Tag: considerations
TOKYO, March 5, 2021 – ANA HOLDINGS INC. (hereinafter “ANA HD”) is proud to announce that it has received the Gold Class distinction from the 2021 S&P Global Sustainability Awards, becoming the only company within the aviation industry to receive this recognition. ANA was previously named to S&P Global’s elite Gold Class tier in 2018 and 2019. This is the latest in a long line of ESG-related awards for ANA HD, with the company also being recognized by IATA, J-Win, and the Dow Jones Sustainability Index.
ANA HD was one of only 70 companies (including 6 Japanese companies) to earn Gold Class recognition from S&P Global out of the 7,032 companies that were considered, placing ANA in the top 1%. Companies are judged based on their contributions to the three aspects of economy, environment, and society, and are assigned Gold, Silver, or Bronze ratings that have a specifically strong track record.
ANA HD was one of only 70 companies (including 6 Japanese companies) to earn Gold Class recognition from S&P Global out of the 7,032 companies that were considered, placing ANA in the top 1%. Companies are judged based on their contributions to the three aspects of economy, environment, and society, and are assigned Gold, Silver, or Bronze ratings that have a specifically strong track record.
ANA HD was selected as the only Gold Class company in the entire aviation industry in recognition of its outstanding environmental record as well as its prioritization of safety and quality across its full range of operations. ANA HD’s information management, and efforts to hire and retain human resources were also commended.
TOKYO, March 5, 2021 – ANA HOLDINGS INC. (hereinafter “ANA HD”) is proud to announce that it has received the Gold Class distinction from the 2021 S&P Global Sustainability Awards, becoming the only company within the aviation industry to receive this recognition. ANA was previously named to S&P Global’s elite Gold Class tier in 2018 and 2019. This is the latest in a long line of ESG-related awards for ANA HD, with the company also being recognized by IATA, J-Win and the Dow Jones Sustainability Index.
ANA HD was one of only 70 companies (including 6 Japanese companies) to earn Gold Class recognition from S&P Global out of the 7,032 companies that were considered, placing ANA in the top 1%. Companies are judged based on their contributions to the three aspects of economy, environment, and society, and are assigned Gold, Silver, or Bronze ratings that have a specifically strong track record.
ANA HD was selected as the only Gold Class company in the entire aviation industry in recognition of its outstanding environmental record as well as its prioritization of safety and quality across its full range of operations. ANA HD’s information management, and efforts to hire and retain human resources were also commended.
- *1 S&P Global:
One of the world’s leading financial service companies providing credit ratings, benchmarks in global capital and commodity markets, and providing detailed data and observations related to important business factors including ESG.
TOKYO, March 5, 2021 – ANA HOLDINGS INC. (hereinafter “ANA HD”) is proud to announce that it has received the Gold Class distinction from the 2021 S&P Global Sustainability Awards, becoming the only company within the aviation industry to receive this recognition. ANA was previously named to S&P Global’s elite Gold Class tier in 2018 and 2019. This is the latest in a long line of ESG-related awards for ANA HD, with the company also being recognized by IATA, J-Win and the Dow Jones Sustainability Index.
ANA HD was one of only 70 companies (including 6 Japanese companies) to earn Gold Class recognition from S&P Global out of the 7,032 companies that were considered, placing ANA in the top 1%. Companies are judged based on their contributions to the three aspects of economy, environment, and society, and are assigned Gold, Silver, or Bronze ratings that have a specifically strong track record.
ANA HD was selected as the only Gold Class company in the entire aviation industry in recognition of its outstanding environmental record as well as its prioritization of safety and quality across its full range of operations. ANA HD’s information management, and efforts to hire and retain human resources were also commended.
- *1 S&P Global:
One of the world’s leading financial service companies providing credit ratings, benchmarks in global capital and commodity markets, and providing detailed data and observations related to important business factors including ESG.
TOKYO, March 5, 2021 – ANA HOLDINGS INC. (hereinafter “ANA HD”) is proud to announce that it has received the Gold Class distinction from the 2021 S&P Global Sustainability Awards, becoming the only company within the aviation industry to receive this recognition. ANA was previously named to S&P Global’s elite Gold Class tier in 2018 and 2019. This is the latest in a long line of ESG-related awards for ANA HD, with the company also being recognized by IATA, J-Win and the Dow Jones Sustainability Index.
ANA HD was one of only 70 companies (including 6 Japanese companies) to earn Gold Class recognition from S&P Global out of the 7,032 companies that were considered, placing ANA in the top 1%. Companies are judged based on their contributions to the three aspects of economy, environment, and society, and are assigned Gold, Silver, or Bronze ratings that have a specifically strong track record.
