Bilancio 2016 Etihad: perdite per 1,87 miliardi di dollari


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Etihad Posts $1.87 Billion Loss in Worst Blow for Gulf Carriers


  • Abu Dhabi-based carrier hurt by low oil price, equity alliance
  • Dubai rival Emirates posted first profit drop for five years

Etihad Airways
posted a $1.87 billion annual loss, revealing the full extent of the pressures facing Persian Gulf carriers as they grapple with the impact of terrorism on global traffic flows and a low oil price that’s crimped local travel.

The 2016 loss came after Abu Dhabi-based Etihad booked a $1.06 billion charge from writing down the value of aircraft and a further $808 million hit from the reduced value of stakes in so called equity partners including struggling Air Berlin Plc and Italy’s Alitalia SpA, which filed for bankruptcy in May.

The earnings reversal, revealed Thursday, comes after Dubai-based Emirates, the biggest Gulf carrier and the world’s largest long-haul airline, in May reported its first annual profit decline for five years. Mideast airlines are facing the first serious challenge to years of breakneck expansion that have seen them exploit their position at a natural crossroads to win a major share of the lucrative inter-continental travel market.

“This year is just as challenging for the global aviation industry and the ever-evolving competitive environment is likely to impact overall performance in 2017,” Ray Gammell, interim chief executive officer of Etihad Aviation Group, said in a statement. The company didn’t publish full group numbers, and the hit from partners includes only the impact of commercial ties rather than losses there.

Etihad is continuing to implement group-wide changes as part of a strategic review, Gammell said, as well as assessing its minority holdings following an exit from Switzerland’s Darwin Airline last week.

The group is also continuing its search for a permanent CEO following the departure of Australian James Hogan, who hatched the investment strategy to catch up with rivals Emirates and Qatar Airways.

Yields, a measure of fares, fell 8 percent in the year, Etihad said. Prices dropped across all cabins, with business class worst hit as some premium travelers downgraded to economy with crude still in the doldrums.
https://www.bloomberg.com/news/arti...-billion-loss-in-worst-blow-for-gulf-carriers

 
Re: Etihad e compagnie aeree nella sua sfera d'influenza

Questo è il comunicato ufficiale. Da notare che i dati riguardano la sola Etihad Airways, non Etihad Investment Holding (che detiene le partecipazioni nelle altre compagnie) e nemmeno Global Loyalty (che detiene le partecipazioni nei programmi FF). Tutte e 3 le aziende citate sono a loro volta controllate al 100% da Etihad Aviation Group.

Abu Dhabi, UNITED ARAB EMIRATES – Etihad Airways today announced its 2016 financial results, recording a net loss of US$ 1.87 billion on US$ 8.36 billion in revenues as one-off impairment charges and fuel hedging losses weighed against a solid performance of the core airline.

