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Air Berlin says has sufficient liquidity for restructuring

Friday, 28 Apr 2017 04:57am EDT

April 28 (Reuters) - Air Berlin Plc in presentation slides:Says has sufficient liquidity and facilities to continue restructuring .Says KPIs will only start to show improvements towards the end of Q2 .Says Q1, Q2 impacted by delay in the final carve out of the niki platform .Says have the full support of largest shareholder, etihad airways.Says open for new opportunities and cooperations.

Air Berlin Q1 loss widens to 293.3 million euros

Friday, 28 Apr 2017 04:33am EDT

April 28 (Reuters) - Air Berlin PLC ::For financial year 2016, Air Berlin realised group revenue of 3.79 billion euros and an operating result of -667.1 million euros. For the first quarter of 2017, group revenue was 649.6 million euros and the operating result -272 million euros.FY revenue 3.79 billion euros.For financial year 2016, Air Berlin realised group revenue of 3.79 billion euros and an operating result of -667.1 million euros.For Q1 of 2017, group revenue was 649.6 million euros and operating result -272.3 million euros.FY EBIT amounted to -667.1 million euros (including one-off impairment charges and restructuring costs in total amount of 334.8 million euros) compared to -307.0 million euros in financial year 2015.EBITDAR amounted to 90.6 million euros in financial year 2016 (financial year 2015: 358.9 million euros) and EBITDA to -581.2 million euros (financial year 2015: -260.9 million euros).Result for period (net financial result) for financial year 2016 amounted to -781.9 million euros (financial year 2015: -446.6 million euros).EBIT amounted to -272.3 million euros in Q1 of 2017 compared to -172.2 million euros in Q1 of 2016.Compared to Q1 of 2016, EBITDAR decreased from 7.7 million euros to -93.8 million euros.Result for period in Q1 of 2017 amounted to -293.3 million euros compared to -182.3 million euros in Q1 of 2016.

French state holding firm APE eyes more M&A deals in 2017

Wednesday, 5 Apr 2017 05:24am EDT

France/APE state holding firm: Martin Vial, who heads French state holding agency APE, tells Le Monde newspaper in an interview that APE could sell off more state holdings in companies or buy more stakes . The APE sold its 12.7 percent stake in carmaker PSA Group to the country's Bpifrance sovereign wealth fund, the two government bodies announced on March 27 [nL5N1H450N] . Emmanuel Macron, the centrist candidate currently tipped by polls to win the French presidential election, has pledged to set up a 10 billion euros ($10.7 billion) fund to promote industrial and research projects, to be financed by selling down shares in companies where the state owns a minority stake and by dividends from state-owned shares. [nL5N1GF2LH] . Conservative candidate Francois Fillon has also said he was favourable towards privatisations of state shareholdings in order to raise cash for investments in major infrastructure projects. [nL8N1DW478] . France has significant holdings in several large companies including Air France , Airbus , Peugeot , Renault , Orange AND Engie . ($1 = 0.9376 euros) Further company coverage: [PEUP.PA] (Reporting by Sudip Kar-Gupta) ((sudip.kargupta@thomsonreuters.com;)).

Finnair to temporarily suspend its Miami route for summer 2017

Wednesday, 22 Mar 2017 12:05pm EDT

Finnair Oyj : Says to temporarily suspend its Miami route for summer 2017, flights resume in October . Is making changes to its traffic program for summer 2017 season, due to operational reasons which relate to temporary shortage of crew and aircraft . Will suspend its flights between Helsinki and Miami between May 4 and Sept. 29 .Will also cancel two of its weekly frequencies on its Helsinki-Chicago route during May.

Virgin Australia reports Q2 underlying profit before tax of $45.9 mln

Thursday, 2 Feb 2017 05:00pm EST

Virgin Australia Holdings Ltd : Underlying profit before tax of $45.9 million for q2 of 2017 financial year . Expects virgin australia domestic business to generate underlying earnings before interest and tax margin of between 3 and 6 % for 2017 FY . Group's statutory profit after tax for q2 was $13.1 million . Qtrly group revenue load factor 81.3% versus 80.3% .Q2 group revenue passengers 6.3 million, up 3.2 %.

American Airlines Group Q4 adjusted earnings per share $1.48

Friday, 27 Jan 2017 07:30am EST

American Airlines Group Inc : American Airlines Group reports fourth quarter and full year profit . Q4 revenue $9.8 billion versus I/B/E/S view $9.74 billion . Q4 earnings per share view $0.92 -- Thomson Reuters I/B/E/S . Q4 GAAP earnings per share $0.56 . Q4 2016 mainline cost per available seat mile (CASM) was 12.93 cents, up 5.7 percent . Announced a new $2.0 billion share repurchase authorization . In Q4, Company recognized $273 million in net special charges before effect of income taxes . Says qtrly TRASM was 14.90 cents, up 1.3 percent versus Q4 2015, first year-over-year increase since Q4 of 2014 . Says total operating expenses in Q4 were $9.0 billion, up 5.4 percent compared to Q4 2015 . Net special charges in Q4 consisting of fleet restructuring expenses and merger integration expenses, re-branding of aircraft . Qtrly adjusted earnings per share $1.48 .New $2.0 billion share repurchase authorization will expire December 31, 2018.

Airline SAS says finances six airbus A320neo

Friday, 27 Jan 2017 02:00am EST

SAS AB : Says finances six additional airbus A320neo aircraft through sale and leaseback . Says the aircraft will be delivered between 2017 and 2018 . Says at the time of delivery SAS will sell the aircraft to CDB Aviation Lease Finance and then leases it back during a long term lease period .Says through this agreement, SAS has until now agreed on financing of 18 Airbus A320neo of the order of 30 aircraft..


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