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Aeroflot Group reports a net loss for the first half

Aeroflot Group (Aeroflot Russian Airlines) (Moscow) today (August 31) published its consolidated interim financial statements for the six months ended June 30, 2015, in accordance with International Financial Reporting Standards:

Aeroflot logo

First Half (1H) 2015 Operating and Financial Highlights for Aeroflot Group:

  • Group passenger traffic increased by 14.0% year-on-year, with 33.4% year-on-year growth in the domestic segment;
  • Aeroflot Group increased its market share [1] by 5.8 percentage points (p.p.) year-on-year to 37.0%;
  • Revenue reached RUB 176,467 million, up 25.8% year-on-year;
  • EBITDAR [2] nearly doubled year-on-year to RUB 33,252 million;
  • EBITDA [2] increased by more than two-fold year-on-year to RUB 13,311 million;
  • Operating profit amounted to RUB 5,866 million as compared to an operating loss of RUB 1,384 million in 1H 2014;
  • Net loss amounted to RUB 3,541 million ($52,699.99)

Shamil Kurmashov, PJSC Aeroflot Deputy CEO for Finance and Network and Revenue Management, commented:

“In the first half of 2015, Aeroflot Group strengthened its position as the leader in the Russian air transportation market with 14.0% year-on-year growth in passenger traffic and a 5.8 percentage point increase in market share. This was driven by strong operational performance at Aeroflot airline and the successful roll-out of Russia’s first low-cost carrier, Pobeda, which has quickly become one the top airlines in the country. The Group also benefited from changes in the competitive landscape, taking market share from foreign carriers that decreased frequencies on a number of routes as well as less efficient Russian peers.

“Our focus on the high-growth domestic market paid off with strong increases in Group traffic, which drove revenue up 25.8% year-on-year to RUB 176.5 billion, while strict cost control reined in growth of operational expenses despite exchange rate volatility. As a result, in the first half of 2015 Aeroflot Group posted an operating profit of RUB 5.9 billion; EBITDA and EBITDAR also rose, and the EBITDA and EBITDAR margins increased 3.9 and 6.9 percentage points to 7.5% and 18.8%, respectively.

“The Group focused on fleet optimization, cost-cutting, boosting efficiency of business processes and financial management, and maintaining a robust financial position. We are confident our policy of expanding our presence on the growing Russian market, maintaining customer loyalty and increasing business efficiency will enable continued growth in the Group’s profitability as the Russian economy recovers.”

In 1H 2015, Aeroflot Group’s revenue increased by 25.8% year-on-year to RUB 176,467 million, primarily as a result of an increase in revenue from Scheduled passenger flights and Other revenues.

Revenue from scheduled passenger flights in 1H 2015 increased by 30.0% year-on-year to RUB 144,087 million, boosted by 14.0% growth in passenger traffic year-on-year. Revenue from charter flights decreased by 71.0% to RUB 2,075 million, due to the Group’s strategy to decrease its presence in this market segment, as well as overall market dynamics in tourism traffic.

Despite a 1.0% decrease in the volume of cargo and mail carried in 1H 2015, cargo revenue increased 16.3% year-on-year on the back of stronger yields.

Other revenues increased by 39.9% year-on-year to 25,863 million, mainly driven by an increase in FX-denominated revenues from airline agreements following changes in the exchange rate.

Notes:

1. Including foreign carriers traffic.

2. EBITDAR = EBITDA before operating lease expenses. EBITDA = operating income + depreciation & amortization + customs duties.

Copyright Photo: Michael B. Ing/AirlinersGallery.com. Boeing 777-3M0 ER VQ-BUB (msn 41690) departs from Los Angeles International Airport.

Aeroflot aircraft slide show: AG Airline Slide Show

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JAL is coming back to Dallas/Fort Worth

JAL-Japan Airlines (Tokyo) will restore the Tokyo (Narita) – Dallas/Fort Worth route on November 30. The restored route will be operated with Boeing 787-8 Dreamliners four days a week.

