DOCSLIB.ORG

Aviation Strategy Issue #196, May 2014

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Aviation Strategy Issue #196, May 2014 Issue no. 196 May 2014 airberlin: an airline in search This issue includes of a strategy Page a company menons the words “going concern” more airberlin: re-engineering 1 than once in its annual report, it usually a lile concerning. W The fact that airberlin, Germany’s second largest airline, felt India’s LCCs struggle through the need to use the phrase a dozen mes in its 2013 report (twice as tough mes 6 many as in the previous year), without even once menoning its aircra Indigo ........... 8 order backlog, may perhaps suggest that it has become necessary for SpiceJet .......... 9 the directors to convince themselves and the auditors of the fact. GoAir ............ 10 The company’s annual report 2014 do not make much beer read- Air India Express ...... 11 does not make pleasant reading. In ing – although to be fair this is the JetConnect ........ 12 the year to end December capacity weakest period of the year and this fell by 5% as planned but passenger year the period did not include Easter. Gol’s raonalisaon and numbers declined by 5.5% to 32m. The number of passengers fell by 1% revenue management Revenues dropped by nearly 4% (with but capacity had grown by 4%; the efforts pay off 13 a 5% decline in cket sales) to €4.2bn load factor fell by 4 points to 82%. while published operang results Published operang losses improved slumped to a loss of €232m, against a slightly to €182m, which prompted profit of €70m in the previous year. the company again to state that its The latest cost saving programme Turbine programme is working (the enues down by 4% (and cket sales (under the soubriquet “Turbine”) is aim is to generate a cumulave re- were down 5%). Net losses swung in said to have generated over €200m ducon in running costs of €400m at €210m compared with €196m in in cost savings, but the underlying by the end of 2014). Unit costs fell the prior year period. As a result the EBITDAR margin slipped 2 basis by 8% but yields were down 4% and negave equity on the balance sheet points to an unsustainable 9% – the unit revenues by 8% giving total rev- worsened to just short of €400m. lowest level since 2003. Moreover, the €232m loss is stated aer non-recurring excep- Air Berlin plc Financial Performance 5,000 200 onal income of €60m, relang to Costs profits on asset sales and indemnies 4,000 100 (in the previous year the company Revenues had recorded a profit on the sale of 70% of its frequent flyer plan to 3,000 0 €m Ehad). €m Reported net losses came in at 2,000 -100 €316m compared with a reported €7m profit in 2012. On the balance 1,000 EBIT -200 sheet the company reported negave equity of €186m and a cash posion 0 -300 of only €223m, a paltry 5% of annual 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014E2015E2016E revenues. The results for the first quarter of Source: Company reports, AS analysis Published by Aviation Strategy Ltd Aviation Strategy Air Berlin plc Share Price ISSN 2041-4021 (Online) 22 This newsleer is published ten mes a year 20 by Aviaon Strategy Limited Jan/Feb and 18 Jul/Aug usually appear as combined issues. 16 Our editorial policy is to analyse and cover contemporary aviaon issues and airline 14 strategies in a clear, original and objec- 12 ve manner. Aviaon Strategy does not € shy away from crical analysis, and takes a 10 globalperspecve–withbalancedcoverage 8 of the European, American and Asian mar- 6 kets. 4 Publisher: 2 0 Keith McMullan 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 James Halstead At the same me as the publi- the perpetual bond can be treated as Editorial Team caon of the annual results (delayed equity on the balance sheet and thus Keith McMullan a month as the company no doubt can be seen to offset the exisng neg- [email protected] debated the queson of whether it ave equity. The conversion terms on James Halstead was a “going concern”) airberlin an- the bond (at the equivalent of €1.79 [email protected] nounced an emergency recapitalisa- a share) would potenally give Ehad Heini Nuunen on. Major shareholder Ehad had a 70% stake in the company – well [email protected] Nick Moreno agreed to inject a further €300m in above the 49% limit for non-EU na- [email protected] the form of a perpetual payment-in- onals. kind converble bond and extend its The company recognises that the Tel: +44(0)207-490-4453 Fax: +44(0)207-504-8298 exisng shareholder loan