Tag Archives: DHC8402

Flybe to cut six bases and 500 jobs

Flybe (Exeter) will close six bases and eliminate 500 positions despite a recent profit announcement. The bases to be closed are Aberdeen, Guernsey, Inverness, Isle of Man, Jersey and Newcastle.

Read the full report from the BBC: CLICK HERE

Copyright Photo: Keith Burton/AirlinersGallery.com. Bombardier DHC-8-402 (Q400) G-KKEV (msn 4201) completes its final approach into Gatwick Airport near London.

Flybe: AG Slide Show

 

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Alaska Airlines gets ready to expand its ski flights network

Alaska Airlines (Seattle/Tacoma) is starting new nonstop flights between Portland, Oregon and Reno/Tahoe, California on November 8, between Seattle/Tacoma and Steamboat Springs, Colorado on December 18, and between San Diego and Mammoth, California, on December 19. This is addition to the airline’s increase in flights between Los Angeles and Mammoth, starting on December 1, and seasonal service from Seattle/Tacoma and Los Angeles to Sun Valley, Idaho, starting on December 14.

Several of the flights will be operated by Alaska Airlines’ regional partners Horizon Air (Alaska Horizon) (Seattle/Tacoma), using 76-seat Bombardier DHC-8-402s (Q400s), and SkyWest Airlines (Alaska SkyWest) (St. George, Utah), using 70-seat Bombardier CRJ700 regional jets.

Copyright Photo: Bruce Drum/AirlinersGallery.com. Horizon Air’s Bombardier DHC-8-402 (Q400) N417QX (msn 4086) taxies to the runway at the Seattle-Tacoma International Airport hub.

Alaska Airlines: AG Slide Show

Alaska Horizon-Horizon Air: AG Slide Show

Augsburg Airways operates its last flight for Lufthansa

Augsburg Airways (Munich) today (October 26) operated the last Lufthansa Regional flight for Lufthansa. The airline is closing down as a result. Augsburg was the last independent contractor operating for Lufthansa.

The company started operations as Interot Airways in September 1986. It adopted the current name on November 6, 1995.

Top Copyright Photo: Arnd Wolf/AirlinersGallery.com. Bombardier DHC-8-402 (Q400) D-ADHT (msn 4281) in the Lufthansa Regional 2003 livery wears special “Last day” and “bye bye” markings as it approaches Munich on the very last flight for Lufthansa today.

Bottom Copyright Photo: Tony Storck/AirlinersGallery.com. This historic photo captures the very last arrival for Augsburg Airways at the Munich hub.

Augsburg Airways: AG Slide Show

Aegean Airlines receives EC approval to acquire Olympic Air

Aegean Airlines (Athens) today won approval from the European Commission to acquire rival Olympic Air (3rd) (Athens). The company issued this statement:

The European Commission announced today its decision to approve the acquisition of Olympic Air by Aegean.

The rationale of the European Commission decision supports the absolute necessity of economies of scale to achieve viability within the Greek aviation market. The acquisition creates the conditions for the establishment of a sustainable Greek carrier, competitive within the Region and capable of supporting a growth momentum which will benefit Greek Tourism and the local economy.

Following EU approval, the acquisition of the shares of Olympic Air and the assumption of management by Aegean is expected to be completed by October 18, 2013. The total consideration for the transaction has been set at €72 m., of which €20 m. have already been paid. Upon the completion of the acquisition, Olympic Air will become a subsidiary of the listed Aegean, while the process of unification of the support functions will begin immediately. The two brands and logos of the companies will remain with each one retaining distinct aircraft and flight activity.

The Chairman of Aegean Mr. Theodore Vassilakis said:

“As of today our obligation and commitment to serve our passengers and our country become even greater. While growing in size we also have to further improve our services to be more effective in the support of all Greek regions and ensure competitive access even to the smallest Greek island. The economies of scale will allow us to offer more competitive fares on our domestic network, especially for the small islands. At the same time, the synergies will allow us to support an improved growth rate for our international network, both from Athens and the periphery, contributing substantially to the development of Tourism and the Economy “.

The company will host a press conference on October 23, 2013, following the share purchase, to present its customer offering and development plan as well as its 2014 network plans.

AEGEAN
Olympic Air
Total
Fleet (10/2013)  30 15 45
Personnel (10/2013) 1480 610 2090
Passenger traffic ( 2013 estimation in million)  6,50 1,90 8,40
Domestic 2,50 1,65 4,15
International  4,00 0,25 4,25
Turnover (in million € – 2013 estimation) 630 170 800

Top Copyright Photo: Robbie Shaw/AirlinersGallery.com. Aegean’s Airbus A320-232 SX-DVQ (msn 3526) painted in the Star Alliance colors departs from London (Heathrow).

Aegean Airlines: AG Slide Show

Olympic Air (3rd): AG Slide Show

Bottom Copyright Photo: Antony J. Best/AirlinersGallery.com. Olympic Air has been reduced down to mainly a Bombardier DHC-8/Q400 operator. Operated by Flybe, DHC-8-402 (Q400) G-JECV (msn 4148) prepares to land at London (Heathrow).

Luxair orders another Bombardier Q400

Luxair-Luxembourg Airlines (Luxembourg), the national airline of the Grand Duchy of Luxembourg, has placed a firm order for another Bombardier DHC-8-402 (marketed as a Q400) turboprop airliner and has also taken an option for an additional aircraft. The airline currently operates a fleet of six DHC-8-402s.

Copyright Photo: Tony Storck/AirlinersGallery.com. Bombardier DHC-8-402 (Q400) LX-LGA (msn 4159) departs from Berlin (Tegel).

