.

Read the full report: CLICK HERE

Copyright Photo: AirlinersGallery.com. Malaysia Airlines’ Airbus A380-841 9M-MNC (msn 084) taxies at London’s Heathrow Airport.

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Lufthansa Group announces its new summer holiday destinations

Lufthansa Group (Frankfurt) has announced new holiday destinations with this statement:

The airlines in the Lufthansa Group Airlines – Austrian Airlines, Brussels Airlines, Germanwings, Lufthansa and Swiss – will become even more attractive to holidaymakers and leisure travelers this upcoming summer. The airlines’ offer will be added above all with popular tourist and leisure-orientated destinations. Passengers will therefore be able to count on the high-quality service and dependability of a scheduled airline. During the summer holidays, many tourist destinations will be bolstered with further seasonal connections. Additional flights are planned to be added to existing city connections. This is good news especially for business travelers. They will be more flexible in managing their appointments.

The forthcoming 2015 summer flight timetable sees airlines in the Lufthansa Group offer their customers the densest route network in the world with more than 22,500 flights every week. Including the seasonal routes this summer, the Lufthansa Group airlines will be linking 321 destinations in 103 countries on four continents via its hubs in Frankfurt, Munich, Zurich, Vienna and Brussels, but also with many point-to-point routes (previous summer: 294 destinations in 101 countries). Over 18,100 code-share flights with 32 partner airlines extend the flight schedule of all Lufthansa Group Airlines and offer an virtually world-wide network. The summer flight timetables for the individual Group airlines are valid from Sunday, 29 March to Saturday, 25 October 2015.

Key news from the five Lufthansa Group airlines:

Lufthansa

Lufthansa will have a total of 215 destinations in its summer timetable and further develops its extensive offer. Within Europe, Lufthansa adds the Polish industrial and commercial city of Bydgoszcz to the airline’s flight timetable in summer 2015 as a new destination from Frankfurt. In future, Lufthansa will operate a total of around 240 flights per week to one of its nine destinations in Poland. Its routes to neighboring Denmark will also be expanded to include the northern Danish city of Aalborg, which will be served by a non-stop flight from Frankfurt. The sun destinations Heraklion (Crete/Greece) and Seville (Spain) are other new additions to Lufthansa’s flight timetable. Flights to Heraklion will depart from Munich and to the capital of Andalusia will leave from the Lufthansa hubs in Frankfurt and Munich. Lufthansa customers will also be able to fly non-stop to Reykjavík (Iceland) from the two hubs for the first time. Bodrum (Aegean/Turkey) and Cagliari (Sardinia/Italy) are two existing seasonal destinations that are now connected to Frankfurt. Lufthansa will fly from Munich to Glasgow (Scotland/UK) and Perugia (Umbria/Italy) for the first time this summer. There will also be additional flights on existing Spanish connections from Frankfurt to Málaga, Palma de Mallorca and Valencia as well as from Munich to Bodrum. Customers will again be able to fly to the Egyptian capital Cairo from Munich, in addition to the existing route from Frankfurt.

The Airbus A380 (above), which has proved to be very popular among passengers, will be used on routes from Frankfurt to Los Angeles and Seoul once again in the summer. This will bring to eleven the number of destinations that Lufthansa flies to using the world’s largest passenger aircraft. On 25 September 2015, Lufthansa will launch its new intercontinental flight programme aimed specifically at leisure travelers. Tampa in the US state of Florida will be the first destination. An Airbus A340-300 will fly five times a week on this new year-round route to begin with. The other routes planned from Frankfurt – to Panama, Cancún, Malé and Mauritius – will be added this winter.

Germanwings

Above Copyright Photo: Germanwings Airbus A319-112 D-AKNJ (msn 1172) taxies at London Heathrow.

In its summer flight timetable, Germanwings is offering a total of 132 destinations in 31 countries from Berlin-Tegel, Dortmund, Düsseldorf, Hamburg, Hanover, Cologne/Bonn and Stuttgart. Its flight connections from Düsseldorf to Athens (Greece), Jerez de la Frontera (Spain), Jersey and Reykjavík (Iceland) are all new. The airline is also adding two new routes from Düsseldorf in April to the Portuguese destinations of Porto and Faro. Its routes to France will be expanded as well to include the port city of Marseille. In future, it will fly non-stop from Berlin to Palermo (Sicily/Italy). There will be flights from Berlin and Hamburg to Izmir (Turkey) in the summer. Hamburg will also have a direct connection to Bari, the capital of Apulia. The new routes from Stuttgart to Nice, Amsterdam and Valencia will enhance the airline’s summer flight timetable. Cologne/Bonn to Priština (Kosovo) and Stuttgart to Tunis and to Tirana (Albania) will also be added as new routes during the summer holiday period.

