Invertir en compañías aéreas: empresas cíclicas pero muy atractivas.

82 respuestas
Invertir en compañías aéreas: empresas cíclicas pero muy atractivas.
7 suscriptores
Invertir en compañías aéreas: empresas cíclicas pero muy atractivas.
6 / 6

Re: Invertir en compañías aéreas: empresas cíclicas pero muy atractivas.

#HA abre con un +50%

Re: Invertir en compañías aéreas: empresas cíclicas pero muy atractivas.

Es absurdo que Ryanair esté cotizando por encima de los precios de 2019, cuando ese nivel de tráfico no se volverá a ver en años, ni teniendo una vacuna para el COVID.

Resultados aerolíneas USA: JetBlue, AA


NEW YORK--(BUSINESS WIRE)-- JetBlue Airways Corporation (NASDAQ: JBLU) today reported its results for the fourth quarter 2020:

  • Reported GAAP loss per share of ($1.34) in the fourth quarter of 2020 compared to a diluted earnings per share of $0.56 in the fourth quarter of 2019. Adjusted loss per share was ($1.53)(1) in the fourth quarter of 2020 versus adjusted diluted earnings per share of $0.56(1) in the fourth quarter of 2019. Note A to this earnings release includes the GAAP to Non-GAAP reconciliation between reported and adjusted diluted earnings per share.
  • GAAP pre-tax loss of ($512) million in the fourth quarter of 2020, compared to a pre-tax income of $220 million in the fourth quarter of 2019. Excluding one-time items, adjusted pre-tax loss of ($581) million(1) in the fourth quarter of 2020 versus adjusted pre-tax income of $221 million(1) in the fourth quarter of 2019.
Operational Highlights from the Fourth Quarter

  • Fourth quarter 2020 revenue declined 67% year over year as a result of the impact of COVID-19. The decline is better than our prior expectations for the quarter of a 70% decline, and represents a nine-point sequential improvement quarter over quarter, mainly driven by solid booking trends in October and improving volumes in the back half of December.
  • Reduced fourth quarter 2020 capacity by 47% year over year, in line with our planning assumption of a decrease between 45% and 50%, as a result of actions taken to manage cash burn and protect liquidity.
  • Operating expenses declined 38% year over year. Excluding special items, adjusted operating expenses(1) declined 34% year over year compared to our planning assumption of a decrease of at least 30%. The results were driven by capacity actions taken to reduce variable costs and fixed cost reductions achieved by adjusting work schedules and managing external spend.
Balance Sheet and Liquidity

  • JetBlue ended the fourth quarter of 2020 with approximately $3.1 billion in unrestricted cash, cash equivalents, and short-term investments, or 38% of 2019 revenue.
  • JetBlue repaid $100 million in regularly scheduled debt and finance lease obligations during the fourth quarter of 2020.
  • JetBlue has taken the following measures in the fourth quarter to manage liquidity:
    • Raised over $700 million with an equity offering and sale-leaseback transactions.
    • Continued to execute significant variable and fixed cost savings through aggressive capacity management and executing our cost reduction plan.
    • Redeployed assets to capture short-term, tactical cash generation opportunities.
  • Resulting from the actions taken, JetBlue’s average daily cash burn in the fourth quarter of 2020 was $6.7 million, towards the lower end of the $6 to $8 million range previously expected.
  • Starting this quarter, we will transition from reporting “all-in” cash burn to EBITDA. We believe that this metric brings better visibility to JetBlue’s underlying performance as we move towards recovery.
Fuel Expense and Hedging

The realized fuel price in the fourth quarter 2020 was $1.31 per gallon, a 37% decline versus fourth quarter 2019 realized fuel price of $2.07.

As of January 28th 2021, JetBlue has not entered into forward fuel derivative contracts to hedge its fuel consumption for the first quarter of 2021. Based on the forward curve as of January 15th, JetBlue expects an average all-in price per gallon of fuel of $1.61 in the first quarter of 2021.

Our Recovery Plan and Actions Taken to Position JetBlue for Future Success

“2020 was a year like no other, as the COVID-19 pandemic challenged our industry in ways we have never seen before. The very foundation of our business model - our culture, our passion for customer service, and our focus on safety – continue to guide us as we march towards recovery,” said Robin Hayes, JetBlue’s Chief Executive Officer.

