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Southwest Airlines reported record first quarter net income of US$453m which included US$2m (net) of favorable special items, compared with first quarter 2014 net income of US$152m, which included US$26m (net) of favorable special items. First quarter 2015 total operating revenues increased 6.0% US$4.4bn, on a 6.0% increase in ASMs, both compared with first quarter

Alaska Air Group posted first quarter 2015 GAAP net income of US$149m compared to US$94m in the first quarter of 2014. Excluding the impact of mark-to-market fuel hedge adjustments, the company reported record adjusted net income of US$149m compared to adjusted net income of US$89m in 2014.

United Airlines (UAL) reported first-quarter 2015 net income of US$582m, excluding US$74m of special items. Including special items, UAL reported first-quarter net income of US$508m. These results are a record first-quarter profit for the company. For the first quarter of 2015, total revenue was US$8.6bn, a decrease of 1.0% year-over-year. First-quarter consolidated passenger revenue increased

B/E Aerospace reported first quarter 2015 revenues of US$690m an increase of 7.0% as compared with the prior year period (revenues increased 7.7 percent adjusting for the impact of Euro denominated sales). In addition, revenues from the Company’s Russian customers were severely impacted by geopolitical and macroeconomic forces, and demand from defense customers was also

Avolon, the international aircraft leasing company, announced the completion of a new US$675m 8 year secured debt facility. The new facility will finance up to 21 aircraft at a margin of 1.65%. The facility is financed by six banks based in Europe and Asia-Pacific.