The Korean flag carrier posted a KRW272 billion (US$247.5 million) net loss for the fourth quarter of 2014 and a KRW458 deficit for the full year, widened from a KRW57 billion loss recorded in the year-ago period. The net loss for 2014 is reported to be the result of a stronger US dollar which inflated the value of Korean Air’s foreign debts although its operating profit rose, helped by a recovery in the global air cargo industry, falling oil prices and cost-cutting. Korean Air … [Read more...] about Korean Air widens 4Q losses
profit
Blue Dart December quarter profit rises 17%
India’s Blue Dart Express reported a 17.7 per cent rise in standalone net profit at Rs 27.13 crore for the quarter ended December 2014. The company had registered a net profit of Rs 23.04 crore for the corresponding period a year ago, it said in a filing to the BSE. Total income from operations during the quarter increased to Rs 588.87 crore from Rs 505.50 crore in the same period last financial year. "We have been able to sustain our growth momentum in our performance this quarter, … [Read more...] about Blue Dart December quarter profit rises 17%
Boeing reports record 4Q2014 revenue
Boeing reported record fourth-quarter revenue of US$24.5 billion on higher deliveries and core earnings per share (non-GAAP) that increased 23 per cent to US$2.31, reflecting strong performance across the company. Fourth-quarter 2014 core operating earnings (non-GAAP) increased to US$2.3 billion and GAAP earnings from operations increased to US$2 billion. Fourth-quarter 2013 results included a US$406 million non-cash charge related to the A-12 settlement. "Strong operating … [Read more...] about Boeing reports record 4Q2014 revenue
Half-year airfreight volume up at Emirates
Emirates announced its half-yearly results which show steady performance and growth, despite a challenging business environment. In the first half of its financial year 2014-15, Emirates Airlines’ volume of cargo uplifted was up by 5.4 per cent. It also reported continued business growth, both in terms of capacity on offer and traffic carried. Capacity measured in ASKM, grew by 6.5 per cent, whilst passenger traffic carried measured in RPKM was up 9.8 per cent with Passenger Seat … [Read more...] about Half-year airfreight volume up at Emirates
Turkish Airlines posts huge Q2 2014 profits
Turkish Airlines recorded 398 million TRY (US$182.49 million) net profit in the second quarter and 172 million in first half of 2014. Sales revenue increased by 37 per cent in the first half, reaching 11,3 billion TRY. Compared to the same period of 2013, sales revenue increased by 37 per cent (15 per cent in USD terms) reaching 11,3 billion TRY. Turkish Airlines recorded 495 million TRY operating profit and 398 million TRY net profit in the second quarter of 2014, completing the first half … [Read more...] about Turkish Airlines posts huge Q2 2014 profits
Emirates posts 26th year of profits, up 43%
In a tale of contrasting fortunes with much of the industry, Emirates Airline reported a 43 per cent jump in 2013 net profit helped by higher revenue and lower fuel costs. The Dubai-based carrier posted a profit of AED3.3 billion (US$898.4 million) for the year to March 31 up from AED2.3 billion a year earlier. Revenue grew 13 per cent at both the airline and group level, to AED82.6 billion and Dhs87.8 billion, respectively. “It’s been a good year. There was growth in our … [Read more...] about Emirates posts 26th year of profits, up 43%
