DOCSLIB.ORG

EFG Hermes Securities Brokerage Conference Title: Jazeera 3Q19

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
EFG Hermes Securities Brokerage Conference Title: Jazeera 3Q19 EFG Hermes Securities Brokerage – Jazeera 3Q19 Results Conference Call Company: EFG Hermes Securities Brokerage Conference Title: Jazeera 3Q19 Results Conference Call Moderator: Hatem Alaa Date: Tuesday, 5th November 2019 Conference Time: 16:00 (UTC+03:00) Operator: Good day, and welcome to the Jazeera Airways’ Third Quarter 2019 Conference Call. Today’s conference is being recorded. At this time, I would like to turn the conference over to Hatem Alaa. Sir, please go ahead. Hatem Alaa: Hello everyone. This is Hatem Alaa from EFG Hermes. And welcome to Jazeera Airways’ 3Q 2019 Results Conference Call. I’m pleased to have on the call today Jazeera’s CEO, Rohit Ramachandran, and the company’s CFO, Krishnan Balakrishnan. I’ll now hand over the call to Rohit for a quick presentation that will be followed by a Q&A session. Rohit, please go ahead. Rohit Ramachandran: Thank you very much, Hatem. Good afternoon, everyone. It really gives me great pleasure to welcome you once again to the Jazeera Airways earnings conference call for the third quarter. I’m sure that by now you would’ve read our preliminary results published after the Board meeting yesterday, posting the strongest third quarter and nine months results ever in the company’s history, even when comparing it with the time when we used to have the aircraft leasing business many years ago. We look at this as a very positive sign that we are strategically headed in the right direction, and see it as an encouragement to continue our business development activities. As you are familiar by now, we will go through the coming slides in order to dig deeper into the details of our Page | 1 Ref 6975985 05.11.2019 EFG Hermes Securities Brokerage – Jazeera 3Q19 Results Conference Call operational and financial performance, as well as the outlook for the third quarter – fourth quarter of the year. And also shed some light on some of the interesting initiatives that we are working on. So, I suggest that you can open the presentation that was uploaded to our website a little while ago. And I will jump directly into slide #7. The airline posted yet another quarter of growth in this year. The number of passengers that we carried was up by 14% over an already strong third quarter of last year. This was driven by a slight increase in our load factors and an addition of two aircraft to our fleet during the summer season. Utilization of our aircraft remained practically the same during the year with a marginal 2% drop to 14.5 hours, which is still industry leading. Further, the third quarter yields also saw a decent increase of 5%, standing at almost KWD49 up from KWD46.5 in the same comparable period last year. We continue to keep a close eye on external factors affecting yield movement, while maintaining an internal focus on this critical KPI. In the next slide, as a result of these operational achievements, Jazeera revenue for the period came in at KWD35.5 million, up from KWD29.2 million in the comparable quarter, reflecting a growth of 21%, while operating profit soared to 38% at KWD10.5 million. Net profit reported for the third quarter is KWD9.9 million, the highest ever in the history of the company. These earnings come as an outcome of our relentless analysis of the regional aviation ecosystem and a continuous, almost fanatical focus, on implementing our cost control mechanisms and expansion plans, which combined, gradually positively impacting our financial results. In the next slide, you will see that our e-commerce and ancillary revenue are also showing healthy signs of growth as we continue to modify our offering in order to better interact with the needs of our customers. Page | 2 Ref 6975985 05.11.2019 EFG Hermes Securities Brokerage – Jazeera 3Q19 Results Conference Call Moving onto the nine months operational highlights in the next slide. Jazeera – the number of passengers that we carried for the year increased by 18% to stand at 1.8 million compared to 1.5 million last year, while also driving up our load factors by 2% during the first nine months of the year, to register at 78%. Utilization is also up 1%, while yields increased by significant 7.3%. So, the next slide, these operational achievements were translated into a strong financial performance with a 30% increase in revenue at KWD83 million versus KWD64 million during the first nine months. In the absence of any one-offs or any unfavorable events, you will recall that we had a couple of one-offs last year. This year we did not