DOCSLIB.ORG

Summary of Fy 2008

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text

Load more

SUMMARY OF FY 2008 1. Main figures Iberia Group Financial Data € million (a) 4th Quarter Accumulated 2008 2007 % (a) 2008 2007 % (a) Operating revenues (b) 1.329 1.396 -4,8 5.450 5.522 -1,3 Operating costs (b) 1.392 1.322 5,3 5.529 5.238 5,5 EBITDAR (b) 81 232 -65,3 500 932 -46,4 Recurring EBIT (b) -63 74 n.a -79 284 n.a Adjusted EBIT (c) -33 107 n.a 40 416 -90,4 Profit/loss from operations (d) -25 109 n.a 5 413 -98,8 Consolidated income before taxes -28 120 n.a 36 447 -91,9 Consolidated income after taxes -19 105 n.a 32 328 -90,2 Non-current assets (e) --- --- --- 2.450 2.086 17,4 Current financial investments, cash & cash --- --- --- 2.272 2.967 -23,4 equivalents (e) (g) Equity (e) --- --- --- 1.564 2.006 -22,0 In-balance sheet net debt (e) --- --- --- -1.803 -2.500 -27,9 Adjusted net debt x 8 (e) --- --- --- 1.012 532 90,3 Cash flow from operating activities --- --- --- 38 381 -90,0 EBITDAR margin (%) (b) (f) 6,1% 16,6% -10,6 p. 9,2% 16,9% -7,7 p. EBIT margin (%) (b) (f) -4,7% 5,3% -10,1 p. -1,5% 5,1% -6,6 p. Operating revenue/ASK (€ cent) (b) 8,37 8,33 0,5 8,24 8,31 -0,8 Operating expense/ASK (€ cent) (b) 8,77 7,88 11,2 8,36 7,88 6,1 Operating expense (ex fuel)/ASK (€ cent) (b) 5,84 5,99 -2,4 5,84 6,16 -5,1 Operating data ASK (million) 15.875 16.772 -5,3 66.098 66.454 -0,5 RPK (million) 12.302 13.471 -8,7 52.885 54.229 -2,5 Load factor (%) (f) 77,5 80,3 -2,8 p. 80,0 81,6 -1,6 p. Yield (€ cent) (h) 7,63 7,46 2,2 7,36 7,44 -1,1 Passenger revenue / ASK (€ cent) (h) 5,91 6,00 -1,4 5,89 6,07 -3,0 Annual average headcount 20.956 22.168 -5,5 21.578 22.515 -4,2 ASK / Employee (thousand) 758 757 0,1 3.063 2.952 3,8 No. of aircraft end of period 119 136 -12,5 119 136 -12,5 Average fleet utilization (block hours/aircraft/day) 10,0 9,6 3,6 10,0 9,6 4,3 (a) Percentage changes are calculated over full figures in euros. The 2008 financial statements include the revenue and costs associated with the Handling Joint Venture (JV) in proportion to Iberia’s participation (in 2007 the whole of the annual impact was recorded in the fourth quarter). (b) Only recurring items. (c) Excluding 33% of operating leases (100% of dry leases + 50% of wet lease) equivalent to the implicit financial interest of the aircraft rentals. (d) Includes non-recurring items. (e) December 2008 vs December 2007. (f) Year on year variation expressed in percentage points. (g) Current financial investments (excluding the value of hedging instruments) plus cash and other cash equivalents. (h) Calculated with passenger revenues generated during the period, excluding revenues from the cancellation of customer advances as well as other minor accounting regularizations. - 1 - 2. Highlights ! In 2008 the Iberia Group generated consolidated income after taxes of €32 million and profit from operations of €5 million. ! Aircraft fuel costs rose by €521 million in 2008 while other operating costs fell by €230 million. ! The in-depth restructuring of the network and delivery of most of the other initiatives contemplated in the 2006-2008 Director Plan were key to mitigating the impact of rising fuel costs. Thanks to this, stripping out fuel costs, unit operating costs fell by 5.1% during the year. ! Operating revenues narrowed 1.3% year-on-year, hurt by the depreciation of the dollar; at constant exchange rates, revenue would have expanded slightly. ! Revenue from technical assistance to airlines continued to increase significantly thanks to an expanding product and client portfolio. ! At year-end, the consolidated balance sheet reflects the company’s financial health, with equity of €1,564 million and liquidity of €2,272 million. ! Staff group productivity (measured as ASK per employee) climbed 3.8% while fleet utilisation (measured in block hours per aircraft) rose 4.3% to 10 hours daily. ! Iberia, American Airlines and British Airways signed a joint business agreement to develop their cooperation in their operations between Europe and North America. - 2 - 3. Businesses’ evolution 3.1. Transport Operating Statistics (a) 4th Quarter Accumulated 