of $255m Turbine programme is not going far (ofwhichlessthan$100mdrawn,and enough and has created a new po- Subscriptions: due to expire in 2016) by five years. sion on the management board of In addion, the company announced a Chief Restructuring Officer to pur- [email protected] the issuance of a new €250m se- sue a new restructuring programme, Copyright: nior bond (€100m of which is to re- while stang that Ehad would “fur- ©2014. All rights reserved deem exisng debt). Because of the ther support airberlin and help the peculiaries of accounng standards, business restructure and return to Aviaon Strategy Ltd Registered No: 8511732 (England) Registered Office: airberlin Group Fleet 137-149 Goswell Rd 180 757/767 London EC1V 7ET F100 5 7 160 10 10 VAT No: GB 162 7100 38 7 ISSN 2041-4021 (Online) 737Classic 10 13 14 10 140 7 E190 13 14 The opinions expressed in this publicaon 2 3 10 Q400 120 10 donotnecessarilyreflecttheopinionsofthe 13 14 A330 12 3 65 68 100 3 editors, publisher or contributors. Every ef- 64 57 fort is made to ensure that the informaon 46 737NG 80 17 51 contained in this publicaon is accurate, but 47 no legal reponsibility is accepted for any er- 60 2 rors or omissions. The contents of this pub- 41 10 40 licaon, either in whole or in part, may not 76 71 67 56 60 63 A320 be copied, stored or reproduced in any for- 20 15 42 mat, printed or electronic form, without the 15 wrien consent of the publisher. 0 2006 2007 2008 2009 2010 2011 2012 2013 2 www.aviationstrategy.aero May 2014 airberlin Capacity, demand and load factors hubs in Europe are somewhat ques- 90 90% onable – and had a burgeoning do- Load Factor 80 mesc and intra-European City Shut- tle service. 70 80% In quick succession it acquired 60 dba, to become the second largest 50 ASK 70% German scheduled carrier and a contender to Luhansa, and 40 RPK Düsseldorf-based LTU, a charter 30 carrier with an extensive long-haul 20 operaon (both acquired airlines 10 were financiallly very weak), hoping to become a grown-up intercon- 0 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 nental player and described itself as a hybrid scheduled and leisure carrier. sustainable profitability”. Ehad has scheduled operaons. When it came By 2008 it had grown to carry 30m apparently placed two execuves in to the markets in its IPO in 2006 it passengers a year and had plans to the business (James Hogan, CEO of sold itself on the basis of being a low connue to grow strongly. Ehad and his CFO already sit as non- cost carrier (that being the flavour of Since then growth has faltered. execuve directors on the board) and the month). At the me half of its The number of aircra in the fleet hired a management consultancy to services were sll on charter oper- reached a peak in 2010 at 169 units “re-engineer airberlin”. aons from German regions to the and has since fallen to 140. The num- Hogan is nothing if not consis- short haul leisure desnaons in the ber of passengers carried peaked in tent – exactly the same strategy is Mediterranean. It had built a hub op- 2011 at 35m 11% higher than in 2013. being applied to similar crises at Jet eraon in Palma to funnel demand Total capacity in ASK in 2013 was 1% Airways, Ehad’s Indian investment – from the disparate German regions higher than five years ago, although it see page 12. onward to Spanish leisure desna- has been able to improve load factors Re-engineering necessary? ons – although short haul transfer by 6.5 points over the period and de- airberlin should be in a relavely airberlin Balance Sheet Analysis strong posion. It is the second largest carrier in Germany (the €m 2013 Q1 2014 Net bond issues Proforma largest outbound tourist market in Equity (186) (399) 300 (99) the world) and with 32m passengers Intangible Assets 416 414 414 carried a year the seventh largest Adj shareholders’ funds (602) (813) (513) airline in Europe. It is the largest Long term debt 784 860 150 1,010 operator in Berlin, Düsseldorf and Short term debt 235 214 214 Palma de Mallorca. It has seemed to Cash 223 273 450 723 have had a relavely cosy duopolisc Cash % revenues 5.4% 6.6% 17.4% relaonship in its key German speak- Net Debt 796 801 501 ing markets (Germany, Austria and Debt/CE 1.22 1.59 1.25 Switzerland) with Luhansa – which Debt/Adj CE 2.44 4.12 1.72 has been relavely happy to have Capitalised rentals 4,634 4,101 4,101 airberlin help keep out the European Debt†/CE 1.03 1.08 1.02 LCCs. Up to now however, its strategy Debt†/Adj CE 1.12 1.19 1.11 has appeared confused.
