DOCSLIB.ORG

Finnair Investor Presentation, November 2012

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Finnair Investor Presentation, November 2012 Finnair Investor Presentation November 2012 1 Finnair Investor Presentation - Nov 2012 Content • Company highlights • Strategy implementation yielding results • Positive trend in business performance strengthens market position • Outlook • Fleet and investments • Dedicated and experienced management team • Appendices 2 Company highlights • European network airline connecting Asia and Europe, listed in the Nasdaq OMX Nordic • Finnair has an attractive, geographic niche between Northern Asia and Northern Europe with sustainable competitive advantage: – Finnair is the 3rd largest carrier in its Asian destinations, estimated market share of 5.9%.* – Market size of 20 million transfer passengers annually, globally one of the fastest growing traffic areas. – Traffic between Europe and China forecasted to triple during the next 30 years. • Cost advantage in long haul traffic due to short distance to Asia: Higher aircraft and crew utilisation compared to peers – Helsinki airport selected one of the best transfer airports in the world, minimum connection time of 35 min – The small size of domestic market limits the competition, Finnair benefits from it’s well established position and network coverage with over 60% market share • Stable financial position: 402.9 M€ in cash reserves (approximately 18% of annual turnover), net cash flow positive at 136,8 M€ ytd. *Based on weekly frequencies. 3 Finnair Investor Presentation - Nov 2012 Strategy implementation yielding results 4 Finnair Investor Presentation - Nov 2012 Our vision Double our revenue between Europe and Asia by 2020 Become the most desired option in travel between Europe and Asia Become number one airline and grow in the Nordic countries 5 Finnair Investor Presentation - Nov 2012 Finnair offers the fastest connections between over 50 11 Asian European mega-cities destinations • Tokyo • Nagoya • Osaka • Beijing • Chonqing • Shanghai • Hongkong • Soul • Bangkok • Singapore • Delhi 6 Finnair Investor Presentation - Nov 2012 Sustainable competitive advantage through geographical location • Faster connections with more comfort in travelling – Helsinki-Vantaa hub with minimum connection time of 35 minutes – One long and one short leg instead of two 6-7 hour legs • 24h rotation to Asian destinations and back • Operating cost advantages in many areas It's faster via Helsinki - time saved vs. other European hubs Via Vienna Via Munich Via London Via Istanbul Average time saved via Helsinki Beijing – Europe* 22.1% 33.1% 19.1% 16.2% 22.6% Shanghai – Europe* 26.6% 13.3% 14.5% 11.6% 16.5% Tokyo – Europe* 34.4% 24.3% 32.3% 31.7% 30.7% Osaka – Europe* 29.4% 25.4% 27.1% 20.3% 25.6% *Finnair operated European non-hub cities. 7 Finnair Investor Presentation - Nov 2012 Steady growth in Asian traffic Finnair is growing faster than Number of passengers the market in terms of seat growing steadily capacity Million passengers 160% 1,6 140% 1,4 120% 1,2 100% 1,0 80% 0,8 60% 0,6 40% 0,4 20% 0% 0,2 0,0 2005 Q1 2005 Q3 2005 Q1 2006 Q3 2006 Q1 2007 Q3 2007 Q1 2008 Q3 2008 Q1 2009 Q3 2009 Q1 2010 Q3 2010 Q1 2011 Q3 2011 Q1 2012 Q3 2012 2005 2006 2007 2008 2009 2010 2011 1-9 2012 AY seat growth Market seat growth 8 Finnair Investor Presentation - Nov 2012 Asian traffic revenues 51% of total passenger revenue – target to double Asian revenue by 2020* Finnair passenger revenues Asian traffic revenue annual by traffic area, %, growth 20% on average 2008 – Jan-Sep 2012 100% 90% 32% 33% 80% 40% 44% 45% 70% 60% 50% 40% 30% 20% 10% 0% 2005 2006 2007 2008 2009 2010 2011 1-9 2008 2009 2010 2011 1-9 2012 2012 Leisure Atlantic Domestic Europe Asia *From 2010 level. 