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Who's Making Money These Days?  
User currently offlineBoeingluvr From , joined Dec 1969, posts, RR:
Posted (5 years 3 weeks 1 day 12 hours ago) and read 5761 times:

Just saw that WS posted net earnings for Q2 of 9.2 Million which beats forecasts. Also their load factor was up to 76.4% for July which is up on June's 72.9%.

With airlines losing money lately, due mostly to the economic downturn, who else is making money? Anyone else have a favorite airline with good Q2 results?

Here's my link:

http://www.cbc.ca/money/story/2009/08/06/westjet-earnings.html

31 replies: All unread, showing first 25:
 
User currently offlineNational757 From United States of America, joined Jul 2007, 720 posts, RR: 1
Reply 1, posted (5 years 3 weeks 1 day 12 hours ago) and read 5753 times:

Not my favorite but G4 currently has industry leading margins and earned a 2nd quarter profit

21 July 2009 - ALLEGIANT TRAVEL COMPANY REPORTS SECOND QUARTER 2009 FINANCIAL RESULTS: Second quarter net income increases nine-fold, operating & pre-tax margins exceed 25%. Board of directors increases common stock repurchase authority by $10 million to a total of $35 million

http://www.allegiantair.com/aaNews/aaNews20090721b.pdf



Formula 1 Grand Prix Trips: YUL '08, MEL '09, BCN '10, SIN '11, and LGW '12
User currently offlineAzstar From United States of America, joined May 2005, 620 posts, RR: 0
Reply 2, posted (5 years 3 weeks 1 day 12 hours ago) and read 5750 times:

Frontier has had a profit every month for the past 8 months. July is likely to be good too since it's usually the busiest month for all U.S. airlines.

User currently offlineBoeingluvr From , joined Dec 1969, posts, RR:
Reply 3, posted (5 years 3 weeks 1 day 12 hours ago) and read 5715 times:

Care to share numbers??

User currently offlineHeathrow From United Kingdom, joined Sep 2005, 979 posts, RR: 0
Reply 4, posted (5 years 3 weeks 1 day 11 hours ago) and read 5651 times:

If I'm not mistaken, PD?

User currently offlinePhilInBRN From Switzerland, joined Jun 2009, 253 posts, RR: 0
Reply 5, posted (5 years 3 weeks 1 day 11 hours ago) and read 5598 times:

Swiss International posted an operating profit for the first half year of 2009 of 65 Million Swiss francs compared to 254m a year ago. However also Swiss has its problems to fill premium seats and is more reliable on foreign markets than ever due to the current weakness in the Swiss O&D market.

User currently offlineCHI787ORD From United States of America, joined Jun 2005, 517 posts, RR: 4
Reply 6, posted (5 years 3 weeks 1 day 10 hours ago) and read 5545 times:

UA posted a Q2 profit.

User currently offlineSwa4life From United States of America, joined Jul 2009, 385 posts, RR: 1
Reply 7, posted (5 years 3 weeks 1 day 10 hours ago) and read 5529 times:

Southwest made 54 Million in the last quarterly report.

User currently offlineDurangoMac From United States of America, joined Dec 2006, 716 posts, RR: 0
Reply 8, posted (5 years 3 weeks 1 day 10 hours ago) and read 5491 times:

SkyWest, Inc. announced today the results for Q2 which was 3.75% net margin or $26.2 million net income on $698.8 million revenue.

User currently offlineBoeingluvr From , joined Dec 1969, posts, RR:
Reply 9, posted (5 years 3 weeks 1 day 10 hours ago) and read 5484 times:

Good to see that WN is doing well, although I think that was 59 million! I can see that UA only had 0.03 cents per diluted share, but that's better then the forecasted -0.02.

User currently offlineHAL From United States of America, joined Jan 2002, 2560 posts, RR: 53
Reply 10, posted (5 years 3 weeks 1 day 8 hours ago) and read 5348 times:

Relative to its size, Hawaiian (HA) made more money in Q2 than any other airline in America. Net profit of $27.5M, on an operating profit of $31.7M

http://biz.yahoo.com/e/090729/ha10-q.html

July traffic looked great too, up 10.4% over July 2008.

http://finance.yahoo.com/news/Hawaii...-July-apf-2989729992.html?x=0&.v=2

HAL



One smooth landing is skill. Two in a row is luck. Three in a row and someone is lying.
User currently offlineOuboy79 From United States of America, joined Nov 2001, 4588 posts, RR: 23
Reply 11, posted (5 years 3 weeks 1 day 8 hours ago) and read 5315 times:

If we are going to toss out profit numbers, may not be a bad idea to make sure profit margin is included as well...since that is a bit more fair to compare against instead of just flat number.