Load more

Recommended publications
  • The Performance of Domestic Airlines for the Year 2016
    Subject: Performance of domestic airlines for the year 2016. Traffic data submitted by various domestic airlines has been analysed for the month of September 2016. Following are the salient features: Passenger Growth Passengers carried by domestic airlines during Jan-Sept 2016 were 726.98 lakhs as against 590.21 lakhs during the corresponding period of previous year thereby registering a growth of 23.17 % (Ref Table 1). 800.00 726.98 Growth: YoY = + 23.17 % MoM = + 23.46% 700.00 8 % 590.21 600.00 500.00 400.00 2015 2016 300.00 200.00 Pax Lakhs) Carried(in Pax 82.30 100.00 66.66 0.00 YoY MoM Passenger Load Factor The passenger load factors of various scheduled domestic airlines in Sept 2016 are as follows (Ref Table 2): 100.0 93.2 93.5 89.4 90.0 86.0 83.3 82.8 82.1 82.1 81.7 79.9 79.0 78.9 77.7 77.7 77.5 75.6 80.0 73.72 72.7 70.8 69.2 65.57 70.0 64.48 60.0 50.0 40.0 30.0 Pax Pax FactorLoad (%) 20.0 10.0 0 0.0 0.0 Air Jet JetLite Spicejet Go Air IndiGo Air Air Asia Vistara Air Trujet Air India Airways Costa Pegasus Carnival Aug-16 Sep-16 1 The passenger load factor in the month of Sept 2016 has almost remained constant compared to previous month primarily due to the end of tourist season. Cancellations The overall cancellation rate of scheduled domestic airlines for the month of Sept 2016 has been 0.42 %.
    [Show full text]
  • Ministry of Civil Aviation I GROWTH in the SECTOR • 998.88 Lakhs
    Ministry of Civil Aviation I GROWTH IN THE SECTOR 998.88 lakhs passengers carried by domestic airlines during Jan- Dec 2016 as against 810.95 lakhs during the corresponding period of previous year ; a growth of 23.2% Highest growth rate in domestic market among major economies of the world at 23%; closest China (14%) Huge jump in no of Aircraft for scheduled ops: 395 operational as on 1.04.2014; orders for 674 new aircraft between 2014 & 2016 • Indigo - 400 • Go - 72 • Air India - 27 • Vistara - 20 • Spicejet- 155 II GROWTH IN THE SECTOR- AIRLINES Scheduled Air Operator’s permit to four operators since June 2014 – Air Vistara – Air Pegasus ( Regional) – Turbo Megha Airways ( Regional) – Air Carnival ( Regional) – Quick Jet Cargo Airline Ltd – Zoom Air Air India commenced operations to various international destinations in 2015-2016,: San Francisco, Vienna, Newark, Vienna Madrid etc. Further domestic flights were started from Bhatinda and Kanpur III AIRPORT DEVELOPMENT • AAI operationalized new terminals at Chandigarh, Tirupati and Khajuraho with an investment of Rs 1173 crores • Durgapur International Airport in West Bengal, with an investment of Rs. 750 crore operationalised on 18.5.2015 • New Integrated Terminal Building at Vadodra airport inaugurated on 22-10-2016 by Hon’ble Prime Minister • Foundation stone for development of airport at Mopa, Goa with an estimated cost of Rs. 3000 cr. laid by Hon’ble Prime Minister on 13.11.2016 • Foundation Stone laid for ugradation of Rajahmundry Airport by Hon’ble Chief Minister on 19.09.2016 • Tender for Navi Mumbai airport at an estimated cost of Rs.