Swiss International Air Lines

Above Copyright Photo: SPA/AirlinersGallery.com. Airbus A320-214 HB-IJS (msn 782) approaches the runway at London (Heathrow).

Swiss is adding 34 new destinations to its summer flight timetable in 2015. 22 of them will be served from Zurich, such as Leipzig, Bilbao (Spain) and Gothenburg (Sweden). Customers will be able to fly to 12 new cities from Geneva, including Valencia and Dublin. The frequency of flights to various European cities and to San Francisco will also be increased. Swiss will thus be offering its customers 106 destinations (80 European and 26 intercontinental) in 49 countries in the summer.

Austrian Airlines

Above Copyright Photo: Paul Bannwarth/AirlinersGallery.com. Airbus A320-214 OE-LBR (msn 1150) arrives at Zurich.

In summer 2015, Austrian Airlines will be offering its passengers a wide range of up to 130 destinations in 58 countries. In 2015, the Austrian domestic carrier will be increasing its focus on holiday destinations. For example, Menorca (Balearics/Spain) will be newly added to the flight timetable in June 2015, as will Miami in October 2015. From summer 2015, all of Austrian’s destinations in North America will be served from Vienna up to daily. From March 2015, Odessa (Ukraine) will be included once again as another destination in Austrian’s focus market of Eastern Europe.

Brussels Airlines

Above Copyright Photo: SPA/AirlinersGallery.com. Brussels Airlines Airbus A319-112 OO-SSQ (msn 3790) prepares to land in London’s Heathrow Airport.

This summer, Belgium’s leading carrier Brussels Airlines is adding ten new European destinations to its flight timetable from Brussels. These include destinations popular with tourists such as the three new French airports in Bordeaux, Lourdes-Pyrénées and Calvi (Corsica). Other holiday locations like Dubrovnik and Zagreb (both in Croatia), St. Petersburg (Russia), Olbia (Sardinia/Italy) and Ibiza (Balearics/Spain) will enhance the route network of Brussels Airlines. New city destinations such as Riga (Latvia) and Billund (Denmark) will be served by non-stop flights from Brussels. The carrier will also resume its long-haul service to Washington in the summer and its existing African route to Yaoundé (Cameroon) will operate daily.

Top Copyright Photo: Brian McDonough/AirlinersGallery.com. Airbus A380-841 D-AIML (msn 149) is pictured on final approach at Miami International Airport.

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Asiana Airlines to bring the Airbus A380 to New York JFK

Asiana Airlines (Seoul) will assign the Airbus A380 to the Seoul (Incheon) – New York (JFK) route starting on June 13 per Airline Route. As of July 14, the route will be exclusively operated with Airbus A380s.

Copyright Photo: Michael B. Ing/AirlinersGallery.com. Airbus A380-841 HL7625 (msn 152) arrives in Los Angeles.

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British Airways to add Airbus A380 service to Miami on October 25, 2015

British Airways (London) will introduce the Airbus A380 on the London (Heathrow)-Miami route on October 25, 2015. The new type will be operated on the route twice-daily.

Today, British Airways made it official with this announcement:

British Airways today announced that Floridians planning to travel to Europe next year will have the chance to experience British Airways’ new state-of-the-art Airbus A380 superjumbo. From October 2015, the premium British airline will offer two daily A380 services from Miami International Airport to London Heathrow, with onward connections to more than 100 destinations.

The largest commercial airliner in the sky, British Airways’ A380 can accommodate up to 469 customers across two decks and four cabins.

The First cabin features 14 luxurious suites with 30 percent more personal space than the previous generation. Customers in First will be able to enjoy a la carte dining or try the A380 exclusive five course taster menu.

97 Club World (business class) seats that convert into full flat beds

The popular World Traveller Plus (premium economy) cabin will have 55 seats and 303 seats will be available in World Traveller (economy).

The new A380 route to Miami is part of British Airways’ plans to enhance the usage of facilities in Terminal 3 and Terminal 5 by combining its operations in two terminals and moving out of Terminal 1.

In the coming 12 months, flights to 20 British Airways destinations, including Miami, will change terminals at Heathrow and by the middle of October 2015 all of the airline’s services will depart from either its flagship home of Terminal 5 or the main oneworld alliance Heathrow base in Terminal 3.

