finance News
30-Jul-2009
GERMANY :
Adhoc Release pursuant to §15 of the Securities Trading Act (WpHG)
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24-Jul-2009
FRANCE :
The deterioration in the economic environment noted at the end of the first quarter of 2009 continued during the subsequent three months. As a result, revenues for the Air France-KLM group for the First Quarter of Financial Year 2009-10 (April to June) recorded a decline of 20.5% to 5.19 billion euros.
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24-Jul-2009
The Air Transport Users Council (AUC) publishes its Annual Report for 2008/09.
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24-Jul-2009
Responding to yesterday’s attack by the Association of European Airlines (AEA) on the current evolution of airport charges, European airports trade body ACI EUROPE said that the AEA’s statement reflected a worrying misunderstanding of airport economics and the impact of the crisis on the whole aviation industry.
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16-Jul-2009
AUSTRIA :
The management of the Austrian Airlines Group (16-Jul-09) agreed a time-limited package of saving measures with all the Works Councils designed to help improve the competitiveness of the company.
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29-Apr-2009
Earnings before nonrecurring items for the first quarter amounted to MSEK -934 (875), a decline of MSEK 59
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29-Apr-2009
FINLAND :
Summary of first quarter 2009 key figuresTurnover fell by 10.0 per cent to 515.7 million euros (572.9 million) Passenger traffic, i.e. revenue passenger kilometres, volume was the same as the previous year, and passenger load factor rose from the previous yearby 1.1percentage points to 75.9% (74.8)
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29-Apr-2009
SITA reported consolidated revenues of $1.47 billion for the year 2008, up 3.5% on the previous year’s figure of $1.42 billion.
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28-Apr-2009
The UK is experiencing significant cutbacks in airline service, both domestically and internationally, according to the latest statistics from OAG the world’s leading aviation data business and part of UBM Aviation. Frequencies and capacity within the UK for April are down year on year by 13% and 14% respectively, representing a drop of 5,078 flights and 476,000 seats. Airlines have scheduled a total of 33,783 domestic UK flights this month; the last time the April figures for the UK were lower than this was in 2001.
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27-Apr-2009
GERMANY :
At this year’s Lufthansa Annual General Meeting in Cologne, Lufthansa Chairman and CEO Wolfgang Mayrhuber presented shareholders with the second best result in the company’s history for 2008.
En la reunión anual de Lufthansa, celebrada en Colonia, su presidente y su director general Wolfgang Mayrhuber; presentaron a los accionistas el segundo mejor resultado obtenido en su historia durante el 2008.
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22-Apr-2009
At Deutsche Post AG's Annual General Meeting at the Jahrhunderthalle in Frankfurt around 2,000 shareholders approved the resolutions proposed by the Board of Management and Supervisory Board by large majorities. Shareholders with a majority of 98.78% of the company's share capital present at the AGM resolved, among other issues, to pay a dividend of EUR 60 cents per share. The dividend is tax-free for shareholders living in Germany.
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22-Apr-2009
Speaking in front of shareholders in Frankfurt, Chief Executive Officer of Deutsche Post DHL Frank Appel, offered a generally positive overview of 2008 in spite of the difficult market conditions. The Group successfully tackled the critical issues of restructuring its DHL Express business in the United States and preparing the sale of its stake in Postbank, and sharpened the Group's focus on mail and logistics, Appel said at this year's Annual General Meeting.
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22-Apr-2009
Deutsche Post DHL, the world's largest logistics provider, saw volume declines increase across all products and divisions in the first quarter compared with the fourth quarter of 2008. However, the rate of decline has stabilized suggesting that overall flows are bottoming out.
Deutsche Post DHL, el mayor proveedor logÃstico del mundo, registró durante el primer trimestre un aumento en el descenso del volumen de actividad y de los productos y divisiones; en comparación al cuarto trimestre de 2008. Sin embargo, el descenso de este Ãndice se ha estabilizado habiendo alcanzado su punto más bajo.
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08-Apr-2009
The Minister for Transport announced (07-Apr-09) that the revised Estimate for his Department would total EUR3.1 billion following the Supplementary Budget:
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09-Mar-2009
IRELAND :
Ryanair announced (06-Mar-09) that it would give away 1,000 free seats for every EUR1m of after tax losses announced by Aer Lingus in its full year results on Wednesday 11-Mar. Ryanair believes that Aer Lingus will announce an after tax loss of between EUR100m to EUR150m, which will see Ryanair release between 100,000 to 150,000 free seats for travel during 23 - 27-Mar-09 on its 105 routes to/from Dublin and Shannon airports.
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19-Feb-2009
SLOVAKIA :
SkyEurope Holding AG announced (17-Feb-09) the further postponement of the publication of its annual financial statements for the financial year ended 30-Sep-08 as SkyEurope Holding AG’s management continues to assess certain material estimates in connection with these annual financial statements.
