Tag Archives: Finkenwerder

Spirit Airlines announces Las Vegas – New Orleans flights

Spirit Airlines (Fort Lauderdale/Hollywood) has announced daily, nonstop service to and from Louis Armstrong New Orleans International (MSY) and McCarran International Airport (LAS) in Las Vegas.

This new daily service begins on November 13, 2015 and brings the total number of Spirit nonstop flights to six destinations from New Orleans including Chicago (O’Hare), Ft. Lauderdale/Hollywood, Houston (Bush Intercontinental), Dallas/Fort Worth, and Detroit.

Spirit operates 28 daily departures to 19 destinations from Las Vegas.

Copyright Photo: Gerd Beilfuss/AirlinersGallery.com. This new Airbus A321 is pictured in the new bright yellow 2014 livery. The airliner is seen on a test flight at Hamburg (Finkenwerder). Airbus A321-231 D-AYAH (msn 6736) will become N658NK on delivery.

Spirit Airlines aircraft slide show: AG Airline Slide Show

AG Full screen views

 

Volaris takes delivery of its first Airbus A321, reports a 1Q net profit of $19.8 million

Volaris (Mexico City) on April 22 took delivery of its first Airbus A321-200. The pictured A321-231 D-AZAN (msn 6558) at Hamburg (Finkenwerder) was leased as XA-VLH from ALC. The low-fare airline has another copy on order. Volaris is now an operator of the A319, A320 and the A321.

On the financial side, the company reported its first quarter results with this report:

Volaris logo-1

First Quarter 2015 Highlights

Total operating revenues were Ps.3,768 million for the first quarter, an increase of 35.8% year over year.

Non-ticket revenues increased 64.6% for the first quarter year over year. Non-ticket revenue per passenger increased 41.6%, reaching Ps.337 (US$22) for the first quarter.

Total operating revenue per available seat mile (TRASM) increased to Ps.123.8 cents for the first quarter, an increase of 22.4% year over year.

Operating expenses per available seat mile (CASM) decreased 5.5% for the first quarter year over year to Ps.112.5 cents (US$7.4 cents). CASM expressed in US cents decreased 18.4% for the first quarter year over year.

Adjusted EBITDAR for the first quarter was Ps.1,204 million, a Ps.1 billion increase year over year with an Adjusted EBITDAR margin of 32.0%, a margin increase of 26.1 percentage points.
EBIT reached Ps.346 million with an operating margin of 9.2% for the first quarter, a margin improvement of 26.8 percentage points.

Net income was Ps.306 million ($19.8 million) (Ps.0.30 per share / US$0.20 per ADS) with a net margin of 8.1% for the first quarter, a net margin improvement of 21.4 percentage points.

During the first quarter the net increase of cash and cash equivalents was Ps.862 million mainly driven by the resources provided by operating activities of Ps.949 million. Unrestricted cash and cash equivalents was Ps.3,156 million (US$208 million), representing 21% of the last twelve month total revenues.

Volaris´ CEO Enrique Beltranena commented: “Volaris’ strong performance for the first three months of 2015 are evidence of the hard work and excellent execution to improve financial performance following a very challenging year. We continue to diversify our network and strengthen our unbundled product strategy, increasing our international presence and growing non-ticket revenues while maintaining cost discipline. We are committed to continue building solid foundations towards a strong and profitable 2015”.

Improving Macroeconomic Environment

The Mexican macroeconomic environment:
GDP growth for the full year 2014 was 2.1%.
Consumer confidence increased 7.8%, 6.8% and 4.8% year over year in January, February and March of 2015, respectively.
The Mexican General Economic Activity Indicator (IGAE) increased 2.0% year over year in January of 2015.

Exchange rate volatility: The Mexican peso depreciated 12.8% year over year against the US dollar, as the exchange rate devalued from an average of Ps.13.23 pesos per US dollar in the first quarter of 2014 to Ps.14.93 pesos per US dollar during the first quarter of 2015.

Lower fuel prices: The average economic fuel cost per gallon decreased 27.1% year over year in the first quarter of 2015, reaching Ps.29.7 (US$1.96) per gallon.

