Tag Archives: boeing 737 800 aircraft

Copa Holdings reports 2Q net income of $74.4 million

Copa Holdings, S.A. (Copa Airlines and Copa Colombia) has announced financial results for the second quarter of 2013:

OPERATING AND FINANCIAL HIGHLIGHTS

  • Copa Holdings reported net income of US$74.4 million for 2Q13, or diluted earnings per share (EPS) of US$1.68.  Excluding special items, Copa Holdings would have reported an adjusted net income of $85.0 million, or $1.92 per share, a 45.3% increase over adjusted net income of US$58.5 million and US$1.32 per share for 2Q12.
  • Operating income for 2Q13 came in at US$97.7 million, a 34.5% increase over operating income of US$72.6 million in 2Q12.  Operating margin for the period came in at 16.5%, compared to 14.1% in 2Q12, as a result of lower unit costs.
  • Total revenues increased 14.8% to US$592.0 million.  Yield per passenger mile decreased 4.6% to 16.4 cents and operating revenue per available seat mile (RASM) decreased 2.5% to 12.8 cents.  However, adjusting for a 7.3% increase in length of haul, yields decreased 1.2% and RASM increased 1.0%.
  • For 2Q13, passenger traffic (RPMs) grew 20.4% on a 17.7% capacity expansion.  Consolidated load factor came in at 75.3%, or 1.7 percentage points above 2Q12.
  • Operating cost per available seat mile (CASM) decreased 5.2%, from 11.3 cents in 2Q12 to 10.7 cents in 2Q13.  CASM, excluding fuel costs, decreased 2.6% to 6.7 cents.
  • Cash, short term and long term investments ended 2Q13 at US$848.7 million, representing 35.0% of the last twelve months’ revenues.
  • During the second quarter, Copa Airlines took delivery of one Boeing 737-800 aircraft.  As a result, Copa Holdings ended the quarter with a consolidated fleet of 86 aircraft.
  • For 2Q13, Copa Holdings reported consolidated on-time performance of 89.3% and a flight-completion factor of 99.7%, maintaining its position among the best in the industry.

SUBSEQUENT EVENTS

  • On July 17, 2013, Copa Airlines announced it will begin nonstop service four times a week from Panama to Tampa, Fla., on December 16, 2013.  Tampa will be Copa Airlines’ ninth U.S. destination and its 66th destination overall.
  • On August 7, 2013, the Board of Directors of Copa Holdings resolved to change the Company’s dividend policy to increase the annual distribution to an amount equal to 40% of the prior years’ annual consolidated net income. In addition, dividends going forward will be distributed in equal quarterly installments during the months of March, June, September and December, subject to board approval each quarter.  On August 7, 2013, the Board of Directors also approved dividend payments payable at the end of both 3Q13 and 4Q13, in amounts equal to 10% of the consolidated net income of 2012.
Consolidated Financial &
Operating Highlights
2Q13 2Q12 % Change 1Q13 % Change
Revenue Passengers Carried (‘000) 1,861 1,658 12.2% 1,899 -2.0%
RPMs (mm) 3,475 2,886 20.4% 3,529 -1.5%
ASMs (mm) 4,618 3,923 17.7% 4,590 0.6%
Load Factor 75.3% 73.5% 1.7 p.p. 76.9% -1.6 p.p.
Yield 16.4 17.2 -4.6% 17.6 -6.9%
PRASM (US$ Cents) 12.3 12.6 -2.3% 13.5 -8.9%
RASM (US$ Cents) 12.8 13.1 -2.5% 14.0 -8.2%
CASM (US$ Cents) 10.7 11.3 -5.2% 10.9 -1.5%
CASM Excl. Fuel (US$ Cents) 6.7 6.9 -2.6% 6.5 3.3%
Breakeven Load Factor (1) 61.6% 63.0% -1.4 p.p. 58.7% 2.9 p.p.
Fuel Gallons Consumed (Millions) 60.0 52.1 15.0% 60.1 -0.2%
Avg. Price Per Fuel Gallon (US$ Dollars) 3.08 3.32 -7.3% 3.34 -7.8%
Average Length of Haul (Miles) 1,868 1,740 7.3% 1,859 0.5%
Average Stage Length (Miles) 1,126 1,063 6.0% 1,123 0.2%
Departures 29,357 27,005 8.7% 29,428 -0.2%
Block Hours 84,985 74,678 13.8% 84,490 0.6%
Average Aircraft Utilization (Hours) 10.9 10.6 3.1% 11.3 -3.5%
Operating Revenues (US$ mm) 592.0 515.8 14.8% 641.3 -7.7%
Operating Income (US$ mm) 97.7 72.6 34.5% 142.6 -31.5%
Operating Margin 16.5% 14.1% 2.4 p.p. 22.2% -5.7 p.p.
Net Income (US$ mm) 74.4 32.0 132.6% 113.8 -34.6%
Adjusted Net Income (US$ mm) (1) 85.0 58.5 45.3% 124.4 -31.6%
EPS – Basic and Diluted (US$) 1.68 0.72 132.4% 2.56 -34.6%
Adjusted EPS – Basic and Diluted (US$) (1) 1.92 1.32 45.2% 2.80 -31.6%
# of Shares – Basic and Diluted (‘000) 44,387 44,354 0.1% 44,387 0.0%

(1)Breakeven Load Factor, Adjusted Net Income and Adjusted EPS for 2Q13, 2Q12, and 1Q13 exclude non-cash charges/gains associated with the mark-to-market of fuel hedges.   Additionally, for 1Q13 excludes a US$13.9 million charge related to the devaluation of the Venezuelan currency.

Copyright Photo: Jay Selman/AirlinersGallery.com. Boeing 737-8V3 WL HP-1721CMP (msn 40362) prepares to touch down in Miami.

Copa Airlines: AG Slide Show

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Ryanair launches aircraft advertising

Ryanair (Dublin) under the file “It was bound to happen”, has announced it will now sell advertising space on its 303 Boeing 737-800s. Although not a full logojet, a space by the nose and three other locations is being offered to any potential advertisers. The ultra-low fare airline issued this statement:

Ryanair, Europe’s only ultra-low cost carrier (ULCC), on July 17 offered businesses across the world the chance to advertise their brand on its fleet of 303 Boeing 737-800 aircraft and reach millions of European passengers through Europe’s largest and cheapest outdoor advertising medium. Ryanair operates over 1,600 flights per day, connecting 180 destinations in 29 countries, through over 1,600 routes and will carry more international passengers this year (81.5 million) than any other airline in the world. Companies can have their brand featured on four different locations on the Ryanair aircraft, including on the inner and outer winglets, front fuselage and rear fuselage, for a 12-month period, for a fraction of the price of a newspaper advert.

Ryanair Launches Aircraft Livery Advertising

Ryanair: AG Slide Show

United Airlines launches weekly service to St. Lucia

United Airlines (Chicago) has launched weekly nonstop service to St. Lucia from its Newark Liberty International Airport hub. The flights, which began on July 13, 2013, operate using Boeing 737-800 aircraft, with 16 United Business seats, 48 United Economy Plus seats and 90 United Economy seats.

United flight UA 1642 departs Newark Liberty (EWR) on Saturdays at 8:55 a.m. (0855), arriving at the Hewanorra International Airport (UVF) in St. Lucia at 1:48 p.m. (1348). The return flight, United UA 1643, departs St. Lucia on Saturdays at 2:38 p.m. (1438), arriving in Newark at 7:33 p.m. (1933). The service provides convenient connections to and from 22 cities in the United States, including Chicago, Boston and Washington, as well as several Canadian cities.

St. Lucia, United’s 17th destination in the Caribbean.

Copyright Photo: Michael B. Ing/AirlinersGallery.com. Boeing 737-824 N77261 (msn 31582) departs from Los Angeles International Airport.

United Airlines: AG Slide Show

Virgin Australia to fly the Mebourne-Hamilton Island route starting on August 15

Virgin Australia Airlines (Brisbane) has announced that from August 15, 2013 it will commence services between Melbourne and Hamilton Island.

The airline will operate its Boeing 737-800 aircraft on the new route with 8 Business Class and 168 Economy Class seats.

The flights will depart Melbourne at 8:30 am (0830) on Tuesdays, Thursdays, Saturdays and Sundays, arriving into Hamilton Island at 11:30 am (1130). The return flight departs Hamilton Island at midday (1200) on Tuesdays, Thursdays, Saturdays and Sundays arriving into Melbourne at 3:00 pm (1500). During off-peak months (between February and June), services will only operate on Tuesdays, Thursdays and Saturdays.

Copyright Photo: Micheil Keegan/AirlinersGallery.com. Boeing 737-8FE WL VH-YIA (msn 37824) prepares to land at Perth.

Virgin Australia: AG Slide Show

Virgin Australia logo

Domestic Route Map:

Virgin Australia 6:2013 Domestic Route Map

Video: Hamilton Island.

Alaska Airlines’ “Spirit of the Islands” logojet is painted and unveiled

Alaska Airlines (Seattle) today (June 3) officially unveiled this colorful “Spirit of the Islands” logojet. The pictured Boeing 737-890 N560AS (msn 35179) is a special salute to the state of Hawaii. The airline issued this statement:

A specially painted Alaska Airlines jet adorned with a Honolulu high school student’s winning design honoring the culture of the Aloha State touched down today in Honolulu before a crowd of students, educators and travelers. The unique paint theme, dubbed the “Spirit of the Islands,” was created by 17-year-old Aaron Nee.

Winning designer Aaron Nee sees N560AS for the first time at Honolulu.

Winning designer Aaron Nee sees N560AS for the first time at Honolulu.

Nee’s design was selected from among more than 2,700 submissions by students across the Hawaiian Islands in a statewide “Paint-the-Plane” contest sponsored by Alaska Airlines, in partnership with the Hawaii State Department of Education and Hawaii Association of Independent Schools. A 10-member judging panel, comprised of Hawaii artists, educators and other local community members, carefully scored and selected the three top designs, which were then voted on by Hawaii residents in an online public vote.

As the grand prize winner, Nee received a trip for four to any of the carrier’s destinations and a $5,000 scholarship.

“This has been an incredible opportunity to share Hawaii’s beauty with people throughout the country,” said Nee. “This contest helped me to sharpen my graphic design skills and demonstrated that with hard work, attention to detail and determination, great things are possible.”

Nee’s winning design displays a voyaging canoe depicting the cultural diversity of the Islands, a bright yellow hibiscus (the state flower), the Hawaiian Island chain and the phrase “Spirit of the Islands.”

The soon-to-be Kaiser High School senior is a nearly straight-A student and a decorated member of the school’s Air Force ROTC program. Known for his artistic ability and interest in graphic design and athletics, Nee said he plans to invest his $5,000 for college and take his family to visit relatives in New York, where he hopes to see snow for the first time.

The “Spirit of the Islands” Boeing 737-800 was revealed to Nee at Honolulu International Airport on June 3, where he was joined by his parents, Robin and Mitch Connell, and father Aaron Garrett Nee, as well as Hawaii Lt. Gov. Shan Tsutsui, Hawaii Tourism Authority President and CEO Mike McCartney, Kaiser High School Principal John Sosa and several of Nee’s teachers. Also joining the welcoming ceremony were the 12 finalists and honorable mention winners, who received prizes and scholarships for their entries, as well.

Izabela Hamilton, a 12th grader at Seabury Hall on the island of Maui, placed second for her design featuring a male and female hula dancer against a backdrop of ocean waves and windswept mountain cliffs. Sophia Cleek, a sixth grader at Kapolei Middle School on Oahu, placed third for her design depicting a voyaging canoe sailing around the Islands. Hamilton and Cleek will each receive a trip for four to any Alaska Airlines destination and a $1,000 scholarship. The 10 other honorable mention winners were awarded a $1,000 scholarship each.

“Spirit of the Islands” trivia

  • The 129-foot-long Boeing 737-800 has a wingspan of 117 feet and a cruising speed of 530 mph.
  • A crew of 18 worked around the clock for 24 days at Aviation Technical Services in Everett, Wash., to paint the plane, which required 26 colors and about 140 gallons of paint, including 20 gallons of primer. In addition, 28,800 yards of masking tape were used.
  • The plane accommodates 157 passengers and six crew members.

The aircraft will fly throughout most of Alaska Airlines’ network, connecting destinations from Hawaii to San Diego and from Anchorage as far south as Mexico.

The “Spirit of the Islands” contest is the third time Alaska Airlines has turned to the public to paint a plane. The Spirit of Alaska Statehood aircraft paint scheme was created by a 16-year-old Sitka student in a similar statewide contest celebrating Alaska’s 50-year anniversary of statehood. In 2011, two soccer fans designed the MLS Portland “Timbers Jet” to celebrate the airline’s jersey sponsorship of the Portland, Ore., soccer team.

Copyright Photo: Royal S. King/AirlinersGallery.com. Please click on the photo for the full-size view.

What does it take to paint an aircraft like this? Here is a previous video on the painting of “Salmon-Thirty-Salmon II“:

Alaska Airlines: AG Slide Show

United to start new service to Guatemala City and San Jose, Costa Rica tomorrow

United Airlines (Chicago) will begin weekly year-round service between its hub at Washington-Dulles International Airport and both Guatemala City, Guatemala, and San Jose, Costa Rica, on April 13.  The airline also will begin weekly year-round service between its Chicago O’Hare hub and San Jose the same day.

All routes will be operated with Boeing 737-800 aircraft with 16 seats in United Business, 48 seats in Economy Plus and 90 seats in United Economy class.  The new flights complement United’s existing service to Guatemala City and San Jose from the airline’s hubs in New York and Houston.

Copyright Photo: Jay Selman. Boeing 737-824 WL N76516 (msn 37096) with the special Eco-Skies/Commitment to the Environment markings arrives at Charlotte.

United Airlines: AG Slide Show

Air Lease Corporation announces the placement of six new Boeing 737-800s with Aerolíneas Argentinas

Air Lease Corporation (Los Angeles) announced a lease agreement with Aerolíneas Argentinas (Buenos Aires) for six new Boeing 737-800 aircraft, each on lease for twelve years. The aircraft are scheduled for delivery between November 2014 and February 2016.

Copyright Photo: Marcelo F. De Biasi. Boeing 737-86J LV-CTC (msn 30570) lands at Aeroparque Jorge Newbery Airport in downtown Buenos Aires.

Aerolineas Argentinas: AG Slide Show