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Aviation History
1993
1993 - 0026.PDF
AIRLINE ALLIANCES CANADIAN AIRLINES Sales: $2.5bn Profit:($141m) PAX: 7m Int: 2m OWNERSHIP: Public: PWA Corporation NOTES: After failure of an Air Canada alliance, talks resumed with AMR to take a 25% stake in PWA. AIR CANADA Sales: $2.5bn Profit: ($190m) PAX: 9m Ini: 4m OWNERSHIP: Private NOTES: Awaiting approval for a 27.5% stake in Continental. Ne gotiations for a merger with PWA suspended. SWISSAIR/DELTA AMERICAN AIRLINES Sales: $12.9bn Profit: ($240m) PAX:76m lnt:12m OWNERSHIP: Public: AMR Corporation NOTES: Negotiating for a 25% slake in PWA/Canadian Airlines. UNITED AIRLINES Sales: $11.7bn Profit: ($332m) PAX: 62m lnt:7m OWNERSHIP: Public: UAL Corporation NOTES: Major marketing programmes with Air Canada, British Midland and Ansett Australia DELTA AIR LINES Sales: $10.1bn Profit: ($240m) PAX: 74m lnt:5m OWNERSHIP: Public HOLDING BY: Singapore Air lines 4.7% Swissair: 5% HOLDING IN: Singapore Air lines: 2.7% Swissair AER LINGUS Sales: $1.4bn Profit: ($19m) PAX: 3m Int 2m OWNERSHIP: State owned BRITISH MIDLAND Sales: $560m Profit: $3m PAX: 1.5m Int: 0.5m OWNERSHIP: Private: Airlines of Britain Holdings owns 60%. HOLDING BY: SAS: 40% NOTES: SAS increased its stake 25% to 40% in 1992. NORTHWEST AIRLINES Sales: $7.5bn Profit: ($3m) PAX: 41m lnt:7m OWNERSHIP:Ptiv: Wings Holdings HOLDING BY: KLM: 10.5% (1989) NOTES: KLM holds only 10.5% voting shares but 49% in total. US- Dutch open skies will allow highly integrated services. USAIR GROUP Sales: $6.5bn Profit: ($305m) PAX: 56m lnt:0.5m OWNERSHIP: Public NOTES: British Airways pro posed 44% holding failed, but the two are looking for other forms of alliance CONTINENTAL Sales: $5.4bn Profit: ($341m) PAX: 37m Int: 5m OWNERSHIP: In Chapter 11 bankruptcy HOLDING BY: SAS 10% NOTES: Rescue package pend ing which would give Air Canada 27.5% with remainder going to investors and creditors. BRITISH AIRWAYS Sales: $9.1 bn Profit: $687m PAX: 23m Int: 18m OWNERSHIP: Public HOLDING IN: Qantas: 25% Deutsche BA: 49% TAT: 49.9% Air Russia: 31% (1992) NOTES: Proposed stake in USAir would have given 44% holding including 25% voting rights. AMERICA WEST AIRLINES Sales: $1.4bn Profit: ($222m) PAX: 17m Int: 0.1m OWNERSHIP: In Chapter 11 bankruptcy HOLDING IN: Ansett International: 20% (1987) TWA Sales: $3.7bn Profit: ($341m) PAX: 21m Int: 3m OWNERSHIP: In Chapter 11 bankruptcy NOTES: Rescue package pro posed giving employees 45% and creditors 55%. AEROMEXICO Sales: $770m Profit: $1 PAX: 6m Int: 1m OWNERSHIP: Priv: State: 35% m 65% Although not fully comprehensive, the map is designed to show the major cross-border alliances being formed within the world airline industry. Carriers have been selected because of their importance to the forging of international alliances or because they are undergoing changes of ownership such as privatisations. For this reason, domestic airlines have largely been omitted. Latest available financial and passenger figures are given as a rough guide to the scale of alliances. IBERIA Sales: $3.7bn Profit: ($347m) PAX: 15m Int: 5m OWNERSHIP: State owned HOLDING IN: Aerolineas Argentinas: 30% Viasa: 45% Ladeco: 35% TAP-AIR PORTUGAL Sales: S1.0bn Profit: $(38m) PAX: 3m Int: 3m OWNERSHIP: State owned NOTES: Privatisation planned lor late 1993. Iberia has expressed interest in taking a minority stake. AIR FRANCE Sales: $10.2bn Profit: ($12m) PAX: 13m Int: 11m OWNERSHIP: State owned . HOLDING IN: Sabena: 30% (1992) CSA: 20% (1992) Euro Berlin: 50% Swissair: 1,5% Tunis Air: 5.6% VARIG Sales: $2.0bn Profit: ($138m) PAX: 7m Int 1.6m OWNERSHIP: Public AIR MAGHREB Flag-carriers from the five north African states of Morocco, Tunisia, Al geria, Libya and Maurita nia launched a co operative regional ven ture in 1990 called Air Maghreb. Proposals for a full-blown merger be tween the five stale- owned carriers are still current but delayed by political upheavals in the region. AEROLINEAS ARGENTINAS Sales: $800m Profit: ($35m) PAX: 3m Int: 2m OWNERSHIP: Priv: 67% State: 33% HOLDING BY: Iberia: 30% NOTES: The Argentinian Government was forced to buy back 28% of shares sold to local Investors during the privatisation, but intends to resell at least part of its stake. AMERICA WEST AIRLINES/ANSETT 24 FLIGHT INTERNATIONAL 6 - 12 January, 1993
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