Tag Archives: Airbus A330-302

Finnair updates its financial targets, aims for sustainable profitable growth

Finnair Airbus A330-302 OH-LTT (msn 1088) LHR (SPA). Image: 948136.

Finnair has issued this statement:

Following a period of accelerated growth, Finnair is now moving into a new phase. The company seeks to grow in line with the market, targeting sustainable and profitable growth.

Finnair’s Board of Directors has defined the following targets for the 2020-2025 strategy period:

  • Comparable EBIT of over 7.5% over the cycle (at constant fuel and currency), after a 12-18 month build-up period
  • ROCE of over 10% over the cycle (at constant fuel and currency), after a 12-18 month build-up period
  • On-time-performance of over 85%
  • Improved Net Promoter Score and improved employee Net promoter score

Finnair aims to deliver these targets through a focused strategy that leverages the geographical advantage of Finnair’s hub in connecting Europe and Asia.

During its Capital Markets Day on November 12, 2019, Finnair will elaborate on network and fleet optimization, operational excellence, retailing strategy and sustainability. Finnair’s management will also discuss its estimated investments for the strategy period and their potential financial implications.

Additional guidance for the 2020-2025 strategy period includes the following indicative items:

  • Capacity growth, measured in Available Seat Kilometres (ASK) of 3-5% CAGR
  • Optimize liquidity, yet keeping cash to sales ratio above 15% (34% as per 30 September 2019)
  • Gearing ratio 175% at maximum (74% as per 30 September 2019)
  • Assess renewal and downsizing of the hybrid bond
  • Increase the share of owned aircraft vs. leased aircraft
  • Keep the dividend policy unchanged

Top Copyright Photo: Finnair Airbus A330-302 OH-LTT (msn 1088) LHR (SPA). Image: 948136.

Finnair aircraft slide show:

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Gulf Times: Qatar Airways to replace all Airbus A330s by 2022 and all A320s by 2024

Qatar Airways Airbus A330-302 A7-AEI (msn 813) LHR (SPA). Image: 932957.

CEO Al-Baker of Qatar Airways was interviewed by the Gulf Times on its fleet plans.

The carrier will replace its remaining Airbus A330-200s and A330-300s with new Airbus A350s and Boeing 787 Dreamliners over the next three years.

“From 2024, our fleet will consist of Boeing 777s and 787s and Airbus A350s and A321s. At that time, there will not be any more Airbus A320s and A319s in our fleet,” stated Al-Baker.

Read the full report: CLICK HERE

Top Copyright Photo: Qatar Airways Airbus A330-302 A7-AEI (msn 813) LHR (SPA). Image: 932957.

Qatar Airways aircraft slide show:

Delta will boost available seats between Atlanta-San Juan, anticipating heavy holiday travel

Delta Air Lines Airbus A330-302 N822NW (msn 1627) LAX (Michael B. Ing). Image: 946076.

Delta Air Lines made this announcement:

Holiday travel to San Juan is on the rise and Delta Air Lines is prepared to accommodate increased demand by upgauging the aircrafts used to serve the Atlanta-San Juan route. The route will operate one of its four daily flights with an Airbus A330-300 aircraft.

The airline will transition to the Airbus A330-300, from December 21 to March 31. The 293-passenger aircraft includes 34 seats in First Class, 40 Comfort + seats, and 219 Main Cabin seats.

  • DL 559 will operate daily and will depart ATL at 9:40 am

Delta continues to support Puerto Rico’s local economy by bringing people together to promote the unique attractions the island has to offer. Recently, the airline’s employees earned $726,000 in profit-sharing and were compensated for 1,000 hours of volunteer work. This year the airline sponsors Saborea Puerto Rico for the fifth year, an annual event that showcases the island’s culinary talent. In 2018, Delta transported more than 750,000 people to and from Puerto Rico.

Top Copyright Photo: Delta Air Lines Airbus A330-302 N822NW (msn 1627) LAX (Michael B. Ing). Image: 946076.

Delta aircraft slide show (Airbus):

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Finnair increases capacity to London for summer 2019 with a second wide-body aircraft upgauge and a new daily frequency

Finnair Airbus A330-302 OH-LTT (msn 1088) BKK (Michael B. Ing). Image: 936233.