have any. This means that Jazeera’s operating profit increased by 91% to KWD17 million, while net profit jumped by 90% to KWD16 million against KWD8.5 million in the comparable period last year. Once again, this marks the highest nine months net profit in the history of the company. Similarly, we also managed to grow our ancillary revenue by 32% during the first nine months of the year. Moving onto slide 14. We’d like to cover some of the recent operational highlights. We are proud to announce that we started flying to London Gatwick on October 27th to become the first low-cost airline from the GCC to ever land into London. Initially, we started a four-times-a-week service and that will be ramped up to a daily service in December. Further, as we take delivery of new aircraft, we are also announcing the launch of several new routes, one of which is to Osh in Kyrgyzstan. Now, I will cover some of the new routes as we move into the next slides. But Osh, in particular, is interesting because it is currently unserved to the Middle East and Kyrgyzstan is an Islamic country. And with this service, we are able to cater to a large number of them who want to travel for the Umrah and Hajj pilgrimage. In fact, we have operators who were already contracted 75% Page | 3 Ref 6975985 05.11.2019 EFG Hermes Securities Brokerage – Jazeera 3Q19 Results Conference Call of our flights. We’re also planning to start, during this quarter, Karachi and Kathmandu, both of which I will cover in slightly greater detail later in the presentation. One of the focus during the year was to regain our preeminent position with respect to on-time performance. I’m very happy to announce that in addition to the financial results, our on-time performance during the third quarter and the very important summer period made a remarkable recovery and now, we are in the 90% range. This was achieved by the addition of one more gate in our Jazeera Terminal T5, and also supported by the two new aircraft that joined the fleet during the high season. Further, we also are developing new sales ventures, including a new Jazeera holiday service in partnership with one of the large travel companies in the Gulf. Going to slide 15, you will see that our market share on almost all the destinations that we serve remains strong, especially when focusing on the destinations that were launched since the beginning of last year, as Jazeera gradually becomes a key player on these routes and passengers become more familiar with our brand. In slide 16, we highlight the evolution and the composition of our network as we increase our operation into Eastern Europe or the CIS and the Indian subcontinent. In the latter, we continue to carry more passengers to and from our six operating destinations in the subcontinent and this will be complemented with the new routes in the coming days. Year-to-date, we witnessed growth in the number of passengers to all destinations that we operate to. However, of course, the composition of the total figure in this pie chart will continue to be altered as we launch more and more new destinations. Page | 4 Ref 6975985 05.11.2019 EFG Hermes Securities Brokerage – Jazeera 3Q19 Results Conference Call Let's now move onto some information about our Jazeera Terminal T5. I’m glad to announce that T5 reported a third quarter of profit since the opening, registering an EBITDA of KWD632,000 and a net profit of KWD418,000 in the third quarter of 2019. For second half of the year, we’re seeing some positive dynamics as we now have managed to receive all the required licensing, which means that we are now able to collect rent from all the units that have already been leased on both the land sites and air sites. All 1.8 million Jazeera passengers flew through T5 during the year, which is encouraging, significant improvements in retail offering. In the meantime, other revenue streams such as lounges, parking and concessions and now – are now either fully operational or in the last stages of being implemented. A word about our outlook for the rest of the year. Looking into the fourth quarter, we have strategically opted to increase the number of destinations that we start in this quarter as we gradually received additions to our fleet. We already welcomed one of the three brand new A320neos that were scheduled for delivery in the fourth quarter, which came in on October 18th, which is last month. And this was the aircraft nine days later that flew to London. Further, the new deliveries, along with the existing fleet, will be used to start operations to seven other destinations, bringing the total number of destinations launched in 2019 to nine after taking Bodrum into account.
