The sagar online media Daily
The sagar online media Daily
ExtraSensory.News: Online news overtakes TV news as America’s most popular source of information
Shared by
The Shift
The Shift
XTrade Europe and Online Trading Challenges ~ Wazzup Pilipinas News and Events
Shared by
Pinoy Tekkie
Pinoy Tekkie
Senior Media Planner Job in New York City, NY | Senior Media Planner’,’219453′,’!*! Welcome to SapientNitro. We’re an agency changing the game — redefining the way that brands engage consumers by creating compelling stories and experiences that attract and resonate across an ever-evolving landscape.
Shared by
PlanningCrossing
PlanningCrossing
7 Ways to Build Your Brand With Social Media Marketing
Shared by
Sootle SMM
Sootle SMM
business.com – It doesn’t matter whether you want to sell your products or want to get more visitors to your site there are no other options but to build your brand. A recent Marketing Budgets 2016 Report researc…
More than a third of UK companies have turned down a job candidate based on their social media profile
Shared by
Workforce Insights
Workforce Insights
onrec.com – Research* conducted by Monster.co.uk and YouGov has revealed that more than a third (36%) of UK employers have turned down a candidate based on their Facebook, Instagram, Twitter or LinkedIn profil…
Media silent on surge in Islam-inspired knife attacks
The Buddhist Times.News Daily
How New York Times Company evolved its syndication and licensing for future growth
Shared by
Boris Krumov
Boris Krumov
Three days after removing human editors, Facebook is already trending fake news
Shared by
Jens Ch. Mikkelsen
Jens Ch. Mikkelsen
Our View: A beat down of cosmic proportion
news.google.com/news
magicvalley.com – Times News said: “We’re proud to run the column and believe Larson brings insights worth sharing with our readers.” Times News, you are PROUD to run these columns? That makes me ashamed of you. The…
The fashion trends Daily
40 Hottest Men’s Accessories – Stylishwife
Shared by
さかな
さかな
stylishwife.com – Men and fashion accessories? Well, today with the advance of the metrosexual man onto the horizon, there are many fashion accessories that men are into not to mention many beauty treatments that th…
Schools Depend Upon the Integrity of Their Leaders
The Enkaysagar Holdings PLtd Daily
At every step of the way 1.25 billion people of India will stand by Myanmar: PM Modi
The Naresh Kumar Sagar Daily
Welcome to demokrasi: how Erdogan got more popular than ever | Christopher de Bellaigue
Shared by
The Guardian
The Guardian
theguardian.com – The village headman, or muhtar, is the plankton in the food chain of Turkish politics. He – or, less often, she – is an elected local official who counts heads, settles feuds, and finds cats. On th…
-
Московская активистка Ирина Калмыкова в Вильнюсе
Shared by
X Soviet -
Tulisa – Sweet Like Chocolate | Teaser
Shared by
Pokemom -
PM Modi at the inauguration of first phase of SAUNI project in Jamnagar
Shared by
Gujarat Information -
Carl Sagan Hindu Cosmology
Shared by
Swadeshi Vichaar -
Killa Fresh – She in Love Wit A Gangsta [Thizzler.com Exclusive]
Shared by
#365BLAZE -
N.LABAKI & D.ARBID, le triomphe du cinéma libanais
Shared by
TV5MONDE -
Economy Matters April 2016
Shared by
Dept. Int. Trade Ind -
Best Kept Secret Calgary Day Trip – Cool Little Towns
Shared by
Caroline Watts
At every step of the way 1.25 billion people of India will stand by Myanmar: PM Modi
Shared by
Swadeshi Vichaar
Swadeshi Vichaar
Día Internacional de las Víctimas de Desapariciones Forzadas – 30 de agosto
Shared by
UN Human Rights
UN Human Rights
un.org – La desaparición forzada se ha usado a menudo como estrategia para infundir el terror en los ciudadanos. La sensación de inseguridad que esa práctica genera no se limita a los parientes próximos del…
La inspiración de Talavante y Simón trae el toreo a La Corredera – Cultoro.com
Shared by
Iñaki Cano Jicy
