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
MTU Aero Engines generated revenues of €2,148.6 million in the first six months of 2018, up 9 % on the previous year (1-6/17: €1,977.0 million). The group’s operating profit increased by 13% from €296.3 million to €334.6 million, resulting in an EBIT margin increase from 15.0% to 15.6%. Earnings after tax also increased by 13%
Alaska Air Group has reported second quarter 2018 GAAP net income of US$193 million compared to US$293 million in the second quarter of 2017. Excluding the impact of merger-related costs and mark-to-market fuel hedge adjustments, the company reported adjusted net income of US$206 million compared to US$309 million in 2017. Alaska Air Group generated approximately
Heathrow flies to busiest first half ever in 2018, with strong passenger satisfaction scores pushed up demand to fly from the UK’s hub to an all-time high of 38.1 million passengers (+2.5%), with growth across all markets. Four new connections to China in 2018 helped trade through Heathrow grow 2.2% to 841,449 tonnes of cargo.
Airbus has posted half-year (H1) 2018 consolidated financial results and maintained its guidance for the full year. “The first half financials reflect the back-loaded deliveries due to A320neo engine shortages, while on the positive side there was a strong improvement on the A350 programme,” said Airbus Chief Executive Officer Tom Enders. “A320neo aircraft deliveries picked
The Boeing Company has reported second-quarter revenue of US$24.3 billion reflecting higher commercial deliveries and mix, defense volume and services growth. GAAP earnings per share increased to US$3.73 and core earnings per share (non-GAAP) increased to US$3.33 reflecting solid execution across the company. Results also reflect a charge related to the previously announced Spirit litigation
JetBlue Airways has reported its results for the second quarter 2018: The airline reported diluted loss per share of US$0.38, inclusive of US$319 million pre-tax impairment charge on E190 assets. Excluding this charge, adjusted diluted earnings per share of US$0.38. This compares to JetBlue’s second quarter 2017 diluted earnings per share of US$0.62. Pre-tax loss
Ryanair has reported a 20% fall in first quarter profits to €319 million (excl. exceptionals). Strong traffic growth (up 7%), overcapacity in Europe and the earlier timing of Easter, led to a 4% decline in average fares. Higher fuel and staff costs offset strong ancillary revenue growth in the quarter. Guidance Ryanair continues to guide
U.S. industrial conglomerate Honeywell International’s revenue for the second-quarter 2018, ending June 30, rose 8.3 percent to US$10.92 billion, above a Wall Street estimate of US$10.80 billion. This earned US$2.12 per share for the quarter, a marked increase on analysts’ average forecast of US$2.01. The news saw the company’s share price rise by as much
SIA Engineering Group has recorded a profit attributable to owners of the parent of SG$40.5 million for the quarter ended 30 June 2018, an increase of SG$3.8 million or 10.4%, mainly from an increase in share of profits of associated and joint venture companies, partially offset by a decrease in operating profit. Operating profit of
