A piece of good! Several airlines release financial reports
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Civil Aviation Resource Network August 5, 2022: According to Aviation24, many foreign airlines have recently released financial reports, and the data has recovered to a certain extent. Even if some airlines are not profitable, they have narrowed their losses. .
SWISS AIRLINES
SWISS saw early signs of a resurgence in bookings during the first quarter. This positive trend was reinforced in the second quarter, with SWISS' cost optimization through restructuring further boosting first-half earnings. Soaring jet fuel costs were partly offset by a sharp increase in travel demand and higher fares. Swissair's adjusted EBIT in the first half of 2022 reached CHF 67 million, with profit significantly increasing to CHF 465 million compared to the same period in 2021 (CHF 398.2 million in the same period in 2021). Total revenue increased by 179.7% to CHF 1.8 billion (2021: CHF 659.3 million). Capacity in the first half of the year was 62% of the same period in 2019, compared to only about 26% of the 2019 level in the first half of 2021.
SWISS also saw strong growth in passenger traffic in the first half of the year. Swissair carried around 5.3 million passengers between January and June, more than five times as many as in the same period in 2021. During these six months, SWISS operated more than 47,000 flights, about 3.5 times more than the same period in 2021. In terms of available seat kilometers (ASK), Swissair's capacity increased by 137.1% in the first half of 2022, while passenger traffic in the first half of 2022 increased by 422.1% year-on-year in revenue passenger kilometers (RPK). In the first half of the year, Swissair's load factor was 73.6%, an increase of 40.2% year-on-year.
Austrian Airlines
Strong bookings bring Austrian back to profitability for the first time since the outbreak, with a profit of €2 million in the second quarter (compared to a loss of €94 million in the same period in 2021). The airline's mid-year financial results are still in the red.
In the first half of 2022, Austrian Airlines’ total revenue increased by 253% year-on-year to €710 million (H1 2021: €201 million). More than 70% of the total revenue in the first half of 2022 was generated in the second quarter (€502 million). Operating expenses increased to EUR 816 million in the same period (2021: EUR 399 million) due to increased capacity and high fuel costs. Adjusted EBIT for the first half of 2022 was a loss of EUR 106 million, which was 46% lower than in 2021 (-EUR 198 million).
The recovery of the aviation industry is mainly reflected in the increase in the number of passengers. In the first half of this year, Austrian Airlines carried 4.2 million passengers, a fourfold increase compared to 2021 (1.1 million). The ASK in the first half of 2022 was 9.2 million, an increase of 216% (2.9 million) compared to the same period in 2021, and the load factor also improved to 72.1% (53.1% in the same period in 2021).
Brussels Airlines
Brussels Airlines’ total operating performance in the first half of 2022 was a loss of 89 million euros, a narrower loss than in 2021, an increase of 38%. Brussels Airlines carried 2.73 million passengers in the first half of the year, three times higher than the same period in 2021.
In addition, Brussels Airlines' revenue in the first half of 2022 increased by 228% to EUR 452 million (EUR 138 million in the same period in 2021), thanks to the expansion of capacity and improved yields. But operating expenses increased by a total of 97% to EUR 572 million (2021: EUR 290 million) due to higher freight volumes and sharply higher costs.
Norwegian Air
Norwegian carried a total of 2,206,424 passengers in July, compared with 695,830 in the same period in 2021. The July load factor was 94.5%. Capacity (ASK) was 3.322 billion seat-km, while revenue passenger-kilometre (RPK) was 3.139 billion seat-km, an increase of 27% from June. The on-time rate in July was 62.2%. In July, Norwegian Air operated an average of 70 aircraft per day and completed 99.7% of its scheduled flights.