Focus on Network Diversification and Revenue Management Results in Unit Revenue Improvement

Unit revenue improvement and capacity management: TRASM and yield increased 22.4% and 17.5% for the first quarter year over year, respectively, as a result of a recuperating domestic fare environment and solid international fare environment. Domestic capacity increased 4.0%, reflecting capacity discipline and supporting yield recovery, while international capacity increased 31.4%.

Non-ticket revenues growth: Non-ticket revenues per passenger increased 41.6% year over year for the first quarter as Volaris continues to observe a customer acceptance of its ancillary revenue strategy. This growth is mainly driven by improved ancillary bundles and revenue management of bag and seat fees, as well as new product offerings.

Air traffic volume increase: The Mexican DGAC reported an overall passenger increase for Mexican carriers of 9.2% for January and February 2015. Volaris’ market share among Mexican carriers increased to 23.9% in both domestic and international markets, the second largest share among them.

New routes launch: In the first quarter, Volaris opened five routes (four domestic and one international), focusing on its VFR customer base, both in the domestic and the Mexico-US cross-border market.

First Quarter Operating Revenues: Managing Capacity for Profitability Results in Solid Traffic and Revenue Indicators

Volaris booked 2.5 million passengers in the first quarter 2015, a 16.2% year over year growth rate. Volaris traffic (measured in terms of revenue passenger miles, or RPMs) increased 10.0%.

Volaris’ total operating revenues were Ps.3,768 million in the first quarter, an increase of 35.8% year over year. Non-ticket revenues and non-ticket revenue per passenger reached Ps.846 million and Ps.337 (US$22), respectively. Non-ticket revenues per passenger increased 41.6%.

Maintaining Cost Discipline: Fuel Savings Combined With Other Efficiencies

CASM for the first quarter 2015 was Ps.112.5 cents (US$7.4 cents), a 5.5% decrease compared to the first quarter of 2014, mainly driven by a lower fuel price per gallon and efficiencies achieved in landing, take-off and navigation expenses, salaries and benefits. On a US dollar basis, CASM in the first quarter decreased 18.4% compared to the same period in 2014.

In the first quarter, Volaris experienced pressures in US-dollar denominated costs such as aircraft rents, international airport costs, and maintenance expenses due to the exchange rate depreciation of the Mexican peso.

Young and Fuel Efficient Fleet

As of March 31, 2015, the Company´s fleet was comprised of 51 aircraft (33 A320s and 18 A319s), with an average age of 4.5 years. Volaris expects to end 2015 with 55 aircraft, including our first two A321s which will be entering the fleet during the second quarter of the year.

Positive Cash Flow Generation, Strong Balance Sheet and Good Liquidity

During the first quarter the net increase of cash and cash equivalents was Ps.862 million mainly driven by the resources provided by operating activities of Ps.949 million.

As of March 31, 2015, Volaris had a record balance of Ps.3,156 million in unrestricted cash and cash equivalents, representing 21% of the last twelve month operating revenues. Volaris recorded negative net debt (or a positive net cash position) of Ps.1,900 million and total equity reached Ps.4,806 million.

During the first quarter of 2015, Volaris incurred capital expenditures of Ps.50 million, which included acquisitions of rotable spare parts, furniture and equipment of Ps.61 million, partially offset by reimbursements of net pre-delivery payments of Ps.11 million.

Active in Fuel Risk Management

Volaris has continued to remain active in its fuel risk management program with a combination of financial instruments including Jet Fuel swaps and purchase of call options. In the first quarter Volaris hedged 29% of fuel consumption at an average price of US$2.53 per gallon, which combined with the 71% unhedged consumption, resulted in a blended average economic fuel cost of US$1.96 per gallon for the quarter.

Copyright Photo: Gerd Beilfuss/AirlinersGallery.com. As of March 31, 2015, the Company´s fleet was comprised of 51 aircraft (33 A320s and 18 A319s), with an average age of 4.5 years. Volaris expects to end 2015 with 55 aircraft, including the first two A321s.