9 Finnair Investor Presentation - Nov 2012 Finnair has strong presence in Asian key economies, weekly frequencies* China Japan 50 28 24 21 34 27 29 16 24 Finnair Lufthansa Air France KLM Finnair Lufthansa Air France KLM IAG Singapore Republic of Korea 12 13 7 77 77 6 Finnair Lufthansa Air France KLM Finnair Lufthansa Air France KLM • *Finnair is the 3rd largest carrier in its destinations, estimated market share of 5.9%. • Market size of 20 million transfer passengers annually, globally one of the fastest growing traffic areas. • Traffic between Europe and China forecasted to triple during the next 30 years. Finnair Investor Presentation - Nov 2012 10 Structural change advancing – from business segments to core business focus and supporting the efficient execution of business strategy and operations Action taken and/or on-going: 1 Strategy & Business development Network design and markets • Business strategy definition Fleet structure and size • Allocation of resources Product & customer experience Brand 2 Group support functions Financial & business services • Realization of synergies Procurement • Shared Service IT 3 Airline feeder traffic and support services Regional & feeder traffic Outsourced to service partners for: Catering • Cost efficiency Engine & component • Flexibility maintenance • Core business growth support Ground handling 11 Finnair Investor Presentation - Nov 2012 €140 million savings program well on track new target for 2012 cumulative savings €90 million (up €10 million from original target), leaving €50 million for 2013 Target €140 million Savings progress to target 3% 8% maintenance 26% 74% 25% 8% staff 43% 57% 9% other 102% lease 105% 10% sales 109% 24% catering 148% 14% ground handling 38% 62% maintenance staff other lease fuel 155% sales catering ground handling fuel 0% 100% 12 Finnair Investor Presentation - Nov 2012 Achievements so far • Fleet optimisation in European traffic: €11.5 million savings – Discontinuation of four A320 series aircraft lease agreements and subleasing five E170 aircraft – Fleet leasing contracts renegotiated and renewed • Improved route planning and aircraft utilisation – Low performing routes discontinued, average aircraft utilisation up by over an hour a day to 9 hours • Partnerships for improved cost efficiency and flexibility • Support functions streamlined • Savings through centralized procurement – Cost savings so far €16 million 13 Finnair Investor Presentation - Nov 2012 New €60 million savings programme launched • New cost savings programme published with the aim of achieving a permanent reduction in costs of a further €60 million by the end of 2014 – Despite the good advancement of the structural change and cost reduction programme launched in 2011, Finnair has not progressed as planned in all its savings categories – New savings are aim at reaching Finnair’s long-term target of 6% EBIT profit margin – In the face of high fuel prices, intensifying competition and significant fleet investments in the coming years, the company must achieve a marked improvement in profitability. • The new programme complements the existing €140 million structural change and cost reduction programme launched in 2011 14 Finnair Investor Presentation - Nov 2012 Positive trend in business performance strengthens market position 15 Finnair Investor Presentation - Nov 2012 Strong Q3 performance • All time high Q3 Turnover and Operational EBIT – Turnover €650.3 million (+7.1%), EBIT €48.9 million (+77.2%) • Stable financial position – Net cash flow from operations €44,5 million in July-September – €402.9 million short-term cash and cash equivalents (approx. 