2008 2007 % 2008 2007 % Passenger operations ASK (million) 15.875 16.772 -5,3 66.098 66.454 -0,5 Domestic 2.194 2.735 -19,8 9.546 11.516 -17,1 Medium Haul 4.126 4.227 -2,4 17.223 16.738 2,9 Europe 3.601 3.739 -3,7 15.192 14.762 2,9 Africa and Middle East (b) 525 488 7,6 2.031 1.975 2,8 Long Haul 9.555 9.811 -2,6 39.330 38.201 3,0 RPK (million) 12.302 13.471 -8,7 52.885 54.229 -2,5 Domestic 1.532 2.111 -27,4 6.810 8.738 -22,1 Medium Haul 2.858 2.925 -2,3 12.584 12.172 3,4 Europe 2.466 2.568 -4,0 11.049 10.693 3,3 Africa and Middle East (b) 391 357 9,5 1.535 1.478 3,8 Long Haul 7.913 8.436 -6,2 33.490 33.319 0,5 Load factor (%) 77,5 80,3 -2,8 p. 80,0 81,6 -1,6 p. Domestic 69,8 77,2 -7,4 p. 71,3 75,9 -4,5 p. Medium Haul 69,3 69,2 0,1 p. 73,1 72,7 0,3 p. Europe 68,5 68,7 -0,2 p. 72,7 72,4 0,3 p. Africa and Middle East (b) 74,6 73,3 1,3 p. 75,6 74,8 0,7 p. Long Haul 82,8 86,0 -3,2 p. 85,2 87,2 -2,1 p. Cargo Cargo tonnes 60.194 72.366 -16,8 242.213 260.601 -7,1 ATK (million) 414 438 -5,4 1.714 1.702 0,7 RTK (million) 295 353 -16,4 1.156 1.225 -5,6 Load factor (%) 71,3 80,7 -9,3 p. 67,4 71,9 -4,5 p. Passenger revenues (c) Passenger revenues (€ thousand) 939 1.006 -6,6 3.891 4.034 -3,5 Passenger revenues/ ASK (€ cent) 5,91 6,00 -1,4 5,89 6,07 -3,0 Passenger revenues/ RPK (€ cent) 7,63 7,46 2,2 7,36 7,44 -1,1 (a) Iberia L.A.E. traffic. (b) Except South Africa, that is included in Long Haul. (c) Passenger revenues include only those revenues generated during the period. Therefore, revenues from the cancellation of customer advances as well as other minor accounting regularizations are excluded. ASK: Available Seat Kilometre; RPK: Revenue Passenger Kilometre; ATK: Available Ton Kilometre; RTK: Revenue Ton Kilometre. Year on year variation in Load factor expressed in percentage points. Since the end of 2007 air traffic growth has been slowing. This trend gathered pace during the second half of 2008 as a result of the downturn in the global economy. Revenue passenger kilometres (RPK) on regular flights at the airlines belonging to the Association of European Airlines (AEA) rose 1.2% in 2008, compared to growth of 5.4% the year earlier. Meanwhile, the sector also scaled back capacity, albeit not by enough to offset the slide in demand, so that load factors declined on a widespread basis over the course of the year. The average load factor at AEA member airlines narrowed 1.3 percentage points in 2008 to 76.0%. Last year Iberia posted a passenger load factor of 80.0%, compared to 81.6% in 2007 - which was the company’s annual ranking, ahead (together with Air France-KLM) of the other European network carriers. Capacity at Iberia, measured in available seat-kilometres (ASK), narrowed 0.5% on 2007 across the network, mainly driven by capacity downsizing on domestic routes. Accordingly, aggregate capacity on international flights climbed 2.7% year-on-year. The quarterly trend in activity highlights the gradual weakening in traffic across all markets, especially in the final months of the year, as the downturn in the economic situation intensified. The company stepped up the pace of capacity adjustments as 2008 progressed: overall capacity rose by 1.7% in 1H08, fell by 0.2% in 3Q08 and by a more notable 5.3% in 4Q08. - 3 - In 2008 Iberia concluded the review and optimisation of the flight programme set out in the 2006-2008 Director Plan, boosting network operations. The company continued to add capacity and optimise connections through its Madrid-Barajas hub and, at the same time finalised the selective streamlining of its capacity on point-to-point routes, with the greatest impact on domestic routes. The impact of these measures, together with sustained growth in capacity on transatlantic flights and flights to and from Central and Eastern Europe led to a 12.6% jump in the average stage length to 2,273 kilometres. The yield, or passenger revenue per RPK, decreased by 1.1% for the network as a whole in 2008, while revenue per ASK slid 3.0% on 2007. Both indicators were hurt by the increase in average stage length and the depreciation of the dollar.
Recommended publications
  • Liste-Exploitants-Aeronefs.Pdf

