PAX Reveals 2020 Readership Awards Winners
Total Page:16
File Type:pdf, Size:1020Kb
Load more
Recommended publications
-
Investment Corporation of Dubai and Its Subsidiaries
Investment Corporation of Dubai and its subsidiaries CONSOLIDATED FINANCIAL STATEMENTS 31 DECEMBER 2013 Investment Corporation of Dubai and its subsidiaries CONSOLIDATED INCOME STATEMENT Year ended 31 December 2013 2013 2012 Notes AED’000 AED’000 *(Restated) Continuing operations Revenues 39 178,262,800 150,990,148 Cost of revenues (145,651,253) (123,141,479) ————— ————— 32,611,547 27,848,669 Other income 3 5,169,751 4,459,073 Net gain from derivative instruments 48,345 181,176 General, administrative and other expenses (15,889,389) (13,881,252) Net impairment losses on financial assets 4 (4,984,691) (3,801,175) Other finance income 5 764,400 904,739 Other finance costs 6 (3,520,715) (2,496,589) Share of results of associates and joint ventures 15 2,497,841 2,620,836 ————— ————— PROFIT FOR THE YEAR BEFORE INCOME TAX FROM CONTINUING OPERATIONS 16,697,089 15,835,477 Income tax expense 7 (895,563) (984,833) ————— ————— PROFIT FOR THE YEAR FROM CONTINUING OPERATIONS 15,801,526 14,850,644 Discontinued operations Profit for the year / period from discontinued operations 23 (a) and 23 (c) 1,790,945 1,618,989 ————— ————— PROFIT FOR THE YEAR 8 17,592,471 16,469,633 ═══════ ═══════ Attributable to: The equity holder of ICD 14,591,403 13,973,267 Non-controlling interests 3,001,068 2,496,366 ————— ————— 17,592,471 16,469,633 ═══════ ═══════ * Certain comparatives as disclosed in note 2.3 have been restated due to the adoption of IFRS 10 by the Group. The attached notes 1 to 42 form part of these consolidated financial statements. -
Onboard Retail LSG Sky Chefs – Catering And
LETTER FROM THE EXECUTIVE BOARD AN INDUSTRY-LEADING NETWORK THE LSG GROUP - POSITIONING04 A GLANCE AT THE OPERATIONS 30 MARKET ENVIRONMENT06 CULINARY EXCELLENCE 32 PRODUCT PORTFOLIO08 ENVIRONMENTAL MANAGEMENT 34 STRATEGIC TRANSFORMATION10 PROVEN EXCELLENCE 38 COURSE OF BUSINESS18 OUTLOOK 40 FINANCIAL PERFORMANCE20 CONSOLIDATED INCOME STATEMENT 42 WORLDWIDE PRESENCE24 44KEY FIGURES 25 45 We look forward LETTER FROM THE EXECUTIVE BOARD to exploring with Dear reader, Once again, we gratefully look back at another year of growth Significant steps have been taken in the transformation of the for our industry. Despite looming turbulence over the world‘s LSG Group. Today, we are able to offer a complete portfolio of you. economy, developments in our key areas of activities – air and products and services for a variety of industries. In the backend, rail travel, as well as convenience retail – were positive around we are changing our operational landscape to become even more the globe. This has certainly laid a solid foundation for the flexible through a market-oriented mix of production modules continued good performance achieved by our company. and tailored logistics. And, most importantly, the processes throughout our value chain are progressively growing in The relative stability of our environment has allowed us to focus consistency, leading to higher efficiency. on the improvement of our processes in terms of standardization, sharing of best practices and learning from each other. Thus, Moving forward, we will concentrate on taking advantage of in addition to a satisfying financial result, we have also attained the multiple opportunities offered by digitalization in creating a remarkable operational standard underlined by quality and new products and applications, facilitating our workflows and sustainability. -
IT TAKES a WORLD the EMIRATES GROUP ANNUAL REPORT 2012-13 HIS HIGHNESS SHEIKH MOHAMMED the United Arab Emirates Attaches Great and Patriotic Spirit
