Launching 29 transborder routes deflated Air Canada's forecast $72.2m profit by half. Operating cost per ASM increased 2%.
Proposals to float Air Liberté in late 1997 may depend on the success of 23 new French domestic routes launches planned for 1996.
Air New Zealand's international capacity increased 17.3% - but inbound tourism to New Zealand grew 6.5% compared to 14.3% in 1994.
AOM French Airlines contributed $6.8m to the net profit line of AOM Financial, on revenues of $621.8m.
Atlas Air's unit costs fell 17% owing to the economies of scale from its all-cargo fleet which grew from six 747-200Fs to 16 747-200Fs.
Canadian Airlines' larger loss was primarily due to a $36m restructuring charge, accounting changes of $29m and revenue shortfall of $39m.
Cathay's net margin rose one percentage point to 9.8%. Greater cost effectiveness showed in the profits and the strong yen helped boost revenues.
Traffic doubled to 3.12m passengers helping EVA Air reach profitability a year early. EVA forecasts a 1996 profit of $22m on revenue of $1.27b.
LOT's passenger traffic increased 16.2%. Load factors rose 3 points due to an RPK increase of 15.7% outstripping 10% capacity growth.
Qantas made savings of $111m, half its full year target. Debt was reduced by $183.8m. Cost per ASK rose 1.1%.
Labour disputes cost SAS between $49-56m, but restructuring brought a reduction in operating expenses of $182m on 1994.
TWA's revenue declined due to a 13.5% planned capacity decrease internationally and 3.3% system-wide.
Y = Year, H = Half year. * = pretax results. Currencies are converted into US dollars at average exchange rates during the reporting period. Per cent changes in local currencies.
Source: Airline Business