Copyright Photo: Airbus A380-841 G-XLEF (msn 151) taxies at London (Heathrow).

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Singapore Airlines Group’s net profit declines by 55.5% to S$126 million ($97.7 million), reports demand is flat

Singapore Airlines Group (Singapore Airlines, Scoot, SilkAir and Singapore Airlines Cargo) (Singapore) reported its net profit in the first half was down by $157 million (a decline of 55.5%) year-on- year to S$126 million ($97.7 million US).

The group issued this full statement:

GROUP FINANCIAL PERFORMANCE

First Half 2014-15

The Group earned an operating profit of $171 million in the first half of the 2014-15 financial year, an improvement of $2 million (+1.2%) over the same period last year.

Group revenue was down $154 million (-2.0%) to $7,587 million, mainly due to lower incidental revenue stemming from reduced compensation pertaining to changes in aircraft delivery slots [see Note 2], and lower income from the lease of aircraft, due to the expiry of leases to Royal Brunei Airlines. Passenger revenue was lower year-on-year (-0.4%), notwithstanding a 1.4% increase in traffic, as a result of yield declines (-1.8%) amid the competitive operating environment and depreciating revenue-generating currencies, led by the Australian Dollar and Japanese Yen. Cargo revenue fell 1.6%, driven by a capacity cut (-3.8%), though this was partially compensated for by better yields and higher load factor.

Group expenditure at $7,416 million declined $156 million (-2.1%) over the previous financial year. Fuel costs after hedging fell $107 million, attributable to lower volume uplifted (-3.2%), the weaker US Dollar against the Singapore Dollar, and a 0.4% decline in jet fuel price after hedging.

Note 1: The SIA Group’s unaudited financial results for the half year and second quarter ended 30 September 2014 were announced on 6 November 2014. A summary of the financial and operating statistics is shown in Annex A. (All monetary figures are in Singapore Dollars. The Company refers to Singapore Airlines, the Parent Airline Company. The Group comprises the Company and its subsidiary, joint venture and associated companies).

Note 2: The settlement agreement was reached in Q1 FY1314 and $92 million was recognised in the first half of FY1314, of which $59 million pertained to change in prior years. $34 million compensation was recognised in the first half of FY2014-15.

Group net profit in the first half was down $157 million (-55.5%) year-on- year to $126 million. The share of results of associated companies fell $154 million, largely attributable to the Group’s share of Tiger Airways’ loss of $129 million, which included material charges relating to the sublease of surplus aircraft and sale of Tigerair Australia. The commencement of equity accounting for Virgin Australia from the second quarter further contributed to the weaker results (-$16 million). Exceptional items accounted for a loss of $10 million in the first half, compared to a net exceptional gain of $22 million last year [see Note 3]. These were partly offset by higher gains on disposal of aircraft, spares and spare engines (+$31 million).

The Parent Airline Company’s operating against the corresponding period last year. Revenue was down $151 million (-2.4%), arising from reduced incidental revenue [see Note 2] and passenger revenue. The fall was nearly offset by a $148 million (-2.4%) reduction in expenditure, due to lower fuel costs after hedging, and stringent cost management. Unit ex-fuel cost was down 3.9% year-on-year.

SIA Engineering’s operating profit declined $19 million (-33.9%). Total revenue fell by $4 million (-0.7%) as a result of lower airframe and component overhaul revenue, offset in part by higher fleet management revenue. Expenses rose by $15 million (+2.8%), primarily as a result of an increase in subcontract services.

SilkAir’s operating profit declined $17 million (-77.3%), as weaker yields (-5.0%) put a drag on revenue and capacity injection (+3.7%) pushed operating expenditure up.

SIA Cargo’s operating loss narrowed by $37 million from last year. With better capacity management, yields and load factor were up 1.9% and 0.2 percentage points, respectively.

Note 3: Exceptional items in the first half of FY1415 pertained to the Parent Airline Company’s provision for settlement with plaintiffs in the Transpacific Class Action ($11 million), SIA Cargo’s additional impairment on two marked-for-sale B747-400F aircraft ($7 million), partly offset by additional gain on sale of Virgin Atlantic Limited (VAL) to Delta Air Lines, Inc. ($7 million), and partial refund of fine on appeal from the Korean Fair Trade Commission ($1 million). Exceptional items in the first half of FY1314 was $22 million, mainly pertaining to gain on sale of VAL ($339 million), partially offset by SIA Cargo’s impairment on four B747-400 aircraft removed from operation ($293 million) and SFC’s impairment loss on its assets with the closure of its Maroochydore operations ($24 million).