Volaris aircraft slide show: AG Airline Slide Show

AG Designed by photographers

easyJet celebrates the delivery of its 250th Airbus aircraft

EasyJet (UK) A320-200 D-AVVL (G-EZOL)(15-250 Airbus)(Tko) XFW (Airbus)(LRW)

EasyJet (UK) (stylized as easyJet)  (London-Luton) and Airbus celebrated their successful partnership yesterday (April 22) at a ceremony in Hamburg (Finkenwerder) to mark the delivery the airline’s 250th Airbus A320 family aircraft. Carolyn McCall, easyJet CEO, Jean-Paul Ebanga, CFM International President and CEO, Didier Evrard, Airbus EVP and Head of Programs, and Christopher Buckley, Airbus EVP Europe, Africa and Asia-Pacific were present at the event.

To celebrate the 250th delivery, easyJet unveiled its newest A320 with a unique livery featuring 250 miniature aircraft (below). As with other recent deliveries to easyJet, the A320 is equipped with the latest technology and fuel-saving Sharklets.

EasyJet (UK) A320-200 D-AVVL (G-EZOL)(15-250 Airbus)(Tail) XFW (Airbus)(LRW)

The airline flies 234 aircraft on more than 750 routes to over 130 airports across 33 countries.
easyJet operates Europe’s largest and the world’s fourth largest Airbus single aisle fleet. Since easyJet took delivery of its first Airbus aircraft (an A319) in September 2003, Airbus has delivered an aircraft on average every 16 days since the first delivery

EasyJet has 158 aircraft currently on order, and in terms of total aircraft orders is Airbus’ third biggest airline customer. Currently easyJet fly a fleet of 85 A320s (180 seats) and 149 A319s (156 seats).

Photos: Airbus. The pictured Airbus A320-214 D-AVVL (msn 6572) with the special emblems became G-EZOL on the handover on April 22.

EasyJet aircraft slide show: AG Airline Slide Show

Airbus celebrates the delivery of the 9,000th aircraft, the first A321 for VietJetAir

Airbus (Toulouse) has issued this statement and graph:

Airbus has celebrated the delivery of its 9000th aircraft at a ceremony in Hamburg, Germany on March 20, 2015. The aircraft is the first A321 to be delivered to Vietnamese carrier VietJetAir (Ho Chi Minh City) and will join the carrier’s all-Airbus A320 Family fleet flying on its fast-growing Asia-Pacific network.

VietJetAir first took to the skies at the end of 2011 and now operates a fleet of 22 A320 Family aircraft on a network covering Vietnam and a growing number of destinations across Asia. The A321 delivered today is the first of seven ordered by the airline as part of a major aircraft acquisition plan for up to 100 A320 Family aircraft announced in early 2014.

The 9000th delivery comes less than two years after Airbus reached its last milestone of 8000 aircraft-delivered in August 2013. Over the last 10 years, Airbus has doubled its deliveries to reach over 600 aircraft a year today – a figure that is set to rise further as the demand grows.

Top Copyright Photo: Gerd Beilfuss/AirlinersGallery.com. VietJetAir (VietJetAir.com) Airbus A321-211 D-AZAK (msn 5295) became VN-A651 on the handover.

Below Photo: Airbus. Airbus added special markings on the handover.

VietJetAir.com A321-200 WL VN-A651 (11-9000th Airbus Aircraft)(Nose)(Airbus)(LR)

VietJetAir aircraft slide show: AG Airline Slide Show

Airbus Deliveries Graph 3.2015 (Airbus)(LRW)

Nepal Airlines takes delivery of its first Airbus A320

Nepal A320-200 D-AXAR (9N-AKW)(14)(Tko) XFW (Airbus)(LRW)

Nepal Airlines Corporation (NAC) (formerly Royal Nepal Airlines) (Kathmandu) took delivery of its first Airbus A320 on February 7. The pictured Airbus A320-233 D-AXAR (msn 6445) (above) in the 2014 livery is also equipped with Sharklet fuel saving wing tip devices. The aircraft became 9N-AKW on delivery and is named “Sagarmatha”.

Nepal A320-200 nose (Nepal)(LR)

Nepal Airlines is planning to introduce the new type on February 26 on the Kathmandu – Hong Kong route. The next day it will be introduced on the Bangkok route.

Nepal Airlines is moving to an all Airbus jet fleet. The airline has another A320 on order. The two A320s will replace two older Boeing 757-200s (below).