    Liste-Exploitants-Aeronefs.Pdf

    EN EN EN COMMISSION OF THE EUROPEAN COMMUNITIES Brussels, XXX C(2009) XXX final COMMISSION REGULATION (EC) No xxx/2009 of on the list of aircraft operators which performed an aviation activity listed in Annex I to Directive 2003/87/EC on or after 1 January 2006 specifying the administering Member State for each aircraft operator (Text with EEA relevance) EN EN COMMISSION REGULATION (EC) No xxx/2009 of on the list of aircraft operators which performed an aviation activity listed in Annex I to Directive 2003/87/EC on or after 1 January 2006 specifying the administering Member State for each aircraft operator (Text with EEA relevance) THE COMMISSION OF THE EUROPEAN COMMUNITIES, Having regard to the Treaty establishing the European Community, Having regard to Directive 2003/87/EC of the European Parliament and of the Council of 13 October 2003 establishing a system for greenhouse gas emission allowance trading within the Community and amending Council Directive 96/61/EC1, and in particular Article 18a(3)(a) thereof, Whereas: (1) Directive 2003/87/EC, as amended by Directive 2008/101/EC2, includes aviation activities within the scheme for greenhouse gas emission allowance trading within the Community (hereinafter the "Community scheme"). (2) In order to reduce the administrative burden on aircraft operators, Directive 2003/87/EC provides for one Member State to be responsible for each aircraft operator. Article 18a(1) and (2) of Directive 2003/87/EC contains the provisions governing the assignment of each aircraft operator to its administering Member State. The list of aircraft operators and their administering Member States (hereinafter "the list") should ensure that each operator knows which Member State it will be regulated by and that Member States are clear on which operators they should regulate.
  • G410020002/A N/A Client Ref