Second Quarter 2014-15

Group operating profit for the second quarter improved $45 million (+51.7%) to $132 million.

Group revenue was almost flat at $3,905 million. Passenger revenue increased marginally, as higher passenger carriage was largely offset by a 0.9% decline in yields. Cargo revenue was down 0.5% on the back of lower capacity (-4.1%), but was mitigated by improved yields (+2.8%).

Group expenditure declined $41 million (-1.1%) to $3,773 million. Fuel costs before hedging fell $115 million, partially offset by a loss on fuel hedging, compared to a hedging gain in the same quarter last year (+$76 million).

Group net profit was down $70 million (-43.5%) year-on-year to $91 million. This was largely attributable to weaker results from associated companies (-$138 million), partly mitigated by higher operating profit (+$45 million), and higher gains on disposal of aircraft, spares and spare engines (+$35 million).

FIRST HALF 2014-15 OPERATING PERFORMANCE

The Parent Airline Company’s passenger carriage (in revenue passenger kilometres) increased marginally by 0.1%, while capacity (in available seat-kilometres) dipped 0.2% during the first half of the financial year. As a result, passenger load factor improved by 0.2 percentage points to 79.8%.

SilkAir recorded a 0.4 percentage-point increase in passenger load factor to 69.7%, as its 4.2% growth in traffic outpaced capacity injection of 3.7%.

SIA Cargo reduced its capacity (in capacity tonne-kilometres) by 3.8%. Airfreight carriage (in load tonne-kilometres) declined by 3.4%. Consequently, cargo load factor improved 0.2 percentage points to 62.2%.

No. 05/14 6 November 2014 Page 4 of 6

INTERIM DIVIDEND

The Company is declaring an interim dividend of 5 cents per share (tax exempt, one-tier), amounting to $59 million, for the half-year ended 30 September 2014. The interim dividend will be paid on 27 November 2014 to shareholders as of 18 November 2014.

FLEET AND ROUTE DEVELOPMENT

The Parent Airline Company took delivery of two Airbus A330-300s in the second quarter. As at September 30, 2014, the operating fleet of the Parent Airline Company comprised 105 passenger aircraft – 57 Boeing 777s, 29 Airbus A330-300s and 19 A380-800s, with an average age of 7 years.

During the quarter, SilkAir took delivery of two Boeing 737-800 aircraft, sold one Airbus A320-200 and decommissioned another A320-200 in preparation for return to lessor. As at September 30, 2014, its operating fleet comprised 26 aircraft – 14 Airbus A320-200s, six A319-100s and six Boeing 737-800s.

There was no change to Scoot’s fleet during the July-September quarter, comprising six Boeing 777-200s.

SIA Cargo operated a fleet of eight Boeing 747-400 freighters at September 30, 2014, the same as the previous quarter. It suspended freight operations to Lagos from July 29, 2014, and added services to Amsterdam, Brussels and Delhi in September to cater to seasonal demand.

In the Northern Winter season (October 26, 2014 – March 28, 2015), the Parent Airline Company will increase capacity to Auckland with daily Airbus A380 services, replacing the smaller Boeing 777-300 ER. To cater to peak period demand, three additional weekly services will be operated to Melbourne and Sydney, and two additional weekly services will be operated to Brisbane and Christchurch, from the end of November 2014 to January 2015. In addition, three weekly services will be operated to Sapporo from December 2014 to mid-January 2015. As part of a service restructuring to the Middle East, flights to Cairo and Riyadh have been suspended from October 2014. SilkAir suspended its twice-weekly services to Solo with effect from October 26, 2014. From December 12, 2014, it will begin daily services to Denpasar. Together with the Parent Airline Company, a total of five daily trips will be served between Singapore and the city, subject to regulatory approval. This will bring the combined network of both airlines to 99 cities in 35 countries.

OUTLOOK

The operating landscape for the airline industry remains competitive and challenging, as an uncertain global economic climate and geopolitical concerns persist.

Demand is generally flat, and yields will remain under pressure amid intense competition from other airlines and promotional activities in weaker markets.

Airfreight demand has seen a moderate recovery in recent months, with demand projected to be stronger in the third quarter as a result of the traditional peak period in the lead-up to Christmas. However, overcapacity in the airfreight market is expected to continue to put pressure on yields.

While there has been a reprieve from cost pressures arising from the decline in fuel prices in recent months, there is concern that the decline reflects a slow- down in major economies in the world which could ultimately hurt travel demand.

