Tag Archives: 797

Austrian Airlines improves its profitability in the second quarter to $27.9 million

Austrian Airlines (Vienna) improved its turnaround by reporting an operating profit of $27.9 million in the second quarter. The company has issued this financial report:

Austrian Airlines, Austria‘s largest domestic airline, succeeded in significantly improving its earnings in the second quarter of the 2013 financial year to EUR 21 million ($27.9 million) (Q2 2012: EUR 12 million). This strong increase was primarily achieved by cost reduction measures. “The tough restructuring work in the past year is clearly reflected in the performance figures. We are making good progress, and maintain our goal to achieve a turnaround in 2013“, says Jaan Albrecht, Chief Executive Officer of Austrian Airlines.

In the previous year the transfer of flight operations to Tyrolean Airways had considerably increased earnings by EUR 82 million. The subsequent application of the new accounting standard IAS 19 increased these one-off effects by an additional EUR 136 million. For these reason, the operating result in the second quarter declined from the prior-year level of EUR 230 million to EUR 21 million in 2013. However, adjusting business results to take account of the one-off effects, the operating result actually rose by 80.1% or EUR 9 million.

However, the positive Q2 2013 results were not sufficient to generate an overall profit in the first half-year. Nevertheless, the accumulated loss of minus EUR 56 million in the winter quarter from January to March 2013 could be reduced to minus EUR 35 million. In the previous year, the half-year operating result amounted to EUR 163 million, or minus EUR 55 million when adjusting the results for the one-off effects.

First half-year 2013 performance indicators in detail:

Total operating revenues in the first half-year 2013 declined by 3.4 percent to EUR 1,043 million (H1 2012: EUR 1,080 million). The operating result for the first half of 2013 amounted to minus EUR 35 million (H1 2012: 163 million / H1 2012 adjusted: minus EUR 55 million). The main reason for the improved earnings is the success in limiting cost increases. Operating expenditures were reduced by five percent, from EUR 1,135 million to EUR 1,078 million. Capacity utilization of the aircraft also improved.

Fewer aircraft in use, better capacity utilization on board

In the first half of 2013, Austrian Airlines carried a total of 5.3 million passengers. This represents a slight decline of 3 percent from the prior-year level. The underlying reason is that Austria Airlines reduced the number of aircraft in use in its medium-haul fleet by four. In addition, up to two long-haul aircraft were taken out of service in the period January to June 2013, and equipped with the new long haul cabin. Capacity in available seat kilometers (ASK) was reduced by 7.4 percent. At the same time, Austrian Airlines succeeded in improving the passenger load factor to 75.7 percent (H1 2012: 74 percent). Capacity utilization on the new route to Chicago was already at a disproportionately high level in the second quarter of 2013. On balance, Austrian Airlines flew 66,325 flights in the first six months of 2013, or an average of 363 flights per day.

The number of people employed by the Austrian Airlines Group including its fully consolidated subsidiaries totaled 6,244 employees at the reporting date of June 30, 2013 (June 30, 2012: 6,686 employees).

Austrian Airlines continued to achieve a top performance with respect to reliability and punctuality, although the tough, long winter led to a slight deterioration. Its punctuality on departure was 86.6 percent, and punctuality on arrival was at a level of 84.8 percent. Accordingly, the punctuality of Austrian Airlines flights continued to surpass the European average. The regularity of flight operations amounted to 98.6 percent. According to ETB News, Austrian Airlines ranked sixth in the world among all airlines in June 2013 with respect to punctuality (Source: http://www.etravelblackboard.com/article/145383/the-most-punctual-airline-is).

Facts & figures for Q2 2013 at a glance 

 

 

Q2 2013

Q2 2012

Change

Total operating revenue

 € million

585

615

-5.0%

Operating expenditures

€ million

564

386

46.2%

Adjusted operating expenditures

€ million

564

604

-6.6%

Operating result*

€ million

21

230

.