The core airline business achieved steady passenger revenues of US$ 4.9 billion and 79% load factors while carrying a record 18.5 million passengers. Available seat kilometres (ASKs) increased by 9% to 113.9 billion. Yields fell 8% amid market capacity pressures and the tough global economic climate, but this was partially offset by an 11% reduction in unit costs.
Total impairments of US$ 1.9 billion included a US$ 1.06 billion charge on aircraft, reflecting lower market values and the early phase out of certain aircraft types. There was also a US$ 808 million charge on certain assets and financial exposures to equity partners, mainly related to Alitalia and airberlin.
Legacy fuel hedging contracts also had a negative bearing on performance in 2016, though this exposure is expected to have less of a financial impact during 2017.
A slowdown in the cargo market put increased pressure on cargo revenues and yields, and the airline saw a slight improvement in freight carried at 595,519 tonnes for the 12-month period.
H.E. Mohamed Mubarak Fadhel Al Mazrouei, Chairman of the Board of the Etihad Aviation Group, said: “A culmination of factors contributed to the disappointing results for 2016. The Board and executive team have been working since last year to address the issues and challenges through a comprehensive strategic review aimed at driving improved performance across the group, which includes a full review of our airline equity partnership strategy.
“The record passenger numbers in 2016 affirm Etihad’s role as a significant economic enabler for Abu Dhabi, and our airline business continues to support Abu Dhabi’s vision to develop tourism, grow commerce and strengthen links to key regional and international markets.”
Ray Gammell, Interim Group Chief Executive Officer, explained: “We are focused on maintaining the solid performance of our core airline business – operationally and financially – even amid difficult market headwinds. At the same time, we continue to implement changes across the group as part of the comprehensive strategic review, with a focus on improving revenues and reducing costs.
“During 2016, the airline commenced a Right Size & Shape programme that generated total overhead savings of 4% through headcount reductions and other measures by the end of the year, even as capacity and total passenger number increased.
“This year is just as challenging for the global aviation industry and the ever-evolving competitive environment is likely to impact overall performance in 2017. However, our airline business remains strong and class-leading, and as an aviation group, we are in a stronger position.”
Peter Baumgartner, Chief Executive Officer of Etihad Airways, added: “We are in an industry characterised by overcapacity, declining market sizes on key routes, and changing customer behaviour as a weak global economy affects spending appetite.
“Our answer to these challenges is innovation and reinvention, and this gives Etihad Airways a competitive edge as we seek to leverage opportunities offered to us by a changing environment.
“Operationally, we performed well in 2016. We maintained load factor levels even as we increased capacity. Yields were under pressure in all cabins, with Business Class impacted particularly as corporate travel policies continued to encourage flyers to downgrade to Economy.
“Our fuel hedging positions, which helped manage fuel spend during the oil price boom, yet significantly impacted our cost base last year, will taper during 2017. We are also seeing promising improvements in the contribution made by our ancillary revenue strategies, and we expect those to offset some of the yield declines.”


2016 PERFORMANCE INDICATORS OF ETIHAD AIRWAYS:

[TABLE="width: 421"]
[TR]
[TD="width: 255"]Key Indicators[/TD]
[TD="width: 97"]2016[/TD]
[TD="width: 68"]2015[/TD]
[/TR]
[TR]
[TD="width: 255"]Passenger Revenue (US$ billion)[/TD]
[TD="width: 97"]4.9[/TD]
[TD="width: 68"]4.9[/TD]
[/TR]
[TR]
[TD="width: 255"]Cargo Revenue (US$ billion)[/TD]
[TD="width: 97"]0.9[/TD]
[TD="width: 68"]1.0[/TD]
[/TR]
[TR]
[TD="width: 255"]Total Revenue (US$ billion)[/TD]
[TD="width: 97"]8.36[/TD]
[TD="width: 68"]9.0[/TD]
[/TR]
[TR]
[TD="width: 255"]Net (loss)/profit (US$ million)[/TD]
[TD="width: 97"](1,873)[/TD]
[TD="width: 68"]103[/TD]
[/TR]
[TR]
[TD="width: 255"]Total passengers (million)[/TD]
[TD="width: 97"]18.5[/TD]
[TD="width: 68"]17.6[/TD]
[/TR]
[TR]
[TD="width: 255"]Revenue passenger kilometres (billion)[/TD]
[TD="width: 97"]89.5[/TD]
[TD="width: 68"]83.2[/TD]
[/TR]
[TR]
[TD="width: 255"]Available seat kilometres (billion)[/TD]
[TD="width: 97"]113.9[/TD]
[TD="width: 68"]104.8[/TD]
[/TR]
[TR]
[TD="width: 255"]Seat factor[/TD]
[TD="width: 97"]78.6%[/TD]
[TD="width: 68"]79.4%[/TD]
[/TR]
[TR]
[TD="width: 255"]Number of aircraft[/TD]
[TD="width: 97"]119[/TD]
[TD="width: 68"]121[/TD]
[/TR]
[TR]
[TD="width: 255"]Cargo tonnage (tonnes ‘000)[/TD]
[TD="width: 97"]596[/TD]
[TD="width: 68"]591[/TD]
[/TR]
[/TABLE]

http://www.etihad.com/it-it/about-u...017/etihad-airways-reports-net-loss-for-2016/
 
Re: Etihad e compagnie aeree nella sua sfera d'influenza

Questo è il comunicato ufficiale. Da notare che i dati riguardano la sola Etihad Airways, non Etihad Investment Holding (che detiene le partecipazioni nelle altre compagnie) e nemmeno Global Loyalty (che detiene le partecipazioni nei programmi FF). Tutte e 3 le aziende citate sono a loro volta controllate al 100% da Etihad Aviation Group.