    [Show full text]
  • Handbook on Civil Aviation Statistics
    HHAANNDDBBOOOOKK OONN CCIIVVIILL 2017-18 AAVVIIAATTIIOONN SSTTAATTIISSTTIICCSS a glimpse of aviation statistics….. DIRECTORATE GENERAL OF CIVIL AVIATION OVERVIEW Directorate General of Civil Aviation is the regulatory body governing the safety aspects of civil aviation in India. It is responsible for regulation of air transport services to/from/within India and for enforcement of civil air regulations, air safety and airworthiness standards. It also interfaces with all the regulatory functions of International Civil Aviation Organization. DGCA’s Vision Statement: “Endeavour to promote safe and efficient Air Transportation through regulation and proactive safety oversight system.” REGIONAL AND SUB-REGIONAL OFFICES OF DGCA. DGCA Head Quarters Western Region Northern Region Eastern Region Sothern Region Bengaluru Mumbai Delhi Kolkata Chennai RO RO RO RO RO Bhopal Lucknow Patna Hyderabad Kochi SRO SRO SRO SRO SRO Kanpur Bhubaneswar SRO SRO Patiala Guwahati SRO SRO RO: Regional office SRO: Sub-Regional office S DGCA has several directorates and divisions under its purview to carry out its functions. DIRECTORATE GENERAL OF CIVIL AVIATION AIR TRANSPORT LEGAL AFFAIRS STATE SAFETY PERSONNEL LICENSING PROGRAMME FLIGHT TRAINING AND INTERNATIONAL SPORTS COOPERATION INVESTIGATION AND AIRCRAFT CERTIFICATION PREVENTION CONTINUING SURVEILLANCE AND AIRWORTHINESS ENFORCEMENT INFORMATION AIRCRAFT OPERATIONS TECHNOLOGY AERODROMES AND ADMINISTRATION GROUND AIDS AIR NAVIGATION TRAINING SERVICES Sl. No. CONTENTS PAGE No. 1. PASSENGER TRAFFIC STATISTICS 1-5 2. CARGO TRAFFIC STATISTICS 6-7 3. AIRCRAFT STATISTICS 8-10 4. NSOP STATISTICS 11-12 5. OPERATING ECONOMICS STATISTICS 13-15 6. HUMAN RESOURCE STATISTICS 16-19 7. AIR SAFETY STATISTICS 20 8. OTHER AVIATION RELATED STATISTICS 21-24 PASSENGER TRAFFIC Air Passenger Traffic in India, both domestic and international witnessed a positive growth in the year 2017-18 compared to the previous year.
    [Show full text]
  • Corporate Buddha
    CORPORATE BUDDHA This case study is prepared by Team Think Tank Flight of the Phoenix The Indian Aviation Industry “Indian aviation market is the 9th largest in the world with size of US$ 16 Billion and has a potential to become the third largest by 2020 and largest by 2030.” Nobody would have predicted this in 1912, when the first air route between Delhi and Karachi was established. The first major development in the sector happened in 1953, when nationalization of Indian Airlines (IA) brought the domestic civil aviation sector under the purview of Indian Government. But government took the first major step in 1990, with its Open Sky policy and various other liberalization policies. In the year 2000, many private players started entering the Indian Aviation Industry, and it still is an attractive sector with great market potential and drivers, like: Foreign Direct Investments in domestic airlines Low Cost Carriers (LCC) Modern airports and a growing emphasis on No-Frills Airports (NFA) Cutting edge Information Technology (IT) interventions Despite all these initiatives most of the airlines operating in India are incurring losses. These losses are due to high operational cost, High cost of aviation turbine fuel, High service tax and other charges and Shortage of maintenance facilities. Present Scenario In the second quarter of 2015, domestic air passenger traffic surged by 19.2 per cent to 20.3 million from 17 million in the corresponding period a year ago. Total passenger carried in June 2015 increased at a rate of 13 per cent Y-o-Y to 8.8 million from 7.8 million in June 2014.
