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CAPA Latin America Aviation Summit

Upcoming Event

11-12
Sep
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Cartagena: CAPA Latin America Aviation Summit

Bringing together high ranking executives of airlines, airports and travel and government organisations from across Latin America and beyond to address the key strategic and commercial issues affecting aviation development in the continent.

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Pegasus Airlines stated (Aug-2017) passenger numbers at Turkey's airports increased 10% year-on-year to 48.6 million in 2Q2017, according to Devlet Hava Meydanları İşletmesI (DHMİ). Foreign visitor arrivals increased for the first time since Jul-2015 in 2Q2017. [more - original PR]

Avinor CEO Dag Falk-Petersen stated (16-Aug-2017) CO2 emissions are "a major challenge for aviation". Aviation accounts for 5% of CO2 emissions in Norway, according to Mr Falk-Petersen. He added: "We take this very seriously, and Avinor is working closely with the airlines to reduce emissions. The development of more fuel efficient aircraft, the introduction of jet biofuel and eventually electric aircraft for passenger traffic will help to alleviate these challenges". [more - original PR

Beijing Capital International Airport reported (16-Aug-2017) traffic highlights for Jul-2017:

  • Passengers: 8.0 million, -3.3% year-on-year;
  • Aircraft movements: 48,959, -5.3%. [more - original PR]

Pegasus Airlines reported (16-Aug-2017) financial highlights for three months ended 30-Jun-2016:

  • Revenue: TRY1223 million (USD341.6 million), 53.4% year-on-year;
  • Costs: TRY1182 million (USD330.2 million), +29.9%;
    • Fuel: TRY350.1 million (USD97.8 million), +52.1%;
    • Labour: TRY170.1 million (USD47.5 million), +6.9%;
  • Operating profit: TRY34.6 million (USD9.7 million), compared to a loss of TRY79.5 million (USD27.4 million) in p-c-p;
  • Net profit: TRY160.1 million (USD44.7 million), compared to a loss of TRY12.4 million (USD4.3 million) in p-c-p;
  • Passenger numbers: 6.9 million, +17.0%;
  • Load factor: 83.8%, +6.8ppt;
  • Yield: TRY134.8 (USD37.7), -13.5%;
  • Average stage length: 979km, -1%;
  • Total assets: TRY6426 million (USD1795 million);
  • Cash and cash equivalents: TRY1200 million (USD335.2 million);
  • Total liabilities: TRY4784 million (USD1336 million). [more - original PR]

*Based on the average conversion rate at TRY1 = USD0.279354 for 2Q2017
*Based on the average conversion rate at TRY1 = USD0.345146 for 2Q2016

Avinor Group reported (16-Aug-2017) the following financial highlights:

  • Three months ended 30-Jun-2017:
    • Total revenue: NOK2950 million (USD346.3 million), +7.1% year-on-year;
      • Airport operations: NOK2622 million (USD307.8 million), +6.1%;
        • Traffic income: NOK769.3 million (USD90.3 million, -2.6%;
        • Security: NOK369.4 million (USD43.4 million), +20.4%;
        • Duty free: NOK699 million (USD82.1 million), +5.9%;
        • Parking: NOK236.4 million (USD27.8 million), +5.6%;
      • Air navigation services: NOK522.3 million (USD61.3 million), +5.3%;
        • En route charges: NOK281.3 million (USD33.0 million), +13.5%;
        • Inter group income approach and control tower services: NOK205.4 million (USD24.1 million), +6.2%;
    • EBITDA: NOK333.0 million (USD39.1 million), -65.3%;
      • Airport operations: NOK818.9 million (USD96.1 million), -18.2%;
      • Air navigation services: (NOK202.0 million) (USD23.7 million), compared to a profit of NOK36.6 million (USD4.3 million) in p-c-p;
    • Net profit (loss): (NOK184.6 million) (USD21.7 million), compared to a profit of NOK464.6 million (USD54.8 million) in p-c-p;
  • Six months ended 30-Jun-2017:
    • Total revenue: NOK5595 million (USD677.9 million), +10.9% year-on-year;
      • Airport operations: NOK4968 million (USD601.9 million), +10.2%;
        • Traffic income: NOK1450 million (USD175.7 million, -1.7%;
        • Security: NOK677.0 million (USD82.0 million), +20.6%;
        • Duty free: NOK1199 million (USD145.3 million), +4.1%;
        • Parking: NOK445.2 million (USD53.9 million), +9.1%;
      • Air navigation services: NOK1005 million (USD121.8 million), +6.3%;
        • En route charges: NOK530.9 million (USD64.3 million), +13.8%;
        • Inter group income approach and control tower services: NOK402.9 million (USD48.8 million), +5.9%;
    • EBITDA: NOK882.6 million (USD106.9 million), -38.8%;
      • Airport operations: NOK1403 million (USD170.0 million), -8.8%;
      • Air navigation services: (NOK175.4 million) (USD21.3 million), compared to a profit of NOK32.2 million (USD3.8 million) in p-c-p;
    • Net profit (loss): (NOK230.0 million) (USD27.9 million), compared to a profit of NOK346.3 million (USD41.0 million) in p-c-p;
    • Total assets: NOK43,287 million (USD5245 million);
    • Cash and cash equivalents: NOK1826 million (USD221.2 million);
    • Total liabilities: NOK29,247 million (USD3544 million). [more - original PR]

*Based on the average conversion rate at NOK1 = USD0.117392 in 2Q2017
*Based on the average conversion rate at NOK1 = USD0.117963 in 1H2017
*Based on the average conversion rate at NOK1 = USD0.121165 in 2Q2016
*Based on the average conversion rate at NOK1 = USD0.118509 in 1H2016

Australia's Bureau of Infrastructure, Transport and Regional Economics (BITRE) released (17-Aug-2017) the Domestic Air Fare Index for Aug-2017 which showed the 'Best Discount Fare' Index (Jul-2003 = 100) for domestic travel declined 4.9% year-on-year to 54.7 in Aug-2017. 'Restricted economy' increased 5.6% year-on-year and 'Business class' declined 1.8% year-on-year. [more - original PR]

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Jetstar, Group CEO, Jayne Hrdlicka interviewed by CAPA, Executive Chairman, Peter Harbison

Airline Models Evolving

Issue 40
  • Changing Business Models: The challenge of responding to travel trends
  • Alliances and Beyond: Global alliances in transition
  • Airports of the Future: The evolution of the airport
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Global fleet and financing review 2017

Issue 39
  • Global Fleet Outlook: deliveries peak as orders decline
  • Global Aircraft Leasing: global aircraft leasing continues its international shift from west to east
  • CAPA Financial Outlook: margins to stay above past cyclical peaks
Download Now!