Air France-KLM revenue up in 1Q

[Indian_Eyess]

Air France-KLM revenue up in 1Q
19 minutes ago

PARIS - Air France-KLM said Thursday that revenue in its fiscal first quarter rose 11.9 percent to 5.8 billion euros ($7.47 billion) as higher passenger numbers offset rising fuel costs.

The airline — the world's largest in operating revenues — said the figure for the April-June period was up from 5.19 billion euros ($6.68 billion) a year earlier.

The revenue growth was slightly higher than analysts' expectations of about 11 percent.

"This very good performance was driven by all sectors, and especially by the passenger business," Air France-KLM said in a statement.

Total passenger revenue was up 12.1 percent to $5.92 billion from $5.31 billion a year earlier.

Cargo revenue rose 10.5 percent to $938.9 million from $850 million, while maintenance revenue was up 8.5 percent to $297.5 million from $274 million.

The revenue report came the same day a new fuel surcharge on all Air France commercial flights went into effect, including a $9 rise on long-haul flights.

Air France-KLM will announce full first-quarter earnings Aug. 31.

An Air France jumbo jet rolls behind the tail of a KLM Royal Dutch airliner at Charles de Gaulle airport in Roissy, north of Paris, in a file photo from Sept. 30, 2003. Air France-KLM says revenue in its fiscal first quarter rose 11.9 percent to 5.8 billion euros ($7.47 billion) as higher passenger numbers offset rising fuel costs. (AP Photo/Remy de la Mauviniere)

http://news.yahoo.com/s/ap/20060810/...air_france_klm

[Net-Gladiator]

they're also member of skyteam alliance, too bad they dont serve pakistan, KLM's first destination in indian subcontinent was karachi and service was started in 1929 and lasted till 1999, around 75 years till they quit.

[SharpenedMango]

Sporkistic Fact-
the average airline company makes it profit on the last 6 passengers of any flight- therefore if a plane is even just 95percent full, the company makes a loss on that flight - such is the plight of airlines....
minuscule profits one quarter, massive eye watering deficits the next...

[Indian_Eyess]

Originally Posted by SharpenedMango

Sporkistic Fact-
the average airline company makes it profit on the last 6 passengers of any flight- therefore if a plane is even just 95percent full, the company makes a loss on that flight - such is the plight of airlines....
minuscule profits one quarter, massive eye watering deficits the next...

wow, I didnt know that!

[Net-Gladiator]

Originally Posted by SharpenedMango

Sporkistic Fact-
the average airline company makes it profit on the last 6 passengers of any flight- therefore if a plane is even just 95percent full, the company makes a loss on that flight - such is the plight of airlines....
minuscule profits one quarter, massive eye watering deficits the next...

didnt know that, i thought inly half flights went into loss considering my dad works for an airline, but thanks for the info.

[Cunard]

Originally Posted by SharpenedMango

Sporkistic Fact-
the average airline company makes it profit on the last 6 passengers of any flight- therefore if a plane is even just 95percent full, the company makes a loss on that flight - such is the plight of airlines....
minuscule profits one quarter, massive eye watering deficits the next...

not even remotely true

im surprised the article makes no mention of Northwest Airliness

[TechPhunk]

NWA is going to shit mate...if there is any sort of work stoppage, nwa would be in danger of liquidating itself.

[SharpenedMango]

Originally Posted by Cunard

not even remotely true

im surprised the article makes no mention of Northwest Airliness

sorry i said a sporkistic fact for a reason....
here are some more appealing statistics for the more cunard-esque amongst us....
operating profit margins.....
http://paploo.eurocontrol.fr/Sustain...s/econ_civ.png

if the average profit tends to be around 2 percent on a 300 seater flight, say a transatlantic flight, that translates into 6 seats, or the final 6..

[Cunard]

Originally Posted by TechPhunk

NWA is going to shit mate...if there is any sort of work stoppage, nwa would be in danger of liquidating itself.

NWA and KLM/Air France are very close partners

a view of Amersterdam's Schiphol airport....NWA brings in a massive load factor which inturn KLM takes farther abroad

im look into NWA's financial situation


http://airliners.net/open.file?id=09...ext_id=0905241


http://airliners.net/open.file?id=10...ext_id=1037595

[Cunard]

Originally Posted by SharpenedMango

sorry i said a sporkistic fact for a reason....
here are some more appealing statistics for the more cunard-esque amongst us....
operating profit margins.....
http://paploo.eurocontrol.fr/Sustain...s/econ_civ.png

if the average profit tends to be around 2 percent on a 300 seater flight, say a transatlantic flight, that translates into 6 seats, or the final 6..

i would love to see how they came up with this useless info

infact im gonna post this on airliners.net and let people who work in the industry tear this apart

[Indian_Eyess]

I wouldnt say NWA is going to shit, but they havent been doing so hot lately.

[TechPhunk]

here you go guys

Northwest Attendants Fight to Brink
Right to Strike Is Sought
From Bankruptcy Judge;
Training in 'Chaos' Tactics
By SUSAN CAREY
August 8, 2006; Page A2

In an era when unions rarely take employers to the brink, flight attendants at Northwest Airlines tomorrow will fight in bankruptcy court for the right to stage a strike that could cripple or kill the airline.