Load more

Recommended publications
  • 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]
  • Kuwait Passenger Airline Industry
    July 2010 Industry Research Kuwait Passenger Airline Industry Summary Report Contents Middle East is emerging as a major aviation force driven by the regions Summary strong economic growth, ambitious expansion plans, and favorable Middle East Aviation Industry demographics. The majority population in the Middle East, particularly in the Gulf region is non-nationals, which form a sizeable travelling Kuwait Airline Industry population, primarily to their countries of origin. This is further supported Kuwait airways privatization by a rising younger population with high disposable income. The financial Airline Operators in Kuwait crisis has negatively affected the economies of the GCC region, despite Kuwait Airways that the aviation sector maintained a healthy growth. The GCC countries Wataniya Airways are highly reliant on the oil sector and hence face major challenges in Jazeera Airways diversifying the economy. The governments are focusing on real estate, Conclusion trade, tourism etc to diversify. List of related research The lack of railway network in the GCC region, a vibrant young population, liberalization of aviation sector, and rising disposable income Appendix has contributed to the robust growth in air traffic leading to the development of airports, expansion of fleet capacity and entrance of new operators. The region’s aviation sector has also been greatly helped by Analyst the global market liberalization, which were previously limited by Jyoti Prakash Singh restrictive controls. The major airlines in the region benefits from Associate Manager geographical location, young aircraft fleet, and low operating cost. Most j.singh @capstandards.com of the airlines focus is on high quality and timeliness at reasonable prices.
    [Show full text]
  • Jazeera Airways Fourth Quarter 2019 Results Conference Call Arqaam
    Operator: Ladies and gentlemen, welcome to Jazeera Airways' Fourth Quarter 2019 Results Conference Call. Throughout the call, all participants are in a listen-only mode. Afterwards, there will be a question and answer session. I now pass the floor to your speaker, Mr. Sidharth Saboo. Sir, please go ahead. Sidharth Saboo: Thank you. Hello, everyone. Thank you for joining us today. This is Sidharth Saboo. On behalf of Arqaam Capital, I'm delighted to welcome you to Jazeera Airways' Full Year 2019 Results Conference Call. I have with me here today, Mr. Rohit Ramachandran, CEO of Jazeera Airways and Mr. Krishnan Balakrishnan, company's CFO. With no further delay, I'll now turn over the call to Mr. Rohit. Rohit Ramachandran: Thank you very much Sidharth. Good afternoon, everyone. It gives me great pleasure once again to welcome you to the Jazeera Airways earnings conference call for the closing of the fiscal year 2019. Our audited financials were released yesterday, along with the resolution of the board of directors meeting that also took place. I'm delighted to welcome you to our call today to discuss a record year for Jazeera Airways in which the company saw its highest ever operating revenue as well as profit. We continue to see this as a very positive sign that we are heading in the right direction and the market we operate in represented by key stake holders are rewarding us for the strategy that we are pursuing. In the coming one hour, we will follow the by now familiar format along the coming slides in order to dig deeper into the details of our operational and financial performance as well as look at our outlook for 2020 and the several interesting initiatives that are now giving us the results that we had forecasted.
    [Show full text]
  • 356 Partners Found. Check If Available in Your Market
    367 partners found. Check if available in your market. Please always use Quick Check on www.hahnair.com/quickcheck prior to ticketing P4 Air Peace BG Biman Bangladesh Airl… T3 Eastern Airways 7C Jeju Air HR-169 HC Air Senegal NT Binter Canarias MS Egypt Air JQ Jetstar Airways A3 Aegean Airlines JU Air Serbia 0B Blue Air LY EL AL Israel Airlines 3K Jetstar Asia EI Aer Lingus HM Air Seychelles BV Blue Panorama Airlines EK Emirates GK Jetstar Japan AR Aerolineas Argentinas VT Air Tahiti OB Boliviana de Aviación E7 Equaflight BL Jetstar Pacific Airlines VW Aeromar TN Air Tahiti Nui TF Braathens Regional Av… ET Ethiopian Airlines 3J Jubba Airways AM Aeromexico NF Air Vanuatu 1X Branson AirExpress EY Etihad Airways HO Juneyao Airlines AW Africa World Airlines UM Air Zimbabwe SN Brussels Airlines 9F Eurostar RQ Kam Air 8U Afriqiyah Airways SB Aircalin FB Bulgaria Air BR EVA Air KQ Kenya Airways AH Air Algerie TL Airnorth VR Cabo Verde Airlines FN fastjet KE Korean Air 3S Air Antilles AS Alaska Airlines MO Calm Air FJ Fiji Airways KU Kuwait Airways KC Air Astana AZ Alitalia QC Camair-Co AY Finnair B0 La Compagnie UU Air Austral NH All Nippon Airways KR Cambodia Airways FZ flydubai LQ Lanmei Airlines BT Air Baltic Corporation Z8 Amaszonas K6 Cambodia Angkor Air XY flynas QV Lao Airlines KF Air Belgium Z7 Amaszonas Uruguay 9K Cape Air 5F FlyOne LA LATAM Airlines BP Air Botswana IZ Arkia Israel Airlines BW Caribbean Airlines FA FlySafair JJ LATAM Airlines Brasil 2J Air Burkina OZ Asiana Airlines KA Cathay Dragon GA Garuda Indonesia XL LATAM Airlines
    [Show full text]
  • The History and Development of Aviation in the State of Kuwait