Abu Dhabi, UNITED ARAB EMIRATES – Etihad Airways today announced its 2016 financial results, recording a net loss of US$ 1.87 billion on US$ 8.36 billion in revenues as one-off impairment charges and fuel hedging losses weighed against a solid performance of the core airline.

The core airline business achieved steady passenger revenues of US$ 4.9 billion and 79% load factors while carrying a record 18.5 million passengers. Available seat kilometres (ASKs) increased by 9% to 113.9 billion. Yields fell 8% amid market capacity pressures and the tough global economic climate, but this was partially offset by an 11% reduction in unit costs.
Total impairments of US$ 1.9 billion included a US$ 1.06 billion charge on aircraft, reflecting lower market values and the early phase out of certain aircraft types. There was also a US$ 808 million charge on certain assets and financial exposures to equity partners, mainly related to Alitalia and airberlin.
Legacy fuel hedging contracts also had a negative bearing on performance in 2016, though this exposure is expected to have less of a financial impact during 2017.
A slowdown in the cargo market put increased pressure on cargo revenues and yields, and the airline saw a slight improvement in freight carried at 595,519 tonnes for the 12-month period.
H.E. Mohamed Mubarak Fadhel Al Mazrouei, Chairman of the Board of the Etihad Aviation Group, said: “A culmination of factors contributed to the disappointing results for 2016. The Board and executive team have been working since last year to address the issues and challenges through a comprehensive strategic review aimed at driving improved performance across the group, which includes a full review of our airline equity partnership strategy.
“The record passenger numbers in 2016 affirm Etihad’s role as a significant economic enabler for Abu Dhabi, and our airline business continues to support Abu Dhabi’s vision to develop tourism, grow commerce and strengthen links to key regional and international markets.”
Ray Gammell, Interim Group Chief Executive Officer, explained: “We are focused on maintaining the solid performance of our core airline business – operationally and financially – even amid difficult market headwinds. At the same time, we continue to implement changes across the group as part of the comprehensive strategic review, with a focus on improving revenues and reducing costs.
“During 2016, the airline commenced a Right Size & Shape programme that generated total overhead savings of 4% through headcount reductions and other measures by the end of the year, even as capacity and total passenger number increased.
“This year is just as challenging for the global aviation industry and the ever-evolving competitive environment is likely to impact overall performance in 2017. However, our airline business remains strong and class-leading, and as an aviation group, we are in a stronger position.”
Peter Baumgartner, Chief Executive Officer of Etihad Airways, added: “We are in an industry characterised by overcapacity, declining market sizes on key routes, and changing customer behaviour as a weak global economy affects spending appetite.
“Our answer to these challenges is innovation and reinvention, and this gives Etihad Airways a competitive edge as we seek to leverage opportunities offered to us by a changing environment.
“Operationally, we performed well in 2016. We maintained load factor levels even as we increased capacity. Yields were under pressure in all cabins, with Business Class impacted particularly as corporate travel policies continued to encourage flyers to downgrade to Economy.
“Our fuel hedging positions, which helped manage fuel spend during the oil price boom, yet significantly impacted our cost base last year, will taper during 2017. We are also seeing promising improvements in the contribution made by our ancillary revenue strategies, and we expect those to offset some of the yield declines.”