What happens next is being watched closely by Northwest's customers, as well as other airline unions and labor organizations interested in preserving their right to strike if their contracts are nullified in bankruptcy. The 9,000 cabin-crew members are threatening a strike as early as Aug. 15, a move that could cripple the nation's fourth-largest carrier by traffic.
[Northwest Income Graphic]

While the airline says a strike would be illegal, the Association of Flight Attendants union believes Northwest's unilateral imposition of new terms last week triggered the right to strike. U.S. Bankruptcy Court Judge Allan Gropper will hear arguments tomorrow on whether to block the strike. Sheryl Willert, a labor and employment lawyer for Williams, Kastner & Gibbs in Seattle, says there's "no clear path" to guide Judge Gropper. "We just don't have any case law" says Ms. Willert, who doesn't represent the union or the airline.

Other unions at Northwest, US Airways Group Inc. and UAL Corp.'s United Airlines have in recent years threatened strikes only to agree to concessions. Northwest is hoping it will win a judicial ruling preventing a strike. When Northwest's mechanics walked out last year, the airline replaced them. The Eagan, Minn., carrier said it is telling customers they can depend on the airline and to book tickets "with confidence."

Still, several factors could make Northwest's situation more volatile. Northwest's flight attendants are the first to reject not one but two contracts, and no other airline has gone this far in bankruptcy court to avert a potential strike. The attendants are targeting the airline as the industry is showing profits for the first time in years. Although Northwest yesterday said its second-quarter loss widened to $285 million from $226 million a year ago, the airline was profitable on an operating basis in the most recent period.

That has put Northwest Chief Executive Douglas Steenland in a difficult spot. He has finally attained $1.4 billion in annual labor cost cuts he says the company needs to emerge from bankruptcy protection. Industry analysts say he has done well paring costs and helping win legislation to preserve the company's underfunded employee pensions. But with the attendants, "both sides are trying to save face and neither can back down," says Betsy Snyder, an industry analyst for Standard & Poor's Corp. If the company lowers its demands, it risks having to reopen new contracts with other unions and redo its business plan.

Flight attendants are fueled by mistrust and anger that goes back more than a decade. Danny Campbell, vice president of the AFA branch at Northwest, says many attendants "are so angry they don't care" if a strike permanently grounds their airline. "The company may have underestimated the flight attendants," he says.

Unlike with the mechanics, Northwest has said it doesn't have a large number of backup workers lined up to counter a mass walkout. Even the AFA's campaign of limited, flight-by-flight strikes could strand travelers, drive passengers to other carriers, and force Northwest to consider giving the attendants a better contract. A union spokeswoman says many attendants have volunteered to participate even though they have been told it will probably get them fired.

The airline last week imposed a 21% pay cut, reduced benefits and stiffened work rules -- even worse terms than the attendants earlier rejected. Northwest says it must have the $195 million in annual savings from those cuts. The terms amount to an "unliveable" 40% reduction in pay and benefits, Mr. Campbell says, more than attendants at other airlines in Chapter 11 were coerced into giving up.

Northwest's flight attendants are a modestly paid group of mostly female, longtime employees. Many remember making concessions that helped Northwest avoid bankruptcy in the early 1990s. They felt jilted when the airline later didn't want to return their wages to pre-giveback levels, dragged its feet in negotiating the union's next contract and reneged on redeeming $225 million in stock issued to the some of the workers.

Besides the right to strike, "what else do we have?" says Ricky Thornton, a 17-year Northwest attendant who works on Asian trips. "They've taken everything else." Terms imposed by the airline last week mean his compensation has fallen to about $35,000 a year from $48,000, and he'll have to be away from home 21 days a month instead of 15 or 16.

The AFA is training attendants in the tactics of "Chaos" -- for Create Havoc Around Our System -- that in 1993 it used to get a favorable contract with Alaska Airlines. In that case, attendants struck just seven individual flights over several months. Alaska fired the 24 strikers, but the union got a judge to reinstate them with back pay. "The overall impact of Chaos could quickly be devastating to Northwest," the company said in its request for an injunction.

No talks are scheduled. If Judge Gropper blocks a strike, the attendants are likely to appeal. Northwest is legally bound to continue bargaining and, if the union holds its ground, it could over time regain its right to strike. "He can't enjoin us forever," says David Borer, the AFA's general counsel. "We'll continue to fight in other ways."

[Indian_Eyess]

hmm, interesting, I've read a similar article to that one before. I do know that Northwest has been struggling lately and are actually doing a shitty job, I dont know how bad the situation really is.

[TechPhunk]

i usually get most of my economical articles from the wall street journal.

[Cunard]

fucking unions are so useless in this day and age

[Net-Gladiator]

Originally Posted by Cunard

not even remotely true

im surprised the article makes no mention of Northwest Airliness

you're right, before it was only northwest/KLM alliance and now they're both part of skyteam...both airlines had KLM/northwest logo on their planes...NW still does but not KLM as they have skyteam logo, but yea...they're still partners.

[SharpenedMango]

Originally Posted by Cunard

fucking unions are so useless in this day and age

cool we agree on something....

feckin unions