    The International Journal of Engineering and Science (IJES) || Volume || 6 || Issue || 4 || Pages || PP 14-20 || 2017 || ISSN (e): 2319 – 1813 ISSN (p): 2319 – 1805 The History and Development of Aviation in the State of Kuwait Fadala Hassan Alfadala Higher Institute of Telecommunication and Navigation State of Kuwait I. INTRODUCTION The aviation industry today is a growing industry but is faced with many challenges that entail “rough decisions, forcing them to ground planes, pare fleets, consolidate routes, and cut staff” (“2011 Global Aerospace Outlook,” 2011). As a result, airline companies try to survive by having leaner organizations that aspire for efficiency; they aim for competitiveness and yet work on reducing costs in all possible ways. They are bombarded with issues such as increasing or fluctuating fuel prices which affect their profit margins; there are also companies that approach challenges with a “wait and see” attitude as they await what will happen and how they will perform as situations happen; but there also those that are confronted by emerging developments that challenge them to increase their fleets, number of routes and seat capacities; they are also pressed with the need to find other lucrative businesses to augment future profitability like charging fees for checked bags, food or in-flight entertainment; they may also offer operating leases as fleet financing opportunity for many airlines. Being part of the aviation industry also requires aviation companies to keep abreast of what is new in the global aviation market. Although it is a promising market having steady growth and development, there is a growing need to continually upgrade or innovate to make the industry lucrative in a global scale.
    [Show full text]
  • 2019 Corporate Presentation
    Corporate Presentation 2019 Disclaimer The content and information of this document is only intended to provide users with financial and operational information about Jazeera Airways. No warrant or representation is made by Jazeera Airways for the contents of this document and in no way is the material provided in it intended to solicit an investment in the company. Any investments made by the users of this document are made based on their own discretion and analysis and the final decision and responsibility for investments rests solely with the user of this document and its content. Specific content of this document is provided by third parties. Despite doing its best efforts, Jazeera Airways does not guarantee in any way the accuracy or completeness of the data provided by these third parties and cannot be held responsible for the use of information provided in these sections. While Jazeera Airways makes all reasonable efforts to make certain that all information on this document is true, accuracy cannot be guaranteed and the company does not undertake any responsibility for the correctness of the information contained in it and its contents. Jazeera Airways as well is not to be held legally responsible under any circumstances for any damages resulting from data falsification by third parties, data download or any other use of the content provided on this document. Certain sections or material provided on this document e might contain forward-looking forecast or statements. Such statements do not guarantee the future financial or operational performance of the company. Furthermore, these statements involve a high degree of uncertainty risks that could cause actual results to be materially at variance from those proposed in the forward-looking statements.
    [Show full text]
  • 1. Introduction This Operational Readiness Test Guide Outlines the Scope, Procedures and Schedule of Activities for the Operatio
    1. Introduction This Operational Readiness Test Guide outlines the scope, procedures and schedule of activities for the Operational Testing of New FPLs associated with Amendment 1 to PANS-ATM. The “Operational Readiness Test” for the new ICAO FPL 2012 Format (FPL) and its associated messages (DLA, CNL, CHG) will take place on October 23rd between 08:00 UTC and 12:00 UTC. Note: Early filing of the flight plans is permissible. 2. Scope The testing activities described in this document are intended to address the flight planning changes introduced as a result of Amendment 1 to PANS-ATM, ICAO Doc 4444. This document describes only the testing activities involving airspace users. 3. Co-ordination Overall co-ordination of 2012 testing activities will be achieved via the ICAO secretariat of the INFPL STG. All testing results and experience will be shared with the INFPL STG participants. 4. Documentation There are five main reference documents for testing purposes: ICAO FITS website http://www2.icao.int/en/FITS/Pages/home.aspx ICAO SL 13/2.1-08/50 and SL AN 13/2.1-09/09 MID Test Scripts ICAO EUR Guidance for the provision of NAV/COM/SUR Information in the New Flight Plan IATA Information Paper on 2012 FPL These documents are available on the ICAO web-page http://www.icao.int/mid/pages/default.aspx. 5. Objectives a) Demonstrate the new software functionality; b) Enable the new functionality to be tested; c) Enable familiarization of ATCO/Pilots with the new functionality. d) Demonstrate the ability of ATC Units to correctly identify and validate New format flight plan and associated messages; e) Demonstrate the ability of flight plan originators to create New format flight plan and associated messages; MID INFPL TEST Version 3 1 6.