2016 PERFORMANCE INDICATORS OF ETIHAD AIRWAYS:

[TABLE="width: 421"]
[TR]
[TD="width: 255"]Key Indicators[/TD]
[TD="width: 97"]2016[/TD]
[TD="width: 68"]2015[/TD]
[/TR]
[TR]
[TD="width: 255"]Passenger Revenue (US$ billion)[/TD]
[TD="width: 97"]4.9[/TD]
[TD="width: 68"]4.9[/TD]
[/TR]
[TR]
[TD="width: 255"]Cargo Revenue (US$ billion)[/TD]
[TD="width: 97"]0.9[/TD]
[TD="width: 68"]1.0[/TD]
[/TR]
[TR]
[TD="width: 255"]Total Revenue (US$ billion)[/TD]
[TD="width: 97"]8.36[/TD]
[TD="width: 68"]9.0[/TD]
[/TR]
[TR]
[TD="width: 255"]Net (loss)/profit (US$ million)[/TD]
[TD="width: 97"](1,873)[/TD]
[TD="width: 68"]103[/TD]
[/TR]
[TR]
[TD="width: 255"]Total passengers (million)[/TD]
[TD="width: 97"]18.5[/TD]
[TD="width: 68"]17.6[/TD]
[/TR]
[TR]
[TD="width: 255"]Revenue passenger kilometres (billion)[/TD]
[TD="width: 97"]89.5[/TD]
[TD="width: 68"]83.2[/TD]
[/TR]
[TR]
[TD="width: 255"]Available seat kilometres (billion)[/TD]
[TD="width: 97"]113.9[/TD]
[TD="width: 68"]104.8[/TD]
[/TR]
[TR]
[TD="width: 255"]Seat factor[/TD]
[TD="width: 97"]78.6%[/TD]
[TD="width: 68"]79.4%[/TD]
[/TR]
[TR]
[TD="width: 255"]Number of aircraft[/TD]
[TD="width: 97"]119[/TD]
[TD="width: 68"]121[/TD]
[/TR]
[TR]
[TD="width: 255"]Cargo tonnage (tonnes ‘000)[/TD]
[TD="width: 97"]596[/TD]
[TD="width: 68"]591[/TD]
[/TR]
[/TABLE]

http://www.etihad.com/it-it/about-u...017/etihad-airways-reports-net-loss-for-2016/
.....gulp.......facendo le debite proporzioni AB ed AZ non vanno poi cosi male direi
 
Re: Etihad e compagnie aeree nella sua sfera d'influenza

ETIHAD AIRWAYS PRESENTA LE NOVITA’ INTRODOTTE PER I SERVIZI DI TERRA E DI BORDO

· Nuova opzione a pagamento “Neighbour-Free Seat” in Economy Class
· Nuova opzione a pagamento per l’accesso alla Premium Lounge per la classe Economy
· Upgrade a pagamento per la classe Business per accedere alla Lounge e alla Spa di First Class
· I servizi di chauffeur per la classe First e Business diventeranno a pagamento per tutte le destinazioni internazionali
· Gli ospiti di Economy Class potranno usufruire del servizio Chauffeur di Etihad a pagamento.
· Servizi chauffeur gratuiti e no-stop ad Abu Dhabi per tutti gli ospitidi Business e First Class aventi diritto


Etihad Airways sta introducendo alcune novità pensate per offrire maggior valore e flessibilità ai propri servizi, a partire dal feedback ricevuto dai propri ospiti.

La compagnia ha deciso di rivedere il servizio chauffeur dopo averne analizzato l'utilizzo da parte degli ospiti premium in tutti i principali mercati. Il servizio chauffeur gratuito rimarrà invariato presso l’hub di Etihad Airways ad Abu Dhabi, mentre in tutte le altre città verrà sostituito con un'opzione a pagamento con tariffe speciali. Le variazioni nel servizio saranno applicate a partire dal 3 luglio 2017.

Nell’ottica di migliorare il valore del servizio offerto ai passeggeri, la compagnia estenderà inoltre l'opzione di trasferimento aeroportuale a pagamento agli ospiti di tutte le classi. I membri di Etihad Guest potranno così accumulare miglia grazie alle prenotazioni del servizio chauffeur.

Gli ospiti che viaggiano in The Residence a bordo della flotta aerea Airbus A380 continueranno a usufruire del servizio chauffeur per tutte le destinazioni su cui viaggiano i velivoli A380, ovvero Abu Dhabi, Londra, Parigi, Sydney e New York.



I biglietti di First e Business Class emessi prima del 3 luglio 2017 non saranno coinvolti da questi cambiamenti e gli ospiti riceveranno un servizio gratuito di chauffeur per tutte le destinazioni su cui il servizio è attualmente valido.

"Etihad Airways cerca costantemente di migliorare il valore del servizio offerto ai propri ospiti, concentrandosi sulle caratteristiche che essi ritengono più importanti. L’introduzione di queste novità da parte della Compagnia risponde alla volontà di migliorare la propria offerta, pur continuando a soddisfare le esigenze dei singoli clienti. A seguito di una revisione, il servizio chauffeur che offriremo sarà modificato a livello globale, a eccezione di Abu Dhabi, dove si concentra un numero elevato di utenti del servizio stesso”, ha affermato Mohammad Al Bulooki, Executive Vice President Commercial di Etihad Airways.

