EagleBoy From Niue, joined Dec 2009, 1820 posts, RR: 2
Reply 9, posted (1 year 7 months 2 days 7 hours ago) and read 8426 times:
I previously read that only 3 European airlines are currently profitable on shorthaul.........
FR, EI are 2, and I don't know the other. With the above post can it be true that only these 3 are profitable on shorthaul.
(Obviously larger network carriers make their money from longhaul....I'm looking at you BA)
I assume we will see all the 2012 full year results published over the next few weeks, will be interesting to see which carriers are profitable and/or stabilsing. (Losses can also point to a restructuring program under way...ie Air Berlin)
these 19 are forecasting a profit per share of a low of 0.02, a high of 0.28 and a mean of 0.14 euros per share. This compares with a declared profit per share of 0.21 euros for 2011 when IAG made an operating profit of 485 million euros.
Considering the problems that IB have been experiencing recently and the costs BA must have incurred in operating loss making BD's timetable from 20 April to 27 October 2012 in parallel with their own (with flights to the same destination sometimes as close as 10 minutes apart) this looks likely to be an outstanding performance unless 19 different analysts have got it entirely wrong.
1400mph From United Kingdom, joined Jan 2013, 879 posts, RR: 0
Reply 19, posted (1 year 7 months 1 day 14 hours ago) and read 4427 times:
Quoting VV701 (Reply 17): Considering the problems that IB have been experiencing recently and the costs BA must have incurred in operating loss making BD's timetable from 20 April to 27 October 2012 in parallel with their own (with flights to the same destination sometimes as close as 10 minutes apart) this looks likely to be an outstanding performance unless
Harmonium From Denmark, joined Feb 2012, 84 posts, RR: 0
Reply 21, posted (1 year 7 months 1 day 12 hours ago) and read 3546 times:
Quoting Fallap (Reply 20):
I'll bet that SK will be in trouble again this year
Yep, I think we'll see another major crisis for SK. The sale of Wideroe was supposed to bring in 1,5 billion Danish Kroner, but from what I've read the high bid right now is 550 million Danish Kroner.. That leaves out a whopping hole in the expected 2,6 billion Danish Kroner that SK were to find if the company should keep running. Also, both the sales of Wideroe and SAS Ground Handling are both seemingly stalled, with every potential buyer well knowing that they have the benefit since SK are under time pressure to get both sold.
Quoting mozart (Reply 12): What about Norwegian? Aren't they doing well?
Financially, DY are doing fine. But they have a few may-become-problems underway. Norwegian Government denied them the right to use foreign staff on the 787 - and the 787 itself isn't doing all too well, as we all know.