    G410020002/A N/A Client Ref

    Solicitation No. - N° de l'invitation Amd. No. - N° de la modif. Buyer ID - Id de l'acheteur G410020002/A N/A Client Ref. No. - N° de réf. du client File No. - N° du dossier CCC No./N° CCC - FMS No./N° VME G410020002 G410020002 RETURN BIDS TO: Title – Sujet: RETOURNER LES SOUMISSIONS À: PURCHASE OF AIR CARRIER FLIGHT MOVEMENT DATA AND AIR COMPANY PROFILE DATA Bids are to be submitted electronically Solicitation No. – N° de l’invitation Date by e-mail to the following addresses: G410020002 July 8, 2019 Client Reference No. – N° référence du client Attn : [email protected] GETS Reference No. – N° de reference de SEAG Bids will not be accepted by any File No. – N° de dossier CCC No. / N° CCC - FMS No. / N° VME other methods of delivery. G410020002 N/A Time Zone REQUEST FOR PROPOSAL Sollicitation Closes – L’invitation prend fin Fuseau horaire DEMANDE DE PROPOSITION at – à 02 :00 PM Eastern Standard on – le August 19, 2019 Time EST F.O.B. - F.A.B. Proposal To: Plant-Usine: Destination: Other-Autre: Canadian Transportation Agency Address Inquiries to : - Adresser toutes questions à: Email: We hereby offer to sell to Her Majesty the Queen in right [email protected] of Canada, in accordance with the terms and conditions set out herein, referred to herein or attached hereto, the Telephone No. –de téléphone : FAX No. – N° de FAX goods, services, and construction listed herein and on any Destination – of Goods, Services, and Construction: attached sheets at the price(s) set out thereof.
  • Time Departure FLIGHTS from SABİHA GÖKÇEN AIRPORT

    Time Departure FLIGHTS from SABİHA GÖKÇEN AIRPORT

    Wings of Change Europe Master of Ceremony Montserrat Barriga Director General European Regions Airline Association (ERA) Wings of Change Europe – 13/14 November 2018 – Madrid , Spain Wifi Hilton Honors Password APMAD08 Wings of Change Europe – 13/14 November 2018 – Madrid , Spain Welcome remarks Luis Gallego CEO Iberia Wings of Change Europe – 13/14 November 2018 – Madrid , Spain Welcome to Madrid Iberia in figures Flying since Member of Three Business: Airline Maintenance 1927 3 Handing Employees Incomes 2017 €376 Operating profits 2017 17.500 €4.85 Billion (+39% vs 2016) What does Iberia bring to Madrid? 17,500 109 23,000,000 142 employees International aircraft destinations passengers 50% 5,5% 50,000 GDP Indirect Madrid Airport employees Our strategic roadmap The 2013 2014 2017 2012 future Transformation Plan de Futuro Plan de Futuro Struggling Transforming Plan Phase 2 for survival to reach excellence On the verge of Loses cut by half Back to profitability The most punctual airline bankruptcy in the world Four star Skytrax Highest operational profits in Iberia’s 90 years of history 2018 had significant challenges for IB. How are we doing? Financial People Results Customer Muchas gracias The Value of Aviation & importance of Competitiveness for Spain Jose Luis Ábalos Minister of Public Works Government of Spain Wings of Change Europe – 13/14 November 2018 – Madrid , Spain The European Commission’s perspective on the future of aviation in the EU and its neighboring countries Henrik Hololei Director General for Mobility & Transport European
  • Listado De Certificados De Operador Aéreo (AOC) De Avión Y Helicóptero