    [Show full text]
  • Vayu Issue IV July Aug 2015
    IV/ 2015 Aerospace & Defence Review Airline of the Preserving the (Aerial) Thunder Dragon Lifeline Airbus Innovation Paris Air Show 2015 Days 2015 St Petersburg Helicopters for India Maritime Show When you absolutely have to get there NOW Enemy aircraft in restricted airspace: ‘SCRAMBLE’ The EJ200 engine provides so much thrust that it can get the Typhoon from ‘brakes o ‘ to 40,000 feet in under 90 secs. When it matters most, the EJ200 delivers. The engine‘s advanced technology delivers pure power that can be relied on time and again. Want to make sure your next mission is a success? Choose the EJ200. The EJ200 and EUROJET: Making the di erence when it counts most Visit us at www.eurojet.de EJ_Ad_VAYU_215x280.indd 1 08/07/2015 15:34:46 IV/ 2015 IV/ 2015 Aerospace & Defence Review Airline of the “complete confidence” in the A400M Paris Air Show 2015 36 which was vigorously demonstrated in 75 Thunder Dragon flight at Le Bourget. Meanwhile, there are several new operators of the C295 medium transport aircraft and the A330 MRTT has also been selected by the Airline of the Preserving the (Aerial) Republic of Korea. Thunder Dragon Lifeline Airbus Innovation Paris Air Show 2015 Days 2015 St Petersburg Helicopters for India Maritime Show 58 A Huge Wish List Artist’s dramatic imaging of Drukair Airbus A319s in Bhutan (Painting by Priyanka Joshi) This Vayu on-the-spot report of the 51st Paris Air Show highlights the key events at Le Bourget in mid- EDITORIAL PANEL June, even though the ‘fizz’ seemed to have gone, with non-participation MANAGING EDITOR of some major firms and a subdued Vikramjit Singh Chopra air display.
    [Show full text]
  • Subject: Performance of Domestic Airlines for the Year 2015. Traffic
    Subject: Performance of domestic airlines for the year 2015. Traffic data submitted by various domestic airlines has been analysed for the month of May 2015. Following are the salient features: Passenger Growth Passengers carried by domestic airlines during Jan-May 2015 were 322.32 lakhs as against 267.22 lakhs during the corresponding period of previous year thereby registering a growth of 20.62 % (Ref Table 1). 350.00 322.32 Growth: YoY = + 20.62 % MoM = + 18.35 % 300.00 ) 267.22 s h k 250.00 a L n i 200.00 ( d 2014 e i r 150.00 r 2015 a C 100.00 x 71.27 a 60.22 P 50.00 0.00 YoY MoM Passenger Load Factor The passenger load factors of various scheduled domestic airlines in May 2015 are as follows (Ref Table 2): Apr-15 May-15 110.0 1 9 . 4 7 3 . 1 7 5 9 9 . 8 9 0 9 4 2 1 8 5 5 4 . 8 . 4 . 5 0 . 8 8 2 1 9 . 1 . 1 1 0 . 4 9 8 8 90.0 8 8 8 8 . 8 8 6 1 7 7 7 4 . 7 ) 3 7 1 . 7 7 % ( 6 r 70.0 o t c a F 50.0 d a o L 30.0 x a P 10.0 -10.0 Air India Jet JetLite Spicejet Go Air IndiGo Air Costa Air Asia Vistara Air Airways Pegasus 1 The passenger load factor in the month of May 2015 has shown increasing trend compared to previous month primarily due to the onset of tourist season.