Iñaki Cano Jicy
How Krishna was transformed from a tribal deity to a supreme god in the Puranic tradition
Shared by
Manish Sirsiwal
Manish Sirsiwal
European Commission says ‘ball still rolling’ on trade deal with U.S. after German comments
Shared by
TTIP Action
TTIP Action
Twitter users come out in support of OpIndia co-founder as trolls target his personal life
Shared by
Bhakt
Bhakt
No Arvind Kejriwal in Anna Hazare biopic: Director Shashank Udapurkar says he wanted to keep negativity away – India.com
Shared by
Sneha Arora
Sneha Arora
Colin Kaepernick Is Righter Than You Know: The National Anthem Is a Celebration of Slavery
Shared by
Shuvankar Mukherjee
Shuvankar Mukherjee
NGO goes to court over ‘noisy’ Navratri mandal
Shared by
radha raju
radha raju
mid-day.com – The issue began when the mandal was refused permission to conduct any activities, as the area had been notified a silence zone early this year and an eye hospital and nursing clinic were in the imm…
Home Affairs Ministry invites civilian control over departments
Shared by
The Myanmar Times
The Myanmar Times
mmtimes.com – In a dramatic redrafting of local governance, the Ministry of Home Affairs has agreed to at least partially relinquish control of the police, the Bureau of Special Investigations, the Fire Service …
SAUNI Now Rs.33,100 Cr to Rs.50,000 Cr Scam – Little Water
August30, 2016 (C) Ravinder Singh progressindia2015@gmail.com
CWC, PWD and Irrigation departments in India are Extremely Corrupt and
Incompetent and progress of states and regions is Greatly Hindered by
first Floods in Monsoon and then Drought post monsoon.
Incompetent and progress of states and regions is Greatly Hindered by
first Floods in Monsoon and then Drought post monsoon.
Gujarat is worst case because over 50,000 MCM water pass through
Gujarat rivers to sea normally and twice more in good monsoon year yet
out of 27 districts 20 districts have no storage water even for
drinking and municipal supply in normal year.
Gujarat rivers to sea normally and twice more in good monsoon year yet
out of 27 districts 20 districts have no storage water even for
drinking and municipal supply in normal year.
12 districts in Saurashtra & Kutchh Regions have just 720 MCM of live
storage capacity on 29-08-2016 as Monsoon is already withdrawing. For
40m population approximately water available in storages is just 2 MCM
per day or just 50 Liters Per Capita Per day but this too is subjected
to SEEPAGE & EVAPORATION.
storage capacity on 29-08-2016 as Monsoon is already withdrawing. For
40m population approximately water available in storages is just 2 MCM
per day or just 50 Liters Per Capita Per day but this too is subjected
to SEEPAGE & EVAPORATION.
SAUNI project was originally estimated to cost Rs.10,000 Cr, now
estimated to cost Rs.33,100 Cr but to cost much more than Rs.50,000 Cr
due to high O&M Cost.
estimated to cost Rs.33,100 Cr but to cost much more than Rs.50,000 Cr
due to high O&M Cost.
SAUNI Rs.50,000 Cr Scam?
Most of 1 maf water is drawn from Narmada Canal system to be DUMPED
in 115 SMALL DAMS which has lowest efficiency – 50% to 90% water is
lost to Evaporation & Seepage. Little water be available for
consumption.
No water will be available in most of them from March-June months.
Narmada Piped water supply network already Existed Operating 365 days.
Rs.50,000 Cr Could Create 20 MAF New Storage Capacity in Upstream sites.
201 Dams [Excluding Ukai & SSP] has 4170 MCM Present Live Water only.
Most of 1 maf water is drawn from Narmada Canal system to be DUMPED
in 115 SMALL DAMS which has lowest efficiency – 50% to 90% water is
lost to Evaporation & Seepage. Little water be available for
consumption.
No water will be available in most of them from March-June months.
Narmada Piped water supply network already Existed Operating 365 days.
Rs.50,000 Cr Could Create 20 MAF New Storage Capacity in Upstream sites.
