23 July 2008

Northwest Airlines reports second quarter loss of $377 million

Northwest Airlines reported a second quarter 2008 net loss of $377 million, or $1.43 per share. Reported results include a net non-cash impairment charge of $547 million and a $250 million gain associated with marking-to-market out-of-period fuel hedges. These results compare to the second quarter of 2007 when Northwest reported net income of $2.1 billion, […]

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Satyam and Infospectrum partner to enhance MRO services for aviation companies

Satyam Computer Services, a leading global consulting and information technology services provider, has signed an agreement with Infospectrum to provide enhanced service to operators, third-party maintenance, repair and overhaul (MRO) and component repair providers in the global aviation industry. Headquartered in Los Angeles, Infospectrum provides custom and packaged software to global customers in the aviation,

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Boeing reports second-quarter financial results, reaffirms guidance

The Boeing Company’s second-quarter earnings per share decreased 14% to $1.16 per share, on revenue of $17.0 billion and an operating margin of 7.4%. Results were affected by the previously disclosed charge for the Airborne Early Warning & Control (AEW&C) program and lower profitability due to mix and timing in Commercial Airplanes, partially offset by

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United Airlines reaches agreement in principle to enhance liquidity

UAL Corporation reported that it reached an agreement in principle with its Mileage Plus co-branded bank card partner, Chase Bank U.S.A., N.A. (“Chase”), and Paymentech, one of its credit card processors, to extend the term of their respective agreements. As part of the transaction, United will receive a payment of $600 million from Chase, which

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