    Listado De Certificados De Operador Aéreo (AOC) De Avión Y Helicóptero

    Listado de Certificados de Operador Aéreo (AOC) de avión y helicóptero. Fecha de generación: 27-09-2021 Operador DBA Número AOC Flotas ATR 72-200 SERIES AERONOVA, S.L. AIR EUROPA EXPRESS ES.AOC.020 BOEING 737-800 SERIES EMBRAER ERJ 190-200 LR AIRBUS A330-200 AIRBUS A330-300 (RR) AIR EUROPA LINEAS AEREAS, S.A. AIR EUROPA ES.AOC.004 BOEING 737-800 SERIES BOEING 787-8 BOEING 787-9 ATR 72-212 A AIR NOSTRUM LINEAS AEREAS DEL AIR NOSTRUM LINEAS AEREAS DEL BOMBARDIER CL-600-2B19 ES.AOC.002 MEDITERRANEO, S.A. MEDITERRANEO BOMBARDIER CL-600-2D24 BOMBARDIER CL-600-2E25 AIR TAXI & CHARTER AIR TAXI & CHARTER CESSNA 525 ES.AOC.088 INTERNATIONAL, S.L INTERNATIONAL CESSNA 525A BOEING 737-400 SERIES ALBASTAR, S.A. ALBASTAR ES.AOC.106 BOEING 737-800 SERIES ANA MARIA ALEGRE GALINDO PIRIVUELO ES.AOC.148 ROBIN DR 400/180 R AURA AIRLINES, S.L. GOWAIR Vacation Airlines ES.AOC.146 AIRBUS A320-200 BABCOCK MISSION CRITICAL BABCOCK MISSION CRITICAL ES.AOC.046 BEECHCRAFT B200 SERVICES ESPAÑA, S.A. SERVICES ESPAÑA AGUSTA 139 AGUSTA A109E AGUSTA A109S AGUSTA-BELL AB 412 BABCOCK MISSION CRITICAL BABCOCK MISSION CRITICAL ES.AOC.129 BELL 412 SERVICES ESPAÑA, S.A. SERVICES ESPAÑA BELL 412EP EUROCOPTER EC135 P2 EUROCOPTER EC135 T2 EUROCOPTER EC135 T2+ EUROCOPTER EC135 T3 EUROCOPTER MBB-BK 117 C-2 EUROCOPTER MBB-BK117 D-2 BARON 58, S.L.U. BARON 58, S.L.U. ES.AOC.132 EUROCOPTER AS355F2 AGUSTA A109A II AGUSTA-BELL AB 206 B BELL 206B BIGAS GRUP HELICOPTERS SL ES.AOC.136 EUROCOPTER AS 350 B EUROCOPTER EC 130B4 ROBINSON R44 ROBINSON R44 II ATR 72-212 A BINTER CANARIAS, S.A.
  • The Impact of Unfair Commercial Practices on Competition in the EU Passenger Transport Sector, in Particular Air Transport

    The Impact of Unfair Commercial Practices on Competition in the EU Passenger Transport Sector, in Particular Air Transport

    STUDY Requested by the ECON committee The Impact of Unfair Commercial Practices on Competition in the EU Passenger Transport Sector, in particular Air Transport Policy Department for Economic, Scientific and Quality of Life Policies Directorate-General for Internal Policies Authors: F. SCIAUDONE, K. NOTI, H. SCHEBESTA, F. MORETTI, M. PIANTONI, R. ARANCIO EN PE 642.381 - April 2020 The Impact of Unfair Commercial Practices on Competition in the EU Passenger Transport Sector, in particular Air Transport Abstract The study aims at identifying and analysing the unfair commercial and trading practices in passenger air transport that not only are detrimental to consumers, but which can also distort competition in the Single Market. The study analyses the main air carrier business models and price patterns, as well as the decisions adopted by the national competent authorities with regard to unfair commercial practices and predatory pricing. This document was provided by Policy Department A at the request of the ECON Committee. This document was requested by the European Parliament's Committee on Economic and Monetary Affairs. AUTHORS Francesco SCIAUDONE, Grimaldi Studio Legale; Kletia NOTI, Grimaldi Studio Legale; Hanna SCHEBESTA, Blue & Stars Legal Research; Francesca MORETTI, Grimaldi Studio Legale; Martina PIANTONI, Grimaldi Studio Legale; Rosaria ARANCIO, Grimaldi Studio Legale ADMINISTRATOR RESPONSIBLE Radostina PARENTI EDITORIAL ASSISTANT Janetta CUJKOVA LINGUISTIC VERSIONS Original: EN ABOUT THE EDITOR Policy departments provide in-house
  • Guia De Recursos Turisticos