18% of annual turnover) • Notable improvements in traffic performance: – Load factor +3.9% -p – RASK +7.8% – Top performance in punctuality, over 90% of flights arrived on time 16 Finnair Investor Presentation - Nov 2012 Turnover growth continued while operational EBIT improved by 77.2% Quarterly turnover, € million Quarterly Operational EBIT, € million Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 700 60 600 40 500 20 400 0 300 200 -20 100 -40 0 -60 2008 2009 2010 2011 2012 2008 2009 2010 2011 2012 Operational result (EBIT) = EBIT excluding non-recurring items, capital gains and changes in the fair value of derivatives and in the value of foreign currency denominated fleet maintenance reserves 17 Finnair Investor Presentation - Nov 2012 Unit revenue improvement ahead of peers* • Unit revenue per available seat kilometre (RASK) up by 7.8% in Q3 as both passenger load factor (PLF, +3.9%-p) and yield per revenue passenger kilometre (RPK yield, +2.3%) improved y-o-y Q3 RASK +7.8% PLF RPK yield +3.9%-p +2.3% * Other European legacy carriers. 18 Finnair Investor Presentation - Nov 2012 Strong traffic performance in Q3 2012 Asian share 52.3% of the total capacity North America Europe Asia ASK 1,3 % ASK -0,5 % ASK 4,3 % RPK 1,9 % RPK 9,2 % RPK 6,4 % PLF 0,5 %-p PLF 6,9 %-p PLF 1,6 %-p Traffic revenue* 8,1 % Traffic revenue* 12,2 % Traffic revenue* 11,4 % Leisure traffic Domestic Total traffic ASK 23,6 % ASK -9,5 % ASK 3,4 % RPK 29,9 % RPK 2,6 % RPK 8,6 % PLF 4,5 %-p PLF 7,4 %-p PLF 3,9 %-p Traffic revenue* 24,2 % Traffic revenue* -9,4 % Traffic revenue* 11,0 % Passenger revenue split 7 % 5 % 5 % Cargo Asia ATK -41,7 % Europe RTK -26,3 % 51 % Domestic 32 % OLF 17,0 %-p North Atlatic Traffic revenue -30,3 % Charter * passenger revenue 19 Finnair Investor Presentation - Nov 2012 Airline business: RASK & CASK development Q3 2012 • Unit revenue per available seat kilometre (RASK) up by 7.8% • Unit cost per available seat kilometre excluding fuel (CASK, excl. fuel) down by 1.1% Change, y-o-y, % -15% -11% -7% -3% 1% 5% 9% 13% 17% 21% 25% RASK, unit revenue 7,8 % CASK, unit cost 6,1 % CASK, excl. Fuel -1,1 % 24,6 % Fuel cost Personnel -1,4 % Depreciation & leasing -9,6 % Traffic charges 9,5 % Maintenance 3,4 % Ground handling -6,4 % Catering -10,6 % Other costs 1,5 % 20 Finnair Investor
Load more

Recommended publications
  • Frequently Asked Questions (Faqs)
    Frequently asked questions (FAQs). 020 bookings on ANA Joint Venture routings. (Status: November 2014) General information. These FAQs are applicable for joint venture flights on LH and ANA and contain general information as well as specific eBooking information. What benefits do I have as a customer? Increased frequencies on routings from Japan to Europe and a wider range of choices. In addition, you can now book direct flights from Tokyo Haneda (HND)/Tokyo Narita (NRT) to London Heathrow (LHR), Paris Charles de Gaulle (CDG) and Düsseldorf (DUS). What routings are bookable on ANA flights? Bookings are possible on flights from Japan to Europe, including feeders and de-feeders within Japan and Europe. Which stations will be offered? Within Japan: Tokyo Haneda (HND), Tokyo Narita (NRT), Nagoya (NGO) and Osaka (KIX). Within Europe: all transit/import stations currently open for cargo. Which products and services can be booked on ANA flights? Standard cargo (td.Services) with td.Pro and td.Flash priority can be booked on ANA flights. Specials such as dangerous goods, animals or temperature-sensitive goods are excluded in a first step. Are my rates also valid for ANA flights? LH Cargo TACT, SRS and SRA rates can be booked on ANA flights. The shipment will receive access to an ANA flight if the booked revenue rate meets the access criteria defined by ANA. Additionally, ad hoc rates (spot quotations) can be requested for both LH Cargo and ANA flights. Is it possible to book 205(NH)-AWBs via Lufthansa Cargo? No, only 020(LH)-AWB bookings are possible in Lufthansa Cargo systems, e.g.
