Air Transport World

Europe, Part 1

26.67$ of world passengers

30.39% of world RPKs

25.76% of world FTKs

AB Airlines: The British carrier went public during the spring with a share offering that was expected to raise $13.3 million, which it said it will use to expand as a niche operator from European hub airports.

AB had a pretax loss of $3.4 million in the year ended Nov. 30, on revenues of $18.9 million. In the previous year, it lost $1.3 million on revenues of $17.3 million. It is not anticipating profits for at least 18 months.

On the traffic front, passenger boardings were up 43.4% last year, to 177,000 and RPKs jumped 61.5% to 155 million.

AB flies from London Gatwick to Shannon, Lisbon and Berlin, and from Shannon to Birmingham and Stansted with three BAC1-11s and two 737-300s. It has placed a firm order for six 737-700s, with options for four more, for delivery beginning in 2001.

Adria: Although revenues dipped 1 .4% to $94 million, the Slovenian airline turned the profitability corner in 1997, posting an operating income of $471,674 and a net of $l.4 million. In 1996, it had an operating loss of $6.1 million and a net loss of $12.6 million.

New routes produced healthy growth in passenger traffic, with boardings rising 5.7% to 628,565 and RPKs climbing 3.3% to 677.3 million. FTKs, however, dipped 5.6% to 3.57 million. This year. Adria is forecasting gains of 5.7% in passengers, 4.7% in RPKs and 127% in FTKs as it adds three Canadair RJ-200s to its fleet of three A320s. two DC-9-30s and two Dash 7s.

Aer Lingus: The Irish carrier had another good year in 1997. posting gains of 10.9% to 5,270,000 in passengers, 5 8% to 6.45 billion in RPKs and 19.6% to 122 million in FTKs. It expects the growth to taper off a bit this year.

Aeroflot Russian: The Russian carrier had a prosperous year in 1997, and is looking for even better results in 1998, as it places two leased 777s and six 737s into service.

Revenues were up 9.8% last year to $1.4 billion, generating an operating profit of $47 million and a net of $34 4 million, compared with an operating loss of $58.8 million and a net profit of $55.5 million the previous year.

On the traffic front, passenger boardings rose 2.4% to 3,904,165, RPKs were level at 14.6 billion and FTKs climbed 1.1% to 545.3 million. Growth of 22.8% in passengers, 28.8% in RPKs and 12.4% in FTKs in forecast this year.

Aero-Lloyd: The German charter carrier told IACA that its passenger boardings soared 108.9% last year to 2,756,000 while RPKs advanced 6% to 6.6 billion. …

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