    [Show full text]
  • Performance of Domestic Airlines for the Year 2015. Traffic Data
    Subject: Performance of domestic airlines for the year 2015. Traffic data submitted by various domestic airlines has been analysed for the month of December 2015. Following are the salient features: Passenger Growth Passengers carried by domestic airlines during Jan-Dec 2015 were 810.91 lakhs as against 673.83 lakhs during the corresponding period of previous year thereby registering a growth of 20.34% (Ref Table 1). 900.00 810.91 Growth: YoY = + 20.34 % 800.00 MoM = + 19.71% 673.83 700.00 600.00 500.00 2014 400.00 2015 300.00 Pax Carried (inLakhs) Pax 200.00 77.09 100.00 64.40 0.00 YoY MoM Passenger Load Factor The passenger load factors of various scheduled domestic airlines in Dec 2015 are as follows (Ref Table 2): Dec-15 Nov-15 92.1 100.0 90.7 88.5 87.1 86.7 86.5 83.9 83.8 83.5 83.0 83.0 82.7 82.7 82.2 81.7 80.6 79.7 79.2 78.1 78.0 77.6 80.0 72.2 60.0 40.0 Pax Load (%) Factor Load Pax 20.0 0.0 Air India Jet JetLite Spicejet Go Air IndiGo Air Costa Air Asia Vistara Air Trujet Airways Pegasus 1 The passenger load factor in the month of December 2015 has increased compared to previous month primarily due to the ongoing tourist season. Cancellations The overall cancellation rate of scheduled domestic airlines for the month of December 2015 has been 2.49%. Airline-wise details of cancellations are as follows: Air Pegasus 19.33 Air Costa 14.59 Jet Airways 4.14 Air India (Dom) 2.39 IndiGo 2.01 Go Air 1.52 Trujet 1.26 JetLite 0.88 Air Asia 0.49 Vistara 0.43 Spicejet 0.34 0.00 5.00 10.00 15.00 20.00 25.00 Cancellation Rate (%) Various reasons of cancellations are indicated below: Conse/Misc Commercial 1.1% 10.5% Technical 6.2% Operational 6.3% Weather 75.9% 2 Passenger Complaints during the month During December 2015, a total of 1091 passenger related complaints had been received by the scheduled domestic airlines.
    [Show full text]
  • May 14, 2019 I Research Airline Industry
    May 14, 2019 I Research Airline Industry- Developments Jet Airways is yet another addition to over half a dozen airlines in the industry globally, which either ceased operations or merged with other Contact: airlines in 2018 & 2019. This includes prominent names like WOW, Madan Sabnavis Germania, Primera, Cobalt, Flybmi, Virgin America etc. Chief Economist Despite the impressive traffic growth and high capacity utilization, [email protected] +91-22- 6837 4433 financial performance of Indian Airline companies has remained under pressure due to increased crude prices and currency Author: volatility in FY18 and FY19. 2 out of the three listed domestic Ashish K Nainan airlines have reported operating and net losses during 9M FY19 Research Analyst and the third reported operating profit but net losses during the [email protected] +91-22-6837 4347 same period. In order to capture market share, domestic airlines slashed fares on major routes. The fares were 1/3rd the fares charged by airlines Mradul Mishra (Media Contact) [email protected] in developed markets like The US and Europe on comparable +91-22-6837 4424 routes. Graph 1 Traffic Growth (Annual) & Average Crude Prices (Monthly) 80.00 23.2% 0.25 20.3% 18.6% 70.00 0.2 17.3% 60.00 0.15 50.00 0.1 40.00 5.0% 0.05 30.00 20.00 0 Jan-15 Jan-16 Jan-17 Jan-18 Jan-19 Disclaimer: This report is prepared by CARE Ratings Ltd. CARE Ratings has taken utmost care to ensure accuracy and objectivity while developing this report based on Crude Oil (Brent $/bbl) Passenger Traffic Growth information available in public domain.