201 Dams [Excluding Ukai & SSP] has 4170 MCM Present Live Water only.
Ravinder Singh, Inventor & Consultant, INNOVATIVE TECHNOLOGIES AND PROJECTS
Y-77, Hauz Khas, New Delhi-110016, India. Ph; 091- 9871056471,
9718280435, 9650421857
Y-77, Hauz Khas, New Delhi-110016, India. Ph; 091- 9871056471,
9718280435, 9650421857
Sagar Media Inc
Sagar Media Inc
News and Views
Shared by
Sagar Media Inc
Sagar Media Inc
sagarmedianews.wordpress.com – Rs.7,000 cr including Rs.4,200 cr funded by World Bank for Inland Waterways -1 and Rs.20,000 Cr for cleaning Ganga were approved and flood control, Dam Storages were neglected by this Government. T…
Newdelhi Samachara
Shared by
Sagar Media Inc
Sagar Media Inc
newdelhisamachara.wordpress.com – Rs.7,000 cr including Rs.4,200 cr funded by World Bank for Inland Waterways -1 and Rs.20,000 Cr for cleaning Ganga were approved and flood control, Dam Storages were neglected by this Government. T…
Ind Mine News
Shared by
Sagar Media Inc
Sagar Media Inc
indminenews.wordpress.com – Rs.7,000 cr including Rs.4,200 cr funded by World Bank for Inland Waterways -1 and Rs.20,000 Cr for cleaning Ganga were approved and flood control, Dam Storages were neglected by this Government. T…
Sagar Media News
Shared by
Sagar Media Inc
Sagar Media Inc
sagarmedianews.wordpress.com – New Delhi, August 2016: Mrs. India Beauty Queen (MIBQ) powered by WOWW foundation by Rose Khaira and MIBQ Foundation, directed by Bir Kaur Dhillon is a beauty pageant for married women that celebra…
Asean News
Shared by
Sagar Media Inc
Sagar Media Inc
aseannews.wordpress.com – New Delhi, August 2016: Mrs. India Beauty Queen (MIBQ) powered by WOWW foundation by Rose Khaira and MIBQ Foundation, directed by Bir Kaur Dhillon is a beauty pageant for married women that celebra…
Aishwaryaa Rajinikanth Dhanush announced as UN Women’s
|
|
|
|
|
|
|
STRONG QUARTER FOR AIRASIA
STRONG QUARTER FOR AIRASIA
23% INCREASE IN REVENUE
149% INCREASE IN NET OPERATING PROFIT
41% INCREASE IN PROFIT AFTER TAX
10% INCREASE IN PASSENGERS CARRIED
· Load Factor at 87% (up 7 ppts) | · Load Factor at 85% (up 6 ppts) |
· Passengers Carried up 10% YoY |
· Passengers Carried up 12% YoY
|
· Revenue up 23% YoY | · Revenue at RM2.77 billion |
· Operating Profit up 80% YoY | · Profit Before Tax at RM 212.42 million |
· Net Operating Profit up 149% YoY· Profit After Tax up 41% YoY | |
· EBIT Margin of 26% (up 9 ppts) | |
· EBITDAR Margin of 44% (up 9 ppts) |
SEPANG, 29 August 2016 – AirAsia Berhad (“AirAsia” or “the Company”) today reported its results for the quarter ended 30 June 2016 (“2Q16”).
Malaysia
AirAsia posted quarterly revenue of RM1.62 billion, up 23% from the revenue reported in the same quarter last year. The strong revenue recorded was on the back of a 10% year-on-year (“YoY”) growth in the number of passengers carried at 6.55 million which was well ahead of the 1% capacity growth, allowing the Company to record a strong load factor of 87%, a growth of 7 percentage points (“ppts”) YoY.
In 2Q16, AirAsia recorded operating profit of RM414.61 million (up 80% YoY) and net operating profit of RM 276.26 million (up 149% YoY). During the quarter under review, the Company posted Revenue per Available Seat Kilometre (“RASK”) of 13.35 sen (up 11% YoY) for its airline business. Average fare sustained its upward momentum and recorded an increase to RM153 (up 8% YoY) on the back of strong and healthy demand. These allowed the Company to post a profit after tax of RM341.88 million (up 41% YoY) for the period under review – Continuing its trend of strong and sustainable earnings growth.