ANA HD was selected as the only Gold Class company in the entire aviation industry in recognition of its outstanding environmental record as well as its prioritization of safety and quality across its full range of operations. ANA HD’s information management, and efforts to hire and retain human resources were also commended.
- *1 S&P Global:
One of the world’s leading financial service companies providing credit ratings, benchmarks in global capital and commodity markets, and providing detailed data and observations related to important business factors including ESG.
Fourth Quarter 2020
- Financial results significantly impacted by COVID-19, 737 MAX grounding, and commercial widebody programs
- 777X program recorded $6.5 billion pre-tax charge; first delivery expected in late 2023
- 737 MAX began receiving regulatory approval to resume operations and restarted deliveries
- Revenue of $15.3 billion, GAAP loss per share of ($14.65) and core (non-GAAP)* loss per share of ($15.25)
Full-Year 2020
- Revenue of $58.2 billion, GAAP loss per share of ($20.88) and core (non-GAAP)* loss per share of ($23.25)
- Operating cash flow of ($18.4) billion; cash and marketable securities of $25.6 billion
- Total backlog of $363 billion, including more than 4,000 commercial airplanes
- Strengthening safety processes, improving performance, managing liquidity and transforming for the future
| Table 1. Summary Financial Results | Fourth Quarter | Full Year | |||||||||
| (Dollars in Millions, except per share data) | 2020 | 2019 | Change | 2020 | 2019 | Change | |||||
| Revenues | $15,304 | $17,911 | (15)% | $58,158 | $76,559 | (24)% | |||||
| GAAP | |||||||||||
| Loss From Operations | ($8,049) | ($2,204) | NM | ($12,767) | ($1,975) | NM | |||||
| Operating Margin | (52.6)% | (12.3)% | NM | (22.0)% | (2.6)% | NM | |||||
| Net Loss | ($8,439) | ($1,010) | NM | ($11,941) | ($636) | NM | |||||
| Loss Per Share | ($14.65) | ($1.79) | NM | ($20.88) | ($1.12) | NM | |||||
| Operating Cash Flow | ($4,009) | ($2,220) | NM | ($18,410) | ($2,446) | NM | |||||
| Non-GAAP* | |||||||||||
| Core Operating Loss | ($8,377) | ($2,526) | NM | ($14,150) | ($3,390) | NM | |||||
| Core Operating Margin | (54.7)% | (14.1)% | NM | (24.3)% | (4.4)% | NM | |||||
| Core Loss Per Share | ($15.25) | ($2.33) | NM | ($23.25) | ($3.47) | NM |
| *Non-GAAP measure; complete definitions of Boeing’s non-GAAP measures are on page 6, “Non-GAAP Measures Disclosures.” |
The Boeing Company [NYSE: BA] reported fourth-quarter revenue of $15.3 billion, reflecting lower commercial deliveries and services volume primarily due to COVID-19 as well as 787 production issues, partially offset by a lower 737 MAX customer considerations charge in the quarter compared to the same period last year (Table 1). GAAP loss per share of ($14.65) and core loss per share (non-GAAP)* of ($15.25) reflected a $6.5 billion pre-tax charge on the 777X program and a tax valuation allowance, partially offset by a lower 737 MAX customer considerations charge. Boeing recorded operating cash flow of ($4.0) billion.
“2020 was a year of profound societal and global disruption which significantly constrained our industry. The deep impact of the pandemic on commercial air travel, coupled with the 737 MAX grounding, challenged our results. I am proud of the resilience and dedication our global team demonstrated in this environment as we strengthened our safety processes, adapted to our market and supported our customers, suppliers, communities and each other,” said Boeing President and Chief Executive Officer Dave Calhoun. “Our balanced portfolio of diverse defense, space and services programs continues to provide important stability as we lay the foundation for our recovery. While the impact of COVID-19 presents continued challenges for commercial aerospace into 2021, we remain confident in our future, squarely-focused on safety, quality and transparency as we rebuild trust and transform our business.”
The return to service of the 737 MAX in the U.S. and several other markets was an important step, and Boeing continues to follow the lead of global regulators and support its customers. Since the FAA’s approval to return to operations, Boeing has delivered over 40 737 MAX aircraft and five airlines have safely returned their fleets to service as of January 25, 2021, safely flying more than 2,700 revenue flights and approximately 5,500 flight hours.
Boeing now anticipates that the first 777X delivery will occur in late 2023. This schedule, and the associated financial impact, reflect a number of factors, including an updated assessment of global certification requirements, the company’s latest assessment of COVID-19 impacts on market demand, and discussions with its customers with respect to aircraft delivery timing.
Click the link below to read the full press release!
https://boeing.mediaroom.com/2021-01-27-Boeing-Reports-Fourth-Quarter-Results