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26.87% of world passengers
29.51% of world RPKs
33.43% of world FTKs
Adria: The Slovenian carrier continued to post healthy growth in passenger traffic in 1994, with enplanements climbing 17.2% to 505,399 and RPKs rising 15.4% to 548 million. FTKs, however, dipped 4.8% to 3.5 million. The 1995 forecast is for gains of 15% in passengers, 12.8% in RPKs and 64% in freight.
On the financial front, Adria cut its operating loss to $7.96 million from $16.6 million and its net loss to $9.1 million from $32.6 million as revenues grew 9.2% to $99 million and expenses dipped 0.2%.
Service was launched from Ljubljana to Copenhagen and from Tirana to Istanbul last year. This year, flights will begin from Ljubljana to Prague and Barcelona. Adria's fleet comprises three A320s, an MD-81, three DC-9s and two Dash 7s.
Aer Lingus: The Irish carrier returned to profitability in 1994, posting a pretax profit of $65.4 million for the 21 months ended Dec. 31, a sharp contrast to the $60.5 million pretax loss in the 12 months ended March 31, 1993. Aer Lingus Group wound up the lengthened fiscal year with a profit before tax and exceptional items of $16.6 million vs. a loss of $75.2 million in the previous period on revenues of $2.37 billion.
Included in the Group results was a $44.6 million loss at maintenance subsidiary TEAM Aer Lingus, which despite settlement of a bitter labor dispute continues to suffer "unsustainable" losses that the company said "will not be allowed to jeopardize the recovery now under way in the Group."
The Group bottom line remained in the red after restructuring costs and other write-offs totaling $147.2 million. Including the exceptional items, the 21-month loss was $131.2 million.
Executive Chairman Bernie Cahill attributed the improved financial picture to the "Strategy for the Future," launched in July, 1993 (ATW, 11/94), which has delivered annual cost savings of more than $80 million. Under the strategy, said the company, a "reconstructed" transatlantic service produced "major gains" in traffic and revenue, and the London route was brought back into profit.
No 1994 traffic results were available at this writing.
Aeroflot: The portion of Aeroflot that continues to report its traffic to ICAO still ranks as one of the world's largest...