UALWN
Topic Author
Posts: 2177
Joined: Mon Jun 01, 2009 3:27 pm

Good 3rd Quarter For AF/KL And LH

Wed Oct 31, 2012 1:31 pm

Both AK/KL and LH have posted better than expected results for the 3rd quarter of 2012, with operating profits over €500M. See
http://www.bloomberg.com/news/2012-1...n-job-cuts-traffic.html?cmpid=yhoo
AT7/111/146/Avro/CRJ/CR9/EMB/ERJ/E75/F50/100/L15/DC9/D10/M8X/717/727/737/747/757/767/777/787/AB6/310/32X/330/340/380
 
Pihero
Posts: 4318
Joined: Mon Jan 31, 2005 5:11 am

Good 3rd Quarter For AF/KL And LH

Wed Oct 31, 2012 9:08 pm

This is the sort of news - and thread - people aren't interested in : "What ? Some good news from AF without an order for some extra 77ws or 787s? Are you out of your minds ? "

[Edited 2012-10-31 14:09:25]
Contrail designer
 
delimit
Posts: 765
Joined: Fri Jan 09, 2009 8:08 pm

Good 3rd Quarter For AF/KL And LH

Wed Oct 31, 2012 9:19 pm

Oh don't worry. Someone creative will find reason in a link to bash AF , or make a joke about spending the profit on that thing people always, infallibly think is somehow funny the one thousandth time

I give it 5 more posts
 
User avatar
DeltaMD90
Posts: 8245
Joined: Tue Apr 15, 2008 11:25 pm

Good 3rd Quarter For AF/KL And LH

Wed Oct 31, 2012 9:51 pm

Quoting Delimit (Reply 2):
Oh don't worry. Someone creative will find reason in a link to bash AF , or make a joke about spending the profit on that thing people always, infallibly think is somehow funny the one thousandth time

Not trying to do that, but I was under the impression that AF/KL wasn't doing that well... is there something hidden in the numbers or did they really do well? (And was it KL keeping AF afloat or is that just a rumor too.)

Good job nevertheless. I didn't think they were doing that well, I've always heard they were bleeding money
Ironically I have never flown a Delta MD-90 :)
 
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Aesma
Posts: 8833
Joined: Sat Nov 14, 2009 6:14 am

Good 3rd Quarter For AF/KL And LH

Wed Oct 31, 2012 10:30 pm

From the link :

The French company’s earnings jump may be “a result of the first measures implemented, even before the job-cuts plan, with more flexibility and a wage freeze.”
New Technology is the name we give to stuff that doesn't work yet. Douglas Adams
 
Burkhard
Posts: 1916
Joined: Fri Nov 17, 2006 9:34 pm

Good 3rd Quarter For AF/KL And LH

Thu Nov 01, 2012 2:52 pm

Quoting DeltaMD90 (Reply 3):
is there something hidden in the numbers or did they really do well?

... only that the so called Euro Crisis is a pure invention of the US/UK mass media to manipulate politics in the interest of their share holders...
 
MaverickM11
Posts: 15668
Joined: Thu Apr 06, 2000 1:59 pm

Good 3rd Quarter For AF/KL And LH

Thu Nov 01, 2012 2:57 pm

Is it? This says they've lost $1.2B in the last nine months. Even excluding the restructuring costs it still looks a little grim.

http://atwonline.com/airline-finance...r.com&YM_MID=1349284&sfvc4enews=42
E pur si muove -Galileo
 
KFlyer
Posts: 318
Joined: Mon Mar 19, 2007 1:05 pm

Good 3rd Quarter For AF/KL And LH

Thu Nov 01, 2012 3:07 pm

AF-KL did lose over $1B for the nine months ending 30 Sep. However they had a Q3 better than last year. So things are slightly improving, but definitely not satisfactory yet. If I'm not mistaken, AF-KL only had an EBITDAR profit and was not at least operationally profitable. And definitely not profitable at a net level. LH in comparison did report a net profit.
The opinions above are solely my own and do not express those of my employers or clients.
 
User avatar
EPA001
Posts: 3810
Joined: Tue Sep 12, 2006 8:13 pm

Good 3rd Quarter For AF/KL And LH

Thu Nov 01, 2012 3:11 pm

Quoting KFlyer (Reply 7):
So things are slightly improving, but definitely not satisfactory yet

That is also the way I see it. They are starting to turn around the losses, but they are not out of the woods yet. LH is in a better shape with also much more profit then AF-KLM over the last 12 or 24 months.

But I am happy with the message that AF-KLM are starting to get in a better financial shape, because they need it.
 
greenwichsud
Posts: 52
Joined: Tue May 13, 2008 11:18 am

Good 3rd Quarter For AF/KL And LH

Thu Nov 01, 2012 6:58 pm

Quoting Burkhard (Reply 5):
Quoting Burkhard (Reply 5):
... only that the so called Euro Crisis is a pure invention of the US/UK mass media to manipulate politics in the interest of their share holders...

..so Merkel, Hollande et. al are just pawns in a media game? All that time spent and it was just a figment of their imagination. Thanks for enlightening us!

  

[Edited 2012-11-01 11:59:37]

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