Financial

Embraer and Aernnova have concluded the strategic partnership agreement announced in early 2022. Therefore, Aernnova now owns all shares of Embraer Metálicas and Embraer Compósitos, in an investment totalling approximately US$174 million. For Embraer, this partnership is another opportunity to increase the production capacity of these two units, since besides supplying components for the company’s

Southwest Airlines has reported its first-quarter 2022 financial results. The company posted a net loss of US$278 million, excluding special items, a net loss of US$191 million down 8.8% compared with first-quarter 2019. Cash provided by operations was US$1.1 billion. The company was encouraged by the sharp rebound in revenue trends in March 2022, despite

Embraer’s first-quarter 2022 earnings have reaffirmed the company’s guidance and show a clear narrowing of its net loss. The Brazilian planemaker delivered 14 jets in the first quarter, of which six were commercial aircraft and eight executive jets (six light and two mid-size). The firm order backlog ended 1Q22 at US$17.3 billion (+US$0.3 billion versus

Jazeera Airways has posted a net profit of KD3.8 million (US$12.43 m) for the first quarter (Q1) of 2022, compared to a net loss of KD5.2 million (US$17.00 m) in the first quarter of 2021. Total revenue for the quarter reached KD35.7 million (US$116.74), up 339.2%, while operating profit stood at KD5.3 million (US$17.33 m),

Alaska Air Group has reported financial results for its first quarter ending March 31, 2022. The Group reported net loss for the first quarter of 2022 under Generally Accepted Accounting Principles (GAAP) of US$143 million, compared to a net loss of US$131 million in the first quarter of 2021. Net loss for the first quarter

Lockheed Martin Corporation has reported first-quarter 2022 net sales of US$15.0 billion, compared to US$16.3 billion in the first quarter of 2021. Net earnings in the first quarter of 2022 were US$1.7 billion, compared to US$1.8 billion in the first quarter of 2021. Cash from operations was US$1.4 billion in the first quarter of 2022, compared to

Delta Air Lines (Delta) has posted its financial results for the March quarter of 2022. The company reported an adjusted operating loss of US$793 million excluding a net gain of US$9 million and a pre-tax loss of US$1.2 billion with an adjusted pre-tax loss of US$1.0 billion, excluding a net expense of US$164 million. Adjusted operating