Air France-KLM (Air France) (KLM Royal Dutch Airlines) (Paris)ย lost โฌ630 million ($826.3 million) in the first quarter, compared to a smaller loss of โฌ379 million ($497.1 million) in the same quarter a year ago.
Read the full report: CLICK HERE
Top Copyright Photo: Ole Simon.ย Air France Airbus A380-861 F-HPJE (msn 052) taxies at the Paris (CDG) hub.
Air France:ย 
KLM:ย
Bottom Copyright Photo: Ton Jochems.ย Airbus A330-203 PH-AOM (msn 1161) taxies at the Amsterdam base.
Aegean Airlines (Athens) reduced its annual net loss for 2012 down to $13.4 million, down from a $34.8 million net loss in 2011.
The airline issued this financial statement:
Aegean reports 2012 revenue of โฌ653.4m, 2% lower compared to 2011. ฮet result after tax improved to a loss of โฌ10.5 million compared to a loss of โฌ27.2 million in 2011.
Passengers carried totaled 6.1 million compared to 6.5 million in 2011, with load factor improving from 69% to 74%. The number of passengers carried on domestic routes declined significantly by 12% with average fare falling by more than 10%, declining for the fourth consecutive year. International traffic reached 3.5m passengers with traffic from/to Athens declining by 6% whilst from/to other regional airports increased by 10%.
Despite weak local demand, the company managed to improve its operating result reporting marginally positive EBITDA of โฌ2.9 million, given improved performance in international routes with incoming leisure focus, cost management efforts and also more stable conditions in the country during the second half of the year.
The Companyโs cash position stood at โฌ149 million at the end of December 2012.
Mr. Dimitris Gerogiannis, Managing Director, commented:
โOur efforts on improving our efficiency and cost structure are ongoing within an environment of declining domestic demand. In 2012 after a difficult start due to lack of visibility about the course of our country in 1H12, we have managed to limit our losses and defend our revenue relative to 2011. The gradual recovery of incoming leisure traffic as of July, as well as our cost management efforts have contributed to the improvement of our results. We need the economies of scale from the acquisition of Olympic Air, which we can only yield post the pending approval from the European Commission, in order to achieve profitable growth. Our best European regional airline award strengthens our efforts and resolve. We continue to invest in strengthening Greek tourism and increasing our international activity by utilizing the capacity which by necessity is released domestically due to declining demand.โ
ย
Aegean Airlines 2012 results
ย
| Inย โฌย 000 | 2011 | 2012 | % |
| Revenue | 668.218 | 653.388 | -2% |
| EBITDAR* | 61.779 | 73.394 | 19% |
| EBITDA | (17.688) | 2.944 | |
| Profit / (Loss) before tax | (31.153) | (12.618) | -59% |
| Profit / (Loss) after tax | (27.176) | (10.496) | -61% |
*EBITDAR: Earnings before interest, tax, depreciation & amortization and lease costs
| Passengers (million) | 2011 | 2012 | % |
| Domestic | 2,96 | 2,60 | -12% |
| Internationalย from/to Athens | 2,2 | 2,1 | –6% |
| Internationalย from/to rest of country | 1,3 | 1,4 | +10% |
| International | 3,5 | 3,5 | 0% |
| Total | 6,5 | 6,1 | -6% |
| Load Factor (RPK/ASK) | 68,9% | 74,3% | 5,4pp |
Copyright Photo: Ole Simon.ย Airbus A321-232 SX-DVP (msn 3527) taxies at Paris (CDG).
Aegean Airlines:ย
Continental Airlines (Houston) was cleared yesterday (November 29) of anyย criminal responsibility in a French court for the Concorde crash in Paris in 2000 that killed 113 people. The ruling absolves a Continental mechanic of involuntary manslaughter according to this report by Reuters. The mechanic had fashioned a non-standard titaniumย strip that fell off a Continental McDonnell Douglas DC-10 aircraft that fell onto the runway just before the Air France (Paris) Concorde attempted its ill-fated takeoff. Air France flight AFย 4590ย was scheduled to fly fromย Charles de Gaulle International Airportย near Paris, toย Johnย F. Kennedy International Airportย in New York City on July 25, 2000. Aerospatiale-BAC Concorde 101 F-BTSC (msn 203) crashed into a hotel inย Gonesse, France. All 100 passengers and the nine crew members on board died in the fiery crash.
