In the first nine months of 2021, MTU Aero Engines AG generated stable revenue and earnings. Revenue was €3,008 million, compared with €2,957 million in the first nine months of 2020. The operating profit was €307 million; in the prior-year period it was €311 million. The adjusted EBIT margin was 10.2% (1-9/2020: 10.5%). Net income was almost unchanged year-on-year at
Airbus has reported consolidated financial results for the nine months ended 30 September 2021. “The nine-month results reflect a strong performance across the company as well as our efforts on cost containment and competitiveness. As the global recovery continues, we are closely monitoring potential risks to our industry. We are focused on securing the A320
Spirit Airlines (Spirit) has reported third-quarter 2021 financial results. The carrier ended the third quarter of 2021 with US$1.9 billion of unrestricted cash, cash equivalents, short-term investment securities and liquidity available under the company’s revolving credit facility. Spirit reported third-quarter revenues of US$922.6 million and posted a net income of US$14.8 million. The Company experienced
The Boeing Company has reported third-quarter revenue of US$15.3 billion, driven by higher volumes of commercial airplanes and services. GAAP loss per share of (US$0.19) and core loss per share (non-GAAP) of (US$0.60) primarily reflects higher commercial volume. Boeing recorded operating cash flow of ($0.3) billion. The Company reported a net loss of (US$132) million. Commercial Airplanes
Lockheed Martin has reported third-quarter 2021 net sales of US$16.0 billion, compared to US$16.5 billion in the third quarter of 2020. Net earnings from continuing operations in the third quarter of 2021 were US$614 million, compared to US$1.8 billion in the third quarter of 2020. Cash from operations was US$1.9 billion in the third quarter of
Alaska Air Group (Alaska) has rreported financial results for its third quarter ending September 30, 2021. The third quarter marks a significant stride forward in Alaska’s path to recovery. Alaska’s goal from the beginning of the pandemic has been deliberate – scaling the business back up in a measured way, leveraging the company’s strong balance
American Airlines Group (American) has reported its third-quarter 2021 financial results. The company posted third-quarter net profit of US$169 million, or US$0.25 per diluted share. Excluding net special items, third-quarter net loss was S$641 million, or (US$0.99) per share. Third-quarter revenue was US$9.0 billion, up 20% sequentially from the second quarter of 2021. American Airlines
United Airlines (UAL) has reported third-quarter 2021 financial results. Despite the impact of the COVID-19 Delta variant in the third quarter, the company remains confidently on track to achieve the range of longer-term financial targets laid out as part of its United Next plan earlier this summer, and to reduce CASM-ex below 2019 levels next year.
Eirtech Aviation Services has announced the acquisition of H4 Aerospace U.K. Limited (H4A). Based in Hemel Hempstead in the U.K., H4A brings with it over 20 years of engineering P21 J design experience. The principals of H4A, Russell Wenman and Nicholas Knox, will continue to grow the business and the business will trade as H4
Astronics Corporation has closed on the sale of its facility in Ft. Lauderdale, Florida for total consideration of US$9.1 million. Net proceeds were approximately US$8.7 million in cash. The company expects to record a gain in the fourth quarter of 2021 of approximately US$5.0 million. The sale was a result of the consolidation of the
