Ardian Infrastructure reported that it sold its 49% stake in London Luton Airport (LLA) to AMP Capital, the Australian specialist global investment manager. Ardian acquired its stake in the airport in 2013 and in conjunction with airport operator Aena , invested over £160 million (US$222m) in the airport’s development. The result has seen passenger numbers
The Boeing Company has reported first-quarter revenue of US$23.4bn reflecting higher commercial deliveries and mix, defense contract volume and services growth. GAAP earnings per share increased to US$4.15 and core earnings per share (non-GAAP) increased to US$3.64 reflecting strong performance across the company. Commercial Airplanes first-quarter revenue was US$13.7bn reflecting higher deliveries and mix. First-quarter
For the first time in ten years Finnair has achieved a profitable comparable operating result in the first quarter. Revenue for the first quarter increased by 14.6% to €635.3m, compared to €554.4 in the first quarter 2017. Available seat kilometres (ASK) grew by 18.9% and passenger load factor (PLF) increased by 1.5 points to 82.9%.
JetBlue Airways has reported its results for the first quarter 2018. JetBlue has reported diluted earnings per share of $0.27. This compares to JetBlue’s first quarter 2017 diluted earnings per share of $0.24 cents. Pre-tax income was US$110m, a decrease of 9.2% from the first quarter of 2017. Pre-tax margin was 6.3%, a 1.3 point
Alaska Air Group has reported first quarter 2018 GAAP net income of US$4m compared to US$93m in the first quarter of 2017. First quarter adjusted net income excluding special items such as merger-related costs, an employee bonus awarded in connection with the Tax Cuts and Jobs Act, and mark-to-market fuel hedge accounting adjustments was US$18m,
Boeing has announced its investment in Morf3D, an El Segundo, Calif.-based company specializing in metal-based additive engineering and manufacturing. Morf3D’s technology enables lighter and stronger 3D-printed parts for aerospace applications. Since Morf3D was established in late 2015, the company has produced 3D-printed titanium and aluminum components for Boeing satellites and helicopters. With this investment, Morf3D
Honeywell has reported financial results for the first quarter of 2018. The company reported a very strong start to 2018 with sales for the first quarter up 9% on a reported basis and up 5% on an organic basis. (The difference between reported and organic sales primarily relates to the impact of foreign currency translation).
United Airlines (UAL) has reported its first-quarter 2018 financial results. UAL reported first-quarter net income of US$147m, pre-tax earnings of US$184m and pre-tax margin of 2.0%. Excluding special charges and mark-to-market adjustments, UAL reported first-quarter net income of US$143m, pre-tax earnings of US$179m and pre-tax margin of 2.0%. UAL has repurchased US$747m of its common
Boeing has made an investment in Reaction Engines, a leader in advanced propulsion systems based in Oxfordshire, United Kingdom. Reaction Engines’ technology will contribute to the next generation of hypersonic flight and space access vehicles. Reaction Engines is known for its Synergetic Air-Breathing Rocket Engine (SABRE), a hybrid engine blending jet and rocket technology that
Delta Air Lines has reported financial results for the March quarter 2018. Adjusted pre-tax income for the March 2018 quarter was US$676m, a US$104m decrease from the March 2017 quarter, as record revenues were offset by higher fuel prices and other increased costs including a US$44m impact from severe winter weather. Delta’s adjusted operating revenue