Nepal 757-200 9N-ACB (Tko)(Nepal)(LRW)

Above Photo: Nepal Airlines. Boeing 757-2F8C 9N-ACB (msn 23863) sports the original Royal Nepal Airlines colors.

Following a handover in Hamburg, the aircraft was welcomed at a ceremony attended by government and airline officials at its home base on arrival in Kathmandu.

Below Photo: Nepal Airlines. The interior of the first Airbus A320.

Nepal A320-200 seat (Nepal)(LR)

Nepal 2014 logo

The aircraft has Required Navigation Performance (RNP) capability built-in, which enables the aircraft to fly precisely along predefined routes using state-of-the-art on-board navigation systems.

Nepal Airlines currently flies to four international destinations (Bangkok, Doha, Hong Kong and Kuala Lumpur) and 25 spectacular domestic locations in the heart of the Himalayas.

Top Copyright Photo: C. Brinkmann/Airbus (all others by Nepal Airlines).

LAN Airlines takes delivery of its first Airbus A321, arrives in Santiago

LAN Airlines (Chile) (Santiago), part of LATAM Airlines Group, celebrated the arrival of its first Airbus A321 today (December 5) at Santiago’s Comodoro Arturo Merino Benítez International Airport.

According to the airline, “This marks a significant milestone as LATAM Airlines affirms its regional and global presence as the largest A320 operator in Latin America. The aircraft, the first of 48 of its kind ordered by the airline, will be operated on domestic routes within Chile and joins LATAM Group’s existing fleet of nearly 230 A320 Family aircraft in operation.”

The A321 aircraft ordered by LAN have a one-class configuration with 220 seats and feature a new LATAM Airlines Group’s cabin, which is a blend of LAN and TAM cabin designs.

The A321 allows for an extended operating range of up to 3,200 nautical miles while carrying a maximum passenger payload; all of which will enhance the efficiency of LAN’s operations within Chile.

Copyright Photo: Gerd Beilfuss/AirlinersGallery.com. The pictured Airbus A321-211 D-AVXO (msn 6364) was officially handed over at Hamburg (Finkenwerder) on November 22 as CC-BEA before its long journey to Chile.

LAN Airlines aircraft slide show: AG Slide Show

SAS and Etihad Airways announce a codeshare agreement

Scandinavian Airlines-SAS (Stockholm) has announce a new codeshare agreement with Etihad Airways (Abu Dhabi). Etihad Airways is building an alliance of carriers.

Here is the official announcement:

SAS and Etihad Airways, the national airline of the United Arab Emirates, are set to begin codeshare operations and provide customers with enhanced travel options between Scandinavia and the UAE.

The agreement, which is subject to regulatory approval, will strengthen both carriers by enabling them to offer greater connectivity to and from a number of key European cities. SAS is Etihad Airways’ 47th airline partnership globally and its 22nd in Europe. For SAS, Etihad is the 23rd codeshare partner and the third with strong presence in the Middle East.

Both airlines will also develop and sign a Frequent Flyer agreement, which will benefit the members of Etihad Airways’ Etihad Guest and SAS’ EuroBonus loyalty programs.

The deal will see SAS place its SK code on Etihad Airways’ flights between Abu Dhabi and Brussels, Düsseldorf, Frankfurt, Rome, Milan, Zurich, Geneva and London Heathrow.

In turn, Etihad Airways will place its EY code on SAS-operated flights from these European destinations, excluding Brussels, onto SAS’ hubs in Copenhagen, Oslo, and Stockholm.

The EY code will also be placed on flights beyond Copenhagen to Billund and Ålesund; beyond Oslo to Ålesund, Kristiansand, Trondheim, and Stavanger; and beyond Stockholm to Umeå, Sundsvall, and Östersund.

Top Copyright Photo: SPA/AirlinersGallery.com. SAS’ Boeing 737-705 LN-TUF (msn 28222) arrives in London (Heathrow).

Scandinavian Airlines aircraft slide show: AG Slide Show

Etihad Airways aircraft slide show: AG Slide Show

Bottom Copyright Photo: Gerd Beilfuss/AirlinersGallery.com. Another view of Etihad Airways’ first Airbus A380 at Hamburg (Finkenwerder). The pictured A380-861 F-WWSS (msn 166) will become A6-APA on delivery.