    [Show full text]
  • FY20 Earnings Conference Call February 23, 2021 Starting Shortly… Disclaimer
    FY20 Earnings Conference Call February 23, 2021 Starting Shortly… Disclaimer The content and information of this document is only intended to provide users with financial and operational information about Jazeera Airways. No warrant or representation is made by Jazeera Airways for the contents of this document and in no way is the material provided in it intended to solicit an investment in the company. Any investments made by the users of this document are made based on their own discretion and analysis and the final decision and responsibility for investments rests solely with the user of this document and its content. Specific content of this document is provided by third parties. Despite doing its best efforts, Jazeera Airways does not guarantee in any way the accuracy or completeness of the data provided by these third parties and cannot be held responsible for the use of information provided in these sections. While Jazeera Airways makes all reasonable efforts to make certain that all information on this document is true, accuracy cannot be guaranteed and the company does not undertake any responsibility for the correctness of the information contained in it and its contents. Jazeera Airways as well is not to be held legally responsible under any circumstances for any damages resulting from data falsification by third parties, data download or any other use of the content provided on this document. Certain sections or material provided on this document e might contain forward-looking forecast or statements. Such statements do not guarantee the future financial or operational performance of the company. Furthermore, these statements involve a high degree of uncertainty risks that could cause actual results to be materially at variance from those proposed in the forward-looking statements.
    [Show full text]
  • Jazeera Airways Q3 2018 Call Moderator: Hatem Alaa Date: Wednesday, 07Th November 2018 Conference Time: 14:00 (UTC+03:00)
    EFG Hermes Holding SAE - Jazeera Airways Q3 2018 Call Company: EFG Hermes Holding SAE Conference Title: Jazeera Airways Q3 2018 Call Moderator: Hatem Alaa Date: Wednesday, 07th November 2018 Conference Time: 14:00 (UTC+03:00) Operator: Good day, and welcome to the Jazeera Airways’ Third Quarter 2018 Conference Call. Today’s conference is being recorded. At this time, I would like to turn the conference over to Hatem Alaa. Please go ahead sir. Hatem Alaa: Hello everyone. This is Hatem Alaa from EFG Hermes. And welcome to Jazeera Airways 3Q 2018 Results Conference Call. I’m pleased to have on the call today, Rohit Ramachandran, the Company’s CEO; and Krishnan Balakrishnan, the Company’s VP for Finance. I’ll now hand over the call to the management for a quick presentation on the results. That will be followed by Q&A session. Gentlemen, please go ahead. Rohit Ramachandran: Thank you, Hatem, and good afternoon, everyone. It gives me great pleasure to welcome you all to Jazeera Airways webcast for the third quarter and the first nine months of 2018. Today, we are slightly changing the format of the call compared to earlier webcasts. I would like to thank EFG Hermes for hosting this call. I hope most of you have had a chance to review the earnings presentation that was uploaded a little earlier. In case, you haven’t, I would like to direct you to the Investor Relations section of our website and quickly download it. We can go along the presentation together slide-by-slide, and, thereafter, would be happy to take your questions.