IT TAKES A WORLD THE EMIRATES GROUP ANNUAL REPORT 2012-13 HIS HIGHNESS SHEIKH MOHAMMED The United Arab Emirates attaches great and patriotic spirit. Such achievements importance to the travel and tourism sector. allow us to aspire to higher standards of BIN RASHID AL MAKTOUM It is an integral part of implementing the development and retain a positive outlook VICE PRESIDENT AND PRIME MINISTER country’s strategy for building a sound in order to sustain our on-going growth. and sustainable economy. The industry, OF THE UAE AND RULER OF DUBAI in the UAE, has been built with a solid Since its inception, the Emirates Group foundation focusing on high standards and has played a vital role in turning this class-leading excellence, resulting in the country into a prominent international country’s world-class reputation both on a aviation hub, connecting east with west regional and international level. and north with south. The Group’s strong presence in more than 70 countries and This vital sector does not only shape its multinational cabin crew cement the the country’s economy but also UAE’s position as a dynamic nation, contributes significantly to its cultural linking people all around the globe. The and social fabric. Additionally, it Group also succeeded in maintaining provides boundless opportunities in a strategic perspective that allows new markets and strengthens our healthy competition, respects policies trade links with the world as well as of free trade and balances between broadening our cultural understanding. its plans for expansion, need for profitability and sustainability. Hence, Our leading national corporations the Emirates Group sets an ideal model continue to achieve robust results, as a corporation that continues to exemplifying the country’s vision and aspire to higher and better standards of giving all citizens a source of pride innovation and originality. -
Everything but Fly the Planes Our Company
Everything but fly the planes Our services on the ground keep the world in the air. In 1959, dnata began ground-handling operations with just five staff members. Today, we‟re the world‟s fourth largest combined air services provider with over 20,000 employees across five continents. We provide everything an airline needs beyond its planes, pilots and crews. Our Company - dnata In 1959, dnata was a small ground-handling operation with just five staff members. Today, we‟re one of the largest combined air services providers in the world with over 20,000 employees across the globe. Our vision for the future is to be the most admired - admired for our excellent customer service, our dedication to safety, and our imagination in developing innovative products. Today, our business can be found in 38 countries offering customers our expertise in ground handling, cargo, travel, and flight catering. Our Businesses The dnata group covers just about every aspect of the travel and aviation industry. We don‟t just deliver your baggage or the holiday of a lifetime – we help keep the promises you make to your family, clients and business partners. Ground handling Cargo Travel Flight Catering Careers at dnata India Are you keen to work for an organisation that aims to provide quality products and services to its customer? dnata may be the place for you. As a Group we are successful because we hire, engage and retain talented employees from around the world who match the „people‟ capabilities we need. However, equally important is that these talented employees have their own priorities and career aspirations met as individuals. -
Valuation Of
Valuation of and the Changing Market Environment Following the Insolvency of Airberlin Program: MSc Applied Economics and Finance Authors: Karen Patricia Steffe (Student number: 106981) Maria Frederiksen (Student number: 57417) Supervisor: Bo Danø Date of submission: 15th of May, 2018 Master Thesis Copenhagen Business School 2018 Number of pages: 114 Executive Summary This master thesis is a valuation of Lufthansa Group as of December 31st, 2017 in light of the changing market environment driven by the insolvency of airberlin Group. Objective The airline industry is at constant change § The objective of this Some structural challenges increasingly define the business master thesis is to environment for Lufthansa with large implications on the corporate evaluate the share price of Lufthansa Group within agenda. Since the liberalization of the EU flight market, competition its current market position significantly increased. The entry of Low Cost Carriers as well as and to give an outlook on ongoing consolidation in the sector puts high pressure on ticket industry changes prices, while costs are driven by fuel expenses as well as following the insolvency employees’ salaries and wages. of airberlin. Insolvency of airberlin strengthens Lufthansa’s market position Lufthansa at a Glance Through the insolvency of airberlin, Lufthansa’s market share on § Founded in 1926, intra-German flights increased from 69% to 87%, making it the Lufthansa Group is based dominant player in this country. It also helped Lufthansa to report a in Germany and is record high net income in 2017 and made the share price increase currently the largest by almost 150% during that year. -
