airberlin’s maintenance unit, has been acquired by family-owned Zeitfracht and maintenance group Nayak, for a sum as yet undisclosed. This should save approximately 300 jobs. Zeitfracht is also buying Air Berlin’s cargo marketing unit. The remaining 550 maintenance employees who will not be going to Zeitfracht will be taken on by a so-called ‘transfer company’
easyJet has signed an agreement with airberlin to acquire part of its operations at Berlin Tegel airport for a purchase consideration of €40m. This excludes potential start-up and transitional operating costs. The acquisition is subject to regulatory approvals and is expected to close in December 2017. The acquisition will result in easyJet entering into leases
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
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
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
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
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
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
