In the second quarter 2017, Embraer delivered 35 commercial and 24 executive (16 light and 8 large) jets, compared to the 26 commercial and 26 executive (23 light and 3 large) jet deliveries in the second quarter 2016. The Company’s firm order backlog ended the quarter at US$18.5bn. Revenues in the second quarter increased 29.5%
Air France-KLM has announced a further major step in the reinforcement of its strategic partnerships with the creation of a single global joint-venture between Air France-KLM, Delta Air Lines and Virgin Atlantic and the strengthening of its partnership with China Eastern Airlines. Air France-KLM will acquire Virgin Group’s 31% stake in Virgin Atlantic for £220m
Grupo Viva Aerobus, holder of Viva Aerobus, Mexico’s ultra low-cost airline, reported a 42% increase in its total operating revenues of the second quarter of 2017 compared to the same period in 2016, reaching 1,872 million pesos. Viva Aerobus also reported a 29% increase in its net income compared to 2Q2016, with a total of
AeroCentury, an independent aircraft leasing company, has reported that the participants in its credit facility, for which MUFG Union Bank is the lead participant and agent bank, have added a fifth participant to the lender syndicate and expanded the total revolving credit facility amount to US$170m from US$150m. The Company also announced that it had
Airbus SE has reported half-year (H1) 2017 financial results and maintained its guidance for the full year. Order intake totalled €37.2bn (H1 2016: €39.1bn) with the order book valued at €981bn as of 30 June 2017 (year-end 2016: €1,060bn). A total of 203 net commercial aircraft orders were received (H1 2016: 183 aircraft), with the
Alaska Air Group reported net income for the second quarter under Generally Accepted Accounting Principles (GAAP) of US$296m, compared to net income of US$260m in 2016. As the acquisition of Virgin America closed on Dec. 14, 2016, second quarter 2017 information reflects the results of Virgin America, including the impacts associated with purchase accounting. Second
Boeing has reported strong earnings and operating cash flow in the second quarter of 2017, driven by improved operating performance. Second-quarter GAAP earnings per share increased to US$2.89 and core earnings per share (non-GAAP) increased to US$2.55. Revenue was US$22.7bn, reflecting planned production rates and timing of commercial and defense aircraft deliveries. Operating cash flow
Honeywell has reported financial results for the second quarter of 2017. Honeywell sales for the second quarter were up over 3% on an organic basis and up 1% on a reported basis. The difference between reported and organic sales is the impact of foreign currency translation, the 2016 spin-off of the former Resins and Chemicals
JetBlue Airways has reported its results for the second quarter 2017 with operating income of US$354m, an increase of 13.0% from the second quarter of 2016. Pre-tax income was US$332m, an increase of 14.9% from the second quarter of 2016. Second quarter net income was US$211m, compared to net income of US$181m the previous year.
Ryanair has posted a 55% rise in first quarter profit to €397m. This result is distorted by the timing of Easter in the first quarter, with no holiday period in the prior year comparative. Traffic grew 12% to 35m as Ryanair’s lower fares and “Always Getting Better” (AGB) programme delivered a record 96% load factor.