The Group will continue to track market movements closely and make appropriate adjustments to capacity, while practising cost discipline in all business areas. With a strong balance sheet, the Group is well positioned to meet the challenges ahead.

Analysis of the financial report:

Comment by Kelvin Wong of www.cityindex.com.sg

Earnings per share for 1H 2014/2015 has declined to $0.107 from $0.24 (y/y) which represents a sharp drop of 55%. Similar for Q2 2014/205 which EPS has declined to 7.7 from 13.6 (y/y) which translates to a 76% decline.

This poor performance has been contributed by its subsidiaries’ contribution towards the SIA Group’s operating profit where we see poor performance in SIA Engineering & SilkAir (both decline drastically by 33.9% and 77.3% respectively from 1H 2013/2014 to 1H 2014/2015.)

Going forward, SIA Group is likely to see downside pressure on its bottom-line due to intense competition from budget airline operators and economic risks such as the spread of Ebola that will hamper international travel.

Technically, SIA is still trading in a multi-year sideways configuration since Nov 2011 and in order to see a change of trend to the upside, it needs to break above the key resistance at 10.92

Link to Kelvin’s page at http://www.cityindex.com.sg/market-talk/analysts/kelvin-wong/

Copyright Photo: SPA/AirlinersGallery.com. Singapore Airlines’ Airbus A380-841 9V-SKL (msn 058) arrives in London (Heathrow).

Singapore Airlines: AG Slide Show

British Airways brings the Airbus A380 to Washington Dulles, adds three routes from London Gatwick

British Airways (London) yesterday (October 2) began flying its new 469-seat Airbus A380 aircraft between London Heathrow and Washington Dulles International Airport. This marks the first and only nonstop A380 service between the two nations’ capitals. The airline also officially unveiled its new, improved business and first class lounge for customers departing from Washington D.C.

British Airways will initially operate five A380 services a week from Washington Dulles. This will increase from the end of October to a daily A380 service, in conjunction with the daily flight BA 292, operated by a Boeing 747-400 and the thrice weekly flight BA 264, operated by a Boeing 777.

British Airways has ordered 12 A380s for delivery by 2016. The airline currently has six A380s in service. The first flight was operated with the pictured Airbus A380-841 G-XLEB.

British Airways currently flies its A380 aircraft from Los Angeles, Hong Kong and Johannesburg, with Singapore beginning on October 28 and San Francisco in April 2015.

In other news, British Airways has added another three new routes to its 2015 London Gatwick schedule. Seville in Spain, Funchal in Madeira and Las Palmas in Gran Canaria with the first flights from March 29, 2015.

The news follows announcements on eight other new London Gatwick routes, taking the total number of destinations British Airways flies to from London Gatwick to over 50 for Summer 2015.

From December this year, new winter sun and ski destinations will include Fuerteventura, Friedrichshafen and Grenoble.

Fuerteventura in the Canary Islands will operate from December 13 this year and other sunshine routes launching for summer 2015, will include Cagliari in Sardinia, Heraklion in Crete, Rhodes in Greece and Bodrum and Dalaman in Turkey.

The services to all three destinations will be served by a mixture of Airbus A319 and A320 aircraft from London Gatwick.

Top Copyright Photo: Ton Jochems/AirlinersGallery.com (all others by BA). Airbus A380-841 G-XLEB (msn 121) taxies at Los Angeles to the gate.

Below Photo: The cabin of the Airbus A380:

British Airways A380 Cabin

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Lufthansa is facing another pilot’s strike tomorrow

Lufthansa (Frankfurt) meanwhile is facing another day of strikes tomorrow (September 30) by its pilots, represented by the Vereinigung Cockpit union. The strike revolves around a dispute concerning retirement benefits.

The union issued this statement (translated from German):

The Vereinigung Cockpit (VC) 2014 plans industrial action at Lufthansa for tomorrow Tuesday, September 30.

Lufthansa pilots are on September 30, 2014 from 8.00 – 23.00 local time will strike on long-haul flights with the aircraft types Airbus A380, Boeing 747, Airbus A330 and Airbus A340 will not perform any departures from Frankfurt Airport. With this strike, a new collective agreement transitional care will be achieved.

Since Lufthansa management has not submitted any compromise or competitive offer, we are forced to take these other measures.

The Vereinigung Cockpit declares that it is always ready to avert strikes. We regret any inconvenience to the customers of Lufthansa.

Copyright Photo: Ton Jochems/AirlinersGallery.com. Airbus A380-841 D-AIMB (msn 041) arrives back at the Frankfurt hub.

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