Finnair has made this announcement:

In line with its growth strategy, Finnair is adding capacity on its route between Helsinki and London Heathrow for the summer 2019 season starting on March 31, 2019.

Finnair will add a new daily frequency to and from London Heathrow, operated with an Airbus A320 family aircraft. Providing good connection opportunities from London with Finnair’s oneworld partners, the new flight will leave Helsinki at 11:40 and the return flight from London will depart at 13:50.

In addition, Finnair will further increase its capacity on the London route by upgauging the 16:00 flight between Helsinki and London, as well as the 18:10 flight from London to Helsinki, with an Airbus A330 wide-body aircraft (top). The change will provide more than 50 additional seats per flight compared to the current A321 narrow-body aircraft.

Finnair currently flies an Airbus A350 aircraft (above) daily for the first flight leaving Helsinki in the morning and for the return flight from London. Customers traveling from London via Helsinki to Finnair’s Asian destinations can now have a seamless business class experience with full-flat seats on their way to Asia and back.

During the upcoming summer season, Finnair will operate up to seven daily flights between both cities, including two frequencies with a wide-body aircraft. With the announced changes, Finnair will be adding approximately 21% more capacity on the route compared to the previous summer 2018 season.

Top Copyright Photo: Finnair Airbus A330-302 OH-LTT (msn 1088) BKK (Michael B. Ing). Image: 936233.

Finnair aircraft slide show:

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IAG reports strong financial results, livery change coming at Aer Lingus

Aer Lingus Airbus A330-302 EI-ELA (msn 1106) JFK (Stephen Tornblom). Image: 910752.

International Consolidated Airlines Group (IAG) on October 26, 2018 presented Group consolidated results for the nine months to September 30, 2018.

The IAG is the holding company of Aer Lingus, British Airways, Iberia, Level and Vueling.

IAG period highlights on results:

  • Third quarter operating profit €1,460 million before exceptional items (2017 restated(1): €1,450 million)
  • Net foreign exchange operating profit impact for the quarter adverse €111 million
  • Passenger unit revenue for the quarter up 1.3 per cent, up 2.4 per cent at constant currency
  • Non-fuel unit costs before exceptional items for the quarter up 0.5 per cent, down 0.7 per cent at constant currency
  • Fuel unit costs for the quarter up 14.3 per cent, up 15.0 per cent at constant currency
  • Operating profit before exceptional items for the nine months period €2,575 million (2017 restated(1): €2,400 million), up 7.3 per cent
  • Completion of second €500m share buyback programme on October 24
  • Interim dividend of 14.5 euro cents per share

 

Performance summary:

   Nine months to September 30  
Highlights € million 2018 2017

(restated)(1)

Higher / (lower)
       
Passenger revenue 16,326 15,507 5.3 %
Total revenue 18,346 17,450 5.1 %
Operating profit before exceptional items 2,575 2,400 7.3 %
Exceptional items 584 (271) nm
Operating profit after exceptional items 3,159 2,129 48.4%
       
Available seat kilometres (ASK million) 244,343 231,417 5.6 %
Passenger revenue per ASK (€ cents) 6.68 6.70 (0.3)%
Non-fuel costs per ASK (€ cents) 4.84 5.01 (3.2)%
       
Alternative performance measures 2018 2017

(restated)(1)

Higher / (lower)
       
Profit after tax before exceptional items (€ million) 1,970 1,805 9.1 %
Adjusted earnings per share (€ cents) 91.9 81.7 12.5 %
Adjusted net debt (€ million) 7,475 7,183 4.1 %
Adjusted net debt to EBITDAR 1.4 1.4 (0.0x)
       
Statutory results € million 2018 2017

(restated)(1)

Higher / (lower)
       
Profit after tax and exceptional items 2,514 1,597 57.4 %
Basic earnings per share (€ cents) 121.9 75.3 61.8 %
Cash and interest-bearing deposits 6,923 7,523 (8.0) %
Interest-bearing long-term borrowings 7,342 7,578 (3.1) %
        
For definitions refer to the IAG Annual report and accounts 2017.
(1)Restated for new accounting standards IFRS 15 ‘Revenue from contracts with customers’ and IFRS 9 ‘Financial instruments’.

Willie Walsh, IAG Chief Executive Officer, said:

“We’re reporting a good quarter 3 performance with an operating profit of €1,460 million before exceptional items, up from €1,450 million last year.

