A Simple Overview Of Astute Strategies
For context, most analysts were looking for lower adjusted earnings of $0.30 per share. Adjusted EBITDA rose 7%, to $156.9 million. Travel-commerce platform revenue grew 9%, to $638 million, including: 5% growth in air segment revenue, to $443.9 million. 21% growth from beyond air revenue, to $194.0 million, driven by an 81% increase in revenue (to $81 million) from Travelport's eNett commercial payments solution. By geography, the change in travel-commerce platform revenue included: 2% growth from the Asia Pacific region, to $145 million. 7% growth in Latin America and Canada, to $29.5 million. 2% growth from the United States, to $158.5 million. Technology services revenue declined 15%, to $24 million, largely driven by last year's sale of IGT Solutions. Cash from operations increased 43%, to $119.2 million, and free cash flow rose 35%, to $81.4 million. Travelport CEO Gordon Wilson described it as a "good quarter," adding: Our strong performance enabled us to overcome the well-documented loss of a Pacific-based travel agency through winning new business in other regions. In fact, revenue growth accelerated across all regions in the quarter, with air market share growth in Asia, Europe and Latin America. [...] Looking ahead, we remain on track to deliver our financial guidance for the full year.
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An Examination Of Speedy Plans For
Jet Airways and its peers have a “curious case,” as Kotak Institutional Equities put it aptly in its report dated 6 August. “We are quite puzzled,” the brokerage said of the Indian aviation companies’ inability to “raise prices at a time of continued strong growth in domestic passenger traffic”. “We note that the yields of the leading airline companies have not even kept pace with inflation over the past two years, let alone the sharp increase in input costs,” the report said. So it is not just Goyal’s problem. However, unlike him, Jet’s peers such as Indigo’s parent InterGlobe Aviation, Tata-SIA’s Air Vistara and even state-owned Air India have promoters with deep pockets and can survive a long scorching fight to the finish in the Indian skies. But to Jet’s detriment, its partner Etihad is faring badly, having raked up losses due to its aggressive acquisitions in the past, including Alitalia, which never paid off. Goyal is known to create deals from thin air. A one-man networking army, once he sets his sight on something, he doesn’t withdraw without giving his best. Thus the talk now of selling a stake in the loyalty program Jet Privilege to private equity firms. But that might not be enough to save the airline.
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