Category Archives: Atlantic Airways (Faroe Islands)

Atlantic Airways takes delivery of its first Airbus A320

Atlantic Airways-Faroe Islands A320-200 (12)(Flt)(Airbus)(LRW)

Atlantic Airways, the national carrier of the Faroe Islands, has taken delivery of its first Airbus A320 as part of its plan to increase capacity, becoming Airbus’ newest operator of the type.

A320-214 OY-RCJ (msn 7465) was handed over to the airline on December 19, 2016.

Atlantic Airways passengers will benefit from the newest cabin comfort throughout the cabin in a single class layout with 168 seats and 18 inch wide seats as standard. The aircraft which is equipped with CFM engines will be deployed on routes from the Faroe Islands to Copenhagen.

Image: Airbus.

 

 

Advertisements

Atlantic Airways orders its first Airbus A320

Atlantic Airways-Faroe Islands A320-200 (12)(Flt)(Airbus)(LRW)

Atlantic Airways (Vagar), based in the Faroe Islands, has signed a firm order for one new Airbus A320. With this order Atlantic Airways becomes a new A320 customer. The aircraft will be delivered at the end of 2016, enabling the carrier to tap into the growing passenger market between the Faroes and Copenhagen.

Atlantic Airways is buying the larger aircraft due to the increasing demand on the route between the Faroes and Copenhagen. The new craft will primarily serve this route.

Atlantic Airways’ new A320 will have 168 seats.

 

Above Copyright Photo: Antony J. Best/AirlinersGallery.com. The airline already operates three Airbus A319s. The pictured A319-115 OY-RCG (msn 5079) completes its final approach to the Greek island of Corfu.

Atlantic Airways logo-2

According to the airline, “Currently, there are three Airbus 319 in Atlantic Airways’ fleet, one of which the company owns while it leases the other two. The leasing contracts for the two aircrafts expire in September 2016. The company plans to extend one of these contracts to secure sufficient capacity until the new aircraft has been acquired and while the new NORTH routes are being built up.

Until the fall of 2016, Atlantic Airways has opted to serve the NORTH routes with Airbus A319s. In this trial period the company will determine whether it is feasible to acquire a smaller plane to serve these routes. The company is still researching what type of aircraft is ideal for the NORTH routes.

In summary, within the next few years, Atlantic Airways plans to have a fleet consisting of an Airbus A320, an Airbus A319 and an aircraft suited for the NORTH routes.”

Atlantic Airways A319-100 (12)(Flt)(Atlantic)(LR)

Image above: Atlantic Airways.

The aircraft has Required Navigation Performance (RNP 0.1) capability built-in, which enables the aircraft to fly precisely along predefined routes using state-of-the-art on-board navigation systems. Atlantic Airways were the first airline in Europe to use the Required Navigation Performance approach.

Top Image: Airbus (all others by Atlantic Airways).

Atlantic Airways aircraft slide show: AG Airline Slide Show

Route Map:

Atlantic Airways (Faroe Islands) 8-2013 Route Map

Video:

AG Ad - Captain's Log 5.2015 (LRW)

Atlantic Airways to start Edinburgh, Scotland flights on March 30

Atlantic Airways (Vagar, Faroe Islands) will start a new route next summer to Edinburgh, Scotland. The route will be operated twice-weekly with Airbus A319s starting on March 30, 2015 per Airline Route.

Copyright Photo: Ton Jochems/AirlinersGallery.com. Atlantic Airways Airbus A319-112 OY-RCI (msn 3905) taxies at Amsterdam.

Atlantic Airways: AG Slide Show

Atlantic Airways to phase out its last Avro (BAe) RJ100

Atlantic Airways (Vágar) is getting ready to lease out its remaining Avro (BAe) RJ100 (OY-RCC, msn E3357) as it becomes an all-Airbus A319 operator for its prime routes to the Faroe Islands. According to ch-aviation, the company will operate OY-RCC for the last time on August 22 from Reykjavik to Vágar. The company previously issued this statement:

Atlantic Airways’ last “remaining BAe (Avro) RJ100 aircraft in its fleet will be dry leased to Malmø Aviation for a period of 17-30 months with effect by end of August 2014.

The lease is in line with the original plan to phase out the BAe RJ fleet. The lease will not have an impact on expectations for the full-year result in 2014, and is expected to generate a positive cash-flow.

Atlantic Airways will from end August then operate three Airbus A319 aircraft, two Bell 412 helicopters, as well as one AW 139 helicopter from March 2014 due to the temporary off-shore operations in Faroese waters. Atlantic Airways’ future fleet plan will be part of a strategy review during the spring.