User currently offlineHAL From United States of America, joined Jan 2002, 2560 posts, RR: 53
Reply 12, posted (5 years 3 weeks 1 day 6 hours ago) and read 5229 times:



Quoting Ouboy79 (Reply 11):
If we are going to toss out profit numbers, may not be a bad idea to make sure profit margin is included as well...since that is a bit more fair to compare against instead of just flat number.

Works for me.

Hawaiian Airlines: Q2 total revenue = $292M

Operating income = $31.7M = 10.86% margin

Net income = $27.5M = 9.42% margin

HAL



One smooth landing is skill. Two in a row is luck. Three in a row and someone is lying.
User currently offlinePink77W From United States of America, joined Aug 2009, 179 posts, RR: 0
Reply 13, posted (5 years 3 weeks 1 day 5 hours ago) and read 5143 times:

does anyone have an;y results from EK?

User currently offlineMMEPHX From , joined Dec 1969, posts, RR:
Reply 14, posted (5 years 3 weeks 1 day 5 hours ago) and read 5134 times:



Quoting HAL (Reply 12):
Works for me.

Hawaiian Airlines: Q2 total revenue = $292M

Operating income = $31.7M = 10.86% margin

Net income = $27.5M = 9.42% margin

HAL

quite possibly the best margins in the airline world at the moment. Nice one Hawaiian. I wonder how Go are doing  Smile


User currently offlineHAL From United States of America, joined Jan 2002, 2560 posts, RR: 53
Reply 15, posted (5 years 3 weeks 1 day 5 hours ago) and read 5126 times:

For comparison here are some other US airlines:

Delta:
Total revenue Q2 = $7.00B
Operating income = $1.00M = .014% margin
Net income (loss) = ($257M) = -3.67% margin

American:
Total revenue Q2 = $4.89B
Operating income (loss) = ($226M) = -4.62% margin
Net income (loss) = ($390M) = -7.96% margin

AirTran:
Total revenue Q2 = $603M
Operating income = $66.2M = 10.98% margin
Net income = $78.4M = 13.00% margin

Alaska:
Total revenue Q2 = $843.9M
Operating income = $66.7M = 7.90% margin
Net income = $29.1M = 3.45% margin

Continental:
Total revenue Q2 = $3.126B
Operating income (loss) = ($154M) = -4.93% margin
Net income (loss) = ($213M) = -6.81% margin

Southwest:
Total revenue Q2 = $2.616B
Operating income = $123M = 4.70% margin
Net income = $54M = 2.06% margin

USAirways:
Total revenue Q2 = $2.658B
Operating income = $122M = 4.59% margin
Net income = $58M = 2.18% margin

JetBlue:
Total revenue Q2 = $807M
Operating income = $76M = 9.42% margin
Net income = $20M = 2.48% margin

United:
Total revenue Q2 = $4.018B
Operating income = $107M = 2.66% margin
Net income = $28M = 0.70% margin

Allegiant:
Total revenue Q2 = $148M
Operating income = $37.8M = 25.54% margin
Net income = $23.9M = 16.15% margin

For the 11 companies listed ( including Hawaiian in my previous post) here's how they stand with Net income margin for Q2 2009:

1. Allegiant 16.15%
2. AirTran 13.00%
3. Hawaiian 9.42%
4. Alaska 3.45%
5. JetBlue 2.48%
6. USAirways 2.18%
7. Southwest 2.06%
8. United 0.70%
9. Delta -3.67%
10. Continental -6.81%
11. American -7.96%

I do stand corrected in that Hawaiian doesn't have the highest margin of net profit, however they still did a very respectable job in a difficult market, as did Allegiant and AirTran.

HAL



One smooth landing is skill. Two in a row is luck. Three in a row and someone is lying.
User currently offlineHAL From United States of America, joined Jan 2002, 2560 posts, RR: 53
Reply 16, posted (5 years 3 weeks 1 day 5 hours ago) and read 5102 times:



Quoting MMEPHX (Reply 14):
I wonder how Go are doing

Mesa doesn't break out the financials for Go!, but here's Mesa as a whole:

Total revenue Q2 = $233M
Operating income (loss) = -$2.39M = -1.03% margin
Net income (loss) = -$36.74M = -15.75% margin

That puts Mesa at the bottom of the list (by far) compared to the airlines I listed above. To be fair, I haven't looked over the financials for other regionals though.