Luxair: AG Slide Show

Alaska Air Group achieves second quarter net income of $104 million

Alaska Air Group, Inc. (Alaska Airlines and Horizon AirAlaska Horizon) (Seattle/Tacoma) today reported second quarter 2013 GAAP net income of $104 million, or $1.47 per diluted share, compared to $68 million, or $0.93 per diluted share in the second quarter of 2012. Excluding the impact of mark-to-market fuel hedge adjustments of $1 million, the company reported adjusted net income of $105 million, or $1.47 per diluted share, compared to adjusted net income of $111 million, or $1.53 per diluted share, in 2012.

“These results represent our 17th consecutive quarter of profitability and the second-best June quarter in our history. I want to thank our employees at Alaska and Horizon who are continuing to work hard to keep us safe and reliable, provide a great experience for our customers, and produce results that make Alaska a great place to invest,” CEO Brad Tilden said. “Although our quarterly results were down slightly, our financial performance continues to be very strong. This is why we were very pleased to recently announce the initiation of a quarterly dividend which, combined with our share repurchases, will be a key component of our capital deployment program.”

The following table reconciles the company’s reported GAAP net income and earnings per diluted share (EPS) during the second quarters of 2013 and 2012 to adjusted amounts:

Three Months Ended June 30,
2013 2012
(in millions, except per-share amounts) Dollars Diluted EPS Dollars Diluted EPS
Reported GAAP net income $ 104 $ 1.47 $ 68 $ 0.93
Mark-to-market fuel hedge adjustments, net of tax 1 43 0.60
Non-GAAP adjusted income and per-share amounts $ 105 $ 1.47 $ 111 $ 1.53

Top Copyright Photo: Brian McDonough/AirlinersGallery.com. Banking on its final approach, Alaska Airlines’ Boeing 737-890 N514AS (msn 35193) prepares to straighten up for landing at Washington (Reagan National).

Alaska Airlines: AG Slide Show

Horizon Air: AG Slide Show

Alaska Horizon: AG Slide Show

Bottom Copyright Photo: Bruce Drum/AirlinersGallery.com. Horizon Air’s (Alaska Horizon) Bombardier DHC-8-402 (Q400) N436QX (msn 4236) exits the runway at Seattle-Tacoma International Airport.

Luxair to fly to Dublin again next summer, Luxair Group loses $13.7 million in 2012

Luxair-Luxembourg Airlines (Luxembourg) has announced it will resume service to Dublin on March 30, 2014 with four weekly frequencies. The restored route will operate during the summer season with Bombardier DHC-8-402 (Q400) aircraft.

According to the flag carrier, “This decision is part of the new Luxair strategy to serve its customers better, not only with a more attractive fare structure but also by developing its European network according to the demand of both business and leisure travellers. This follows the opening of the new Luxembourg-Copenhagen route as of June 3, already coming up with a very good load factor. This also is in accordance with the enhancing of the London City route (a fifth daily flight is being operated since April 8) and the Milan Malpensa connection (a third daily flight is being operated since September 2012).

A losing year in 2012. Previously the Luxair Group issued its financial statement for 2012:

The aviation sector remains very sensitive to the vagaries of the economy, with increased exposure with regard to traditional regional air transport in Europe. Luxair Luxembourg Airlines’ operating result thus logically experienced a further downturn in 2012, while the tour operator Luxair Tours only just managed to struggle through in a highly competitive environment. As for the freight handling business, the interaction between the state of the economy and goods transport unsurprisingly resulted in a decline in volumes handled by Luxair CARGO. 2012 was therefore a difficult year for Luxair Group and resulted in a loss of 10.5 million EUR ($13.7 million).

Luxair Group

Luxair Luxembourg Airlines’ losses, the deterioration in the profitability of Luxair Tours and Luxair CARGO’s deficit pushed the operating loss to over 18 million EUR in 2012 against only 2 million EUR in 2011. Group revenue increased from 428.6 million EUR in 2011 to 446.7 million EUR in 2012. The net result for the year came out at a loss of 10.5 million EUR in 2012 against a profit of 3.6 million EUR in 2011.

Consolidated results

Luxair S.A. has a 43.4% stake in Cargolux. In 2012, Cargolux has suffered again from weak economic conditions. The handled volumes have decreased by 2% to 645,800 tons. An after-tax loss of $35 million had a negative impact on the financial year (loss of $18 million in 2011), equally affected by a fall of 7.6% in turnover.

By including the subsidiaries, including Cargolux by 43.4%, the consolidated net result of Luxair Group comes
to a loss of 21.2 million EUR in 2012 compared to a gain of 1.4 million EUR in 2011.

Luxair Luxembourg Airlines

2012 was marked by increased competition on Luxair Luxembourg Airlines’ domestic routes, particularly with regard to flights to and from Munich, Geneva, London and Hamburg, as well as connecting traffic via the hubs served by competitors. The rise in the price of oil, + 10% compared with 2011, is another factor which weighed heavily on Luxair’s financial performance.
On a like-for-like basis, Luxair recorded a 7% rise in passengers, which enabled passenger numbers to stabilize despite lower capacity due to a reduction in the number of flights.

Top Copyright Photo: Ole Simon/AirlinersGallery.com. Bombardier DHC-8-402 (Q400) LX-LGA (msn 4159) climbs gracefully from Frankfurt bound for LUX.

Luxair: AG Slide Show

Bottom Copyright Photos: Luxair. The airline invited local children to visit this Boeing 737-800 at the local Luxembourg base. The airline has also added promotional Disney Planes logos to this Boeing 737-8C9 LX-LGU (msn 41047).

Luxair-Luxembourg Airlines 737-800 WL LX-LGU (07-Disney Planes)(Logo) LUX (Luxair)(LRW)

Luxair-Luxembourg Airlines 737-800 WL LX-LGU (07-Disney Planes)(Lion Pilot) LUX (Luxair)(LRW)

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