    [Show full text]
  • ICE 90620 IS Uppfaera Saga Lounge Skjal 11.Indd
    Saga Lounge Keflavík Airport DO YOU HAVE ACCESS TO THE ICELANDAIR SAGA LOUNGE? Saga Premium Premium Vildarkort passengers Landsbankans Access to Saga Lounge � � � � � � � � � Yes Access to Saga Lounge � � � � � � � � � Yes Can I invite a guest? � � � � � � � � � � � � � � � � No Can I invite a guest? � � � � � � � � � � � � � � � � No Icelandair Saga Gold Premium Vildar viðskiptakort Access to Saga Lounge � � � � � � � � � Yes Landsbankans Can I invite guests? � � � � � � � � � � � � � � � � Yes Access to Saga Lounge � � � � � � � � � Yes Can I invite a guest? � � � � � � � � � � � � � � � � No Icelandair Saga Silver Access to Saga Lounge � � � � � � � � � Yes World Elite Mastercard Can I invite a guest? � � � � � � � � � � � � � � � Yes – Issued by Arion Bank Access to Saga Lounge � � � � � � � � � Yes Mastercard Icelandair Can I invite a guest? � � � � � � � � � � � � � � � � No Business – Issued by Kreditkort Platinum Business Travel Access to Saga Lounge � � � � � � � � � Yes – Issued by Arion Bank Can I invite a guest? � � � � � � � � � � � � � � � � No Access to Saga Lounge � � � � � � � � � Yes Can I invite a guest? � � � � � � � � � � � � � � � � No Mastercard Icelandair Platinum Business Platinum Card – Issued by Kreditkort – Issued by Kvika Access to Saga Lounge � � � � � � � � � Yes Access to Saga Lounge � � � � � � � � � Yes Can I invite a guest? � � � � � � � � � � � � � � � � No Can I invite a guest? � � � � � � � � � � � � � � � � No Mastercard Icelandair Premium – Issued by Kreditkort Access to Saga Lounge � � � � � � �
    [Show full text]
  • IATA CLEARING HOUSE PAGE 1 of 21 2021-09-08 14:22 EST Member List Report
    IATA CLEARING HOUSE PAGE 1 OF 21 2021-09-08 14:22 EST Member List Report AGREEMENT : Standard PERIOD: P01 September 2021 MEMBER CODE MEMBER NAME ZONE STATUS CATEGORY XB-B72 "INTERAVIA" LIMITED LIABILITY COMPANY B Live Associate Member FV-195 "ROSSIYA AIRLINES" JSC D Live IATA Airline 2I-681 21 AIR LLC C Live ACH XD-A39 617436 BC LTD DBA FREIGHTLINK EXPRESS C Live ACH 4O-837 ABC AEROLINEAS S.A. DE C.V. B Suspended Non-IATA Airline M3-549 ABSA - AEROLINHAS BRASILEIRAS S.A. C Live ACH XB-B11 ACCELYA AMERICA B Live Associate Member XB-B81 ACCELYA FRANCE S.A.S D Live Associate Member XB-B05 ACCELYA MIDDLE EAST FZE B Live Associate Member XB-B40 ACCELYA SOLUTIONS AMERICAS INC B Live Associate Member XB-B52 ACCELYA SOLUTIONS INDIA LTD. D Live Associate Member XB-B28 ACCELYA SOLUTIONS UK LIMITED A Live Associate Member XB-B70 ACCELYA UK LIMITED A Live Associate Member XB-B86 ACCELYA WORLD, S.L.U D Live Associate Member 9B-450 ACCESRAIL AND PARTNER RAILWAYS D Live Associate Member XB-280 ACCOUNTING CENTRE OF CHINA AVIATION B Live Associate Member XB-M30 ACNA D Live Associate Member XB-B31 ADB SAFEGATE AIRPORT SYSTEMS UK LTD. A Live Associate Member JP-165 ADRIA AIRWAYS D.O.O. D Suspended Non-IATA Airline A3-390 AEGEAN AIRLINES S.A. D Live IATA Airline KH-687 AEKO KULA LLC C Live ACH EI-053 AER LINGUS LIMITED B Live IATA Airline XB-B74 AERCAP HOLDINGS NV B Live Associate Member 7T-144 AERO EXPRESS DEL ECUADOR - TRANS AM B Live Non-IATA Airline XB-B13 AERO INDUSTRIAL SALES COMPANY B Live Associate Member P5-845 AERO REPUBLICA S.A.
