Comair (South Africa) reported (10-Sep-2013) a headline profit of ZAR231 million (USD23 million) and a 29% year-on-year increase in revenue to ZAR5.38 billion (USD537 million) for the year ended 30-Jun-2013. The airline also realised its strategy to reduce operating costs driven by high fuel prices and currency exchange rates, implemented from the end of 2011. The programme included a freeze on all non-critical costs, implementation of a new Sabre Airline Solutions IT platform and delivery of four new Boeing 737-800s. The airline reported substantial improvements in revenue integrity, inventory management, ticket pricing and productivity with the new IT system. The 737-800s delivered a 24% fuel saving per passenger compared to the 737-400s they replaced. Comair CEO Erik Venter said the airline remained confident of sustained efficiency. Mr Venter said, "2014 will be the first full year of operation for the new 737-800s, and we look forward to the delivery of the next four aircraft in late 2015 as well as potential further aircraft orders for delivery post 2018. Our much improved infrastructure as well as our reputation and ongoing focus on safety, customer service and efficiency have built a sustainable foundation to accommodate growth opportunities and ensure that Comair continues to play a major role in the Southern African aviation and travel industry." [more - original PR] [more - original PR - II]
Comair reports USD23m profit for FY2012/13
You may also be interested in the following articles...
Alitalia: "everyone has to pull in the same direction" – ongoing issues, and viability is at stake.
After Alitalia’s board approved the second phase of its business plan on 22-Dec-2016, CEO Cramer Ball stressed the importance of achieving the support of its workforce. He said, “Everyone has to pull in the same direction to make Alitalia a viable, sustainable success story and help the airline achieve its ambition of long-term growth and profitability”. Alitalia suffered strike action from some flight crew in 2016.
Full details of the plan, which has received the support of Italy's government, have not yet been made public. Alitalia's network strategy includes further long haul growth and a reworking of its short haul operation, with an emphasis on feeding long haul via Rome and Milan. Other elements of the plan include cost-cutting, reduced headcount and possible changes to joint venture agreements. Details are to be presented to Alitalia’s workforce in Jan-2017.
Also on 22-Dec-2016, Alitalia's shareholders approved short-term funding and gave management 60 days to begin negotiations with key stakeholders - lessors, suppliers and distribution companies, in addition to trade unions. Alitalia needs their support for deep cost reduction measures, in order to win the long-term financing needed to secure the airline's future.
UTair Aviation: Russia's number three airline returns to growth in 2016. Fleet upgrade needed
The UTair Aviation Group includes both a rotary wing (helicopter) division and a fixed wing (passenger airline) division. UTair's strategic goals for its passenger transportation division include maintaining third position and a market share of at least 10% in the domestic market; and a fleet modernisation programme through the purchase of new short and medium haul aircraft.
The passenger airline UTair Aviation achieved a 19% increase in passenger numbers in the first 11 months of 2016, after a period of capacity and traffic reduction and financial restructuring. The airline carried 5.5 million passengers in 2015, making it Russia's third biggest airline after Aeroflot and S7 Airlines, while the group carried 8.8 million passengers. UTair has orders to replace a significant proportion of its ageing fleet of aircraft (average age 19 years), but delivery dates are currently fluid.
Moscow Vnukovo is UTair's biggest airport, from where it serves mainly the domestic market. It is the biggest single airline by seats at Vnukovo, but it is outranked by the combined capacity of the Aeroflot Group's three airlines at the airport, Aeroflot, Pobeda and Rossiya. It also faces competition from Aeroflot and/or Pobeda on almost all of its biggest routes from Moscow.