JAL-Japan Airlines logo-1

American Airlines issued this statement welcoming back JAL to DFW:

American Airlines 2013 logo

American Airlines is pleased to welcome fellow oneworld alliance member and Pacific Joint Business partner Japan Airlines (JAL) to Dallas/Fort Worth International Airport (DFW) with its return to service between Tokyo Narita (NRT) and DFW starting November 30, 2015. American will add its code to the route.

American currently operates twice-daily service from DFW to NRT with Boeing 777-200 aircraft. JAL will offer customers service four days per week with Boeing 787-8 aircraft fitted with the airline’s latest cabin interiors and seats in a three-class configuration and is considering scheduling daily service for spring 2016.

“On behalf of American’s 100,000 employees, we welcome our joint business partner, Japan Airlines, to our great hub in Dallas/Fort Worth,” said Andrew Nocella, American’s chief marketing officer. “American is making great strides to expand our presence in Asia, and this partnership represents a key component of that effort. This new service complements American’s existing service and brings more choice for our customers traveling between Asia and the U.S., providing more opportunities to connect Asia to South America. Japan Airlines is an honorable partner and a great friend to American.”

“We are pleased to announce the return of Dallas/Fort Worth to our international network, which becomes our eighth gateway in North America and our fourth U.S. service launch in just over three years,” said Yoshiharu Ueki, President of Japan Airlines. “By making full use of the efficiencies of the Dreamliner as well as capitalizing on our even stronger relationship with American Airlines, we are confident this resumed service will provide even more valuable links for commercial and cultural exchanges for our customers in both regions and beyond.”

“We are honored to welcome back Japan Airlines to Dallas/Fort Worth International Airport and are excited about the outstanding connectivity and customer service they will provide to passengers flying to Japan and throughout Asia,” said Sean Donohue, chief executive officer of DFW Airport. “With the addition of this new flight to Tokyo, coupled with partner American Airlines’ two daily flights, DFW Airport will further support our mission to connect the world to Dallas Fort Worth.”

 

American and JAL commenced their Pacific Joint Business partnership in April 2011, and have since greatly expanded customer benefits including better flight schedules, expanded codesharing, more coordinated services and greater access to a wider variety of fares.

JAL will offer a special bonus mile campaign for JAL Mileage Bank loyalty program members. For details, refer to the JAL website.

Copyright Photo: Fred Freketic/AirlinersGallery.com. Boeing 787-8 Dreamliner JA839J (msn 34853) taxies at New York’s JFK International Airport (JFK).

JAL aircraft slide show: AG Airline Slide Show

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Cargojet and UPS Canada enter into a long-term cargo relationship

Cargojet Airways (Hamilton) has announced the company has entered into a new Air Cargo Service Agreement with United Parcel Service Canada Ltd. (UPS). This Agreement replaces the agreement originally entered into in 2003 to provide domestic overnight air cargo services throughout Canada.

The initial term of the agreement is for a ten-year period with two, three-year renewal options.

Cargojet logo

Cargojet is Canada’s leading provider of time sensitive overnight air cargo services and carries over 1,000,000 pounds of cargo each business night. Cargojet operates its network across North America each business night, utilizing a fleet of all-cargo aircraft consisting of 5 Boeing 767-300 ER, 5 Boeing 767-200 ER, 5 Boeing 757-200 and 9 Boeing 727-200F aircraft.

Copyright Photo: Chris Sands/AirlinersGallery.com. Cargojet is one of the last operators of the Boeing 727 in Canada. Boeing 727-223 (F) C-GCJY (msn 22460) departs from Calgary.

Cargojet aircraft slide show: AG Airline Slide Show

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XTRA Airways introduces a new livery, completes its move to the Miami area

XTRAirways 737-400 N688XA (15)(Grd)(XTRA)(LR)

XTRA Airways (stylized as XTRAirways) (formerly Casino Express Airlines) (Boise, now Miami) has introduced a new livery.

