China Southern Airlines reportedly reported loss from the carrier’s A380 operation in 2012 between CNY150 million (USD23.4 million) and CNY200 million (USD31.3 million), according to The Economic Observer. The carrier is scheduled to take delivery of its fifth and final A380 at the end of Feb-2013.
China Southern Airlines A380 loss reached up to USD31m in 2012: report
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Aegean Airlines: lower fuel helps maintain 9M operating profit in spite of weak RASK and Ryanair
After three successive quarters of reporting falling operating results, Aegean achieved a EUR10 million improvement in its 3Q2015 operating profit. Its result for the seasonally strong peak summer quarter helped to offset the reduction in profit suffered in 1H2015, bringing its 9M2015 operating result to the same level as last year.
However, Aegean is having to work harder by growing revenue to get the same profit. Moreover, even achieving the same profit has required a considerable helping hand from lower fuel prices. In 3Q2015, Aegean did manage to bring down its ex fuel unit cost, but total unit cost only managed to keep pace with the reduction in unit revenue thanks to savings from fuel.
Aegean's key challenge remains the very soft pricing environment in Greece, the result of economic weakness and strong competition from ultra LCC Ryanair, the country's second biggest airline. In 2014, Aegean was the highest margin full service airline in Europe and should remain close to the top of this category in 2015. However, it cannot let up in the battle to remain competitive with the likes of Ryanair.
HNA of Hainan Airlines buys 24% of Azul as China's airlines eye their final continent: South America
Having established a footprint in Australia, Europe and North America, this year Chinese airlines turned their attention – with government direction – to Africa. Now they are closing in on their latest continent: South America. China's HNA Group, which owns flagship Hainan Airlines, disclosed on 24-Nov-2015 that it would take a 24% stake in Azul for USD450 million, becoming the largest shareholder of Brazil's third largest airline.
This stake is HNA's largest airline acquisition by value, and most significant outside greater China. It follows a separate non-airline transaction in recent days and a slew of acquisitions over the summer, including Swissport, bringing known acquisition spend to over USD11 billion in a handful of months.
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