Aviation Week Names Top-Performing Airlines

By Adrian Schofield
Source: Aviation Week & Space Technology

Singapore Airlines (SIA) is one such carrier, and it is consistently ranked among the best large airlines. Hamlin says that with SIA “we continue to see excellent execution of a quality product.” However, regarding its low-cost subsidiary Scoot, the advisers believe the jury is still out on whether it can succeed.

Cathay Pacific, meanwhile, has yet again declined. One adviser describes Cathay as being “squeezed on a lot of fronts, but its brand is what is [keeping] it up.”

All Nippon Airways (ANA) is once again a strong performer. Its overall ranking of ninth makes it the top major airline that is not a low-cost carrier.

Jenks says ANA is seeing gains from its revenue-sharing agreements with partner airlines on European and U.S. routes, which began in mid-to-late 2011. Its results are also helped by the 2012 bounce-back from the demand slump related to the 2011 earthquake and tsunami. Going forward, ANA should start to see efficiency gains from its growing Boeing 787 fleet. Increased slot availability at the Tokyo airports is also providing a boost.

Of course, most of the above also applies to Japan Airlines. JAL was not included in this year's rankings—not enough data was available since the carrier was relisted in September, following its emergence from bankruptcy. However, early data indicate that JAL would have scored very highly. There is “room for both [Japanese carriers] to do well,” says Terry.

Tap the icon in the digital edition of AW&ST for a breakdown of the Top 10 large airlines' scores in this year's TPA study, or go to AviationWeek.com/tpalarge

