America's third-largest carrier added 401,000 postpaid customers over the quarter, but lost 644,000 from its Nextel network. Over 2012 as awhole, Sprint added a total of 1.5 million postpaid subscribers, and when offset against losses from the Nextel network, added a total of 605,000 new customers over its entire network — that includespostpaid, prepaid, and wholesale. The Nextel network is set to close down later this year, and Sprint has failed to convince a large number of Nextel subscribers to switch to its network.
The fourth quarter of 2012 is the first full quarter to close since Sprint's acquisition by Japanese carrier SoftBank was announced, but since that deal hasn't yet closed, it has yet to dramatically affect Sprint's business. Sprint says the deal is still tracking to close by the middle of this year, so we should see the effects of SoftBank in thenot too distant future.
Showing posts with label Financial results. Show all posts
Showing posts with label Financial results. Show all posts
Thursday 7 February 2013
Tuesday 13 November 2012
Flying high results Emirates' first-half profit up 104pc
DUBAI'S Emirates airline says it posted a 104 per cent surge in net profits in the first six months of thecurrent financial year thanks to rising passenger numbers.
"In the first half of the 2012-13 fiscal year, Emirates net profit is 1.7 billion dirhams ($A448 million), up 104 per cent from 836 milliondirhams," the carrier said in a statement.
The announcement came hours after an engine problem forced an Emirates A380 superjumbo to turn back to Sydney shortly after taking off.
The government-owned airline said it had carried 18.7 million passengers since April 1, up 15.4 per cent compared with the same period last year.
Its volume of cargo was up by more than 16 per cent, the airline said, pointing out that it was a"significant growth against the market trend".
Emirates posted revenues of 35.42 billion dirhams, up 17.3 per cent from the corresponding period last year.
The group as a whole, which includesDnata travel services, generated revenues amounting to 38.245 billion dirhams, with net profits hitting 2.1 billion dirhams.
"The Emirates Group half-year performanceis the result of hard work and our drive to stay on course and continue to grow despite the precarious marketplace," said chairman and chief executive Sheikh Ahmed bin Saeed al-Maktoum.
"We have continued to invest in the infrastructure of bothEmirates and Dnata and it continues to pay off."
Meanwhile, the pilot of the Dubai-bound Emirates plane carrying 380 passengers decided to turn back shortly after take-off on Sunday night due to an engine problem aspassengers reported abright orange flash and loud bang.
An Emirates spokesman told AFP the decision was a"precaution" and"there were no flamesor smoke".
Emirates is the largestsingle customer of Airbus' A380 and Boeing's 777 widebody aircraft.
Considered the world's fastest growing carrier, it hasa fleet of 183 aircraftserving 126 destinations in 74 countries.
"In the first half of the 2012-13 fiscal year, Emirates net profit is 1.7 billion dirhams ($A448 million), up 104 per cent from 836 milliondirhams," the carrier said in a statement.
The announcement came hours after an engine problem forced an Emirates A380 superjumbo to turn back to Sydney shortly after taking off.
The government-owned airline said it had carried 18.7 million passengers since April 1, up 15.4 per cent compared with the same period last year.
Its volume of cargo was up by more than 16 per cent, the airline said, pointing out that it was a"significant growth against the market trend".
Emirates posted revenues of 35.42 billion dirhams, up 17.3 per cent from the corresponding period last year.
The group as a whole, which includesDnata travel services, generated revenues amounting to 38.245 billion dirhams, with net profits hitting 2.1 billion dirhams.
"The Emirates Group half-year performanceis the result of hard work and our drive to stay on course and continue to grow despite the precarious marketplace," said chairman and chief executive Sheikh Ahmed bin Saeed al-Maktoum.
"We have continued to invest in the infrastructure of bothEmirates and Dnata and it continues to pay off."
Meanwhile, the pilot of the Dubai-bound Emirates plane carrying 380 passengers decided to turn back shortly after take-off on Sunday night due to an engine problem aspassengers reported abright orange flash and loud bang.
An Emirates spokesman told AFP the decision was a"precaution" and"there were no flamesor smoke".
Emirates is the largestsingle customer of Airbus' A380 and Boeing's 777 widebody aircraft.
Considered the world's fastest growing carrier, it hasa fleet of 183 aircraftserving 126 destinations in 74 countries.
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