“Despite the financial results, I'm proud of what our crewmembers have accomplished in this extraordinary year. I could not be more confident in our future. Our team not only managed through the ongoing demand challenges, but made important progress on strategic initiatives – including revenue, capacity and cost actions.

As we moved through 2020, we meaningfully reduced our cash burn, and are starting to shift our focus to rebuilding our margins. We remain cautiously optimistic that demand trends will improve later this year. More importantly, this crisis has made us a more agile, creative and resilient airline, and we believe our initiatives will allow us to emerge with structurally better margins.”

Action Plan, Revenue and Capacity

“Delivering consistently on our Safety from the Ground Up Program remains one of the top reasons why customers are returning to air travel and choosing JetBlue. Our focus remains on cleanliness, reduced touchpoints and air quality, and we are also prioritizing efforts to educate our customers about the changing regulatory requirements associated with air travel, whether that is testing, quarantine, or documentation requirements. We know many customers want to travel, and we are trying to help them more easily navigate the changing requirements,” said Joanna Geraghty, JetBlue’s President and Chief Operating Officer.

“Despite this progress in the fourth quarter, our geographic challenges persist, with increasing case counts and continued quarantine measures, particularly in the northeast and California. For the first quarter of 2021, our planning assumption for revenue is a decline of between (65) and (70)% year over two. We saw increased demand for Martin Luther King weekend, and are seeing a similar pattern for Presidents’ Day weekend, but we don’t anticipate traffic to reach the levels of late December.”

Financial Performance and Outlook

“Our average daily cash burn for the fourth quarter was $6.7 million, towards the lower end of the $6 to $8 million range we anticipated in early December. This was the result of variable cost savings achieved through a balanced approach to capacity, and our actions to minimize fixed costs across our business,” said Steve Priest, JetBlue’s Chief Financial Officer.

“We estimate our EBITDA in the first quarter will range between negative $525 and $625 million, reflecting similar revenue trends to the fourth quarter, but also manifesting recent cost pressure from rents and landing fees, as well as fuel prices.

We continue to take an aggressive approach to improve our cost structure and help rebuild our margins. Our 2021 plan reduces our total operating cost by over $1.2 billion, compared to 2019. We believe that executing our plan will put us on a path to emerge from the crisis, with better CASM ex-Fuel in 2022 than in 2019.”

ORT WORTH, Texas, Jan. 28, 2021 (GLOBE NEWSWIRE) -- American Airlines Group Inc. (NASDAQ: AAL) today reported its fourth-quarter and full-year 2020 financial results, including:

  • Fourth-quarter revenue of $4.0 billion, down 64% year over year on a 53% year-over-year reduction in total available seat miles (ASMs).
  • Fourth-quarter net loss of $2.2 billion, or ($3.81) per share. Excluding net special items1, fourth-quarter net loss was $2.2 billion, or ($3.86) per share.
  • Full-year net loss of $8.9 billion, or ($18.36) per share. Excluding net special items2, full-year net loss was $9.5 billion, or ($19.66) per share.
  • Ended fourth quarter with approximately $14.3 billion of total available liquidity. Company expects to end the first quarter of 2021 with approximately $15.0 billion in total available liquidity.
  • Incorporated more than $1.3 billion of permanent non-volume, non-fuel efficiency cost-saving measures into 2021 operating plan.
“Our fourth-quarter financial results close out the most challenging year in our company’s history,” said American Airlines Chairman and CEO Doug Parker. “However, we couldn’t be prouder of the American Airlines team and the great things they accomplished last year. Through collaboration, resourcefulness and hard work, our team did its part to keep the economy moving. The American team flew more customers than any other airline in 2020, and they did so safely and with the utmost care.

“As we look to the year ahead, 2021 will be a year of recovery. While we don’t know exactly when passenger demand will return, as vaccine distribution takes hold and travel restrictions are lifted, we will be ready. We are confident that the actions we have taken to improve our customer experience, enhance our network and increase our efficiency position us well for the future.”

American took a number of steps in 2020 to respond to the pandemic and strengthen its business, with an emphasis on supporting its team members, customers and communities; reducing costs; and improving its liquidity position.


Re: Invertir en compañías aéreas: empresas cíclicas pero muy atractivas.

 Ryanair ha sido sancionada con una multa de 35.000 euros por el Ente Nacional para la Aviación Civil (ENAC) de Italia debido a sus prácticas abusivas con menores y discapacitados, al hacer pagar a sus acompañantes la asignación de asientos contiguos. 

