Confused about loads?
Joined: Feb 2006
Posts: 241
Likes: 0
From: Hong Kong
BKK not too good!
Just came back from BKK last night with Mrs Reheat and there were 27 pax total on board! And that included us 2 on ID tickets and 2 PX crew on a 777.
I shouldn't think the revenue from that even covered the cost of the catering let alone fuel/crew/leasing costs!!!
I know its CNY and that this was a single flight in isolation but.......
I shouldn't think the revenue from that even covered the cost of the catering let alone fuel/crew/leasing costs!!!
I know its CNY and that this was a single flight in isolation but.......
Joined: Jan 2006
Posts: 601
Likes: 0
From: England
Sound Familiar......?
Air France-KLM issues new profit warning
By Kevin Done, Aerospace Correspondent
Published: January 20 2009 10:24 | Last updated: January 20 2009 10:24
Air France-KLM, the largest European airline, issued a further profit warning on Tuesday reflecting the weakening demand for air travel as the performance of the global economy worsens.
It said in a statement that it expected to report an operating loss for its third quarter from October to December. It still expected to remain in operating profit for the full year to the end of March, but warned the level of profit would depend on how the economic situation evolved in the coming weeks.
Shares in Air France-KLM fell by 6 per cent in early trading on Tuesday.
The group, which has recently agreed to become the industrial partner of the restructured Alitalia with a 25 per cent stake, is being hit by declining passenger and, in particular, cargo revenues, while at the same time its extensive fuel hedging is preventing it from benefiting in full from the sharp decline in oil prices.
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 were not able to benefit from lower oil prices because of the negative effect of the oil hedges, it said.
In its first six months from April to September, Air France-KLM profits came under pressure from record fuel costs for much of the period. Its net profit plunged by 84 per cent as it was also hit by non-cash charges to revalue hedging instruments.
The group has issued two previous profit warnings since last summer.
It has reduced its planned capacity growth during the winter has cut capital spending. It is also taking action to cut a further 260m of costs.
Air France-KLM achieved record operating profits of 1.41bn last year and originally forecast last May an operating profit in the current financial year of around 1bn.
In November, it said it was cutting its planned capital investment by 1.4bn over two years, as it changed strategy to prioritise saving cash over spending on new aircraft in the face of the growing uncertainties in the global economy.
It is delaying planned aircraft purchases mainly by not converting options into firm orders of as many as 15 Boeing 777 wide-body jets and is choosing instead to keep flying some of its older 747-400 Jumbo jets.
Pierre-Henri Gourgeon, who was promoted to chief executive at the beginning of the year with his predecessor Jean-Cyril Spinetta remaining as chairman, is also setting out to simplify the management organisation and to intensify efforts to cut costs.
The group said to cope with the crisis marked by shrinking demand and therefore a slowdown in activity, cost control had become ever more vital. Simplifying the organization was a way to increase efficiency and responsiveness to the crisis.
It was planning to rationalise the general management structure and the operations sectors.
Air France-KLM also said it had also appointed Jean-Louis Pinson to the position of partnership manager, based in Rome, under the terms of the recent deal signed with Alitalia.
Copyright The Financial Times Limited 2009
By Kevin Done, Aerospace Correspondent
Published: January 20 2009 10:24 | Last updated: January 20 2009 10:24
Air France-KLM, the largest European airline, issued a further profit warning on Tuesday reflecting the weakening demand for air travel as the performance of the global economy worsens.
It said in a statement that it expected to report an operating loss for its third quarter from October to December. It still expected to remain in operating profit for the full year to the end of March, but warned the level of profit would depend on how the economic situation evolved in the coming weeks.
Shares in Air France-KLM fell by 6 per cent in early trading on Tuesday.
The group, which has recently agreed to become the industrial partner of the restructured Alitalia with a 25 per cent stake, is being hit by declining passenger and, in particular, cargo revenues, while at the same time its extensive fuel hedging is preventing it from benefiting in full from the sharp decline in oil prices.
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 were not able to benefit from lower oil prices because of the negative effect of the oil hedges, it said.
In its first six months from April to September, Air France-KLM profits came under pressure from record fuel costs for much of the period. Its net profit plunged by 84 per cent as it was also hit by non-cash charges to revalue hedging instruments.
The group has issued two previous profit warnings since last summer.
It has reduced its planned capacity growth during the winter has cut capital spending. It is also taking action to cut a further 260m of costs.
Air France-KLM achieved record operating profits of 1.41bn last year and originally forecast last May an operating profit in the current financial year of around 1bn.
In November, it said it was cutting its planned capital investment by 1.4bn over two years, as it changed strategy to prioritise saving cash over spending on new aircraft in the face of the growing uncertainties in the global economy.
It is delaying planned aircraft purchases mainly by not converting options into firm orders of as many as 15 Boeing 777 wide-body jets and is choosing instead to keep flying some of its older 747-400 Jumbo jets.
Pierre-Henri Gourgeon, who was promoted to chief executive at the beginning of the year with his predecessor Jean-Cyril Spinetta remaining as chairman, is also setting out to simplify the management organisation and to intensify efforts to cut costs.
The group said to cope with the crisis marked by shrinking demand and therefore a slowdown in activity, cost control had become ever more vital. Simplifying the organization was a way to increase efficiency and responsiveness to the crisis.
It was planning to rationalise the general management structure and the operations sectors.
Air France-KLM also said it had also appointed Jean-Louis Pinson to the position of partnership manager, based in Rome, under the terms of the recent deal signed with Alitalia.
Copyright The Financial Times Limited 2009
Joined: Sep 2007
Posts: 947
Likes: 0
From: asia
if CX doesn't fill a biz seat on a sector it needs to fill 7 econ seats
does this never get mentioned ?
Joined: Feb 2008
Posts: 132
Likes: 0
From: Out there
more brainwashing
"in normal times if CX doesn't fill a biz seat on a sector it needs to fill 7 econ seats to make the same margin"
Can't see any truth here, CX spend less than HK$1.00/meal in economy, and less than HK$5.00/meal in business. Seven times the weight to carry means more fuel, yes. But seven y-class tickets will make up for it. Unless some people pay astronomical prices for the opportunity to join the world's elite in CX business.....
Can't see any truth here, CX spend less than HK$1.00/meal in economy, and less than HK$5.00/meal in business. Seven times the weight to carry means more fuel, yes. But seven y-class tickets will make up for it. Unless some people pay astronomical prices for the opportunity to join the world's elite in CX business.....