    [Show full text]
  • Lufthansa German Airlines Announcement
    Lufthansa German Airlines Announcement Message to all interested in a flight on Friday, July 10, 2020 from Dammam to Frankfurt Main (Germany) with possible connections to Europe, Canada, the USA, Mexico and Brazil. GENERAL INFO Lufthansa German Airlines is planning a commercial special flight on Friday, July 10, 2020 at 01:55 AM in order to provide further travel possibilities within the given restrictions due to the ongoing Corona-crisis. Announcements about this flight will be shared via the respective embassies and business councils. Lufthansa German Airlines is bookable for regular, scheduled flights to/from Dammam as of August 2020. This however continues to depend on the lifting of the air travel restrictions to/from Saudi Arabia. DISCLAIMER As much as Lufthansa wants to support in connecting people around the world with their beloved friends and relatives, we can only operate this flight once sufficient demand is given and all the regulatory approvals are granted. We kindly ask you to check all the travel rules and regulations with regards to your travel plans with the respective embassies/consulates. It is each passenger's responsibility to comply with all visa, quarantine and transit regulations, other forced travel regulations and current enforced travel restrictions. DESTINATIONS Departing King Fahd International Airport in Dammam (DMM) to Frankfurt Main (FRA) with connection possibilities to Europe, Canada, the USA, Mexico and Brazil. Destinations in Europe From Frankfurt Main (FRA) there are connecting flights to following
    [Show full text]
  • PRESS RELEASE Frankfurt, May, 20, 2021
    PRESS RELEASE Frankfurt, May, 20, 2021 Summer 2022: Seven additional long-haul tourist connections from Frankfurt and Munich − Directly from Munich to Punta Cana, Cancún and Las Vegas − Four additional destinations from Frankfurt: Fort Myers, Panama City, Salt Lake City and Kilimanjaro − All destinations for summer 2022 bookable as of May 26 The Lufthansa Group now already offers exciting vacation destinations on long- haul tourist routes for summer 2022. In addition to four more routes from Frankfurt, the Munich hub will again be integrated more strongly into the Lufthansa Group's long-haul tourist offering. From March 2022, flights will once again depart from Munich to the sunny destinations of Punta Cana in the Dominican Republic and Cancún in Mexico. Each destination will be served twice a week. Moreover, there will be two flights per week from the Bavarian capital to Las Vegas in the United States. Departing from Frankfurt, travelers can look forward to four dream destinations. Back on the flight schedule: Starting in March 2022, the Lufthansa Group will offer three flights a week to Fort Myers in the sunny state of Florida as well as to Panama City in Central America. In addition, Salt Lake City in the western United States will be on the flight schedule for the first time starting in May 2022 - with three flights per week. The Lufthansa Group is also expanding its services to East Africa and will be flying from Frankfurt to Kilimanjaro twice a week for the first time from June 2022. This summer, the flight schedule already includes Mombasa (Kenya) with onward flights to the dream island of Zanzibar (Tanzania).