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17-Feb-2009
SLOVAKIA :
York Global Finance II extended (16-Feb-09) the deadline for the repayment of its EUR 15 million loan granted in Dec-07 and its EUR 10 million loan granted in Sep-08 to SkyEurope Airlines to 15-Mar-09. Both loans were due for repayment on 15-Feb-09 in accordance with the loan agreements as amended.
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16-Feb-2009
Air France-KLM reported activity in the third quarter reflected the increasing severity of the economic downturn. The passenger business held up, underpinned by the balanced network and efficient hubs, with traffic up 3.4% and capacity by 2.9% (including VLM). The load factor gained 0.3 points to 79.5%.
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12-Feb-2009
VTB Bank set a RUB1.2 million documentary credit limit to JSC Ural Airlines for a 3-year period. Now the Company can tap VTB opportunities to finance its current needs through a wide range of instruments applicable in the international banking practice, such as lending, standby letters of credit and bank guarantees.
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09-Feb-2009
Jim McAuslan, General Secretary of the British Airline Pilots' Association commented on BA's third quarter results and the call from the company for a significant cost reduction.
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09-Feb-2009
UNITED KINGDOM :
British Airways presented (06-Feb-09) its interim management statement for the nine months ended 31-Dec-08. Period highlights: Operating profit of GBP89 million (2007: GBP744 million - restated) down 88%.
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04-Feb-2009
GERMANY :
Based on initial projections, the Lufthansa Group now expects an operating result of around EUR 1.3 billion for the business year 2008. Previously, a result of around EUR 1.1 billion was forecasted. The increase is substantially attributable to a more stable result development in the fourth quarter than was previously expected.
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03-Feb-2009
IRELAND :
Ryanair announced (02-Feb-09) a Q3 loss of EUR102 million, (compared to a profit of EUR35 million in last year’s Q3). Average fares fell by 9% to EUR34, while fuel costs rose by 71% to EUR328 million. Revenues rose by 6% to EUR604.5 million, as traffic grew 13% to 14 million, as more consumers switch to Ryanair’s low fares from high fare competitors.
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02-Feb-2009
SLOVAKIA :
SkyEurope Holding AG postpones the publication of its annual financial statements for the business year ended 30-Sep-08 due to the fact that SkyEurope Holding AG’s auditors were not able to finalise the audit and to issue the audit opinion pursuant to Section 274 of the Austrian
Commercial Code.
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27-Jan-2009
UNITED KINGDOM :
Further economic weakness in January and the outlook for February and March combined with the fall in sterling, are impacting British Airways’ outlook for the year ended 31-Mar-09. Revenue guidance for the year remains unchanged as being up at least 4% year on year with yields benefiting from exchange more than offsetting volume declines. Traffic volumes remain in line with the market.
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22-Jan-2009
Air France-KLM specified (21-Jan-09) that its operating result for the 3Q08 (Oct-08 to Dec-08) is likely to be negative to the tune of EUR200 million. For the full year to 31-Mar-09, the group is not in a position at this stage to make any pronouncement on the operating income forecasts circulating in the market.
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22-Jan-2009
Baboo has ended the year 2008 with positive results, despite an unfavourable economic environment. Baboo has been able to achieve this strong growth thanks to a sound expansion strategy, a strengthened management and the support from its main investor, M1 Group.
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21-Jan-2009
Air France-KLM stated (20-Jan-09) the deterioration in the economic environment during the third quarter has led to a slight weakening in passenger unit revenues and a strong decline in cargo revenue. Unit costs werennot able to benefit from lower oil prices because of the negative effect of the oil hedges.
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20-Jan-2009
AUSTRIA :
The Commission has decided (19-Jan-09) to authorise rescue aid for the Austrian flag carrier. The aid will be in the form of a guarantee on a loan facility worth some EUR 200 million to keep the company operating until the Commission can take a position on another issue involving possible State aid linked to its privatisation.
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19-Sep-2008
SLOVAKIA :
SkyEurope Holding AG announces that York Global Finance has granted a bridge loan facility totaling EUR 10 million to SkyEurope Airlines.
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15-Sep-2008
UNITED KINGDOM :
Philip Meeson, Chief Executive of Jet2.com, said: We have had another great summer, our aircraft have been full and we have made record profits, in fact we are expecting our parent company's half-year profits to be in excess of GBP30 million.
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10-Sep-2008
Ferrovial Aeropuertos, S.A., subsidiary of Ferrovial Infraestructuras, S.A., in turn subsidiary of Grupo Ferrovial, S.A., has agreed to sell its 100% interest in Belfast City Airport Limited (BCA) to ABN AMRO Global Infrastructure Fund for a price of GBP132.5m.
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