Airlines Third-Quarter Earnings ForecastsOctober 8th, 2009 Airlines Third-Quarter Earnings ForecastsHere are the consensus forecasts of analysts for third-quarter earnings or loss per share and revenue for the nation's nine largest airline companies, according to Thomson Reuters as of Thursday morning. Figures from third quarter of 2008 are in parentheses.
A look at predicted airline losses around the worldSeptember 15th, 2009 A look at expected airline losses around the worldThe International Air Transport Association predicted on Tuesday that the industry will lose $11 billion this year. But the picture is varied in different parts of the world:
— North American carriers are expected to lose $2.6 billion.
The Transportation Department's on-time arrival ranking for US airlinesSeptember 8th, 2009 DOT releases airline delay list for AugustThe percentage of airline flights in August that arrived within 15 minutes of schedule, according to the U.S. Transportation Department:
1.
50 carriers globally lose $6 bn in first halfSeptember 1st, 2009 GENEVA - Over 50 global carriers lost $6 billion (Rs.30,000 crore) in January-June this year, according to the sector's representative body International Air Transport Association. In a statement Tuesday, IATA also said the losses stood at $2.02 billion (Rs.10,000 crore) in the second quarter this year (April-June) and forecast cumulative losses of $9 billion (Rs.45,000) for the year.
Airlines group says global industry lost over $6 billion in first half, some signs of recoverySeptember 1st, 2009 Airline industry lost over $6 billion in 1st halfGENEVA — Airline companies lost more than $6 billion during the first half of the year due to the economic crisis, even as fresh figures showed some signs of recovery in the passenger and freight business, an industry group said Tuesday. A sample of more than 50 airlines found their losses declined to $2 billion in the second quarter from $4 billion in the first quarter, the International Air Transport Association said, noting that the April-June period is usually a strong one for the industry.
Private airlines call off move to suspend services Aug 18August 2nd, 2009 NEW DELHI - India's private airlines Sunday called off their proposal to suspend domestic operations Aug 18 in view of widespread public protest and a stern warning from the government. The Federation of Indian Airlines (FIA), a representative body of the carriers, had earlier said the private airlines would not fly Aug 18 if the government failed to announce a bailout package to help tide over the ongoing crisis which they claim has escalated their collective losses to over $2 billion.
Air China forecasts 50 percent first-half profit rise, rebounding from 2008 lossJuly 15th, 2009 Air China forecasts 50 percent profit riseBEIJING — Air China Ltd., one of China's three major state-owned carriers, said Wednesday it expects first-half profits to rise at least 50 percent from a year earlier as it recovers from a huge 2008 loss. The Beijing-based airline said its first-half 2008 profit was 1.3 billion yuan under Chinese accounting standards, which would make its profit from January to June this year at least 1.9 billion yuan ($284 million).
World airlines seen losing $9 billion in 2009, double previous forecast, IATA saysJune 8th, 2009 World airlines seen losing $9 billion this yearKUALA LUMPUR, Malaysia — The world's airlines will collectively lose $9 billion this year — nearly double the previous projections — and face a slow recovery as the economic crisis saps air travel and cargo demand, an industry body warned Monday. The International Air Transport Association, which represents 230 airlines worldwide, increased its loss estimate from the $4.7 billion it forecast in March, reflecting a "rapidly deteriorating revenue environment."
Although there has been growing signs of a bottoming out of the recession, IATA said the industry was severely hit in the first quarter with 50 major airlines reporting losses of more than $3 billion.
Airline chiefs meet amid worsening global aviation crisisJune 8th, 2009 KUALA LUMPUR - Airline chiefs gathered in Malaysia Monday for an international aviation meeting to focus on strategies to fight off a deepening crisis in global air travel. More than 500 aviation industry leaders will be attending the two-day International Air Transport Association (IATA) annual meeting in the capital, Kuala Lumpur.
IATA calls for more open skies as it sees airlines losing more than $4.7 billion this yearJune 4th, 2009 IATA: Airline 2009 losses to exceed $4.7 billionKUALA LUMPUR, Malaysia — The International Air Transport Association called for more liberalization to bolster the global airline industry, which is expected to lose more than $4.7 billion this year because of falling cargo and passenger traffic. IATA Director-General Giovanni Bisignani said airlines are facing an "emergency situation" and should be given greater commercial freedom to serve global markets and consolidate.
Japan Airlines posts $649 million annual loss, forecasts more red ink as travel slumpsMay 12th, 2009 Japan Airlines posts $649 million annual lossTOKYO — Japan Airlines Corp. careened deep into the red last fiscal year and forecast another annual loss even as it slashes costs this year by half a billion dollars.
China Eastern Airlines says 1Q net profit down 81 percentApril 28th, 2009 China Eastern Airlines: 1Q net profit down 81 pctSHANGHAI — China Eastern Airlines said Tuesday that its net profit fell 81 percent in the first quarter from the same period a year earlier as passenger traffic fell amid the economic slowdown. The 40.1 million yuan ($5.9 million) net profit in January-March compared with 210.8 million yuan earnings in the first quarter of 2008.
Asia-Pacific airlines post deeper-than-expected losses of $4.3 billion in 2008April 28th, 2009 Asia-Pacific airlines post $4.3 bln losses in 2008KUALA LUMPUR, Malaysia — Asia-Pacific airlines suffered deeper-than-expected losses of $4.3 billion last year due to sharply higher fuel costs and dwindling demand amid the global economic slump, an industry group said Tuesday. The Kuala Lumpur-based Association of Asia Pacific Airlines said combined revenue for its 17 members rose 6 percent in 2008 to $103 billion, but failed to keep pace with higher fuel costs.
China Southern Airlines says 1Q profit down 71 percent as travel demand weakensApril 28th, 2009 China Southern Airlines 1Q profit down 71 percentBEIJING — China Southern Airlines Ltd., one of China's three major state-owned carriers, said Tuesday its profit fell 71 percent in the first quarter from a year earlier amid a slump in traffic. Profit for the three months ending March 31 was 222 million yuan ($32.4 million) or 0.03 yuan per share, the carrier said.
Apparel sector to lose million jobs by MarchJanuary 6th, 2009 NEW DELHI - The apparel sector will lose about one million (10 lakh) jobs by March because of slackening demand in the US and Europe and increasing input costs, the apex body of the garment export sector said Wednesday. 'Nearly five lakh jobs have been already lost since July 2008 because of the global recession and the sector will lose another five lakh jobs by March 2009,' Rakesh Vaid, chairman of the Apparel Export Promotion Council (AEPC), told reporters.
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