Deutsche Lufthansa Aktiengesellschaft in Respect of Non-Equity Securities Within the Meaning of Art
Base Prospectus 17 November 2020 This document constitutes the base prospectus of Deutsche Lufthansa Aktiengesellschaft in respect of non-equity securities within the meaning of Art. 2 (c) of Regulation (EU) 2017/1129 of the European Parliament and of the Council of June 14, 2017 (the “Prospectus Regulation”) for the purposes of Article 8(1) of the Prospectus Regulation (the “Base Prospectus”). Deutsche Lufthansa Aktiengesellschaft (Cologne, Federal Republic of Germany) as Issuer EUR 4,000,000,000 Debt Issuance Programme (the “Programme”) In relation to notes issued under this Programme, application has been made to the Commission de Surveillance du Secteur Financier (the “CSSF”) of the Grand Duchy of Luxembourg (“Luxembourg”) in its capacity as competent authority under the Luxembourg act relating to prospectuses for securities dated 16 July 2019 (Loi du 16 juillet 2019 relative aux prospectus pour valeurs mobilières et portant mise en oeuvre du règlement (UE) 2017/1129, the “Luxembourg Law”) for approval of this Base Prospectus. The CSSF only approves this Base Prospectus as meeting the standards of completeness, comprehensibility and consistency imposed by the Prospectus Regulation. Such approval should not be considered as an endorsement of the economic or financial opportunity of the operation or the quality and solvency of the Issuer or of the quality of the Notes that are the subject of this Base Prospectus. Investors should make their own assessment as to the suitability of investing in the Notes. By approving this Base Prospectus, the CSSF does not assume any responsibility as to the economic and financial soundness of any issue of Notes under the Programme and the quality or solvency of the Issuer. -
Titel Zur Ansicht RZ.Indd
Issue 2013 Balance Key data on sustainability within the Lufthansa Group www.lufthansagroup.com/responsibility You will fi nd further information on sustainability within the Lufthansa Group at: www.lufthansagroup.com/responsibility Order your copy of our Annual Report 2012 at: www.lufthansagroup.com/investor-relations 1 Source: Lufthansa Annual Report 2012 2 For the reporting year 2012 the following companies are included: Lufthansa (including Lufthansa CityLine, Air Dolomiti, Eurowings, Contact Air, Augsburg Airways), Lufthansa Cargo, Germanwings, SWISS (including Edelweiss Air) and Austrian Airlines. Excluding the services of third parties as the company can infl u- ence neither performance nor the equipment operated (see also table “Share of third parties” on page 70). 3 Types of fl ights taken into account: all scheduled and charter fl ights. 4 See also table “Fuel consumption” on page 70. 5 Companies referred to as in 2, but including the services of third parties, as these contribute to the Group’s results. Types of fl ights as in 3, but including ferry fl ights, as these represent costs. 6 Balance: segments (operational perspective); Annual Report: distance (customer perspective); one distance can include several segments, e.g. in the event of stops en route. 7 Balance: on the basis of all passengers aboard; Annual Report: on the basis of all revenue passengers. At a glance Business performance data1 2012 2011 Change Revenue million € 30,135 28,734 + 4.9 % of which traffic revenue million € 24,793 23,779 + 4.3 % Operating result million -
LSG Group Labor Dispute Escalating in Key US Market