AirAsia Berhad CEO, Aireen Omar said, “We saw good growth and earnings in this quarter despite it historically being our leanest. The highest growth seen among our ancillary products are sale of inflight merchandise (up 400% YoY), AirAsia Courier (up 86%) and connecting fees for our ‘Fly-Thru’ service (up 65% YoY). These led to the Company recording an ancillary income per pax of RM48 this quarter (up 5% YoY). The Group recorded a 32% YoY increase for Fly-Thru traffic, and Kuala Lumpur remains the largest transit hub with 83% AirAsia Group Fly-Thru traffic with the growth of 31% YoY.”
The Company’s cost, measured in terms of Cost per Available Seat Kilometre (“CASK”) was reported at 11.48 sen, reduced by 2% YoY. The lower cost was mainly due to 21% lower fuel expenses as average fuel price fell 24% to USD59 per barrel YoY despite a 4% increase in fuel consumption. This was partially offset by the 77% increase in lease expense due to 16 additional sale and leaseback, and increase in maintenance and user charges costs due to 2 additional operational fleet YoY. With this, the Company maintains its position as the lowest cost airline in the world.
On balance sheet, Aireen highlighted, “The management monitors the Company’s net gearing level closely to ensure that it is constantly at a healthy and comfortable level. The Company’s net gearing ratio continues to show improvement quarter-on quarter (“QoQ”), reported at 1.64 times at the end of 2Q16, 11% lower compared to the previous quarter due to 2% decrease in total debt and higher total equity.”
Meanwhile, commenting on the Company’s outlook, AirAsia’s Group Chief Executive Officer, Tony Fernandes said, “In Malaysia, demand remains extremely robust and we foresee this to improve in the coming quarters as consumer sentiment is picking up in the domestic economy. Indian travellers entering Malaysia grew by 34% YoY and this shows our brand strengthening in the Indian market as we mount more domestic and international flights there. The Indian market coupled with both China and Asean will be key to our growth – We are the only airline that connects from China to Asean to India via our strong associate network. Based on our performance and trend for the first half of the year, we believe 2016 will be a very good year for the Company”.
Adding on the outlook of cost environment, he said, “We remain beneficiaries of the low fuel price, with all associates observing lower aircraft fuel expense, leading to lower CASK for the Group. For 2016 we have hedged 75% of our fuel requirements as a Group at an average cost of USD56 per barrel on jet kerosene. Meanwhile, we have hedged approximately 45% for 2017 of our fuel requirements at an average cost of USD58 per barrel.”
AirAsia Group – Proforma Consolidated Results of AirAsia Berhad and Associate Airlines
Segment reporting of associates are included in the quarterly Bursa Announcement (Note 9). The operating segments have been identified by each Air Operating Certificate (“AOC”) held within the AirAsia Group (“Group”), and are categorised as Malaysia, Thailand, Indonesia, Philippines, India and Japan.
The Group posted quarterly revenue of RM2.77 billion while operating profit for the Group was recorded at RM425.66 million. The Group’s profit before taxation for the quarter under review is recorded at RM212.42 million, while cash balances stood at RM2.71 billion.
On consolidation of accounts for the whole Group, the Company’s auditor attempted to revisit their opinion on this matter and we are hopeful that the Group will be allowed to consolidate and therefore present a fairer view of the Group’s performance and financial position.
Thailand
Thai AirAsia (“TAA”) posted revenue of THB7.77 billion in 2Q16, an increase of 13% from the same period last year while net operating profit increased by 69% YoY to THB671.80 million. This led the associate to post a profit after tax of THB767.56 million (up 105% YoY) in 2Q16. Tony commenting on TAA’s performance, “During the quarter, TAA recorded 18% YoY increase in passenger numbers ahead of capacity growth of 13%, with load factor increasing by 3 ppts to 83% due to the strong tourist arrivals from China and Asean which grew by 14% and 6% respectively despite the quarter being a low travel period. RASK decreased to THB1.51 (down 3% YoY). However, CASK reduced by 6% YoY to THB1.38 due to 17% drop in fuel expenses, following the 29% YoY reduction of average fuel price from USD84 per barrel to USD60 per barrel.”
