Air Lease Corporation has reported that revenues increased U$17 million or 4.4% to US$398 million for the three months ended June 30, 2018 from US$381 million for the three months ended June 30, 2017. This increase was principally driven by the increase in the net book value of its fleet, partially offset by a reduction
AeroCentury, an independent aircraft leasing company, has reported a second quarter net loss of US$81,000, compared to net income of US$371,000 for the first quarter of 2018 and net income of US$356,000 for the second quarter of 2017. In the first six months of 2018, net income decreased 76% to approximately US$236,000, from approximately US$997,000
It has been a tough time for Touristik Union International (TUI), the world’s largest leisure, travel and tourism company in the world, the result of which has seen the Group’s underlying earnings fall 18% to €193 million for the previous three months up to the end of June, net profit falling 31% to €110.5 million
Turkish Airlines managed to increase both passenger and cargo revenue in the first half of 2018. Total revenue for this period increased significantly, by approximately 30% compared to the same period last year, reaching US$6 billion. During this period Turkish Airlines increased net operating profit from US$17 million to US$258 million, due to increasing demand
Willis Lease Finance Corporation has reported a pre-tax profitv of US$11.6 million in the second quarter of 2018, driven by strong sales in each of its leasing, spare parts and asset management businesses. The Company achieved record quarterly lease rent revenue of US$43.1 million in the period driven by continued high utilization and 14.9% growth
Avolon, the international aircraft leasing company, has announced that ORIX Corporation, through its wholly owned subsidiary ORIX Aviation Systems (ORIX Aviation), has entered into an agreement to acquire a 30% stake in Avolon from Bohai Capital (Bohai). The Transaction is subject to customary closing conditions and Bohai shareholder approval. Bohai’s largest shareholder, HNA Group, has
– Air Transport Services Group, a provider of medium wide-body aircraft leasing, air cargo transportation and related services, has reported consolidated financial results for the quarter ended June 30, 2018: GAAP revenues were US$203.6 million based on new revenue recognition standards adopted in 2018. 2Q 2018 revenues increased six percent after excluding US$61.1 million in
The Latvian airline airBaltic has concluded the first half year of 2018 with a total revenue of €180.8 million, which is a 19% increase over the same period last year. At the same time airBaltic has carried 1.9 million passengers, an increase of 20%, and performed 13% more flights during the six months of 2018.
IAG’s operating profit for the six months to June 30, 2018 was €1,115 million before exceptional items, an improvement of €165 million from last year. British Airways made a profit of €868 million before exceptional items (2017 restated: €740 million); Iberia made a profit of €102 million (2017 restated: €87 million); Aer Lingus made a
Rolls-Royce has delivered better-than-expected half-year results, allowing the company to raise its full-year earnings outlook. Pre-tax profit of £81 million was reported for the first half of 2018 compared to a loss of £126 million for the same period last year. Underlying operating profit was reported at £141 million compared to a loss of £84
