The Lufthansa Group increased its total revenues for the first nine months of the year by 12.1% to €26,761m (prior-year period: €23,870m). Traffic revenues rose 14.4% to EUR €21,360m (prior-year period: €18,674m). The key performance indicator of Adjusted EBIT increased by €883m to €2,560 (prior-year period: €1,677m). As a result, the Lufthansa Group’s result for
Finnair Group reported third quarter 2017 revenue increased by 14.7% to €735.4m, compared to €640.9m in 2016. Available seat kilometres (ASK) grew by 11.1%. Comparable operating result was €147.5m, compared to €53.3m in 2016. Operating result was €122.2m, compared to €115.5m in 2016. Comparable EBITDAR for the third quarter was €188.9m, compared to €118.3m the
JetBlue Airways has reported its results for the third quarter 2017. The airline reported operating income of US$310m, a decrease of 12.4% from the third quarter of 2016. Pre-tax income was US$293m, a decrease of 11.2% from the third quarter of 2016. Third quarter net income was US$179m million, this compares to JetBlue’s third quarter
Lithuanian leisure carrier’s Small Planet Airlines revenue kept growing in the first half of 2017, reaching EUR118.1m – a 63.2% increase compared to the same period in 2016. Passenger flow grew by one-third and reached 871 000. The airline made a loss of EUR10.2m. This happened due to considerable investments in improving its on-time performance
United Airlines (UAL) reported third-quarter net income of US$637m, pre-tax earnings of approximately US$1.0bn and pre-tax margin of 9.9%. Excluding special charges, UAL reported third-quarter net income of US$669m, pre-tax earnings of US$1.0bn and pre-tax margin of 10.4%. UAL repurchased US$556m of its common shares in the third quarter, bringing the year-to-date share repurchases to
Threats of legal action against Island Air, Hawaii’s second-largest airline, has seen the airline file for Chapter 11 bankruptcy in order to protect it from any threatened action to ground its aircraft and leave hundreds of passengers stranded and to allow it to continue inter-island operations. Only this year Island Air had invested heavily in
Aviation Capital Group (ACG) has closed the sale of US$750m of 3.500% senior unsecured notes due 2027. Proceeds from the Notes will be used for general corporate purposes, including repayment of existing indebtedness. The Notes are not guaranteed by ACG’s parent company, any of ACG’s subsidiaries, or any third party. “Today’s issuance marked the company’s
EDM, a global provider of training simulators to the civil aviation and defence sectors, has invested £1m in a suite of new CNC machines to support its strong growth. Purchased over the past 12 months to help meet the demands of EDM’s rapidly growing order book, the four new CNC machines enable the company to
In what Carsten Spohr, chief executive of Lufthansa, said was a “great day” for his company, Germany’s largest carrier has agreed to purchase the lion’s share of Air Berlin, which filed for bankruptcy protection on August 15. The purchase price of €210m (US$245m) will see Lufthansa looking to acquire 80 of Air Berlin’s 144 aircraft,
Sepang Aircraft Engineering (SAE), an MRO centre based in Kuala Lumpur, Malaysia, partially owned by Airbus since 2011, has become a fully owned Airbus subsidiary, following the acquisition by Airbus of its remaining shares. With this acquisition, SAE becomes an integral part of the Airbus Customer Services network and is set to represent a key