REVENUES GREATER THAN $6 BILLION
RankCompany12 Months EndingRevenue ($ millions)Total Score
1Ryanair HoldingsDec. 2012$6,356 62
2All Nippon AirwaysDec. 2012 18,084 61
3Singapore AirlinesDec. 2012 12,177 55
4Turk Hava YollariDec. 2012 8,317 51
5Air ChinaDec. 2012 15,787 51
6Deutsche LufthansaDec. 2012 39,248 49
7Aeroflot Russian AirlinesDec. 2012 8,138 48
8Qantas AirwaysDec. 2012 16,348 47
9Southwest AirlinesDec. 2012 17,088 45
10US Airways GroupDec. 2012 13,831 45
11Cathay Pacific AirwaysDec. 2012 12,822 43
12China Southern AirlinesDec. 2012 15,845 42
13Thai AirwaysDec. 2012 6,718 41
14Air CanadaDec. 2012 12,117 41
15China Eastern AirlinesDec. 2012 13,847 40
16Delta Air LinesDec. 2012 36,670 40
17United Continental HoldingsDec. 2012 37,152 37
18Air France-KLMDec. 2012 33,376 35
19Latam Airlines GroupDec. 2012 9,771 35
20AMR CorpDec. 2012 24,855 35
21Korean Air LinesDec. 2012 11,959 35
22International Airlines GroupDec. 2012 23,539 34
23SASJan. 2013 6,290 31
REVENUES $2-6 BILLION
RankCompany12 Months EndingRevenue ($ millions)Total Score
1Copa HoldingsDec. 2012$2,249 68
2WestJet AirlinesDec. 2012 3,427 64
3EasyJetSep. 2012 5,991 62
4Alaska Air GroupDec. 2012 4,657 60
5Air New ZealandDec. 2012 3,738 52
6Hainan AirlinesDec. 2012 4,596 51
7Garuda IndonesiaDec. 2012 3,473 47
8EVA AirwaysDec. 2012 4,101 45
9Grupo AeromexicoDec. 2012 3,040 45
10China AirlinesDec. 2012 4,898 44
11SkyWestDec. 2012 3,534 43
12Avianca HoldingsDec. 2012 4,328 42
13Republic AirwaysDec. 2012 2,811 42
14FinnairDec. 2012 3,190 42
15JetBlue AirwaysDec. 2012 4,982 41
16Norwegian Air ShuttleDec. 2012 2,237 41
17Transat A.T.Oct. 2012 3,720 41
18Virgin AustraliaDec. 2012 4,160 40
19El Al Israel AirlinesDec. 2012 2,016 33
20Air BerlinDec. 2012 5,611 30
21Malaysian Airline SystemDec. 2012 4,301 29
22Asiana AirlinesDec. 2012 5,536 27
23Jet Airways (India)Mar. 2012 3,282 25
24GOLDec. 2012 4,096 17
REVENUES BETWEEN $250 MILLION - $2 BILLION
RankCompany12 Months EndingRevenue ($ millions)Total Score
1Allegiant Travel Co.Dec. 2012$909 75
2Regional Express HoldingsDec. 2012 275 69
3AirAsiaDec. 2012 1,617 68
4Spirit AirlinesDec. 2012 1,318 64
5Air ArabiaDec. 2012 801 59
6Cebu AirDec. 2012 916 56
7IcelandAir GroupDec. 2012 896 54
8Vueling AirlinesDec. 2012 1,421 52
9Aer LingusDec. 2012 1,813 51
10Chorus-Jazz AirDec. 2012 1,710 50
11Kenya AirwaysMar. 2012 1,300 44
12Shandong AirlinesDec. 2012 1,764 42
13Hawaiian HoldingsDec. 2012 1,962 42
14ComairDec. 2012 554 39
15Flybe GroupSep. 2012 974 39
16Aegean AirlinesDec. 2012 857 39
17Transasia AirwaysDec. 2012 343 37
18Tiger Airways HoldingsDec. 2012 634 37
19Air MauritiusDec. 2012 597 32
20TunisAirJun. 2012 789 31
21PAL HoldingsDec. 2012 1,756 23
22SpiceJetMar. 2012 821 9
23Pakistan International AirlinesSep. 2012 1,374 8
24Meridiana FlyOct. 2012 822 1
Overall Top 10 TPA Rankings, by total scores
1Allegiant Travel Co.74.8
2Regional Express Holdings 69.3
3AirAsia 68.3
4Copa Holdings67.8
5WestJet Airlines64.4
6Spirit Airlines64.2
7Ryanair Holdings62.1
8EasyJet61.5
9All Nippon Airways61.0
10Alaska Air Group60.4
BEST FIVE-YEAR AVERAGE SCORE (2008-12)
RANKCOMPANYTOTAL SCORE
1Allegiant Travel Co. 74
2Regional Express Holdings 70
3Copa Holdings 68
4Air Arabia 65
5AirAsia 64
6Singapore Airlines 60
7Ryanair Holdings 59
8WestJet Airlines 58
9All Nippon Airways 57
10Hainan Airlines 56
Source: TPA Study
TOP 5, LATIN AMERICA
RANKCOMPANYTOTAL SCORE
1Copa Holdings 68
2Grupo Aeromexico 45
3Avianca Holdings 42
4Latam Airlines Group 35
5GOL 17
Source: TPA Study
TOP 10, ASIA PACIFIC
RANKCOMPANYTOTAL SCORE
1Regional Express Holdings 69
2AirAsia 68
3All Nippon Airways 61
4Cebu Air 56
5Singapore Airlines 55
6Air New Zealand 52
7Hainan Airlines 51
8Air China 51
9Qantas Airways 47
10Garuda Indonesia 47
Source: TPA Study
TOP 10, EUROPE
RANKCOMPANYTOTAL SCORE
1Ryanair Holdings 62
2EasyJet 62
3IcelandAir Group 54
4Vueling Airlines 52
5Turk Hava Yollari 51
6Aer Lingus 51
7Deutsche Lufthansa 49
8Aeroflot Russian Airlines 48
9Finnair 42
10Norwegian Air Shuttle 41
Source: TPA Study
TOP 10, NORTH AMERICA
RANKCOMPANYTOTAL SCORE
1Allegiant Travel Co. 75
2WestJet Airlines 64
3Spirit Airlines 64
4Alaska Air Group 60
5Chorus-Jazz Air 50
6Southwest Airlines 45
7US Airways Group 45
8SkyWest 43
9Republic Airways 42
10Hawaiian Holdings 42
Source: TPA Study


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