    [Show full text]
  • Facts & Figures & Figures
    OCTOBER 2019 FACTS & FIGURES & FIGURES THE STAR ALLIANCE NETWORK RADAR The Star Alliance network was created in 1997 to better meet the needs of the frequent international traveller. MANAGEMENT INFORMATION Combined Total of the current Star Alliance member airlines: FOR ALLIANCE EXECUTIVES Total revenue: 179.04 BUSD Revenue Passenger 1,739,41 bn Km: Daily departures: More than Annual Passengers: 762,27 m 19,000 Countries served: 195 Number of employees: 431,500 Airports served: Over 1,300 Fleet: 5,013 Lounges: More than 1,000 MEMBER AIRLINES Aegean Airlines is Greece’s largest airline providing at its inception in 1999 until today, full service, premium quality short and medium haul services. In 2013, AEGEAN acquired Olympic Air and through the synergies obtained, network, fleet and passenger numbers expanded fast. The Group welcomed 14m passengers onboard its flights in 2018. The Company has been honored with the Skytrax World Airline award, as the best European regional airline in 2018. This was the 9th time AEGEAN received the relevant award. Among other distinctions, AEGEAN captured the 5th place, in the world's 20 best airlines list (outside the U.S.) in 2018 Readers' Choice Awards survey of Condé Nast Traveler. In June 2018 AEGEAN signed a Purchase Agreement with Airbus, for the order of up to 42 new generation aircraft of the 1 MAY 2019 FACTS & FIGURES A320neo family and plans to place additional orders with lessors for up to 20 new A/C of the A320neo family. For more information please visit www.aegeanair.com. Total revenue: USD 1.10 bn Revenue Passenger Km: 11.92 m Daily departures: 139 Annual Passengers: 7.19 m Countries served: 44 Number of employees: 2,498 Airports served: 134 Joined Star Alliance: June 2010 Fleet size: 49 Aircraft Types: A321 – 200, A320 – 200, A319 – 200 Hub Airport: Athens Airport bases: Thessaloniki, Heraklion, Rhodes, Kalamata, Chania, Larnaka Current as of: 14 MAY 19 Air Canada is Canada's largest domestic and international airline serving nearly 220 airports on six continents.
    [Show full text]
  • Air France KLM Martinair Cargo and Bolloré Logistics Team up to Launch the First Low-Carbon Airfreight Route Between France and the United States
    Press release Puteaux, 21 January 2021 Air France KLM Martinair Cargo and Bolloré Logistics team up to launch the first low-carbon airfreight route between France and the United States Bolloré Logistics has joined the Sustainable Aviation Fuel (SAF) programme of Air France KLM Martinair Cargo (AFKLMP Cargo) for its 2021 shipments between Paris Charles de Gaulle and New York John F. Kennedy airports. This first of its kind collaboration illustrates the ambition of these two historical partners to tackle the environmental challenge of airfreight transportation. Christophe Boucher, EVP Air France Cargo says: “The Cargo SAF Programme enables shippers and forwarders to power a percentage of their flights with SAF. Customers determine their own level of engagement and we ensure that their entire investment is used for sourcing SAF. I’m delighted to see the speed at which Air France KLM Martinair Cargo and Bolloré Logistics have come to an agreement on the use of our SAF programme, launched a few weeks ago. I’m proud that together we are trendsetters in a field that will grow in our companies and in society.” This innovative aviation fuel will cut CO₂ emissions by at least 50% on airfreight shipped by Bolloré Logistics on this symbolic trade lane. Investing in this strategic route represents a new step towards achieving greater sustainability in the future for both Bolloré Logistics and AFKLMP Cargo. “Reducing carbon emissions is a major challenge in the airfreight transportation industry and Bolloré Logistics is committed to addressing this with innovative solutions. In 2021, the company has committed itself to reducing scope 3 CO₂ emissions linked to the performance of its transport services by 30% by 2030.
    [Show full text]
  • Voluntary Carbon Offsetting 44 1-3%
    FACT SHEET #11 / NOVEMBER 2020 VOLUNTARY CARBON OFFSETTING A number of airlines already offer voluntary carbon offsetting for passengers, how do they work? Each flight produces carbon dioxide (CO2) emissions and whilst there are a lot of things being done by airlines to reduce the fuel use and CO2 emissions, often passengers would like to know how they can help lower the CO2 footprint of their travel. Voluntary carbon offsetting is one option available to passengers, either through an airline programme directly, or a third-party offset provider. What are offsets? 44 A large number of corporate travellers The name ‘offset’ can cover a variety of sources of CO2 reduction. It is a way to compensate for CO2 being produced airlines offer and individual in one area, by helping to fund a project which reduces CO2 in voluntary carbon passengers will another area. offsetting offset through third- programmes to party providers: we For example, if a passenger’s flight produces 2 tonnes of passengers. have no visibility CO2, they can choose to help fund a project which provides renewable energy to replace 2 tonnes of fossil fuel-related Half of the world’s 20 on the uptake of CO2 production. largest airlines offer offsets through these offsetting. sources. This is an offset, or a ‘carbon credit’. Most credits / offsets are in units of one tonne of CO2 and they can be generated by a range of different programmes around the world, in renewable energy, forestry and eventually they may be available in carbon capture, using technology to literally draw CO2 out of the 1-3% atmosphere.