Tony highlighted, “Thailand sustained its strong growth momentum as the tourism industry shows no signs of slowing down. TAA has put in place additional capacity to capitalise on this growing demand by taking in 2 additional aircraft and by launching 7 new routes in 2Q16. The Tourism Council of Thailand forecast 3Q16 tourist arrivals to grow further by 11.5% YoY. TAA has performed ahead of the industry and sustain its leadership position in the highly competitive Thai market through rapid capacity expansion and increasing frequency as well as the number of routes.”
Indonesia
Indonesia AirAsia (“IAA”) recorded revenue of IDR887.38 billion in 2Q16, down 30% YoY which is in-line with the planned 37% decrease in capacity. Load factor recorded a 10 ppts improvement to 83%. Meanwhile, IAA registered a lower net operating loss of IDR84.60 billion (narrowed by 83%) and a smaller loss after tax of IDR 63.35 billion (narrowed by 87%). Tony highlighted, “IAA’s turnaround plan is showing good signs especially on the cost side. CASK decreased 19% from a year ago in all areas, particularly on lower aircraft operating leases and fuel expenses. The underlying strategy behind the turnaround plan was to remove additional aircrafts from IAA’s fleet that can be better utilised by other associates, seven of which have been transferred out as planned. The benefits of this can be seen in the quarter under review where aircraft operating lease expense has reduced by 54% following a lease rate restructuring while maintenance and overhaul cost have decreased by 34%.”
In addition, Tony stressed, “IAA has right-sized its fleet and network which has contributed to lower operational losses as seen from our 2Q16 performance whereby cost decreased in all categories except for user charges. On the outlook for IAA in 3Q16, load factor is forecast at 92% which is due to high season demand. For the remaining quarters, IAA will continue to focus on promoting international routes. IAA is set to re-group and expand once again on international routes where we are the strongest. We forecast IAA will turn into black in 2H16.”
Philippines
Philippines AirAsia (“PAA”) posted an 11% increase in revenue at PHP2.57 billion and strong growth in the number of passenger carried (up 3% YoY). Load factor was at a high of 91%, up by 11 ppts YoY. CASK increased by 1% to PHP2.53 due to higher depreciation of property, plant and equipment (up 144% YoY) and maintenance & overhaul cost (up 55% YoY). Further guided by the management’s turnaround plan, net operating losses reduced to PHP162.68 million (narrowed by 72% YoY) while loss after tax of PHP539.05 million (narrowed by 31% YoY) was observed in the quarter under review mostly due to forex losses of PHP376.37 million. Tony added, “The cost reduction and re-fleeting exercise has enabled us to achieve lower losses for our operations this quarter.”
Adding on to the Philippines, he said, “The turnaround progress of our operations pushes on as revenue, load factor and average fare shows a positive increase. On the associates’ outlook, 3Q16 is expected to perform better YoY with revenue anticipated to be higher by 30% as average fares and load factor are projected to be higher. The forecasted load factor for the third quarter of 2016 is at 85%. PAA remains on track with its turnaround plan to rationalise its fleet composition to further reduce its cost structure in the remaining quarters in 2016. Thus, we expect that PAA will be profitable in 2H16.
India
AirAsia India (“AAI”) recorded a 73% increase in revenue at INR1.89 billion and carried higher number of passenger (up 76% YoY). Meanwhile, load factor was at 87% (up 4 ppts YoY) while ancillary revenue per passenger grew by 13% to INR415. Tony stressed, “India is progressing very well in the past few quarters. Load factor has again posted a record high which demonstrates our guests’ preference for flying with us. This is also reflected in the total passengers carried which increased by 76% YoY to 0.53 million passengers. Despite being a new airline, it is worth AAI’s CASK is much lower as compared to its peers in that market.” During the quarter, AAI posted a smaller net loss of INR203.63 million (narrowed by 56% YoY).
Invest in young women’s voice, action and leadership to achieve Planet 50-50:
|
|
|
|
|
Comments
Post a Comment