The charter airline has also acquired ex Airberlin/Orenair Boeing 737-86J now registered as N625XA (msn 32625, Ex D-ABBC/VP-BEZ). The new addition was painted this week at Roswell, New Mexico.

XTRAirways logo

The company recently announced on May 29 that it had completed the relocation of its corporate headquarters from Boise, Idaho to its new home at Coral Gables, Florida near Miami International Airport.

XTRA with the move, had also opened its new Operations Control Center (OCC). XTRA’s new OCC, which includes Flight Dispatch, Maintenance Control, Flight Crew Scheduling and Flight Logistics Support, is now co-located with its parent company (AerLine Holdings, LLC) at AerLine’s existing headquarters at 121 Alhambra Plaza, Coral Gables, FL.

XTRA Airways, which also operates 150-seat Boeing 737-400 series aircraft (above), was founded in 1987 as an FAA Certified, 14 CFR Part 121 Air Carrier, and was acquired by AerLine Holdings, Inc. in December 2014.

According to the company, “XTRA has operated for over 25 years specializing in providing safe and reliable air travel, while focusing on personalized customer care in the demanding commercial jet charter market.”

Photo: XTRA Airways. Ex-City Airways Boeing 737-4Y0 N688XA (msn 24688) shows off the new look and was leased from AerSale on May 28, 2015.

XTRA Airways aircraft slide show: AG Airline Slide Show

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Boeing completes the configuration of the new 777X, first delivery in 2020

Boeing 777-9 (Nose)(Flt)(Boeing)(LR)

Boeing (Chicago, Seattle and Charleston) announced today the completion of the firm configuration milestone for the 777-9, the first member of the 777X family to be developed.

Boeing continued:

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The Boeing 777X team reached this significant design milestone after working closely with airline customers and key suppliers to optimize the configuration of the new airplane.

The 777X family includes the 777-8 and the 777-9 – both designed to respond to market needs and customer preferences. The 777-8 and 777-9 provide significant range, payload and fuel burn advantages compared to the A350.

The firm configuration milestone marks the completion of configuration trade studies required to finalize the airplane’s capability and basic design. Wind tunnel test results, aerodynamic performance and structural loads are also evaluated to ensure the airplane meets requirements. This allows the 777X team to begin detailed design of parts, assemblies and other systems for the airplane. As detailed designs are completed and released, production can begin.

Boeing 777-9 (Flt)(Boeing)(LR)

The 777X will be the largest and most efficient twin-engine jet in the world, with 12 percent lower fuel consumption and 10 percent lower operating costs than the competition. In addition, the 777X will bring cabin innovations and improved levels of passenger comfort.

The 777X program has received orders and commitments for 320 airplanes from six customers worldwide. Production is set to begin in 2017.

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Images: Boeing.

Boeing 777-9 (Flt-1)(Boeing)(LR)

Delta inks partnership deals with nine universities that go beyond logo placement and into campus life

Delta Air Lines (Atlanta) today made this announcement:

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Starting with the fall 2015 semester, Delta Air Lines will launch alliances with nine universities across the country that go beyond traditional stadium signage to embed the airline and its employees in campus and alumni events, academics and career recruiting and counseling, all in an effort to become a lifelong travel partner to future customers.

By employing a team of college seniors, Delta has gained direct insight into the needs of its next generation of customers. Students’ feedback following an eight-week intensive internship at the airline’s Atlanta headquarters formed the foundation for Delta’s groundbreaking approach to university partnerships.

“College students are a savvy group of consumers,” said Jeff Robertson, Delta Vice President – Product Development, Sky Clubs and Marketing Communications. “By creating campus and alumni events that incorporate our people, our unmatched focus on customer service, leadership and more, we will give students and alums the opportunity to really get to know our airline. Ultimately, we believe this will position Delta as their trusted partner over a lifetime of travel.”

Delta’s new university partners include: Duke University, The University of Florida, Indiana University, University of Michigan, Michigan State University, University of Notre Dame, The Ohio State University, Penn State University and University of Wisconsin. The airline also has existing partnerships with Boston College, Georgia Institute of Technology, University of Georgia, University of Minnesota, University of North Carolina, and Syracuse University.