Resultados de Lufthansa

Lufthansa ha recortado un 44% sus pérdidas netas durante el primer trimestre del año actual en comparación con el mismo periodo del año anterior, hasta los 584 millones de euros, según ha informado la compañía.

Los ingresos fueron más del doble que durante el primer trimestre de 2021, alcanzando los 5.360 millones de euros, multiplicando por cuatro el número de pasajeros, hasta los 13 millones.

El consejero delegado del grupo, Carsten Spohr, ha señalado que se "ha dejado atrás la crisis" y que las restricciones al tráfico aéreo "se han superado en gran medida".

El grupo, que engloba también a Swiss, Austrian Airlines y Brussels Airlines, espera conseguir beneficios en 2022 dadas las buenas perspectivas de la demanda y gracias al desempeño del transporte de carga.

No obstante, dada la incertidumbre creada por la inflación y la guerra en Ucrania, la compañía no ha hecho previsiones sólidas para el año fiscal.

El director financiero de la compañía, Remco Steenbergen, ha indicado en un comunicado que los clientes deben estar preparados para una subida en el precio de los billetes, viéndose afectados estos por el aumento de los costes para Lufthansa.

Para el segundo trimestre, el grupo tiene previsto ofrecer el 75% de su capacidad anterior a la pandemia, poniendo en servicio durante el verano el 95% de su capacidad anterior a 2020 en sus rutas europeas y sobre el 85% en las rutas transatlánticas. 


Ryanair reduce sus pérdidas hasta los 355 millones en su año fiscal 2022

Ryanair registró unas pérdidas netas de 355 millones de euros en su año fiscal de 2022, que finalizó el pasado 31 de marzo, frente a los 'números rojos' de 1.015 millones de euros que se anotó un año antes, según ha informado este lunes la compañía aérea.

La facturación de la aerolínea alcanzó los 4.800 millones de euros en el ejercicio 2022, lo que supone un crecimiento del 193% con respecto a los 1.640 millones de euros del año anterior.

Los costes de explotación se duplicaron hasta los 5.270 millones de euros, impulsados principalmente por la reducción de los costes variables, como los de aeropuerto y manipulación, las tasas de ruta y el menor consumo de combustible al entrar en la flota 61xB737 Gamechangers (compensado por el mayor coste del combustible para aviones).

Por su parte, el tráfico se recuperó con fuerza, pasando de 27,5 millones a 97,1 millones de pasajeros, mientras que el factor de ocupación creció 11 puntos porcentuales, llegando al 82%.

El retraso en la relajación de las restricciones de viaje de la UE Covid-19 hasta julio de 2021, combinado con el impacto de la variante Ómicron y la invasión rusa de Ucrania en el segundo semestre, hizo que las tarifas requirieran una estimulación "significativa" de los precios.

El consejero delegado de Ryanair, Michael O'Leary, espera que en los próximos cinco años su tráfico crezca un 50%, hasta alcanzar los 225 millones de pasajeros al año.

"Este crecimiento se producirá con tarifas más bajas, pero con una flota de nuevos aviones B737 "Gamechanger", que ofrecen un 4% más de asientos, pero consumen un 16% menos de combustible y reducen las emisiones de ruido en un 40%", ha destacado.

Además, la deuda neta al final del año fiscal se redujo un 36,4%, al alcanzar los 1.450 millones de euros, mientras que el año anterior era de 2.280 millones de euros, y más del 90% de la flota de aviones B737 del Grupo está libre de cargas.

Ryanair prevé reducir esta deuda neta a cero en los próximos dos años, a pesar de los picos de capex durante ese tiempo. "La solidez del balance de Ryanair garantiza que el Grupo está bien preparado para capitalizar rápidamente las numerosas oportunidades de crecimiento que existen en Europa en la recuperación posterior a Covid-19 este año y más allá", ha añadido la aerolínea 


Re: Invertir en compañías aéreas: empresas cíclicas pero muy atractivas.


Re: Invertir en compañías aéreas: empresas cíclicas pero muy atractivas.

yo entre hace poco en 28,77 en  

Southwest Airlines la vi muy interesante 


Re: Invertir en compañías aéreas: empresas cíclicas pero muy atractivas.

ES mucho mejor aerolinea qeu Spirit, que es lo peor que he visto en vida...

El Conocimiento es Poder...

Brokers destacados