    Guia De Recursos Turisticos

    G U I A D E R E C U R S O S T U R I S T I C O S Y S E R V I C I O S . AYUNTAMIENTO DE LLANES C/ Nemesio Sobrino s/n. 33500 Llanes Teléfono: 985400102 / 985400071 www.ayuntamientodellanes.com . OFICINA DE TURISMO DE LLANES C/ Alfonso IX, s/n. La Torre. 33500 Llanes Teléfono: 985 400 164 Fax: 985 401 999 www.llanes.com [email protected] - Horario de verano (15 de junio al 15 de septiembre): todos los días de 10 a 14 y de 17 a 21 h. - Horario de invierno (16 de septiembre al 14 de junio): de lunes a sábado de 10 a14 h. y de 16 a 18.30 h. Domingos y festivos de 10 a 14 h. - Horario de puentes: de 10 a 14 y de 16 a 20 h. PUNTO DE INFORMACIÓN DEL QUIOSCO - Horario de verano (del 15 de junio al 15 de septiembre): todos los días de 10 a 14 y de 17 a 20 h. PUNTO DE INFORMACIÓN DE POSADA - Horario de verano (del 10 de julio al 15 de septiembre): todos los días de 10 a 14 y de 17 a 20 h. PUNTO DE INFORMACIÓN DE NUEVA - Horario de verano (del 10 de julio al 15 de septiembre): todos los días de 10 a 14 y de 17 a 20 h. INFOASTURIAS Teléfono: 902 300 202 www.infoasturias.com [email protected] . ESTACIÓN DE AUTOBUSES DE LLANES Teléfono: 985 40 24 85 . ESTACIÓN DE FEVE DE LLANES Teléfono: 985 40 01 24 .
  • Airline Route Networks: a Complex Network Approach C February 2014 Als Meus Pares

    Airline Route Networks: a Complex Network Approach C February 2014 Als Meus Pares

    ADVERTIMENT . La consulta d’aquesta tesi queda condicionada a l’acceptació de les següents condicions d'ús: La difusió d’aquesta tesi per mitjà del servei TDX ( www.tesisenxarxa.net ) ha estat autoritzada pels titulars dels drets de propietat intel·lectual únicament per a usos privats emmarcats en activitats d’investigació i docència. No s’autoritza la seva reproducció amb finalitats de lucre ni la seva difusió i posada a disposició des d’un lloc aliè al servei TDX. No s’autoritza la presentació del seu contingut en una finestra o marc aliè a TDX (framing). Aquesta reserva de drets afecta tant al resum de presentació de la tesi com als seus continguts. En la utilització o cita de parts de la tesi és obligat indicar el nom de la persona autora. ADVERTENCIA . La consulta de esta tesis queda condicionada a la aceptación de las siguientes condiciones de uso: La difusión de esta tesis por medio del servicio TDR ( www.tesisenred.net ) ha sido autorizada por los titulares de los derechos de propiedad intelectual únicamente para usos privados enmarcados en actividades de investigación y docencia. No se autoriza su reproducción con finalidades de lucro ni su difusión y puesta a disposición desde un sitio ajeno al servicio TDR. No se autoriza la presentación de su contenido en una ventana o marco ajeno a TDR (framing). Esta reserva de derechos afecta tanto al resumen de presentación de la tesis como a sus contenidos. En la utilización o cita de partes de la tesis es obligado indicar el nombre de la persona autora.
  • Before the U.S. Department of Transportation Washington, D.C

    Before the U.S. Department of Transportation Washington, D.C

    BEFORE THE U.S. DEPARTMENT OF TRANSPORTATION WASHINGTON, D.C. Application of AMERICAN AIRLINES, INC. BRITISH AIRWAYS PLC OPENSKIES SAS IBERIA LÍNEAS AÉREAS DE ESPAÑA, S.A. Docket DOT-OST-2008-0252- FINNAIR OYJ AER LINGUS GROUP DAC under 49 U.S.C. §§ 41308 and 41309 for approval of and antitrust immunity for proposed joint business agreement JOINT MOTION TO AMEND ORDER 2010-7-8 FOR APPROVAL OF AND ANTITRUST IMMUNITY FOR AMENDED JOINT BUSINESS AGREEMENT Communications about this document should be addressed to: For American Airlines: For Aer Lingus, British Airways, and Stephen L. Johnson Iberia: Executive Vice President – Corporate Kenneth P. Quinn Affairs Jennifer E. Trock R. Bruce Wark Graham C. Keithley Vice President and Deputy General BAKER MCKENZIE LLP Counsel 815 Connecticut Ave. NW Robert A. Wirick Washington, DC 20006 Managing Director – Regulatory and [email protected] International Affairs [email protected] James K. Kaleigh [email protected] Senior Antitrust Attorney AMERICAN AIRLINES, INC. Laurence Gourley 4333 Amon Carter Blvd. General Counsel Fort Worth, Texas 76155 AER LINGUS GROUP DESIGNATED [email protected] ACTIVITY COMPANY (DAC) [email protected] Dublin Airport [email protected] P.O. Box 180 Dublin, Ireland Daniel M. Wall Richard Mendles Michael G. Egge General Counsel, Americas Farrell J. Malone James B. Blaney LATHAM & WATKINS LLP Senior Counsel, Americas 555 11th St., NW BRITISH AIRWAYS PLC Washington, D.C. 20004 2 Park Avenue, Suite 1100 [email protected] New York, NY 10016 [email protected] [email protected] Antonio Pimentel Alliances Director For Finnair: IBERIA LÍNEAS AÉREAS DE ESPAÑA, Sami Sareleius S.A.
  • PRESS RELEASE Introducing New Direct, Naples Barcelona Service

