The SIA Group reported a net profit of SG$425m in the first half of the 2017-18 financial year, SG$103m (+32.0%) higher than last year. This was the result of a higher Group operating profit (+SG$211m) and lower share of losses from associated companies (+SG$46m), in the absence of last year’s gain on SIA Engineering’s divestment
Astronics Corporation has released its financial results for the three and nine months ended September 30, 2017. Consolidated third quarter sales were down US$5.5m from the same period last year. Aerospace segment sales of US$128.7m were up $3.5 million and Test Systems segment sales of US$21.0m were down US$9.0m. Consolidated gross margin was 21.7% in
Having failed in its attempt to acquire approaching 10 percent of American Airlines, Qatar Airways has announced that it is now aiming to buy a 9.6 percent holding in Hong Kong-based Cathay Pacific for US$660 million. The move comes as what will hopefully be the culmination of a two-year attempt to expand the Gulf-carrier’s global
StandardAero Aviation and Airbus have finalized the acquisition by StandardAero of Vector Aerospace from Airbus. Vector is a global aerospace maintenance, repair and overhaul company, providing responsive, quality support for turbine engines, components, fixed- and rotary-wing aircraft. A truly international company, it generated revenues of over US$700m in 2016 and employs approximately 2,200 people in
AirFrance-KLM have reported third quarter 2017 operating result of €1,022m, an improvement by €285m compared to last year. The main items contributing are the positive trend in Group’s unit revenues resulting in an increase of €266m, whereas the decrease in fuel price including hedge results contributed €61m. Adjusted for the interest portion of operating leases,
Bombardier, the Canadian plane and train manufacturer has released third-quarter 2017 financial results, revealing revenues of US$3.8 billion, EBIT before special items of US$165 million and an 8.8 percent EBIT margin for its Business Aircraft sector. Commercial Aircraft EBIT before special terms was as anticipated, in relation the C Series ramp-up plan, at US$495 million.
WestJet has posted its third quarter results for 2017, with record net earnings of CA$138.4m, as compared with the net earnings of CA$116.0m reported in the third quarter of 2016, up 19.4% and 21.6% respectively. WestJet achieved its 50th consecutive quarter of profitability and flew an all-time quarterly record of 6.5 million guests. Based on
Following on from the rostering debacle, Ryanair has addressed the competitiveness of the low-cost carrier’s pilots’ pay, together with communication, career progression and basing. Michael O’Leary, the company’s CEO has claimed that the pay offered was “already slightly higher” that competitor airlines, but he admitted that response to a tightening market for experienced first officers
In summary, the results for Airbus’ nine-month results for 2017 reveal revenue of €43bn, EBIT adjusted at €1.8bn, EBIT reported €2.3bn and EPS reported at €2.39bn. According to the company, the commercial aircraft market is healthy with a robust backlog which is supporting ramp-up plans. However, engine delays have had an impact on the 9m
Ryanair has reported an 11% increase in profit to €1.29bn in the first half to September 30, 2017. Traffic grew 11% to 72m thanks to a strong Easter, traffic grew 11% with 5% lower airfares. Unit costs (including fuel savings) fell 5%, ex-fuel unit costs were flat. Operating activity in the first half generated over