    [Show full text]
  • New Expanded Joint Venture
    Press Release The Power of Choice for Cargo Customers as Air France-KLM, Delta and Virgin Atlantic launch trans-Atlantic Joint Venture AMSTERDAM/PARIS, ATLANTA and LONDON: February 3rd, 2020 – Air France-KLM Cargo, Delta Air Lines Cargo and Virgin Atlantic Cargo are promising cargo customers more connections, greater shipment routing flexibility, improved trucking options, aligned services and innovative digital solutions with the launch of their expanded trans-Atlantic Joint Venture (JV). The new partnership, which represents 23% of total trans-Atlantic cargo capacity or more than 600,000 tonnes annually, will enable the airlines to offer the best-ever customer experience, and a combined network of up to 341 peak daily trans-Atlantic services – a choice of 110 nonstop routes with onward connections to 238 cities in North America, 98 in Continental Europe and 16 in the U.K. More choice and convenience for customers Customers will be able to leverage an enhanced network built around the airlines’ hubs in Amsterdam, Atlanta, Boston, Detroit, London Heathrow, Los Angeles, Minneapolis, New York-JFK, Paris, Seattle and Salt Lake City. It creates convenient nonstop or one-stop connections to every corner of North America, Europe and the U.K., giving customers the added confidence of delivery schedules being met by a wide choice of options. The expanded JV enables greater co-operation between the airlines, focused on delivering world class customer service and reliability on both sides of the Atlantic achieved through co-located facilities, joint trucking options as well as seamless bookings and connected service recovery. The airlines already co-locate at warehouses in key U.S., U.K.
    [Show full text]
  • Airbaltic: Drivers of Economic Growth in Regions
    airBaltic: Drivers of Economic Growth in Regions 1 November, 2011 airBaltic highlights 11 November,November, 20112011 The Airline Pacesetter Award airBaltic 2010 Airline of Year 2009/10 in Europe by ERA ATW Phoenix Award 2010 (Oscar of the airline industry) 2010 in figures: 3.2million passengers, 69% load factor, +16% growth airBaltic flights from Riga 2011 11 November,November, 20112011 airBaltic total growth +16% passenger flows 2010, 1.3 m 1 1 November, 2011 . 3 m 0 .6 m Riga airport passenger growth 6 0 0 0 5 0 0 0 4 0 0 0 3 0 0 0 2 0 0 0 2 200 1 0 0 0 1 828 0 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 200 341 310 392 491 497 531 555 1 November, 2011 562 574 623 633 1 878 712 2 495 3 160 3 690 1 060 4 200 4 663 5 000 2 2003 2004 2005 2006 2007 2008 2009 2010 2011* * E stimated Riga establishing its place, airports by passengers 2010, mln 1 November, 2011 12,8 19,0 8,3 4,6 50,8 21,5 8,7 22,3 6,6 Airports (combined where applicable) by annual passengers 2010, in mln airBaltic passenger growth 4 000 000 3 500 000 3 000 000 2 500 000 2 000 000 1 500 000 1 000 000 500 000 0 12 806 1995 106 127 151 385 1996 173 652 1997 194 224 1998 218 270 1999 248 710 2000 262 212 2 590 357 336 367 2 008 522 2001 1 037 925 2 757 404 3 206 735 589 229 1 425 277 3527409 2002 1 November, 2011 2003 2004 2005 2006 2007 2008 2009 2010 2011E airBaltic 15 minute punctuality 89,00% 88,00% 87,80% 87,00% 86,00% 85,00% 84,00% 83,40% 83,00% 82,00% 81,00% 2010 2011Jan-Aug Essential differences between transfer and point-to-point models November 1, 2011 Development of a transfer-hub transforms the risk-profile November 1, 2011 Number of Maximum number of Routes markets served Point to Transfer Point Hub Increases number of markets that can be served on an exponential basis Enables capacity to be allocated where demand 2 4 6 (or yield) is highest 3 6 12 Minimises dependence on individual markets, 4 8 20 5 10 30 economies, currencies 6 12 42 It needs 7 14 56 – “Critical mass” 8 16 72 9 18 90 – Attractive pricing across the range of 10 20 110 markets ….