    PRESS RELEASE Introducing New Direct, Naples Barcelona Service

    PRESS RELEASE Introducing new direct, Naples Barcelona service, operated by clickair, the new Spanish airline, with rates starting as low as 20€ Barcelona/Naples 2 May 2007 –clickair - the new Spanish airline- will inaugurate new direct service between Barcelona and Naples five days a week from the beginning of May until the end of October 1. Flight times : Departure Arrival Naples - Barcelona 13:25 15:20 Barcelona - Naples 10:20 12:15 1 Round trip flights operate everyday of the week except Tuesday and Saturday Clickair, Europe’s newest airline, has developed a strategy of offering passengers the opportunity to “ fly smart ”: the new flight between the two cities offers rates as low as 20€ one-way all taxes included. Clickair’s rates are even more competitive in light of the fact that, thanks to the low cost airline’s extensive network, passengers are offered a large selection of destinations with high quality services. The route between Barcelona and Palermo , with twice-weekly flights, was also inaugurated by clickair on 1 May and in April the airline begin service to Pisa and Verona. As of 1 June and 1 July, respectively, daily direct service will begin between Barcelona and Rome-Fiumicino and Venice . Currently clickair operates direct service between Valencia, site of the America’s Cup, and Rome as well as Milan-Malpensa . “ We are pleased to add these two new flights to our list of Italian destinations “ declared clickair’s CEO, Alex Cruz. “Our two countries have special ties and we are proud to offer all passengers, be they businessmen, tourists or students, a product suited to their needs which will allow them to cross the Mediterranean in either direction and allow these two cities to become even closer ”.
  • 2 August 2007 CODAR Europe Hosting Seasonde Advanced Training Course

    2 August 2007 CODAR Europe Hosting Seasonde Advanced Training Course

    2 August 2007 CODAR Europe Hosting SeaSonde Advanced Training Course Dear SeaSonde Users, CODAR Europe invites you to participate in a two day advanced training workshop held in Baiona, Spain on 15-16 November 2007. This training is intended specifically for customers who already have the basic skills for operating SeaSondes and would like to learn more of the powerful system and data diagnostic tools CODAR engineers use. Course topics include: Advanced scripting tools Software internal receiver diagnostics Spectrum analyzer tool Analysis of pre-spectra data (analog and range data monitors) Interference characterization Advanced antenna pattern analysis Baiona is a beautiful medieval town set along Vigo Bay on the west coast of Spain. The training classroom will be inside the Parador de Baiona, a medieval walled fort on the waterfront in downtown Baiona, with field training taking place at the nearby Long-Range SeaSonde installation on Cabo Silleiro. There is no registration fee for the workshop but attendees will be responsible for their own travel, room and board expenses. A special room rate is available at the Parador if attendees book by 30 September. Other hotels are available within walking distance to the Parador. Getting to Baiona: Baiona is approximately 30 km from Vigo-Peinador airport which is served by Air Europa, Air France, Iberia Airlines, ClickAir and Spanair. CODAR will arrange some airport pickups from Vigo-Peinador airport. Other airport possibilities are Santiago de Compostela (116 km to the North) and Porto, Portugal (160 km to the South)--ground transportation to/from these airports need be handled by attendees themselves.
  • Overcoming the Threat of Low Cost Carriers

