tag:blogger.com,1999:blog-19902038.post114297137454586425..comments2023-10-25T20:39:53.572+05:30Comments on Graham to Livermore, I want to be all: Why do airline companies continue to fly ?Unknownnoreply@blogger.comBlogger2125tag:blogger.com,1999:blog-19902038.post-1143351825670697902006-03-26T11:13:00.000+05:302006-03-26T11:13:00.000+05:30Jit ram: Thanks for the information. Infact after ...Jit ram: Thanks for the information. Infact after reading that piece I should rephrase my question - Why do US airline companies continue to fly ? ;-)<BR/><BR/>-<BR/>Ravi.Ravi Purohithttps://www.blogger.com/profile/17616076999283569192noreply@blogger.comtag:blogger.com,1999:blog-19902038.post-1143281681043447322006-03-25T15:44:00.000+05:302006-03-25T15:44:00.000+05:30i don't know what the global aggregates are saying...i don't know what the global aggregates are saying. if u take a look at individual nos., then a handful of airlines have performed quite well in 2005. The overall picture is tainted mainly due to huge losses by American companies.<BR/><BR/>See this-<BR/>Singapore Airlines reported a rise of 66.8% in net income in 2005. Net income of Vergin Airlines grew by 10 times! Net income of British Airways grew by 100% while that of Air France KLM rose by 300%. Lufthansa earned a profit of half a million dollars. (the last three compnaies are the top three airlines in Europe in that order). Net income of Japan Airlines was USD 280 million and that of All Nippon Airways grew by modest 7% (these are the top 2 from Japan). <BR/><BR/>i think, results of the world's top 3 companies are a drag. in 2005, AMR which owns American Airlines lost USD 861 million whereas United Airlines reported net loss of USD 1,721 million. Delta Airlines lost USD 5.2 billion. the first 2 cos are trying to come out of bankruptcy, while Delta filed for ch 11 in 2005. Also, Northwest Airlines lost USD 862 million in 2004.<BR/><BR/>Now, it can be clear that the business is not as scary as it may be depicted by the aggregate nos!!<BR/><BR/>if u want to know why American guys are making losses please visit the link below -<BR/><BR/>http://www.bloomberg.com/apps/news?pid=10000039&sid=aRsvduNC.LUQ&refer=columnist_paulyRanjithttps://www.blogger.com/profile/06363568723945208018noreply@blogger.com