"Molti clienti preferiscono organizzare autonomamente il trasporto a terra. Etihad Airways ha deciso di modificare l’offerta per offrire maggiore scelta e per garantire che le tariffe restino il più basse e il più competitive possibile, offrendo allo stesso tempo il miglior servizio per tutti gli ospiti, in tutte le classi ".

Inoltre, Etihad Airways offrirà agli ospiti della classe Economy un accesso a pagamento al suo sempre più ampio portafoglio di lounge dedicate in tutto il mondo, comprese le Premium Lounge ad Abu Dhabi, Londra, Manchester, Dublino, Parigi, Washington D.C., New York JFK, Sydney, Melbourne e Los Angeles.

"Per quanto riguarda il servizio di terra, gli ospiti della classe Premium potranno usufruire dell'accesso gratuito alla eccezionale collezione di lounge di Etihad Airways. Grazie all’accesso a pagamento riservato agli ospiti della classe Economy, queste caratteristiche lounge possono essere utilizzate da tutti coloro che desiderano sperimentare le nostre rinomate e pluripremiate strutture", ha dichiarato Al Bulooki.

Gli ospiti che viaggiano con un biglietto Etihad Airways di Business Class possono ottenere un upgrade a pagamento per avere accesso alla lussuosa First Class Lounge & Spa quando sono in viaggio da Abu Dhabi o fanno scalo nell’aeroporto.

Per quanto riguarda i servizi di bordo, Etihad Airways ha introdotto l’innovativa opzione ‘Neighbour-Free Seat’ per la classe Economy. Questo servizio offre agli ospiti la possibilità di migliorare la propria esperienza di volo “lanciando un’offerta” per un massimo di tre posti liberi che si trovano vicino a quello assegnato, in base alla disponibilità e alla configurazione della cabina.

Questo consente agli ospiti di aumentare lo spazio, il comfort e la privacy, ad un prezzo accessibile. Gli ospiti possono sottoscrivere l’offerta al momento della prenotazione online. Se a buon fine, l’opzione verrà confermata 30 ore prima della partenza.

Per maggiori informazioni in merito ai cambiamenti apportati al servizio chauffeur, alla nuova opzione ‘Neighbour-Free Seat’ e alla policy di accesso alle lounge consultare il sito etihad.com

Chiamare "ospiti" i clienti che pagano per acquistare un contratto di viaggio mi sembra davvero un utilizzo distorto del termine; cosi' come promuovere "opzioni a pagamento" che sono l'ordinario di altri ennemila vettori nel mondo!

A casa mia il "servizio chauffeur a pagamento" si chiama taxi!

Anche alle mie latitudini console!


Complimentissimi a Mr Hogan, liquidazione ben guadagnata direi! E' arrivato a Fiumicino come Mose' attraversando il Mar Rosso, e tutti a sbavargli dietro, LCDM in primis.
E gia' faceva danni abissali in casa sua. Incredibile 'sta botta, gli amici emiratini con questi giocattoli volanti sembrano un po' a disagio quando si tratta di fargli fare utili, salvo metterci continuamente soldi; ecco perche' JH chiedeva soldi allo stato italiano, era abituato cosi'!
 
Re: Bilancio 2016 Etihad

Ho fatto due conti, dai quali mi risulta un revenue per pax di 226.38€ per EY, rispetto ai 285,47€ di EK.
 
Re: Bilancio 2016 Etihad

Ho fatto due conti, dai quali mi risulta un revenue per pax di 226.38€ per EY, rispetto ai 285,47€ di EK.

Bisognerebbe fare il calcolo per chilometro, perché è possibile che il segmento medio di EY sia più breve di quello di EK (mi pare che EK serva molte più destinazioni negli USA, e questo dovrebbe portare a un incremento notevole della lunghezza media dei segmenti).
 
Re: Bilancio 2016 Etihad

Efato, vado oltre le scaramucce e ti chiedo un commento serio dei dati e una nota su come in EY si intenda porre rimedio a tale risultato per invertire il segno negativo nel bilancio del prossimo anno.
 