    [Show full text]
  • Prof. Paul Stephen Dempsey
    AIRLINE ALLIANCES by Paul Stephen Dempsey Director, Institute of Air & Space Law McGill University Copyright © 2008 by Paul Stephen Dempsey Before Alliances, there was Pan American World Airways . and Trans World Airlines. Before the mega- Alliances, there was interlining, facilitated by IATA Like dogs marking territory, airlines around the world are sniffing each other's tail fins looking for partners." Daniel Riordan “The hardest thing in working on an alliance is to coordinate the activities of people who have different instincts and a different language, and maybe worship slightly different travel gods, to get them to work together in a culture that allows them to respect each other’s habits and convictions, and yet work productively together in an environment in which you can’t specify everything in advance.” Michael E. Levine “Beware a pact with the devil.” Martin Shugrue Airline Motivations For Alliances • the desire to achieve greater economies of scale, scope, and density; • the desire to reduce costs by consolidating redundant operations; • the need to improve revenue by reducing the level of competition wherever possible as markets are liberalized; and • the desire to skirt around the nationality rules which prohibit multinational ownership and cabotage. Intercarrier Agreements · Ticketing-and-Baggage Agreements · Joint-Fare Agreements · Reciprocal Airport Agreements · Blocked Space Relationships · Computer Reservations Systems Joint Ventures · Joint Sales Offices and Telephone Centers · E-Commerce Joint Ventures · Frequent Flyer Program Alliances · Pooling Traffic & Revenue · Code-Sharing Code Sharing The term "code" refers to the identifier used in flight schedule, generally the 2-character IATA carrier designator code and flight number. Thus, XX123, flight 123 operated by the airline XX, might also be sold by airline YY as YY456 and by ZZ as ZZ9876.
    [Show full text]
  • DHL and Leipzig Now Lead ATM Stats 3 European Airline Operations in April According to Eurocontrol
    Issue 56 Monday 20 April 2020 www.anker-report.com Contents C-19 wipes out 95% of April air traffic; 1 C-19 wipes out 95% of April air traffic; DHL and Leipzig now lead movements statistics in Europe. DHL and Leipzig now lead ATM stats 3 European airline operations in April according to Eurocontrol. The coronavirus pandemic has managed in the space of a According to the airline’s website, Avinor has temporarily month to reduce European air passenger travel from roughly its closed nine Norwegian airports to commercial traffic and 4 Alitalia rescued (yet again) by Italian normal level (at the beginning of March) to being virtually non- Widerøe has identified alternatives for all of them, with bus government; most international existent (at the end of March). Aircraft movement figures from transport provided to get the passengers to their required routes from Rome face intense Eurocontrol show the rapid decrease in operations during the destination. competition; dominant at Milan LIN. month. By the end of the month, flights were down around Ryanair still connecting Ireland and the UK 5 Round-up of over 300 new routes 90%, but many of those still operating were either pure cargo flights (from the likes of DHL and FedEx), or all-cargo flights Ryanair’s current operating network comprises 13 routes from from over 60 airlines that were being operated by scheduled airlines. Ireland, eight of which are to the UK (from Dublin to supposed to have launched during Birmingham, Bristol, Edinburgh, Glasgow, London LGW, London the last five weeks involving Leipzig/Halle is now Europe’s busiest airport STN and Manchester as well as Cork to London STN).
    [Show full text]