The Faroe Islands based carrier focuses primarily on providing the Faroe Islands with air services, but provides also capacity for operations outside the Faroe Islands.”

In other news, Atlantic Airways is expected to operate one of its Airbus A319s for WOW Air.

Copyright Photo: Marco Finelli/AirlinersGallery.com. OY-RCC prepares to land in Florence, Italy on a charter flight.

Atlantic Airways: AG Slide Show

 

 

 

Atlantic Airways reports a net profit of $626,150 in the first half, up 160%

Atlantic Airways (Vagar, Faroe Islands) reported improved financial results and issued this financial report for the first half of 2013:

Revenue increased 5% to DKK 129.5 million in Q2 2013 from DKK 122.8 million in the corresponding period in 2012. The increase is mainly attributable to an increase in passenger numbers on scheduled services and increased charter activity as well as increased duty-free sales.

EBITDA (Earnings Before Interest, Tax, Depreciation and Amortization) in Q2 2013 decreased 1% from DKK 24.7 million in the second quarter of 2012, to DKK 24.3 million.

The result before tax (EBT) for the second quarter of 2013 was DKK 7.6 million, compared with DKK 6.9 million in the same period last year and the result after tax for the second quarter of 2013 was DKK 6.2 million, compared with DKK 5.7 million in the second quarter of 2012.

The main explanatory factors for the higher result in Q2 2013 are the increased number of passengers and higher load factor on scheduled services. However, the result in Q2 2013 was also affected by decreased helicopter activity.

EBITDA in the first half of 2013 were DKK 37.7 million, compared with DKK 31.7 million in the first half of 2012, an increase of 19%. The result before tax for the first half of 2013 amounted to DKK 4.3 million, compared with DKK 1.7 million in the same period in 2012 and the result after tax amounted to DKK 3.5 million, compared with DKK 1.4 million in the same period in 2012.

The supply of seats (ASK) on scheduled services in the second quarter was 1% lower than in  the corresponding period last year due to adjustments in capacity. Passenger traffic (RPK) on scheduled services increased 8% in the same period resulting in an increase in passenger load factor (PLF) from 71 to 78%. During the first half the supply of seats grew by 7% owing to the introduction of Airbus capacity in Q 1 and passenger traffic increased by 9% in total.

“Growth in traffic has been significant although there is still room for better loads in the low season”, says Magni Arge, CEO. Growth has been driven by low-fare campaigns and supported by growth in capacity in Q1.

In June, the second Airbus was introduced to service both the route network to the Faroes and charter operations out of Denmark. Like the first aircraft it was also modified to support the groundbreaking RNP AR navigational aid system. The system has improved the regularity and saved us a number of diversions. However, in July, the severe fog interrupted operations consistently over a period of four weeks resulting in 54 diversions and cancellations as well as a further 70 delays.

Without RNP AR equipped aircraft we would have experienced a further 20 diversions. The total cost of the unrecedented weather interruption in July is estimated at between 7.5 and 8.5 MDKK .” says Magni Arge.

Atlantic Airways currently estimates that the full-year result in 2013 will be about the same level as in 2012, yet fuel prices, adverse weather, and advice against travel to Egypt may have a negative impact on the result. Other risk factors mentioned in the Risk management section in the 2012 annual report may similarly affect the financial performance.

Vagar Airport Webcam: CLICK HERE

Copyright Photo: Karl Cornil/AirlinersGallery.com. The company is pioneering its RNP AR navigational aid system at Vagar Airport in the Faroe Islands. Airbus A319-115 OY-RCG (msn 5079) arrives at Barcelona on a flight from Vagar.

Atlantic Airways: AG Slide Show

Atlantic Airways logo

Route Map: Atlantic Airways is the only scheduled passenger airline on these routes from the Faroe Islands:

Atlantic Airways (Faroe Islands) 8-2013 Route Map

Videos:

DAP Mineral Airways starts operations in northern Chile

DAP Mineral Airways (the mining-related division of Aerovías DAP)  has begun using BAe (Avro) RJ85 OY-RCE (msn E2233) on January 10 2013 from Atlantic Airways (Faroe Islands). The aircraft has small Mineral Airways titles on the left front fuselage. The airline is operating from Santiago (SCL) to the Ricardo García Posada airfield of El Salvador in the northern part of Chile (SCES) as flight DAP 442.

