28 January 2009

Frontier ends 2008 with strong financial performance

Frontier Airlines Holdings filed its Monthly Operating Report for December 2008. Frontier reported a consolidated operating profit of $18.9 million and a net profit of $18.7 million for the month. Excluding special items, the Company reported an operating profit of $18.3 million and a net profit of $17.0 million. The Company, excluding special items, reported …

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ATK agrees to produce composite aft fan cases for Trent XWB Engines

Alliant Techsystems has agreed to a contract valued in excess of $200 million with Rolls-Royce to produce composite aft fan cases for the new Trent XWB engine. Under the contract with Rolls Royce ATK becomes a partner on the Trent XWB program. The Rolls-Royce Trent XWB is the sole engine currently available to power the …

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Boeing posts quarterly loss of $56 million

The Boeing Company’s fourth-quarter net income declined to a loss of $56 million, reflecting the now-settled machinists’ strike, a charge related to the 747 and a litigation-related reserve. Revenues for the quarter declined 27% to $12.7 billion, due primarily to the effects of the strike which reduced commercial airplane deliveries by approximately 70 units and …

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AirTran Holdings reports fourth quarter net loss of $118.4 million

AirTran Holdings, the parent company of AirTran Airways, reported a net loss of $273.8 million for the full year 2008 which included non-operating losses of $150.8 million related to changes in fair value on the Company’s out-of-the-money fuel hedge contracts. During the fourth quarter, AirTran unwound approximately 78% of its 2009 fuel hedge contracts in …

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Executive Jet market stays buoyant as buyers find bargains

A leading aircraft trading company is seeing a sustained demand for executive jets, as buyers take advantage of competitive prices for new and used executive aircraft. Twinjet Aircraft Sales says it has not experienced any decline in purchase enquiries over the past six months, attributing the lower prices to a greater availability of new and …

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