Online
|
|
change in accounting standards...
Posted by :
guptaonei didn`t understand what u mean...though i am cautiously bullish on kfa, i am prepared to see n add at rs42 levels too n cautioning the investors on the same! yes, i do agree that most of the negative news is already factored in kfas current price but operator want the small investors to be kicked out first n hence may create some panic!- gupta....
change in accounting standards...
Posted by :
parasay
by the way i will market this message from you so that i will post in latter days lets not talk now for its only mattet of time
by the way not much negative news on this counter has it has already priced in so only better days ahead...
change in accounting standards...
Posted by : guptaoneby kfa... due to which it has posted rs110 crores leswser losses than actual losses, which it has informed seperately to the exchange! actual losses hv widened n not narrowed! the only feel good factor is public holding reduced to 10% from 14% earlier n fii holding rose by 2% but public holding has to come down atleast to 7% for good times! to my opinion, kfa is set to hit rs42 levels first n then we can expect a bounce back looking at the current screnio! otherwise i will be comfortable buying kfa on close above rs54 or below rs42 n in between it`s a touch me not for me! - gupta....
looks atleast..
Posted by : sandipnavdhareIt it advisable to buy kingfisher airlines at CMP . & what`s the target for next 2 months. ...
NSE Announcements on Kingfisher Air
Posted by : MMB MessengerKingfisher Airlines Limited has submitted to the Exchange a copy of the Investor Presentation. A copy of the same shall be available on the NSE website (http://www.nseindia.com) under Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). ...
looks atleast..
Posted by : gundrayticket prices are going to jack up if air indian pilots go for a strike this time they have mentioned it will be a indefineite strike if they are not paying pli to employees but the fact is their is no money left with air india to give pli salary to their pilots and govt is seriously telling them if they want bailout from govt they have a take a cut in their pli in which pilots are not agreeing so it is sure their will be strike once again and this will be a boon to private airlines ticket prices will be going to roof of the world and with this festival and holiday season are coming this september and december will be a very very good qtr to airline industry execept good activity in this sector for next 3 months irespective of the world market...
looks atleast..
Posted by : gundray
If you’re booked on an Air India flight in November, you may want to change your plans. The Indian Commercial Pilot Association, the union formed by 800 Indian Airlines pilots, on Wednesday threatened to go on indefinite strike if the management failed to clear their outstanding dues by November 1.
In September, 400 Air India executive pilots had gone on mass sick leave for four days to protest pay cuts, resulting in more than 200 flights being cancelled and the airline losing more than Rs 100 crore. The number of agitating pilots this time is double.
“We have the right to do anything if our outstanding salaries from August are not cleared,” said Captain RS Ottal, the association’s general secretary.
The union claimed they had been paid only 20 per cent of the August salary and that the whole of September and October’s payments were pending.
“We will settle the September and October salaries by the month-end. But we do not give any commitment on performance linked incentive as the company is going through a tough time,” Air India spokes
...
looks atleast..
Posted by : gundrayfriday evening once again their is group of minister meeting on air india bailout and wooes in aviation sector atleast this time we can execept some surprise on atf tax issue...
looks atleast..
Posted by : gundray
indian airlines pilot strike is once again good news for all private airlines like of kingfisher jetairways spicejet so it is no doubt that october and december qtr will be very good qtr for all airline stocks all mutual fund have already started to accumulate the airline stocks anticipating next qtr will be good stocks like kingfisher which has not participated in recently bull rally in aviation sector may now participate
happy times are back to aviation stocks...
looks atleast..
Posted by : gundray
Air India pilots have threatened to go on a strike as their flying allowances and other salary arrears have not been paid as promised by the airlines management.
With the pilots’ meeting with the AI chairman Arvind Jadhav in Mumbai on Tuesday ending in an impasse, Captain T T Shahjahan, DGM (Operations), who represented the pilots from the southern region, said they would not hesitate to go on another strike if the management remained adamant.
“While the expat pilots, who get thrice our salaries are getting their dues in time along with the bonus, we are at a loss to understand why the chairman is finding himself in a ‘tight’ position to pay our dues,” a pilot, who took part in the meeting in Mumbai, said.
The pilots were irked when their flying allowances remained unpaid even after Civil Aviation Minister Praful Patel had assured that all dues would be settled by October 7.
Allegations of ‘divide and rule’ by the management were also made after some pilots realised that their counterparts in the pre-merger Air India had been paid their dues to a smaller extent at least.
“Deliberations are on in all four bases on our next course of action,” said captain V K Bhalla from Delhi....
looks atleast..
Posted by : gundray
Lean season blues added to woes for the airline that included a five day pilot strike this quarter.
Revenues dipped 34.4 % y-o-y to Rs 2020 crore. Revenue passengers travelling this quarter were down 1.2% to 2.79 million. As airfares were also low through Q2, lower yields compounded the seasonal issues.
Expenses were lower this quarter (down 33.3% y-o-y), to Rs 2315 crore primarily due to significantly lower fuel costs (about 54% y-o-y). However, cost rationalization is evident with expenses trending down across the board. This trend has reversed already as fuel costs were up 22% over Q1.
EBITDAR (earnings before interest, tax, depreciation, amortization and rent) margins in the quarter improved to 10.6% from -6.10% last year. Operating margins (Ebitda to sales) clocked in at 3.25% against -6.94% last year.
Interest costs in the quarter surged by over 50% translating to higher bottom line losses. The airline posted a Net loss of Rs 406 crore, compared to a loss of Rs 384.5 crore in Q2FY09.
Robust tailwinds
Performance parameters, however, are looking up. The sense is that yields and traffic has bottomed and will improve especially as the third quarter coincides with the peak travel season propping year-end numbers. Also, the seat factor (a ratio of passenger-kilometers flown to available seat kilometers) has improved to 77% from 66.3% last year.
