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
During the second quarter, Bombardier Business Aircraft revenues totalled US$1.3 billion on 34 deliveries, with aftermarket revenue growing 21%, offset by lower aircraft revenues from fewer pre-owned aircraft available. On a year-to-date basis, revenues total US$2.4 billion, on track to the US$5 billion guidance for the full year. Year to date, deliveries reached 65 aircraft,
The Lufthansa Group has increased its total first half-year revenues by 5.2% in 2018, excluding the impact of the first-time application of the IFRS 15 accounting standard. The Group reported total first half-year revenues amounted to €16.9 billion, broadly in line with the prior-year level. Traffic revenue for the first six months totaled €13.2 billion,
In the second quarter 2018, the Air France-KLM Group realized an operating result of €345 million, down by €241 million compared to last year. This decrease is mainly explained by the strikes at Air France with a negative impact of around US260 million, the fuel price increase and currency headwinds having been partly offset by
Spirit’s second quarter 2018 revenue was US$1.8 billion, up slightly from the same period of 2017. This increase was primarily driven by higher production deliveries on the Boeing 737 program, partially offset by lower production deliveries on the Boeing 777 program, lower revenue recognized on the Boeing 787 program as a result of the adoption
GA Telesis, a leader in integrated aviation services, reported record LTM performance as well as first-half results for 2018 for the Company’s MRO Services Group. Revenue increased by 25% on a year-over-year basis for the first six months of 2018, while new customer growth increased by 9% and existing customer concentration was diluted by 7%.
Embraer has delivered 28 commercial and 20 executive aircraft (15 light jets and 5 large jets) in 2Q18, for a total of 48 jets delivered during the quarter. This compares to the Company’s total aircraft deliveries of 59 jets in 2Q17, of which 35 were commercial jets and 24 were executive jets (16 light jets
WestJet has announced its second quarter results for 2018, with a net loss of CA$20.8 million, or CA$0.18 per fully diluted share. This result compares with net earnings of CA$48.6 million, or CA$0.41 per fully diluted share reported in the second quarter of 2017. Based on the trailing twelve months, the airline achieved a return
AerCap Holdings N.V. has reported net income of US$254.2 million for the second quarter of 2018 and US$519.6 million for the first half of 2018. Highlights: – 90 aircraft transactions executed in the second quarter of 2018, including 17 widebody transactions. – 20 aircraft purchased for $1.5 billion. – 6.6 years average age of owned
On a visit to Belfast, Northern Ireland, the British Chancellor of the Exchequer announced that the U.K. government is to provide Bombardier with £12 million (US$15.7 million) in funding for the development of a thrust reverser for the new Airbus A320 NEO nacelle. Visiting Bombardier’s production line in Belfast, the Chancellor commented: “We are backing