    Overcoming the Threat of Low Cost Carriers

    Overcoming the threat of low cost carriers: The effects of partnerships and imitation Iberia airline business case Anuroopa Kataria (6126391) Universiteit van Amsterdam MSc Business Studies - Strategy track Supervisor: Drs. J.G. de Wit 11 July 2014 Abstract As a response to the increasing threat of low cost rivals on short haul markets that jeopardize the hub & spoke system, full service airlines attempted to capture this threat by forming partnerships with these competitors or imitating them. The implemented strategies are aimed at lowering the high cost structure of full service airlines for short haul operations, to similar cost structures of the low cost rivals. Simultaneously, full service airlines are required to maintain the connectivity of their hub & spoke system as part of their competitive position. The aim of this study is therefore to examine the actual effectiveness of strategies of partnership and imitation regarding cost reduction and connectivity by analysing Iberia airline that implemented the dual strategic action of imitation and acquisition. The airline formed a partnership by acquiring low cost airline Vueling and applied the strategy of imitation by developing low cost subsidiary Iberia Express. The analysis is based on Iberia’s annual reports, OAG data of Iberia’s route schedule and reports of CAPA. The results indicate that subsidiary Iberia Express indeed contributes to a lower cost structure on the short haul operations of Iberia as well as improved connectivity for Iberia’s network system. Vueling on the other hand, expands Iberia’s network with an intra-European network on hub Barcelona. The operations do not interfere with the hub & spoke system of Iberia in Madrid, so Vueling does not affect the connectivity of Iberia’s hub & spoke system.
  • The Economics of Airline Financial Performance and Wider Economic Benefits

    The Economics of Airline Financial Performance and Wider Economic Benefits

    The economics of airline financial performance and wider economic benefits 6th April 2018, Paris Brian Pearce, Chief Economist, IATA www.iata.org/economics Outline • Why is the airline industry suddenly profitable? • After decades of investor capital destruction • Is the change widespread? • Have the underlying economics of the industry changed? • Why is the emergence of protectionism such a threat? • How does air transport bring economic benefit? • Users • Wider economic benefits • Come from the people, goods, capital and ideas we carry between cities • Rather than the jobs required to run the service (with some exceptions) Airlines have suddenly become profitable (for their equity investors) Return on capital invested in airlines and their cost of capital 12.0 Return on capital 10.0 (ROIC) 8.0 6.0 Cost of capital (WACC) % of invested capital % of invested 4.0 2.0 0.0 1993 1995 1997 1999 2001 2003 2005 2007 2009 2011 2013 2015 2017 Source: IATA Economics using data from McKinsey, The Airlines Analyst, IATA forecasts After decades of investor value destruction Difference between investing in airlines and investing in similar assets elsewhere 30 20 10 0 US$ US$ billion -10 -20 -30 -40 1993 1995 1997 1999 2001 2003 2005 2007 2009 2011 2013 2015 2017 Source: IATA Economics using data from McKinsey, The Airlines Analyst, IATA forecasts And widespread airline failures European LCCs Iceland Express Air Finland Flying Finn snowflake Norwegian Planet Nordic Thomsonfly airlink flyglobespan Ryanair nexus FlyMe Jet2 AerArann flyforbeans.com Viking GetJet mytravellite Aerlingus Monarch SterlingCimber jetmagic Kiss duo easyJet Go Maersk Air flybe Debonair buzz Transavia airberlin SkyExpress Air Wales Hamburg airlines EUjet Basiqair VBIRD centralwings Eurowings VirginExpress Air polonia HLX flywest Smart Wings flyeco LTU Germania dba Skyeurope WIZZ Aeris Helvetic flybaboo AirclickairTurquoise Volotea air lib express vueling myair Clickair Volareweb Pegasus fly gibraltar Atlas-blue WindJet Failed Survived Source: HSBC report – early 2014 situation.