“These were strong results despite significant fuel cost and foreign exchange headwinds. At constant currency, our passenger unit revenue increased by 2.4 per cent while non-fuel unit costs went down 0.7 per cent.

“We’re pleased to announce an interim dividend of 14.5 euro cents per share and this week we completed our second €500 million share buy-back programme”.

Trading outlook

At current fuel prices and exchange rates, IAG expects its operating profit before exceptional items for 2018 to show an increase of around €200m from a base of €2,950m in 2017. Both passenger unit revenue and non-fuel unit costs are expected to improve at constant currency for the full year.

It’s back! College Football is returning to Dublin for the Aer Lingus College Football Series. Five epic games from 2020-2024. First up: Notre Dame Football v Navy Football.

Top Copyright Photo: Aer Lingus Airbus A330-302 EI-ELA (msn 1106) JFK (Stephen Tornblom). Image: 910752. The desire to create larger profits are driving an upcoming livery change at Aer Lingus. Look now, the amount of green is expected to be significantly reduced with the upcoming new livery. The first Aer Lingus aircraft in the new colors is expected at the end of January, 2019. The pictured Airbus A330-302, registered as EI-ELA, will probably be the first aircraft to be repainted (always subject to change). The new livery is expected to be something like Iberia Express with green engine cowlings and a dark green shamrock on the tail with two cheat lines down the fuselage. The size and style of the titles are still under discussion pending a final livery decision.

In other news, Aer Lingus is expecting their first Avro (BAe) RJ85 (EI-RJN) on Sunday with Aer Lingus titles and a shamrock in green decals.

Below Copyright Photo: Aer Lingus Airbus A330-302 EI-ELA (msn 1106) DUB (SM Fitzwilliams Collection). Image: 925195.

Named "St. Patrick".

Aer Lingus aircraft slide show:

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Finnair adds capacity to Lisbon, Alanya-Gazipasa and Brussels

The "Unikko poppy - Marimekko" special livery

Finnair will add flights between its Helsinki hub and Lisbon, Portugal and Alanya (Gazipasa), Turkey for the winter season 2018-2019.

Finnair opened its Lisbon route during the summer 2018 season, and due to strong demand, it will now fly the route daily year-round. The frequencies added to the Lisbon route increase the capacity on this route by 70% during the winter season.

Finnair is also adding flights to Alanya (Gazipasa), a popular holiday destination in Turkey, and flies there twice a week during the winter season (October 28, 2018 to March 31, 2019). This is the first time a destination on the Turkish Mediterranean coast will now be available on Finnair scheduled flights year-round.

In addition, capacity will be added to Finnair’s Brussels route as of October 31 when Finnair will start to fly one of its daily frequencies, on both Wednesdays and Saturdays, with a wide-body Airbus A330 (top). This change will offer added passenger and cargo capacity between both cities and an excellent business class product with full-flat seats for this busy route.

Top Copyright Photo (all others by Finnair): Finnair Airbus A330-302 OH-LTO (msn 1013) (Unikko poppy – Marimekko) JFK (Fred Freketic). Image: 937135.

Finnair aircraft slide show:

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Finnair extends Alaska Airlines partnership with new codeshares for the U.S. West Coast

The "Unikko poppy - Marimekko" special livery

Finnair has announced a new codeshare partnership with Alaska Airlines, which will further strengthen Finnair’s reach on the West Coast of the United States.

Starting May 20, Finnair’s code will be added to flights operated by Alaska Airlines between San Francisco and the following cities: Seattle/Tacoma, Portland, Salt Lake City, Las Vegas, Los Angeles, San Diego, Orange County and Palm Springs. The new codeshares will offer smooth connections for Finnair customers connecting in San Francisco, where Finnair operates from Helsinki with up to three weekly frequencies between May 3 and December 5, 2018.

 

Finnair and Alaska Airlines announced a frequent flyer partnership in May 2017, which enables members of both the Finnair Plus loyalty program and the Alaska Airlines Mileage Plan to earn and redeem miles or points on flights operated by both airlines.

Copyright Photo: Finnair Airbus A330-302 OH-LTO (msn 1013) (Unikko poppy – Marimekko) LHR (SPA). Image: 932220.

Finnair aircraft slide show: