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Financial

Airbus Group posts nine-month 2016 results

Airbus Group reported nine-month 2016 results which reflect the ongoing ramp-up and transition from current to new aircraft models (NEO). Group order intake in the first nine months of 2016 was €73.2bn (9m 2015: €111.9bn), with the order book value totalling €986bn as of 30 September 2016 (year-end 2015: €1,006bn). Airbus received 380 net commercial

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Boeing reports third-quarter results and raises full year guidance

Boeing reported third-quarter GAAP earnings per share of US$3.60 and core earnings per share (non-GAAP) of US$3.51 reflecting overall solid execution on production programs and services, favorable tax items (US$0.98 per share), and timing of aircraft deliveries. Rvenue guidance has been increased US$500m to between US$93.5 and US$95.5bn on higher commercial deliveries. GAAP earnings per

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Spirit Airlines reports third quarter 2016 results

For the third quarter 2016, Spirit’s total operating revenue was US$621.3m, an increase of 8.1% compared to the third quarter 2015, driven by a 12.6% increase in flight volume and 0.8 point increase in load factor, partially offset by a decrease in operating yields. Total revenue per available seat mile (TRASM) for the third quarter

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Rockwell Collins to acquire B/E Aerospace for US$8.3bn

Rockwell Collins, a global leader in high-integrity solutions for aerospace and defense, and B/E Aerospace, a leading manufacturer of aircraft cabin interior products, have entered into a definitive agreement under which Rockwell Collins will acquire B/E Aerospace for approximately US$6.4bn in cash and stock, plus the assumption of US$1.9bn in net debt. Under the terms

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Norwegian reports third quarter net profit of NOK 993m

Norwegian (NAS) reported its best quarterly results ever. The net profit was NOK 993m (£99m), an improvement of NOK 160m compared to the same quarter the previous year. The load factor was 91% and the performance was positive in all markets, with Spain boasting the strongest passenger growth. In the third quarter, Norwegian carried 8.6

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Alaska Air Group reports third quarter 2016 net income of US$256m

Alaska Air Group reported third quarter 2016 GAAP net income of US$256m, compared to US$274m in the third quarter of 2015. Excluding the impact of merger-related costs and mark-to-market fuel hedge adjustments, the company reported record adjusted net income of US$272m compared to adjusted net income of US$277m in 2015.

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American Airlines Group reports third quarter profit

American Airlines Group reported a GAAP net profit of US$737m in the third quarter 2016, this compares to a GAAP net profit of US$1.7bn in the third quarter 2015. As a result of the reversal of the valuation allowance on the Company’s deferred tax assets as of December 31, 2015, the Company’s 2016 results include

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Alitalia switches to new Sabre IT system to boost revenues

Alitalia has successfully completed a major IT system upgrade which is set to generate a substantial increase in additional revenues for the airline and improve customer service. The introduction of the new system is part of the overall business restructuring plan to place the airline on a sustainable commercial platform. All of Alitalia’s reservations, check-in

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Brexit impact sees Ryanair lower profit forecast

Ryanair, the Republic of Ireland-based low-cost carrier has lowered its profit forecast for the financial year 2016-2017 by 5% as a result of the continued impact of the UK’s decision to leave Europe. While the Republic of Ireland will remain in Europe, 26% of its income is in UK pounds sterling, a currency which has

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