“When we met with the Delta team to explore ideas for a partnership, it quickly became clear they were thinking differently,” said Scott Correira, President of Notre Dame Sports Properties. “Delta is moving past the traditional events and logo placements and working with us to create valuable and impactful programs – to engage with students, alumni, fans and staff at a higher level than traditional partnership programs.”

The airline will engage students through unique, hands-on campus events. These include:

  • Delta employees providing hands-on help as 10,000 new freshmen arrive for Michigan State Sparty Move-In Day Aug. 30. Delta employees will offer luggage carts, refreshments, and complimentary care packages to help students settle into their new digs.
  • Lighting up the Delta Celebration Grill, built by the Delta TechOps team to look like an aircraft, at select football season tailgate parties for SkyMiles members and those who sign up onsite. Tailgates will feature College Football Legend appearances, a social photo capture and sharing hub, lounge space with feeds of college football games and more.
  • Delta being front and center for Midnight Madness and the start of the 2015-16 college basketball season at universities such as Michigan State and Duke.
  • Partnering with local alumni association chapters to participate in football watch parties with food and beverage specials and premium branded items for SkyMiles members. Participants will have the opportunity to win trips to a home football game during the 2016 season.
    The campus events reflect feedback the airline gained from interns this summer.

 

In addition to on-campus events and activities, Delta will support select students for study abroad or alternative spring break travel, allowing students to participate in volunteer activities worldwide. Details of this program are to be announced. Delta also will be on campuses showcasing the benefits of a career with the airline while also providing valuable career path lessons to students.

While Delta’s unique approach to this university audience has been informed by the students themselves, media partner, LinkedIn, provided insight on connections between the airline’s existing corporate customers and the colleges and universities from which they graduated. That information helped the airline prioritize which universities to approach.

In addition to programs launching this fall, Delta is exploring ways to continue to reach beyond athletics with opportunities to complement academics with events such as C-level executive summits at select schools and more robust on-campus recruiting programs.

Top Copyright Photo: Michael B. Ing/AirlinersGallery.com. Boeing 767-432 ER N837MH (msn 29710) departs from Los Angeles International Airport.

Delta aircraft slide show (current livery): AG Airline Slide Show

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WestJet’s first Boeing 767-300 arrives today in Calgary with a new logo

WestJet 767-300 WL (15)(Grd)(WestJet)(LR)

WestJet (Calgary) today (August 27) ushers in a new era in the airline’s 19-year history with the arrival early this morning of the first of four Boeing 767-300 extended range aircraft, allowing the airline to begin serving Europe and other regions of the world from Canada on a non-stop basis. Inaugural wide-body flights will begin in early September.

WestJet 767-300 WL (15)(Flt)(WestJet)(LR)

Featuring a new teal and blue maple leaf-themed logo (above) that will eventually appear on all WestJet aircraft, the airline’s 767s seat 262 guests and have a range of approximately 11 hours.

WestJet 767-300 Cabin (WestJet)(LR)

The aircraft will include a Plus cabin with 24 premium seats in a two-by-two configuration, hot meals and all of the other amenities associated with Plus (above). The main cabin has 238 seats, with two seats on either side of the aircraft and three in the middle. By next spring all four 767s will be equipped with WestJet Connect, the airline’s new inflight entertainment and wireless connectivity system.

The four aircraft will arrive separately over the next eight months. The aircraft that arrives today will begin service in September and operate flights between Toronto and Calgary for the next several months. With the arrival of two additional wide-bodies this fall, the 767s will be flying from Alberta to Hawaii and between Toronto and Montego Bay, Jamaica beginning in December. The fourth and final aircraft will arrive next spring just prior to the launch of WestJet’s new service to London (Gatwick) in May 2016.

Following discussions over the summer with airports across the country, the airline will announce the Canadian cities from which it will operate its summer schedule, including to London, in mid-September.

Images: WestJet.

WestJet aircraft slide show: AG Airline Slide Show

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