Re: Bilancio 2016 Etihad

...The reality is that all of the factors that contributed to the 2016 performance are continuing through into 2017 and so require us to evolve and transform our business with a combined effort of a relentless focus on cost, and a paralleled concentration on generating revenue. ...
 
Re: Bilancio 2016 Etihad

...The reality is that all of the factors that contributed to the 2016 performance are continuing through into 2017 and so require us to evolve and transform our business with a combined effort of a relentless focus on cost, and a paralleled concentration on generating revenue. ...

All the airlines loss makers are telling the same story...but we all perfectly know that EY is not an airline business but Abu Dhabi business :)

what has EY contribution been to the airline/aviation industry since 2003 ? nada de nada only losses or small profits...

sorry to be direct
 
Re: Bilancio 2016 Etihad

Bisognerebbe fare il calcolo per chilometro, perché è possibile che il segmento medio di EY sia più breve di quello di EK (mi pare che EK serva molte più destinazioni negli USA, e questo dovrebbe portare a un incremento notevole della lunghezza media dei segmenti).

CASK e RASK credo siano paragonabili al quarto segreto di Fatima per Etihad e partners... Quelli di AZ li sto chiedendo, e invano, da un annetto. Magari quelli di EY saranno piu facili da reperire.
 
Re: Bilancio 2016 Etihad

CASK e RASK credo siano paragonabili al quarto segreto di Fatima per Etihad e partners... Quelli di AZ li sto chiedendo, e invano, da un annetto. Magari quelli di EY saranno piu facili da reperire.

il RASK di AB (Etihad partner) nel 2016 è stato €c 6,97 mentre il CASK €c 7,60 ( excluding activities not related to core operations)
 
Re: Bilancio 2016 Etihad

Efato, io e altri due moderatori stiamo cancellando contemporaneamente tuoi messaggi. Astieniti, per favore, dall'insultare altri membri
 
Re: Bilancio 2016 Etihad

All the airlines loss makers are telling the same story...but we all perfectly know that EY is not an airline business but Abu Dhabi business :)

what has EY contribution been to the airline/aviation industry since 2003 ? nada de nada only losses or small profits...

sorry to be direct

Sei un po confuso...
 
Re: Bilancio 2016 Etihad

Guarda, cancella prima quelli degli altri. Io sono sempre provocato...

Abbiamo cancellato vari messaggi - sia tuoi che di altri. Da insider quale sei sarebbe auspicabile - se vuoi - un commento sul bilancio. In passato sembrava tu volessi lasciare intendere che la situazione non era particolarmente critica.
 
Re: Bilancio 2016 Etihad

il RASK di AB (Etihad partner) nel 2016 è stato €c 6,97 mentre il CASK €c 7,60 ( excluding activities not related to core operations)

Maria.

Grazie per l'info, chissà quello di AZ o EY.
 
Re: Etihad e compagnie aeree nella sua sfera d'influenza

Total impairments of US$ 1.9 billion included a US$ 1.06 billion charge on aircraft, reflecting lower market values and the early phase out of certain aircraft types. There was also a US$ 808 million charge on certain assets and financial exposures to equity partners, mainly related to Alitalia and airberlin.
Qualcuno puo' spiegare meglio a cosa siano dovuti questi "one-off impairments"?
Perche' levandoli, da un punto di vista strettamente operativo, risulterebbe in realta' un bilancio tutto sommato in utile o sbaglio?
 
Re: Bilancio 2016 Etihad

Sei un po confuso...

confuso su cosa ? tutte le compagnie aeree che perdono soldi dicono la stessa cosa, riduzione dei costi e focus su come generare revenue (in particolare per EY additional revenue generato dalle ancillaries)

E' lo stesso vostro presidente che dice che EY serve per Abu Dhabi, sotto la sua dichiarazione :

“The record passenger numbers in 2016 affirm Etihad’s role as a significant economic enabler for Abu Dhabi, and our airline business continues to support Abu Dhabi’s vision to develop tourism, grow commerce and strengthen links to key regional and international markets.”

invece di insultare spiega se vuoi sennò non rispondere, certo che è veramente spiacevole che uno che lavora in una compagnia aerea sia cosi poco educato e spocchioso, non fai fare una bella figura a tutta la categoria...