1 October 2019 Michael Hachey Deputy Director, Research (703) 344-4778 UNITEHERE! [email protected] LSG Group labor dispute escalating in key US market Summary As Deutsche Lufthansa AG (DLAKF) is negotiating a partial or complete sale of LSG group, labor troubles in its airline catering business segment are mounting in the key US market. • LSG Sky Chefs and North American labor union UNITE HERE are far apart on economic issues in ongoing contract negotiations covering all US employees • Tightness in the US labor market and political pressure could drive wages and benefits costs higher • US employees of LSG Sky Chefs voted to authorize strikes and petitioned for release from federal mediation which, if granted, would enable them to strike • North America is LSG Sky Chefs’ largest market, accounting for 53% of external catering revenue in first half-year of 2019 Labor and Management are Far Apart in Ongoing US Labor Negotiations The Master National Agreement with North American labor union UNITE HERE, which covers all of LSG Sky Chefs’ 11,162 employees in the US, is currently amendable. UNITE HERE proposed a $15/hour minimum wage floor, higher annual raises for all employees, and increased spending on health benefits, which Sky Chefs rejected. Currently, hourly wages range from $8.40 - $28.50 with 57% of employees earning less than $15. Workers pay expensive premiums for health insurance, at a cost of over $500/month for family coverage. As of 2018, only 34% of LSG Sky Chefs’ US employees had any employer-provided health insurance coverage and only 9% had coverage for a family member or child. -
Retail Inmotion Expands Agreement with Sunexpress Germany
Retail inMotion expands agreement with SunExpress Germany By Rick Lundstrom on December, 19 2017 | Partnerships, Collaborations & Acquisitions Retail inMotion, the onboard retail specialist of the LSG Group, has extended its existing contract with SunExpress Germany, one of the largest scheduled and charter airline carriers between Europe and Turkey. The new contract is valid for three years and covers full onboard retail management for the airline. Retail inMotion is responsible for designing and managing the airline’s onboard retail program, including category management and the implementation of Vector, their proprietary onboard retail software. The SunExpress onboard retail program consists of around 30 food and beverage items and nearly 70 boutique and duty free articles, which are offered to passengers on board. “The LSG Group is proud to continue the partnership with SunExpress Germany for three more years. We will not only provide our industry leading Retail inMotion technology and take care of the last mile, but Retail inMotion will also further manage the onboard retail program of SunExpress. This is a great sign of trust in our capabilities”, said Lars Redeligx, Chief Commercial Officer Europe at LSG Group. During the airline’s winter schedule, Retail inMotion manages the service of approximately 150 flights per week, which increases to nearly 330 flights per week during the summer schedule. “We are very happy that we could extend our partnership with Retail inMotion as we very much appreciate the flexibility, support and operational reliability of the team,” added Jens Bischof, Managing Director SunExpress. 1 Copyright DutyFree Magazine. All rights reserved. Retail inMotion has been partnering with SunExpress since the airline introduced its onboard retail program in 2014. -
LSG GROUP 2014 ENVIRONMENTAL REPORT PART 1 Company Information
THINKING GREEN LSG GROUP 2014 ENVIRONMENTAL REPORT PART 1 Company Information THE LSG GROUP is the world’s largest provider of in-flight services – COMPANY catering, onboard retail, in-flight equipment and logistics, consulting and lounge services. INFORMATION The company’s extensive culinary excellence and logistics know-how has enabled it to move successfully into adjacent markets, such as train services and retail. LSG Sky Chefs delivers 578 million meals a year, mainly for over 300 airlines at 214 airports in 51 countries. For more information, please visit our website at www.lsgskychefs.com. 2 THINKING GREEN – LSG Group Environmental Report 2014 | 3 PART 2 Environmental Management System ENVIRONMENTAL A SYSTEMATIC APPROACH FOR CONTINUOUS IMPROVEMENT Over the past 20 years, LSG Sky Chefs has developed what is today MANAGEMENT considered the in-flight service industry’s most structured and expansive approach to Environmental Care. SYSTEM This approach permeates everything we do to ensure wide-scale environmental awareness and continuous improvement throughout our worldwide organization, and is designed to meet customers‘ and shareholders‘ environmental expectations. 