//img.uscri.be/pth/572cf107dfb0f934bbb428c85c581890b01f724a
La lecture en ligne est gratuite
Le téléchargement nécessite un accès à la bibliothèque YouScribe
Tout savoir sur nos offres
Télécharger Lire

NATS Reports Strong Performance and Pursues Growth

2 pages
NATS Reports Strong Performance and Pursues Growth PR Newswire FAREHAM, England, June 29, 2012 FAREHAM, England, June 29, 2012 /PRNewswire/ -- Overview: • Financial results improved in 2011/12, following the price control review for 2011-2014 • Strong operational performance delivers economic and operational benefit to airlines • A growing commercial and international business NATS, the UK's leading provider of air traffic services, has today announced strong financial performance for the year to 31 March 2012. Revenue increased by £88 million to £865 million, while pre-tax profits rose by £89 million to £195 million. The exceptional increase in profit mainly arises from the price control review for 2011-2014 (CP3) which: reset the mainly cash-based revenue allowances of the economically regulated business to enable the company to meet higher pension contributions and to recover additional investment in air traffic control systems, and adopted new traffic forecasts thereby ending the sizeable under-recovery of revenue allowances in the previous year caused by the weak economic environment. Contract renewals and growth in NATS' commercial business also contributed. Delivering performance targets to customers of regulated business NATS' core en route air traffic control service is economically regulated and incentivised to deliver specific performance targets that create economic value for its airline customers. In the year, these involved delivering: 1.
Voir plus Voir moins
NATS Reports Strong Performance and
Pursues Growth
PR Newswire
FAREHAM, England, June 29, 2012
FAREHAM,
England
,
June 29, 2012
/PRNewswire/ --
Overview:
• Financial results improved in 2011/12, following the price control review for
2011-2014
• Strong operational performance delivers economic and operational benefit to
airlines
• A growing commercial and international business
NATS, the UK's leading provider of air traffic services, has today announced
strong financial performance for the year to
31 March 2012
. Revenue
increased by £88 million to £865 million, while pre-tax profits rose by £89
million to £195 million.
The exceptional increase in profit mainly arises from the price control review
for 2011-2014 (CP3) which:
reset the mainly cash-based revenue allowances of the economically regulated
business to enable the company to meet higher pension contributions and to recover
additional investment in air traffic control systems, and
adopted new traffic forecasts thereby ending the sizeable under-recovery of revenue
allowances in the previous year caused by the weak economic environment.
Contract renewals and growth in NATS' commercial business also contributed.
Delivering performance targets to customers of
regulated business
NATS' core en route air traffic control service is economically regulated and
incentivised to deliver specific performance targets that create economic value
for its airline customers. In the year, these involved delivering:
1.
Safety and Capacity:
Safety is our first priority. NATS handled some 2.2 million flights
(2011: 2.1 million) and for the fourth successive year achieved its target of no NATS
attributable risk-bearing airprox, maintaining an already excellent safety record.
2.
Low levels of delay:
NATS limited average delay per flight to 7.3 seconds - around one
tenth of the European average - achieved while integrating major new technology.
3.
Saving fuel and CO
2
:
NATS provided improved flight profiles to customers enabling
savings of 25,000 tonnes of fuel worth c £17m, or the equivalent to 80,000 tonnes of CO
2
.
During the year, NATS also delivered a number of major projects with minimal
disruption to services. This included transitioning iFACTS, one of the most
advanced controller decision support systems, into full operational service at
Swanwick, requiring some 30,000 hours of training to 480 staff. The system
brings improvements to both safety and capacity.
This performance, supported by proactive communications, resulted in our
best-ever customer satisfaction score with 81.1% of respondents satisfied or
highly satisfied with the company's service.
Richard Deakin, Chief Executive, said: "We are acutely aware of the high cost to
our airline customers of delay and flight inefficiency. This explains our focus on
continuing to provide the highest standards of safety, environmental and
service performance, cost-effectively. We believe this delivers the greatest
economic value.
"We are looking to find innovative solutions that add even more value in the
future. For example, if we deliver on our CP3 flight efficiency targets, enabling
our customers to save 600,000 tonnes of CO
2,
we will reduce their fuel bill by
some £120m at today's prices.
"And increasingly we are seeking to enhance these outcomes by working
collaboratively with other air navigation service providers under the European
Commission's Single European Sky programme."
A growing commercial and international business
Outside its economically regulated business, NATS provides a range of
commercial air traffic and airport optimisation services. Through renewing
existing domestic airport contracts and winning business in new markets in the
year, the company secured forward orders worth £495m in the UK and 20
other countries. These included:
1. a new seven year contract with BAA to continue to provide air traffic control services to five
airports (including
Edinburgh
, which has since been sold to GIP);
2. a two year extension to the
Gatwick
airport contract;
3. a five year contract awarded to its Spanish joint venture for air traffic control services to 10
airports;
4. consultancy contracts in the
USA
, the
Middle East
and
Asia-Pacific
.
NATS' expertise in information management, designing and managing complex
airspace, and optimising runway capacity for customers, supports the world's
busiest single and dual runway airports at
Gatwick
and
Heathrow
and is now
helping to win new business internationally in markets from the
USA
to
India
,
and from the UAE to
Singapore
.
Richard Deakin added: "We made excellent progress in generating business in
new markets and, with a clear strategy and operating under the NATS brand,
we have made a good start towards achieving our vision for 2015 of £1bn
sustainable revenue.
"We are now looking forward to the Olympic and Paralympic Games. Our
planning and preparations have been extensive, including the design and
introduction of temporary new airspace. We have done this in close
cooperation with airlines, airports, military, Civil Aviation Authority and
Government. The significant volumes of air traffic during the Games represent
one of NATS' greatest operational challenges ever, but we are confident we can
play our part in making it a successful event for the UK."
http://www.nats.co.uk