International operation revenues were down over 26%, y-o-y given the sluggish demand especially in the premium segment. The positive is that seat factor has averaged over 80% across geographies. The EBITDAR margin was 25% compared to -9.5% last year.
Domestically, the seat factor has risen to 69.8% from 66.9% in Q2FY09, while industry traffic was up 24%. Fares have been in an upswing so yields are expected to improve going ahead. The industry capacity domestically has dipped 3% y-o-y and 11% from peak levels in August 2009 according to BoA -Merril Lynch estimates. The changed supply- demand dynamic should work in the favour of airlines supporting fare hikes and improved yields in the future.
The stock closed at Rs 407 on Oct 28 2009. It is trading at a one-year forward P/E ratio of 14.28x based on 2011 EPS estimates of Rs 28.6 according to Bank of America-Merril Lynch....
looks atleast..
Posted by : gundray
The second-quarter results for the three big domestic airlines show that the industry continues to be in the red even as the quantum of losses has reduced.
Jet Airways reported a net loss of Rs 407 crore which was a 6% improvement over the June quarter, SpiceJet`s net loss at Rs 101 crore was significantly lower than the Rs 198 crore figure reported in the corresponding period of last fiscal and Kingfisher Airlines also has something to cheer about with a net loss of Rs 418 crore as against Rs 483 crore in the second quarter of last fiscal.
So, is the industry moving towards profitability? Kapil Kaul at the Centre for Asia Pacific Aviation (CAPA) says that traditionally the December quarter is better for airlines but the yield climate continues to be negative.
"The second quarter was punishing from the profit & loss perspective for most airlines despite better load factors and improved yields. The first 10 days of October have been below expectations in terms of both these factors but things have improved somewhat thereafter...Q3 should be better in passenger yields but profitable recovery for airlines is still 2-3 quarters away."
On the capacity front also, Kaul points out that despite conscious efforts by almost all airlines to rationalise capacities, conversion of most domestic carriers into low-cost airlines has actually increased the total number of seats available. "But despite this, we expect some airlines to get back to profits by the first quarter of next fiscal."
During the September quarter, airlines saw an improvement in the Ebitdar (earnings before interest, taxes, depreciation, amortisation and rent) margins. Jet`s margins improved to 10.6% against -6.1% in the Q2 of previous fiscal whereas Kingfisher`s margins improved to Rs 44 crore as against a loss of Rs 207 crore in the corresponding quarter. SpiceJet reported 3% margins against negative 39%.
Industry experts point out that margin improvement has come on the back of rationalisation of expenses -- a fall in fuel prices -- and fluctuations in load factors have also helped with revenues.
K G Vishwanath, vice-president (commercial strategy and investor relations) at Jet Airways, said, "This turnaround was possible because we had closed all loss-making international routes and pulled out some 20-25% capacity from the domestic sector, besides maintaining leaner aircraft structure." Kingfisher attributed improved margins to restructuring of operations and efforts to maintain stringent cost control.
Passenger load factor jumped to 71% (69%). For Jet Airways, the load factor increased to 69.8% (66.9%) while SpiceJet saw 19 point improvement in load factor.
Sanjay Aggarwal, CEO, SpiceJet, said, "Traditionally, this is the weakest quarter for the industry. However, the yields have started firming up during the third quarter and demand remains robust. We expect this trend to continue through the next quarter."
...
looks atleast..
Posted by : gundrayDespite posting poor numbers for the September quarter, shares of Jet Airways were in demand on Wednesday. The stock was the best performer in the A group, rising 9% to close at Rs 398, supported by heavy volumes. In the last one month, the stock has gained around 22%. Players tracking the counter say that earnings for the current quarter are expected to be good because of the vacation season. Also, most of the negatives are already reflecting in the current price, they say. Buzz is that one of the domestic mutual funds, which already has a stake in the company, has been adding to its position over the past few sessions. In addition, a South-based mutual fund too has begun accumulating the stock. Jet has has reported a net loss of Rs 407 crore for the quarter ended September, compared with a net loss of Rs 385 crore during the same period last year. The company incurred higher fuel costs in the September quarter as fuel prices rose 17%, impacting it to the tune of Rs 108 crore. The five-day pilots’ strike wiped off Rs 80 crore. The company is awaiting approval the FIPB to raise up to $400 million through an equity offering to domestic and foreign investors...
looks atleast..
Posted by : gundray
The second-quarter results for the three big domestic airlines show that the industry continues to be in the red even as the quantum of losses has reduced.
--------------------------------------------------------------------------------
You may also want to see
Dhruv crash to hit HAL`s fortunes
VIPs, stray dog delay 10 flights in New Delhi
Dhruv helicopter crash; HAL team in Ecuador
Indian-made Ecuadoran chopper crashes during military parade
Researchers developing choppers less prone to mishaps
Related videos
Government to infuse .1 bn into Air India
Pilot union defends its own in mid-air brawl row
Air India strike enters third day
Jet Airways reported a net loss of Rs 407 crore which was a 6% improvement over the June quarter, SpiceJet`s net loss at Rs 101 crore was significantly lower than the Rs 198 crore figure reported in the corresponding period of last fiscal and Kingfisher Airlines also has something to cheer about with a net loss of Rs 418 crore as against Rs 483 crore in the second quarter of last fiscal.
So, is the industry moving towards profitability? Kapil Kaul at the Centre for Asia Pacific Aviation (CAPA) says that traditionally the December quarter is better for airlines but the yield climate continues to be negative.
...
looks atleast..
Posted by : Guestkfa followed by jet air if jet air 430 looks kfa 56,58 again...
