AviTrader sponsorship ad

Financial

IAG reports another strong quarter with operating profit up 20.7%

International Consolidated Airlines Group (IAG) presented Group consolidated results for the nine months to September 30, 2017. The Group posted third quarter operating profit of €1,455m before exceptional items (2016: €1,205m). Passenger unit revenue for the quarter was up 0.7%, up 2.2% at constant currency. Operating profit before exceptional items for the period of nine

Read More »

Embraer posts third quarter net income of US$110m

During the third quarter 2017, Embraer delivered 25 commercial jets and 20 executive jets (13 light and 7 large); The Company’s firm order backlog at the end of the third quarter was US$18.8bn, representing an increase from the US$18.5bn reported at the end of 2Q17. Consolidated revenues were US$1,310.4m, representing a decline of 13.5% compared

Read More »

Air Canada reports strong financial performance in third quarter 2017

Air Canada has reported third quarter 2017 EBITDAR of CA$1.388bn compared to the previous third quarter 2016 EBITDAR of CA$1.248bn, an increase of CA$140m. The airline recorded a third quarter EBITDAR margin of 28.4%. On a GAAP basis, Air Canada reported third quarter operating income of CA$1.004bn compared to the previous third quarter 2016 operating

Read More »

MTU Aero Engines presents nine-month results and raises earnings forecast

In the first nine months of 2017, MTU Aero Engines AG saw its revenues increase by 10% to €3,745.4m (1-9/2016: €3,401.3m). The group’s operating profit increased by 14% from €393.8m to €450.6m, improving the EBIT margin from 11.6% to 12.0%. Earnings after tax rose by 17% to €320.4m (1-9/2016: €273.4m). “Based on these results and

Read More »

Boeing reports third-quarter revenues of US$24.3bn

The Boeing Company has reported third-quarter revenue of US$24.3bn, with GAAP earnings per share of $3.06 and core earnings per share (non-GAAP) of US$2.72, reflecting strong deliveries, services and delivery mix, and overall solid execution. The company’s cash flow guidance is increased to US$12.5bn from US$12.25bn, driven by improved performance. Full year EPS guidance is

Read More »

Lufthansa Group strengthens financial base with best-ever nine-month result

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

Read More »

Finnair Group reports strong third quarter operating results

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

Read More »

JetBlue's third quarter net income down 10%

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

Read More »

Small Planet Airlines grows revenue by more than half in 2017 H1

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

Read More »
AviTrader sponsorship ad