Adjusted operating result

€ million

21

12

80.1%

Facts & figures for H1 2013 at a glance

 

 

HJ 2013

HJ 2012

Change

Revenue

€ million

977

1,029

-5.1%

Total operating revenue

€ million

1,043

1,080

-3.4%

Operating expenditures

€ million

1,078

917

17.6%

Adjusted operating expenditures

€ million

1,078

1,135

-5.0%

Operating result*

€ million

-35

163

.

Adjusted operating result

€ million

-35

-55

36.8%

 

 

   

 

 

 

 
Number of passengers carried

in thousands

5,280

5,444

-3.0%

Available seat kilometers (ASK)

in millions

10,680

11,532

-7.4%

Capacity utilization (passenger load factor)  

75.7%

74.0%

1.7 p

Number of flights

66,325

69,296

-4.3%

Fleet size (thereof 3 aircraft in wet lease)  

77

77

.

 

 

 

Regularity of flight operations

98.6%

99.3%

-0.7 p

Punctuality at departure

86.6%

90.4%

-3.8 p

Punctuality at arrival

84.8%

89.2%

-4.4 p

 

 

 

Number of employees at the reporting date

6,244

6,686

-6.6%

*There were two effects in 2012: a) One-off effects relating to the transfer of flight operations to Tyrolean Airways to the amount of EUR 82 million and b) retroactive adjustment of the prior-year figures to the new accounting standard IAS 19 (“Employee Benefits”) valid starting in the current reporting year totaling EUR 136 million.

Copyright Photo: Karl Cornil/AirlinersGallery.com. Airbus A320-214 OE-LBP (msn 797) in the 1958 retrojet scheme arrives in Brussels.

Austrian Airlines: AG Slide Show

Maximus Air grounds its five Airbus A300-600 freighters

Maximus Air (Abu Dhabi) has grounded its five Airbus A300-600 freighters due to the reported high operational costs. The cargo airline is canceling its A300 contracts. The carrier, which is restructuring and cutting costs, will continue to operate its Russian aircraft according to this report by The Loadstar. The A300s will be available for dry lease. DHL Aviation had been utilizing the aircraft.

Read the full report: CLICK HERE

Copyright Photo: Rainer Bexten/AirlinersGallery.com. Maximus Air introduced this new look in 2012. Airbus A300B4-622R (F) A6-NIN (msn 797) lands at the Liege cargo hub.

Video: The unveiling of the new livery in 2012:

Maximus Air: AG Slide Show

Air China to add Geneva on May 7

Air China (Beijing) has announced it will add Geneva starting on May 7, 2013. The flag carrier will offer nonstop four-times weekly Beijing – Geneva service using the Airbus A330-200. That will make Air China the only carrier offering nonstop rotations between Beijing and Geneva. The Beijing – Geneva route will become East Asia’s first direct route to Geneva, offering an additional flight option to travelers to and from Tokyo, Seoul, Hong Kong, Bangkok and Manila.

The flight numbers of the Beijing – Geneva service will be CA 861/862. The four-times weekly flight leaves Beijing at 13:30 and arrives at 18:25 in Geneva on the same day. The return flight is expected to take off from Geneva at 20:25 and arrive at the Beijing Capital International Airport at 12:55 the next day.

The Chinese carrier is also retiring the Boeing 757-200 from international service on March 31, 2013 on the Chengdu-Karachi route per Airline Route.

Top Copyright Photo: Dave Glendinning. Airbus A330-243 B-6076 (msn 797) in the special Zichen Hao livery taxies to the gate at London (Heathrow).

Air China: AG Slide Show

Bottom Copyright Photo: Michael B. Ing. Air China’s Boeing 757-2Z0 B-2820 (msn 25885) arrives back at the Beijing hub.

Air China expands domestically and internationally

Air China (Beijing) is expanding the number of flights both domestically and internationally with news services.

News link:

finance.yahoo.com/news/Air-China-Expands-Domestic-prnews-2434803114.html?x=0&.v=1

Copyright Photo: Antony J. Best.

Please click on photo or link below for full view, information and other photos:

http://airlinersgallery.com/2/2532702/#/gallery/newly-added-to-the-gallery/air-china-a330-200-b-6076-08-zichen-hao-apr-lhr-a6-lr-902896/