4 THINKING GREEN – LSG Group Environmental Report 2014 | 5 PART 2 Environmental Management System SYSTEMATIC APPROACH THE LSG GROUP’S APPROACH TO ENVIRONMENTAL RESPONSIBILITY Our whole Environmental Management System is based on the 1 2 Plan-Do-Check-Act principles of ISO 14001. PLAN DO At LSG Group, the Plan-Do-Check-Act cycle lasts three years, after which it is evaluated and adjusted to meet any changing requirements. 4 3 ACT CHECK 6 THINKING GREEN – LSG Group Environmental Report 2014 | 7 PART 2 Environmental Management System OUR POLICY IS THE BASIS OF OUR ENVIRONMENTAL ACTIVITIES ENVIRONMENTAL and contains the mission, guidelines and key elements of our Environmental Management System. -
Annual Report 2019 3
ANNUAL REPORT 2019 3 ANNUAL REPORT 2019 04 Message from our Chairman 06 CEO Report 10 Core Brands 14 Year in Review 16 Awards 18 Culinary Revolution 24 Data Revolution 28 Green Revolution 36 Operational Excellence 40 Corporate Responsibility 44 Talent @gate 46 Facts & Figures 48 Executive Management Board 50 Board of Directors 52 Financial Report 4 GATEGROUP ANNUAL REPORT 2019 MESSAGE FROM OUR CHAIRMAN 5 Dear stakeholders of gategroup, RICHARD I am pleased to address you for the � rst time as Chairman of ONG the Board, in addition to representing RRJ Capital as co-owner of gategroup together with Temasek. CHAIRMAN OF THE BOARD As strategic investors, we seek to participate in companies like gategroup who are transforming their industries. With the introduction of their successful Gateway 2020 strategy in 2015, gategroup has proven its successful vision of pushing the boundaries of focused growth and commercial innovation. They have done so by driving an exceptional culinary excellence, leveraging data analytics to better understand passenger behaviors and introducing sustainable equipment solutions and best practices in their operations and for their customers. Under the guidance of its strong management team, gategroup has steadily become the most diversified and innovative company in the industry. Their planned acquisition of LSG Europe this year is yet another exciting milestone for the company. Having been selected by Lufthansa as their long-term partner provides gategroup the opportunity to further accelerate the transformation of the industry. The start to 2020 was extraordinary given COVID-19 (Coronavirus) which impacts the global economy and aviation industry speci� cally. -
Creating a Competitive Advantage in the Global Flight Catering Supply Chain: a Case Study Using SCOR Model
University of Wollongong Research Online University of Wollongong in Dubai - Papers University of Wollongong in Dubai 1-1-2018 Creating a competitive advantage in the global flight catering supply chain: a case study using SCOR model Balan Sundarakani University of Wollongong in Dubai, [email protected] Hira Abdul Razzak Ministry of Health Sushmera Manikandan Swiss Business School, [email protected] Follow this and additional works at: https://ro.uow.edu.au/dubaipapers Recommended Citation Sundarakani, Balan; Razzak, Hira Abdul; and Manikandan, Sushmera: Creating a competitive advantage in the global flight catering supply chain: a case study using SCOR model 2018, 481-501. https://ro.uow.edu.au/dubaipapers/991 Research Online is the open access institutional repository for the University of Wollongong. For further information contact the UOW Library: [email protected] PROOF COVER SHEET Author(s): Balan Sundarakani Article Title: Creating a competitive advantage in the global flight catering supply chain: a case study using SCOR model Article No: CJOL1448767 Enclosures: 1) Query sheet 2) Article proofs Dear Author, 1. Please check these proofs carefully. It is the responsibility of the corresponding author to check these and approve or amend them. A second proof is not normally provided. Taylor & Francis cannot be held responsible for uncorrected errors, even if introduced during the production process. Once your corrections have been added to the article, it will be considered ready for publication. Please limit changes at this stage to the correction of errors. You should not make trivial changes, improve prose style, add new material, or delete existing material at this stage.