We have today released our financial results for quarter three (Q3) of 2013, showing continued strong growth with revenue from passenger services exceeding US $1 billion for the first time and passenger numbers passing three million.
The results, covering the months of July, August, and September, show:
· total revenue up 11 per cent to US $1.4 billion, compared to US $1.3 billion in Q3 of 2012;
· network-wide passenger load factors of 81 per cent;
· passenger revenues up by 10 per cent to just over US $1.03 billion (2012: US $938 million); and
· cargo revenue up by 39 per cent to US $244 million (2012: US $176 million).
In addition to our own growth, our strategic partners continued to make a very important contribution to our performance.
Revenue from codeshare and equity alliance airline partners was US $247 million in Q3 2013, 36 per cent higher than the US $181 million delivered in Q3 2012.
Partnership contributions accounted for 23 per cent of total Q3 passenger revenue, while passenger numbers rose by 11 per cent to 3.06 million (2012: 2.75 million).
Q3 saw us continue to work closely with regulatory authorities in India on acquiring acquire 24 per cent of Jet Airways - the first offshore investment in an Indian airline under the country's Foreign Direct Investment legislation.
We also signed an agreement with the Government of Serbia to enter into a five-year contract to manage its national airline Air Serbia - currently trading as Jat Airways.
Elsewhere we increased our stake in Virgin Australia from 10.5 to 17.4 per cent, and launched partnerships with South African Airways, Air Canada, Belavia, and Korean Air, taking to 46 our number of codeshare agreements and expanding our virtual network to 375 destinations.
We introduced one new route in Q3, between Abu Dhabi and Sana'a in Yemen, and three aircraft joined the fleet - one new narrow-body Airbus A320, one new wide-body Boeing 777-300ER and a leased Airbus A330.
The results, covering the months of July, August, and September, show:
· total revenue up 11 per cent to US $1.4 billion, compared to US $1.3 billion in Q3 of 2012;
· network-wide passenger load factors of 81 per cent;
· passenger revenues up by 10 per cent to just over US $1.03 billion (2012: US $938 million); and
· cargo revenue up by 39 per cent to US $244 million (2012: US $176 million).
In addition to our own growth, our strategic partners continued to make a very important contribution to our performance.
Revenue from codeshare and equity alliance airline partners was US $247 million in Q3 2013, 36 per cent higher than the US $181 million delivered in Q3 2012.
Partnership contributions accounted for 23 per cent of total Q3 passenger revenue, while passenger numbers rose by 11 per cent to 3.06 million (2012: 2.75 million).
Q3 saw us continue to work closely with regulatory authorities in India on acquiring acquire 24 per cent of Jet Airways - the first offshore investment in an Indian airline under the country's Foreign Direct Investment legislation.
We also signed an agreement with the Government of Serbia to enter into a five-year contract to manage its national airline Air Serbia - currently trading as Jat Airways.
Elsewhere we increased our stake in Virgin Australia from 10.5 to 17.4 per cent, and launched partnerships with South African Airways, Air Canada, Belavia, and Korean Air, taking to 46 our number of codeshare agreements and expanding our virtual network to 375 destinations.
We introduced one new route in Q3, between Abu Dhabi and Sana'a in Yemen, and three aircraft joined the fleet - one new narrow-body Airbus A320, one new wide-body Boeing 777-300ER and a leased Airbus A330.