    [Show full text]
  • SP's Airbuz October-November 2012
    EMBRAER E-JETS: HELICOPTERS CONFERENCE THE FIRST FOR LAW REPORT: FDI IN PICK ENFORCEMENT AVIATION P 17 P 28 P 33 OCTOBER-NOVEMBER 2012 `100.00 (INDIA-BASED BUYER ONLY) WWW.SPSAIRBUZ.NET ANAIRBUZ EXCLUSIVE MAGAZINE ON CIVIL AVIATION FROM INDIA DREAMLINER COMES TO INDIA ATR: MODERN REGIONAL TURBOPROPS ❚ POOR AIR TRANSPOrtatION ❚ INFRASTRUCTURE IN ARUNACHAL AN SP GUIDE PUBLICATION REGIONAL AVIatION: ❚ RNI NUMBER: DELENG/2008/24198 A StratEGIC PERSPECTIVE get moreconnectivity The Q400 NextGen gives SpiceJet the lower operating costs and superior performance they need to expand their connectivity. SpiceJet has proven that it is possible for an airline to grow their business in today’s economy. Their fleet of Bombardier Q400 NextGen aircraft has given SpiceJet, India’s most preferred low cost airline, the ability to add new destinations and more passengers. The Q400 NextGen aircraft is one of the most technologically advanced regional aircraft in the world. It has an enhanced cabin, low operating costs, low fuel burn and low emissions – providing an ideal balance of passenger comfort and operating economics, with a reduced environmental scorecard. Welcome to the Q economy. www.q400.com Bombardier, NextGen and Q400 are Trademarks of Bombardier Inc. or its subsidiaries. ©2012 Bombardier Inc. All rights reserved. Q400_SpiceJet_SPAirbuz-October issue.indd 1 9/21/12 1:45 PM TABLE OF CONTENTS EMBRAER E-JETS: HELICOPTERS CONFERENCE THE FIRST FOR LAW REPORT: FDI IN PICK ENFORCEMENT AVIATION Cover: P 17 P 28 P 33 OCTOBER-NOVEMBER 2012 `100.00 (INDIA-BASED
    [Show full text]
  • Subject : Performance of Domestic Airlines for the Year 2015
    Subject : Performance of domestic airlines for the year 2015. Traffic data submitted by various domestic airlines has been analysed for the month of September 2015. Following are the salient features: Passenger Growth Passengers carried by domestic airlines during Jan-Sep 2015 were 590.21 lakhs as against 491.44 lakhs during the corresponding period of previous year thereby registering a growth of 20.10% (Ref Table 1) . 700.00 Growth: YoY = + 20.10 % 590.21 MoM = + 14.56 % 600.00 491.44 500.00 400.00 2014 300.00 2015 200.00 Pax Carried(in Lakhs) Pax 100.00 58.19 66.66 0.00 YoY MoM Passenger Load Factor The passenger load factors of various scheduled domestic airlines in Sep 2015 are as follows (Ref Table 2): #REF! Aug-15 100.0 93.0 92.1 83.7 80.8 79.8 79.4 79.3 79.0 78.9 78.7 77.9 77.3 77.1 76.9 76.8 75.6 74.9 80.0 73.2 72.1 67.7 62.9 62.4 60.0 40.0 Pax Load Factor (%) Factor Load Pax 20.0 0.0 Air India Jet JetLite Spicejet Go Air IndiGo Air Costa Air Asia Vistara Air Trujet Airways Pegasus 1 The passenger load factor in the month of September 2015 has shown declining trend compared to previous month primarily due to the end of tourist season. Cancellations The overall cancellation rate of scheduled domestic airlines for the month of September 2015 has been 0.6%.Airline-wise details of cancellations are as follows: Air Pegasus 20.50 Trujet 3.95 Air India (Dom) 2.09 Air Costa 1.53 JetLite 0.58 Air Asia 0.29 Jet Airways 0.28 Spicejet 0.09 Go Air 0.05 IndiGo 0.01 Vistara 0.00 0.00 5.00 10.00 15.00 20.00 25.00 Cancellation Rate (%) Various reasons of cancellations are indicated below: Technical 18.0% Conse/Misc 37.5% Operational 30.2% Commercial 3.7% Weather 10.7% 2 Passenger Complaints during the month During September 2015, a total of 710 passenger related complaints had been received by the scheduled domestic airlines.
    [Show full text]
  • Monthly Newsletter August, 2012
    ASSOCIATION OF PRIVATE AIRPORT OPERATORS Monthly Newsletter August, 2012 Members: CONTENTS 1. Aviation Sector ............................................................................................. 3 2. Airports AAI Managed Airports………………………………………………………………………………16 APAO Member Airports 2.1 Bangalore International Airport Limited……………………………………………..16 2.2 Delhi International Airport Limited……………………………………………………..17 2.3 GMR Hyderabad International Airport Limited……………………………………18 2.4 Mumbai International Airport Limited………………………………………………..19 3. Airlines………………………………………………………………………………………………………20 3.1 Air India………………………………………………………………………………………………20 3.2 Kingfisher Airlines……………………………………………………………………………….23 3.3 SpiceJet………………………………………………………………………………………………23 3.4 Jet Airways…………………………………………………………………………………………24 3.5 IndiGo………………………………………………………………………………………………..25 3.6 GoAir………………………………………………………………………………………………….25 3.7 International Airlines………………………………………………………………………….26 4. Cargo ……………..………………………………………………………………………………………..27 5. AERA Appellate Tribunal Renotified………………………………………………………..28 6. Traffic…….…………………………………………………………………………………………………29 7. Source………………………………………………………………………………………………………32 Page 1 of 32 ABBREVIATIONS AAI Airports Authority of India ADF Airport Development Fee AERA Airports Economic Regulatory Authority of India AERAAT Airports Economic Regulatory Authority Appellate Tribunal ATF Aviation Turbine Fuel BCAS Bureau of Civil Aviation Security BIAL Bangalore International Airport Limited BPCL Bharat Petroleum Corporation Limited CAG Comptroller
    [Show full text]
  • WEEKLY MEDIA UPDATE 16 January, 2017 Monday
    Issue 276 WEEKLY MEDIA UPDATE 16 January, 2017 Monday (This document comprises news clips from various media in which Balmer Lawrie is mentioned, news related to GOI and PSEs, and news from the verticals that we do business in. This will be uploaded on intranet and website every Monday.) India will remain one of the fastest IIP clocks 13-mth high growth of growing major economies in 2017: ICRA 5.7% in Nov despite note ban Moody's Investors Service and its Indian affiliate Industrial production grew at a 13-month high ICRABSE -1.16 % said India will remain one of the of 5.7 per cent in November notwithstanding fastest growing major economies globally in 2017, the demonetisation that was implemented, although GDP growth will moderate in the first half while retail inflation remained subdued at of the year, as the economy adjusts after multi-year low of 3.41 per cent in December, demonetisation. India is rated Baa3 positive by government data showed today. The industrial Moody's. Moody's also believes that the output during November, when the government will likely achieve its fiscal deficit government announced demonetisation of target of 3.5% of GDP for the current fiscal year high value currency notes of Rs 500 and Rs ending 31 March 2017, the international rating 1000 effective from 9th of the month, showed agency said in a statement on Monday. ICRA overall improvement in manufacturing, mining expects the country's growth of gross value added and electricity sectors, according to the figures at basic prices to remain healthy in 2017, although released by the Central Statistics Office (CSO).
    [Show full text]