As I posted earlier, Hawaiian posted a year-over-year gain of 10.4% in passenger traffic for July. Go! posted a 5.6% drop in traffic during the same time period.

HAL



One smooth landing is skill. Two in a row is luck. Three in a row and someone is lying.
User currently offlineMMEPHX From , joined Dec 1969, posts, RR:
Reply 17, posted (5 years 3 weeks 1 day 5 hours ago) and read 5102 times:



Quoting HAL (Reply 15):
do stand corrected in that Hawaiian doesn't have the highest margin of net profit, however they still did a very respectable job in a difficult market, as did Allegiant and AirTran.

..thanks for posting the data, interesting info.

Allegiant is not the truest comparision as they make a lot of money from other travel operations (but still one heck fof a margin). I hadn't realized Air Tran was so profitable in Q2. Still these 2 and Hawaiian are way ahead of the pack.


User currently offlineBoeingluvr From , joined Dec 1969, posts, RR:
Reply 18, posted (5 years 3 weeks 22 hours ago) and read 4920 times:

I should post WS's numbers since I initially posted them and I'm a proud Canadian. I'm afraid it looks grim.

Total revenue: 531.2 Million
Net Earnings: 9.15 Million=1.7% margin.

I'm afraid I couldn't find their operating income on any of the sites I looked at.


User currently onlineAaron747 From Japan, joined Aug 2003, 8130 posts, RR: 26
Reply 19, posted (5 years 3 weeks 21 hours ago) and read 4886 times:

Certainly not JAL - they just reported a $1 billion loss for just April-June alone.


If you need someone to blame / throw a rock in the air / you'll hit someone guilty
User currently offlineRbgso From United States of America, joined Jun 2006, 589 posts, RR: 0
Reply 20, posted (5 years 3 weeks 21 hours ago) and read 4864 times:

I assume DL's numbers include OH as well. Do they break them out seperaely?

User currently offlineDurangoMac From United States of America, joined Dec 2006, 716 posts, RR: 0
Reply 21, posted (5 years 3 weeks 19 hours ago) and read 4526 times:



Quoting Rbgso (Reply 20):
I assume DL's numbers include OH as well. Do they break them out seperaely?

I think it also includes NW, CP, & XJ.


User currently offlinePH-TVH From Netherlands, joined May 2001, 115 posts, RR: 0
Reply 22, posted (5 years 3 weeks 19 hours ago) and read 4513 times:

Tranavia.com (HV) made a net profit of €7 million over the financial year 2008/2009 (march 31 - march 31).
Total revenue was €698 million.

They never have been into red numbers since they started operating, which is 31 years straight now.


User currently offlineCallumm92 From United Kingdom, joined Oct 2007, 120 posts, RR: 0
Reply 23, posted (5 years 3 weeks 16 hours ago) and read 3596 times:

Some European airlines:

Lufthansa, for Jan-Jun 09
Revenue: €10.23 billion
Operating profit: €8 million = 0.08%
Net income (loss): (€216 million) = -2.11%

Air France-KLM, for Apr-Jun 09
Revenue: €5.17 billion
Operating profit (loss): (€496 million) = -9.59%
Net income (loss): (€426 million) = -8.24%

British Airways, for Apr-Jun 09
Revenue: £1.98 billion
Operating profit (loss): (£94 million) = -4.7%
Net income (loss): (£148 million) = -7.5%


User currently offlineBoeingluvr From , joined Dec 1969, posts, RR:
Reply 24, posted (5 years 3 weeks 15 hours ago) and read 3283 times:

It would appear that airlines are still struggling do to higher overhead and other factors that large airlines encounter. Not to mention that despite the economic downturn, the price of oil is rising which doesn't help at all either. Anyone care to share some load factors for the last month or two as well??

25 CanadianNorth : Last I heard Air North is still pulling off a profit, although I don't have the numbers on me. CanadianNorth
26 Ouboy79 : HAL, Great post and very nice to see how the majors stack against each other with G4 tossed in for good measure. I don't see how, since every airline
27 AirframeAS : Disappointed that you didn't add F9 to your list.
28 Pe@rson : FR announced a €137m quarterly net profit on the 27th July. FR had a seat factor of 89% for July 2009, which was the same as July 2008.
29 HAL : Delta had an operational profit - it was mostly the merger-related costs that kept the net in negative numbers. And you're right, once they trim more
30 HAWK21M : Out here.....Blue Dart. regds MEL.
31 Q120 : Lawyers!
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