The surge in travel has led to a surge in revenue! Four major U.S. airlines are all profitable, many airlines set records
China Solar Low Intensity Type A,Customized inset touchdown light,Airport Frangible Flange factory,Customized Heliport Beacon Light,inset aiming light manufacturers,low price Airport Crossbar Light,low price runway middleline light,low price Airport Cable Connector,Customized airport portable light,runway middleline light suppliers.
Civil Aviation Resource Network July 29, 2022 News: With the surge in global air travel demand, many airlines have seized the opportunity to recover in this "battle", reaching record profitability.
Four major U.S. airlines
Southwest Airlines reported a record quarterly profit excluding exceptional items of $825 million, with liquidity of $17.4 billion, far exceeding its $10.5 billion in debt. Operating income for the second quarter also hit an all-time high of $6.7 billion, up 13.9% compared to the same period in 2019. Operating income per available seat mile (RASM) increased 22%, driven by 18.4% passenger yield and 0.7% increase in load factor.
American Airlines announced its Q2 financial report. The data showed that American Airlines’ Q2 revenue was US$13.4 billion, a year-on-year increase of 79.5% and an increase of 12.2% over the same period in 2019. Net income was $476 million, compared with $19 million a year earlier. It was the first quarterly profit for American without government aid since the outbreak.
United reported second-quarter earnings of $329 million, its first profit without government aid since the pandemic. United's Q2 revenue increased 1.2 times year-on-year to $12.11 billion, which was 6% more than the same period in 2019.
Delta Air Lines reported a Q2 profit of $735 million, 49% less than the same period in 2019. Q2 revenue was US$13.82 billion, an increase of 10% from the same period in 2019, which was better than market expectations of US$13.57 billion. Delta expects Q3 capacity to fall by 15% to 17% from 2019 levels, and expects revenue to rise by 1% to 5% from 2019 levels.
International Airlines Group IAG
Led by demand for flights in Spain and Latin America, British airline group IAG announced its return to profitability for the first time since the outbreak. IAG’s operating profit in the second quarter was 293 million euros ($299.56 million), compared with an operating loss of 967 million euros in the same period in 2021.
IAG said its passenger capacity reached 78% of 2019 levels in the second quarter of this year and will continue to grow steadily for the rest of 2022. IAG also forecast passenger capacity in the third quarter to be around 80% of 2019 levels and around 85% in the fourth quarter.
Etihad Airways
Etihad Airways released its financial reports and operating results for the first half of 2022, with a record profit of $296 million in core business operations (H1 2021: loss of $392 million).
Etihad Airways' passenger traffic in the first half of 2022 was 4.02 million, an increase of more than 3 million compared with 980,000 in the first half of 2021, and the average passenger load factor increased to 75%. With the recovery of tourism demand, the passenger load factor continued to grow in the first six months of 2022, rising by 21.9 percentage points.
Alaska Airlines
Alaska Airlines reported second-quarter results on Thursday, with a net profit of $139 million on revenue of nearly $2.7 billion, a record high.
Alaska Airlines plans 5%-8% fewer flights in the third quarter compared to the same period in 2019, and expects revenue to rise 19% from three years ago
Singapore Airlines
Singapore Airlines said on Thursday its net profit for the first quarter of fiscal 2022 (April-June 2022) grew 14 times year-on-year in the three months to June 30 as travel restrictions eased It reached S$370 million (US$268 million). SIA is already a big improvement from a loss of S$409 million in the first quarter of FY21.
SIA's revenue tripled to S$3.9 billion, and its quarterly operating profit of S$556 million was the second-highest in SIA's history. SIA has reported an operating cash surplus of S$1.48 billion in the first quarter so far.
Air France KLM
According to a Reuters report on July 29, Air France-KLM cut its capacity forecast for the third quarter on Friday, expecting its available seat kilometers (ASK) capacity in the third quarter to reach 80% to 85% of the same period in 2019. between the 85% and 90% forecast in May, and forecasts that capacity will recover to between 85% and 90% in the final quarter of the year.
Air France-KLM's Q2 results also exceeded expectations, with a profit of 324 million euros, much higher than analysts' average forecast.
Wizz Air
Hungarian low-cost airline Wizz Air yesterday announced its financial results for the three months ended June 30, 2022. Wizz Air saw a surge in passenger numbers from April to June this year, carrying nearly 12.2 million passengers, a 312.4% increase from the same period last year. The average load factor was 84.7%, compared with 63.6% in the same period last year.
On the one hand, the growth in passenger demand boosted the airline's revenue, which jumped to 808.8 million euros from 199 million euros a year earlier. However, the cost of flying for so many customers also hit WizzAir hard, resulting in an overall quarterly loss of 452.5 million euros ($462.2 million).
Gol Aviation
Brazilian airline Gol reported on Thursday that despite operating revenue more than tripling from the same period in 2021, it suffered a severe second-quarter net loss of 2.85 billion reais ($544 million), compared with a profit of 2.85 billion reais ($544 million) a year earlier. $658 million, which the company said was heavily impacted by currency fluctuations.
Gol's operating income jumped 215.3 percent to 3.24 billion reais, beating analysts' expectations of 3.11 billion. Gol also said it expects full-year operating income to reach about 15.4 billion reais, up from a previous forecast of 13.7 billion reais, and a load factor of 80 percent, down from a previous forecast of 82 percent.