Airline and Hotel Operating and Financial Reports

British Airways, Iberia to Cut Capacity as Revenue Climbs

British Airways, Iberia to Cut Capacity as Revenue Climbs

International Airlines Group announced financial results for the quarter ended June 30, 2014.
The parent of British Airways and Iberia said that net profit rose to €280 million ($374.9 million), a 220% increase over the €127 million reported a year earlier.   Revenue was up 6.7% to €5.1 billion, and operating profit rose 55% to €380 million.
IAG CEO Willie Walsh announced plans to cut capacity across its network, “taking out frequencies where …

WestJet Reports Record Q2 Profit

WestJet Reports Record Q2 Profit

WestJet Airlines announced financial results for the second quarter of 2014.
The carrier reported a record profit of 51.8 million Canadian dollars ($47.9 million) in the second quarter, a year-over-year increase of 15.9% from C$44.7 million in Q2 of 2013.
Revenue in the second quarter also increased, up 10.3% to C$930.3 million from C$843.7 million in the same period last year.
The airline’s passenger traffic was 4.930 billion revenue passenger miles, or RPMs, …

Aeromexico Profits Plunge in Second Quarter

Aeromexico Profits Plunge in Second Quarter

Aeromexico announced financial results for the second quarter of 2014. The airline’s operating profit for the period was 202 million Mexican pesos ($15.540 million), a year-over-year decline of 73% from 747 million pesos in the second quarter of 2013.
Revenue in the second quarter increased year-over-year by 9%, up to 10.356 billion pesos from 9.499 billion pesos in the same period last year.
Passenger traffic in the second quarter was 7.027 billion …

JetBlue Reports Substantial Rise in Q2 Profit

JetBlue Reports Substantial Rise in Q2 Profit

JetBlue Airways announced financial results for the second quarter of 2014.  The airline’s profit in the second quarter was $230 million, a year-over-year increase of $194 million during the second quarter of 2013.
Revenue in the second quarter also rose year-over-year by 12.4%, up to $1.372 billion from $1.222 billion in the second quarter last year.  Passenger revenue per available seat mile, or Prasm, also increased by 6% year-over-year.
The airline’s passenger …

Southwest Reports Record Q2 Profit

Southwest Reports Record Q2 Profit

Southwest Airlines announced financial results for the second quarter of 2014.  The airline reported a record profit of $465 million for Q2 of the year, more than doubling with a 107.6% year-over-year increase from $224 million in the second quarter of 2013.
The airline’s revenue was $4.752 billion, a year-over-year increase of 8.5% from $4.380 billion in the same period last year.  Passenger revenue per available seat mile, or Prasm, increased …

United Second Quarter Profit Up 68%

United Second Quarter Profit Up 68%

United-Continental Holdings announced financial results for the second quarter of 2014.
The Chicago-based airline reported a profit of $919 million, a 51% year-over-year increase.  Including special charges, net profit was up 68% at $789 million, compared with $469 in Q2 2013.  Revenue was up 3.3% to $10.33 billion.
Passenger revenue per available seat mile rose 3.7%.
Passenger traffic in Q2 showed a 0.6% increase and capacity was down by 0.1%.  The airline’s load …

American Airlines Reports Record Profit in Q2

American Airlines Reports Record Profit in Q2

American Airlines Group announced financial results for the second quarter of 2014.
The airline reported a profit of $864 million, compared with $220 million in the same period in 2013.  On a combined basis, earnings in 2013 were $507 million.  Total revenue was up 76% to $11.36 billion.
American said it took $592 million in special charges relating to merger integration expenses and bankruptcy-related settlement obligations.
Excluding special charges, net profit was $1.5 …