Tag Archives: 747446

Transaero Airlines starts its interline agreement with WestJet

Transaero Airlines (Moscow) has announced that its interline agreement with WestJet (Calgary) has taken effect offering Transaero passengers new opportunities for travel from Moscow. Via connections in Toronto (Pearson) and Los Angeles, Transaero passengers can now access the extensive WestJet network throughout Canada, the United States, Mexico, the Caribbean, and Central America.

Now Transaero passengers are able to purchase tickets on connecting flights from Moscow via Toronto to destinations within WestJet’s route network in Canada, including Vancouver, Calgary, Edmonton, Montreal, Ottawa, Winnipeg, and many others.

In the near future, in addition to WestJet’s domestic routes, Transaero will offer its passengers connecting flights via Toronto to many WestJet’s destinations outside of Canada such as Phoenix, Honolulu, Kailua-Kona, Kahului, Lihue, Los Angeles, Palm Springs, San Diego, San Francisco, Anaheim, Las Vegas, New York, Miami, Orlando, Tampa, Fort Lauderdale, Fort Myers, Myrtle Beach, Bahamas, Bermuda, the Dominican Republic, Costa Rica, Cuba, Mexico, and Jamaica.

The agreement also provides the opportunities for connecting flights via Los Angeles with WestJet flights to Vancouver, Calgary, and Edmonton.

In other news, Transaero will start a new daily route with Boeing 737-800s between Moscow (Vnukovo) and Istanbul (Ataturk) on October 27.

Copyright Photo: Ton Jochems/AirlinersGallery.com. Transaero Airlines’ Boeing 747-446 EI-XLJ (msn 27646) arrives at the resort destination of Antalya, Turkey.

Transaero Airlines: AG Slide Show

WestJet: AG Slide Show

Transaero Airlines’ 2012 net profit drops by 51% to $28.7 million

Transaero Airlines (Moscow) has issued the following short statement concerning its financial performance during 2012.

Transaero Airlines has published its financial results under RAS for 2012 which demonstrate the Company’s growth.

• Revenue from all activities in 2012 reached RUB 97.6bln, 13% more than in 2011
• Traffic revenue from in 2012 made up RUB 90.3bln, a 35% increase on 2011
• Revenue from asset transactions decreased by 64% and reached RUB 6.8 bln
• The Company’s revenue grew faster than prime costs and expenses.
• Transaero’s sales revenue increased 2.9 times over 2011, to RUB 7 bln

Net profit reached RUB 902 million ($28.7 million), a 51% decrease over 2011. The Company’s profit was mainly ensured by revenues from the main carrier’s activities. Transaero has achieved these results amid a significant growth of air fuel price, social payment and taxes.

In other news, the Russian airline added twice-weekly Boeing 737-500 service from St. Petersburg to Kaliningrad on May 12 in competition against Rossiya Airlines per Anna Aero.

Kaliningrad is a seaport city and the administrative capital of the Kaliningrad Oblast, the Russian exclave located between Poland and Lithuania on the Baltic Sea. This enclave is geographically separated from the rest of Russia.

Copyright Photo: Andi Hiltl/AirlinersGallery.com. Boeing 747-446 EI-XLD (msn 26360) approaches the Turkish resort destination of Antalya.

Transaero Airlines: AG Slide Show

Atlas Air Worldwide Holdings reports 2Q adjusted net income of $31.2 million

Atlas Air Worldwide Holdings, Inc. (Atlas Air) (New York) today announced earnings for the second quarter of 2012 and reaffirmed guidance for full-year earnings in excess of $5.10 per diluted share on both a reported and adjusted basis.

For the three months ended June 30, 2012, adjusted net income attributable to common stockholders totaled $31.2 million, or $1.18 per diluted share, compared with $26.0 million, or $0.98 per diluted share, for the three months ended June 30, 2011.

On a reported basis, second-quarter 2012 net income attributable to common stockholders totaled $30.9 million, or $1.16 per diluted share, compared with $23.8 million, or $0.90 per diluted share, in the second quarter of 2011.

Revenues totaled $424.7 million in the second quarter of 2012 and $349.6 million in the second quarter of 2011.

“In AMC Charter, volumes and profitability increased as strong growth in our military passenger service outweighed a moderation in AMC cargo demand. And in Commercial Charter, higher volumes and profitability reflected the scale and flexibility of our operations. We deployed an additional 747-400 aircraft to support increased demand in South America, and we responded to relatively solid demand in other markets, particularly from the high-tech and automotive industries, with two 747-400 cargo aircraft that were available during their ACMI remarketing periods. These aircraft returned to ACMI service in June and July 2012, demonstrating the strong interest in our 747-400 aircraft.”

During the second quarter, an average of 1.1 Dreamlifter large cargo freighters were in CMI service for Boeing, up from 0.7 last year. CMI cargo service for DHL increased to three 767 freighters at the end of the quarter from none last year and one at the end of the first quarter. A fourth 767 freighter entered service in July, and a fifth is expected to enter service in October 2012.

Earnings in the second quarter of 2012 also reflected a reduction in maintenance expense, primarily due to the retirement of 747-200 aircraft. Results in each segment, however, were partially offset by increased crew costs and other volume-driven operating expenses compared with the second quarter of 2011. In addition, AMC Charter and Commercial Charter incurred higher aircraft ownership costs related to the deployment of 747-400 aircraft in each segment in lieu of 747-200 aircraft.

Adjusted results in the second quarter of 2012 exclude incremental costs related to the retirement of the company’s 747-200 fleet, costs incurred to refinance certain debt, and a gain on the disposal of aircraft. Adjusted results in the second quarter of 2011 exclude pre-operating expenses for the introduction of new aircraft types, including incremental costs incurred as a result of aircraft delivery delays, as well as a gain on the disposal of aircraft.

Half-Year Results

For the six months ended June 30, 2012, adjusted net income attributable to common stockholders totaled $44.9 million, or $1.69 per diluted share, compared with $38.7 million, or $1.47 per diluted share, for the six months ended June 30, 2011.

On a reported basis, first-half 2012 net income attributable to common stockholders totaled $43.7 million, or $1.65 per diluted share, compared with $34.4 million, or $1.30 per diluted share, in the first half of 2011.

Revenues totaled $784.0 million in the first six months of 2012 and $647.2 million in the first six months of 2011.

Copyright Photo: Tony Storck. Boeing 747-446 N465MC (msn 24784) is being operated as a passenger aircraft for the military charters. It is pictured touching down at Baltimore/Washington.

Atlas Air: