Latest News Headlines

638 news items were published to CAPA Members in the past two days. What could you be missing?
View More

Air New Zealand CEO Christopher Luxon said (22-Feb-2018) 2018 is "shaping up to be another exciting year of growth for Air New Zealand", and the airline was "thrilled with the performance of our network" during H1FY2018. According to Mr Luxon, key highlights include:

  • The domestic market continues to show strength driven by the New Zealand economy as well as inbound tourism. Air New Zealand will be increasing capacity approximately 6% across the local regional, adding jet services to support demand over H2FY2018;
  • Trans Tasman and Pacific Island routes have also "responded strongly" to additional widebody services and targeted capacity increases;
  • Alliance partnerships "continue to drive value across our international long haul network", and have been a "key factor" in the carrier's ability to "effectively compete against much larger airlines". [more - original PR]

Air New Zealand reported (22-Feb-2018) the following financial highlights for six months ended 31-Dec-2017:

  • Operating revenue: NZD2729 million (USD1947 million), +5.6%;
    • Passengers: NZD2337 million (USD1668 million), +5.5%;
    • Cargo: NZD189 million (USD135 million), +10.5%;
    • Contract services: NZD83 million (USD59 million), +3.8%;
  • Total costs^: NZD2402 million (USD1714 million), +6.9%;
    • Labour: NZD635 million (USD453 million), +1.9%;
    • Fuel: NZD470 million (USD335 million), +20.5%;
  • Profit before finance costs, associates and other significant items and taxation: NZD327 million (USD233 million), -3.3%;
  • Net profit: NZD232 million (USD166 million), -9.4%;
  • Passengers: 8.5 million, +5.5%;
    • Domestic: 5.6 million, +6.9%;
    • Tasman and Pacific Islands: 1.9 million, +4.6%;
    • International: 1.0 million, +0.2%;
  • Passenger load factor: 82.5%, -0.6ppt;
    • Domestic: 81.7%, +1.9ppt;
    • Tasman and Pacific Islands: 82.2%, +0.7ppt;
    • International: 83.0%, -1.9ppt;
  • Passenger revenue per ASK: NZD 10.6 cents (USD 7.6 cents), +2.0%;
    • Domestic: NZD 21.6 cents (USD 15.4 cents), +4.4%;
    • Tasman and Pacific Islands: NZD 10.0 cents (USD 7.1 cents), +6.1%;
    • International: NZD 7.7 cents (USD 5.5 cents), -3.3%;
  • Total assets: NZD7602 million (USD5425 million);
  • Bank and short term deposits: NZD1340 million (USD956 million);
  • Total liabilities: NZD5479 million (USD3910 million). [more - original PR]

*Based on the average conversion rate at NZD1 = USD0.713592
^Includes depreciation and amortisation and rental and lease costs

AirAsia X stated (21-feb-2018) based on current forward booking trends, forward loads and average fares in FY2018 "are trending better than the previous year". AirAsia X stated: "Barring any unforeseen circumstances, including but not limited to terrorist attacks, natural disasters, epidemics, economic downturn, fuel price hike and fluctuation in foreign currencies against the Malaysian Ringgit, the Company expects its prospects to remain positive". [more - original PR]

AirAsia X reported (21-Feb-2018) the following financial highlights:

  • Three months ended 31-Dec-2017:
    • Revenue: MYR1220 million (USD293.4 million), +4.3% year-on-year;
    • Operating costs: MYR1111 million (USD267.1 million), +1.8%;
      • Fuel: MYR383.5 million (USD92.2 million), +7.9%;
      • Aircraft operating lease: MYR229.6 million (USD55.2 million), +12.0%;
      • Labour: MYR112.7 million (USD27.1 million), -8.8%;
    • Operating profit: MYR110.7 million (USD26.6 million), +10.5%;
    • Net profit: MYR84.4 million (USD20.3 million), +116%;
    • Passengers: 1.5 million, +12%;
    • Passenger load factor: 82.6%, +1.7ppt;
    • Average passenger fare: MYR519 (USD121), -8%;
    • Revenue per ASK: MYR 13.36 sen (USD 3.1 cents), -3%;
    • Cost per ASK: MYR 12.15 sen (USD 2.8 cents), -6%;
    • Cost per ASK excl fuel: MYR 7.96 sen (USD 1.9 cents), -8%;
    • Average sector length: 4868km, -2%;
  • 12 months ended 31-Dec-2017:
    • Revenue: MYR4562 million (USD1061 million), +17.0%;
    • Operating costs: MYR4443 million (USD1034 million), +15.4%;
      • Fuel: MYR1467 million (USD341.2 million), +31.4%;
      • Aircraft operating lease: MYR944.6 million (USD219.7 million), +11.7%;
      • Labour: MYR421.3 million (USD98.0 million), +14.0%;
    • Operating profit: MYR143.0 million (USD33.3 million), +33.5%;
    • Net profit: MYR98.9 million (USD23.0 million), +121%;
    • Total assets: MYR4552 million (USD1059 million);
    • Deposits, cash and bank balances: MYR432.7 million (USD100.7 million);
    • Total liabilities: MYR3563 million (USD828.8 million). [more - original PR]

*Based on the average conversion rate at MYR1 = USD0.240372 for 4Q2017
*Based on the average conversion rate at MYR1 = USD0.232626 for CY2017

Qantas Group reported (22-Feb-2018) the following financial highlights for six months ended 31-Dec-2017:

  • Revenue: AUD8660 million (USD6747 million), +5.8% year-on-year;
  • Total costs: AUD7597 million (USD5919 million), +5.0%;
    • Labour: AUD2141 million (USD1668 million), +5.6%;
    • Fuel: AUD1547 million (USD1205 million), +3.9%;
  • Underlying EBIT: AUD1063 million (USD828.2 million), +12.0%;
    • Qantas Domestic: AUD447 million (USD348 million), +20.5%;
    • Qantas International: AUD22 million (USD173 million), -5.5%;
    • Jetstar Group: AUD318 million (USD248 million), +15.6%;
    • Qantas Loyalty: AUD184 million (USD143 million), +1.7%;
    • Corporate: (AUD93 million) (USD72.5 million), compared to a loss of AUD88 million in p-c-p;
  • Underlying profit after tax: AUD976 million (USD760.4 million), +14.6%;
  • Passengers: 28.1 million, +2.8%;
  • Passenger load factor: 83.5%, +2.5ppt;
  • Revenue per ASK: AUD 8.37 cents (USD 6.5 cents), +3.5%;
  • Cost per ASK: AUD 7.11 cents (USD 5.5 cents), +2.0%;
  • Cost per ASK excl fuel: AUD 5.12 cents (USD 4.0 cents), +2.2%;
  • Total assets: AUD17,900 million (USD13,945 million);
  • Cash and cash equivalents: AUD1787 million (USD1392 million);
  • Total liabilities: AUD14,147 million (USD11,022 million). [more - original PR]

*Based on the average conversion rate at AUD1 = USD0.779069

Want More News Like This?

CAPA Membership gives you access to all news and analysis on the site, along with access to many areas of our comprehensive databases and toolsets.
Find Out More
Airlines, airports, tourist organisations and the music business: the case for greater co-operation

This report examines the credentials of a number of airlines and airports that are actively involved in the promotion of musical events, including performances on their own property (e.g. on board or in-terminal).

Air-Rail Report: Air-Rail Developments

This report looks at what is new in the business and how the air-rail industry has developed.

A US airline price war? When will US majors adopt LCC subsidiaries?

There’s talk in the US market of a modest price war, as United – in catch up mode – breaks ranks and proposes expanding capacity. This would rock the boat in an ocean that has been relatively calm and blue in recent years. Aside from United’s need to regain lost ground, other factors suggest a new environment could be around the corner.

Problems with legacy airline information systems

Issue 42
  • Open API channels in airline distribution
  • Offering mobility as a service
  • Airport technology - what passengers want
  • The FFP spinoff model after Air Canada
  • Environmental sustainability for aviation
Download Now!

Global Networks

Issue 41
  • The Transformers: airlines changing network dynamics
  • Aircraft Innovations: new models are changing the route options
  • Latin America: The role of connectivity for LATAM Consolidation & Alliances
Download Now!