Ryanair October traffic up 4%
Ryanair released that traffic for the month of October 2012 increased 4% year over year while the load factor was down 2.0 points to 82% compared to the previous year.
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7 November 2012
IAG reports October load factor of 80.5%
International Airlines Group (IAG) reported that October 2012Â Group traffic rose by 3.2% versus October 2011, Group capacity was up 2.7%, while the load factor for the month was up 0.4 points to 80.5%.
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Bombardier Aerospace reports third quarter results
Bombardier Aerospace’s revenues totalled $2.3bn, the same level as last fiscal year. EBIT totalled $123m translating into an EBIT margin of 5.4% for the third quarter ended September 30, 2012, compared to $129m, or 5.6%, last fiscal year. Free cash flow usage totalled $68m compared to a free cash flow of $53m for the corresponding
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Boeing to convert 767s to Freighters for Guggenheim Aviation Partners
Boeing and Guggenheim Aviation Partners announced an agreement for Boeing to convert three 767-300ER passenger airplanes to freighters. The Boeing Converted Freighters (BCF) will be delivered to Guggenheim Aviation Partners in 2013. Boeing will manage and engineer the project with the actual conversion taking place at ST Aerospace’s subsidiary, ST Aviation Services Company (SASCO) in
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Copa Holdings' traffic up 24% in October 2012
For the month of October 2012, Copa Holdings’ system-wide passenger traffic increased 23.6% year over year, while capacity increased 23.3%. Â As a result, system load factor for September 2012 was 74.2%, a 0.2 percentage point increase when compared to October 2011.
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WestJet appoints Ferio Pugliese President, WestJet Encore
WestJet appointed Ferio Pugliese to the position of President, WestJet Encore, and Executive Vice-President, WestJet effective immediately. A certified human resources professional (CHRP) and 2007 recipient of Canada’s Top 40 under 40 award, Ferio holds a master of arts degree from Central Michigan University, a bachelor of arts degree in social science and a bachelor
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Republic Airways reports October 2012 traffic
Republic Airways Holdings reported preliminary passenger traffic results for October 2012. Traffic for the month was essentially the same as October of last year, on a 3% decrease in capacity. Consolidated load factor was 84% versus 82% in the same month last year.
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Northrop Grumman signs agreement with Danish composite manufacturer for F-35 Lightning II program
Northrop Grumman Corporation (NOC) has entered a long-term agreement (LTA) with the advanced composites manufacturer Terma A/S in Denmark to manufacture component parts for the international F-35 Lightning II program. The LTA, which has a potential value of more than $97m upon completion of all follow-on options, was signed on Sept. 20th and further emphasizes
Pinnacle Airlines flight attendants ratify collective bargaining agreement
Pinnacle Airlines reported that its flight attendants ratified the tentative agreement reached on Oct. 12th. The ratification means the flight attendants, represented by the Association of Flight Attendants-CWA (AFA), will avoid the Section 1113 litigation process in bankruptcy court and is a critical part of the company’s restructuring plan. The contract remains subject to required
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WestJet reports third quarter net earnings of $71m, up 80%
WestJet announced third quarter net earnings of $70.6m, up from the net earnings of $39.3m reported in the third quarter of 2011. These financial results mark WestJet’s 30th consecutive quarter of profitability. Based on the trailing twelve months, the airline achieved a return on invested capital of 12.7%, up from the 11.4% reported last quarter.
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