OY-RCE made a test and certification flight on January 9 from SCL. The jetliner arrived in Chile on December 31 2012. The other two BAe 146-200 aircraft of Aerovias DAP are based in Punta Arenas (CC-CZP and CC-ACO), operating to Antarctica as DAP Antarctic Airways (Antarctica).
Aerovías DAP (Las Aerolíneas de la Patagonia) is based in Punta Arenas, in southern Chile.
Aerovias DAP logo
Top Copyright Photo: Alvaro Romero. Pictured arriving at Santiago, Chile on January 10, 2013 is Atlantic Airways’ RJ85 OY-RCE about to land on runway 17L. OY-RCE is operating for the new DAP Mineral Airways arriving from El Salvador, Chile (SCES), as flight DAP 443. OY-RCE does not have the Mineral Airways titles on the right side of the fuselage.
Bottom Copyright Photos and Maps: Aerovias DAP.
Aerovias DAP Antartica RJ85 (Aerovias DAP)(LR)
The two BAe 146-200s now carry Antarctic Airways titles.
DAP Antarctic Airways (titles)(Aerovias DAP)(LR)
Local Aerovias DAP routes in southern Chile:
Please click on the photo for the full size view.

Please click on the photo for the full size view.

Charter flights to Antarctica as DAP Antarctic Airways (now with titles):
Please click on the map for the full size view.

Please click on the map for the full size view.

Atlantic Airways reports a lower $940,000 profit in the second quarter

Atlantic Airways (Vagar), the airline of the Faroe Islands, reported a lower profit in the second quarter of the financial year.

Here is the full report by the airline:

“Revenue increased 3% to DKK 122.8 million in Q2 2012 from DKK 118.8 million in the corresponding period in 2011. The increase is mainly attributable to an increase in the helicopter segment.

EBITDA (Earnings Before Interest,Tax, Depreciation and Amortisation) for the second quarter of 2012 increased 8% from DKK 22.9 million to DKK 24.7 million in the corresponding period last year.

However, the result before tax (EBT) for the second quarter of 2012 was DKK 6.9 million ($1.14 million), compared with DKK 12.1 million ($2 million) last year and the result after tax for the second quarter of 2012 was DKK 5.7 million ($.94 million), compared with DKK 9.9 million ($1.5 million) last year.

The main explanatory factors for the lower result in Q2 are higher capital costs (because of the new Airbus A319) and lower contribution from charter and ACMI activity in Europe. However, lower contribution from scheduled services due to seasonality and lower load factor, as well as  increased fuel costs and strengthening US dollar had an impact too.

EBITDA for the first half of 2012 were DKK 31.7 million, compared with DKK 32.2 million for the first half of 2011, a decrease of 2%. The result before tax for the first half of 2012 amounted to DKK 1.7 million, compared with DKK 9.5 million in 2011 and the result after tax DKK 1.4 million, compared with DKK 7.8 million last year.

In addition to the explanatory factors mentioned above there has also been costs related to the phasing in of the new Airbus A319 and the leased AW 139 helicopter for offshore operations as well as costs related to managing two new aircraft types.

The phase-in of the new fixed-wing aircraft type has been successfully completed.  The operation meets expectations and supports a lower unit cost, but traffic development in Q 2 was lower then expected and resulted in a lower load factor while fuel and dollar cost increased. In general the experience from the first four months is positive, however a full-year cycle will provide a better understanding of the overall impact.

“The introduction of a factory-new Airbus A319 equipped with RNP AR navigational aid system has changed the aviation environment in the Faroe Islands. It supports our goal to improve regularity and lower unit cost in order to provide The Faroese people with the best service possible. We have not seen the full impact yet but improved regularity, enhanced safety, greater comfort, new destinations, reduced CO2 emissions and lower unit costs are some of the benefits we will optimise in the future,”says Magni Arge, CEO. “In the second quarter the helicopter operation has shown a solid potential through its additional involvment in offshore operations and we look forward to support the Statoil consortium during its exploration campaign in Faroese waters.”

Oil activity –  helicopter operation included – and fluctuations related to holiday seasons will support the traffic development in Q 3 and campaigns to support the traffic in Q4 is expected to increase the traffic in the second half of 2012.

Outlook for charter and ACMI are still lower but in Q3 agreements regarding capacity provisions for tour operators out of Denmark as well as air logistic support to offshore activity are in place while outlook for Q4 is more speculative.

Fuel prices and external economic factors are unpredictable and can still have a significant impact. Severe disruptions and irregularity from adverse weather in July is expected to cause higher cancellations and diverions costs in Q3 compared to the corresponding period last year. We remain cautious in our guidance as to financial performance in 2012 and expect a result closer to the 2010 levels rather than 2011.”

Copyright Photo: Nik French. BAe RJ100 OY-RCC at Manchester displays the updated 2012 livery that was introduced with the introduction of the first Airbus A319.