Today Continental Airlines is now part of United Continental Holdings.
Read the full article: CLICK HERE
Top Copyright Photo: Christian Volpati. Concorde 100 F-BTSC (msn 203) is pictured at Paris (CDG) in March 1976 in the original 1959 delivery color scheme. The airliner was originally leased by Air France from Aerospatiale on January 1, 1976 as the earlier model of the type. It was converted to a Concorde 101 in June 1980.
Air France:ย 
Continental Airlines:ย
Air Arabia Maroc (airarabia.com) (Casablanca) has announced that it will start a new route connecting Marrakech to Europe.
The new weekly flight between Marrakech and Bergamo Airport (near Mlan) will start on October 28. The new route will operate on Sundays, departing Marrakech International Airport at 13:25 and arriving in Bergamo at 17:55. The return flight departs Bergamo at 10:15 and arrives in Marrakech International Airport at 12:45. All times are local.
Copyright Photo: Christian Volpati. Airbus A320-214 CN-NMA (msn 3809) stops at Paris (CDG).
Routes from Casablanca:
Paris (CDG) is experiencing cancellations due to problems connected with a shortage of antifreeze. CDG cut flights by 50 percent through 1 p.m. (1300) today because of a shortage of antifreeze and forecasts for more cold weather according to this report by Bloomberg.ย Brussels (BRU) was also dealing with antifreeze shortages.
Read the full report:
Aer Arann ATR 72-201 EI-REH (msn 260) CDG (Christian Volpati), originally uploaded by Airliners Gallery.
Aer Arann’s (Dublin) examinership (bankruptcy protection) has been extended by the High Court in Ireland pending the finalization of a prospective takeover and investment deal.
Click on the photo for additional details.
Copyright Photo: Christian Volpati.
Air France Airbus A380-861 F-HPJC (msn 043) CDG (Christian Volpati), originally uploaded by Airliners Gallery.
Air France (Paris) is facing a 24-hour strike on October 12. Unions at the company are planning to join a national strike in protest of President Nicolas Sarkozy’s plans to raise the minimum retirement age.
Read the full report from Reuters:
Copyright Photo: Christian Volpati. Airbus A380-861 F-HPJC (msn 043) prepares to depart from Paris (CDG).
Estonian Air Boeing 737-5L9 ES-ABI (msn 29234) CDG (Christian Volpati), originally uploaded by Airliners Gallery.
SAS Group (Stockholm) has reached an agreement with the Estonian Government that will result in SAS divesting its 49% stake in Estonian Air (Tallinn). The Estonian Government will provide approximately MSEK 200 in a new rights issue and SAS will convert approximately MSEK 20 in loans into equity. After the rights issue the Estonian State will hold 90% and SAS 10% of Estonian Air. SAS will remain lender of approximately MSEK 70 in loans with a maturity in 2014.
Estonian Air has an option to buy SAS remaining stake and SAS has the option to sell its stake at Fair Market Value after 4 years. The transaction is conditional upon parliamentary approval in Estonia. The transaction is neutral to profit and liquidity of the SAS Group.
SAS will continue its commercial cooperation with Estonian Air.
Copyright Photo: Christian Volpati. Estonian Air’s smart-looking Boeing 737-5L9 ES-ABI (msn 29234) taxies across the ramp at Paris (CDG).
Blue Line (France) McDonnell Douglas DC-9-83 (MD-83) F-GMLU (msn 49398) CDG (Christian Volpati) (to be shut down on October 6, 2010), originally uploaded by Airliners Gallery.
Blue Line (Paris-CDG) has been declared insolvent (bankrupt) and will operate only until October 6 when it will be shut down.
Please click for the full story (in French):
Copyright Photo: Christian Volpati. McDonnell Douglas DC-9-83 F-GMLU (msn 49398) in the black fuselage scheme of the former FIFA World Cup Tour livery.
Afriqiyah Airways Airbus A330-202 5A-ONG (msn 1024) CDG (Christian Volpati) (crashed May 12, 2010), originally uploaded by Airliners Gallery.
Afriqiyah Airways’ (Tripoli) May 12 crash was not caused by a technical problem according to the preliminary report.
Read the full report from the BBC:
Copyright Photo: Christian Volpati. Airbus A330-202 5A-ONG (msn 1024) is pictured at Paris (CDG) before the tragic accident.
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