    [Show full text]
  • Growth Opportunities from a Stable Business
    flights, and subsequently increasing seat choosing connecting flights to fly on our direct our daily flights frequency to both Jeddah and 2018 ANNUAL REPORT GROWTH OPPORTUNITIES with the launch of flights to Medinah in the FROM A STABLE BUSINESS region, we launched flights to Tbilisi, Georgia, connecting traffic has increased from 3% in 2017 Expanding our fleet, investing in efficiency number of passengers flying directly from Kuwait aircraft in 2018, one of which is the first Airbus The first of four A320neo aircraft committed, our flying radius from Kuwait up to 6.5 hours. In 2019, we will commence flights to London of our strategy to invest in efficiency as part of Upholding our social responsibility at Kuwait International Airport is a significant a fast and efficient travel experience with design to ease the flow of passengers, retail was heavily affected by floods. We have taken it importantly, a quick and simple 90-meter journey Expanding our services, increasing revenue from ancillary sources Screens in-flight entertainment system and seat In 2019, we plan to launch new routes to London, Maintaining industry standards of operations our high standards of operational efficiency, December 2018, Jazeera Airways was recertified flights, and subsequently increasing seat choosing connecting flights to fly on our direct We're Kuwait's leading low-cost airline, operating regionally and internationally our daily flights frequency to both Jeddah and from our newly inaugurated Jazeera Terminal (T5) at Kuwait International Airport. with the launch of flights to Medinah
    [Show full text]
  • Jazeera Airways
    FY19 Earnings Conference Call February 12, 2020 We celebrated our first anniversary operating out of the Jazeera Terminal 5 at Kuwait International Airport. FY19 Earnings Conference Call Starting Shortly… Disclaimer The content and information of this document is only intended to provide users with financial and operational information about Jazeera Airways. No warrant or representation is made by Jazeera Airways for the contents of this document and in no way is the material provided in it intended to solicit an investment in the company. Any investments made by the users of this document are made based on their own discretion and analysis and the final decision and responsibility for investments rests solely with the user of this document and its content. Specific content of this document is provided by third parties. Despite doing its best efforts, Jazeera Airways does not guarantee in any way the accuracy or completeness of the data provided by these third parties and cannot be held responsible for the use of information provided in these sections. While Jazeera Airways makes all reasonable efforts to make certain that all information on this document is true, accuracy cannot be guaranteed and the company does not undertake any responsibility for the correctness of the information contained in it and its contents. Jazeera Airways as well is not to be held legally responsible under any circumstances for any damages resulting from data falsification by third parties, data download or any other use of the content provided on this document. Certain sections or material provided on this document e might contain forward-looking forecast or statements.
    [Show full text]
  • Monthly OTP January 2019
    Monthly OTP January 2019 ON-TIME PERFORMANCE AIRLINES Contents On-Time is percentage of flights that depart or arrive within 15 minutes of schedule. Global OTP rankings are only assigned to all Airlines/Airports where OAG has status coverage for at least 80% of the scheduled flights. Regional Airlines Status coverage will only be based on actual gate times rather than estimated times. This may result in some airlines / airports being excluded from this report. If you would like to review your flight status feed with OAG pleas [email protected] MAKE SMARTER MOVES Airline Monthly OTP – January 2019 Page 1 of 1 Home GLOBAL AIRLINES – TOP 50 AND BOTTOM 50 TOP AIRLINE ON-TIME FLIGHTS On-time performance BOTTOM AIRLINE ON-TIME FLIGHTS On-time performance Airline Arrivals Rank No. flights Size Airline Arrivals Rank No. flights Size FA Safair 94.5% 1 2,028 176 3H Air Inuit 33.2% 153 1,488 205 7G Star Flyer 94.5% 2 2,046 174 VC ViaAir 43.0% 152 155 321 NT Binter Canarias 92.8% 3 4,990 105 WG Sunwing Airlines Inc. 43.3% 151 2,876 141 GA Garuda Indonesia 92.0% 4 15,226 41 5J Cebu Pacific Air 45.7% 150 9,305 71 BC Skymark Airlines 91.7% 5 4,614 111 AI Air India 50.2% 149 17,165 34 CM Copa Airlines 91.5% 6 11,123 55 RS Air Seoul, Inc 52.9% 148 1,092 226 JH Fuji Dream Airlines 90.7% 7 2,170 169 WO Swoop 53.1% 147 742 253 B7 Uni Airways 90.6% 8 4,108 120 4N Air North 54.4% 146 416 279 IB Iberia 90.0% 9 16,745 36 Z2 Philippines AirAsia Inc.
    [Show full text]