American Airlines Group reported GAAP net profit of US$950m, compared to a GAAP net profit of US$1.7bn in the second 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 a US$543m provision for income taxes at
Bombardier has renewed its Authorized Service Facility (ASF) agreement with Taikoo (Shandong) Aircraft Engineering Company Limited (STAECO) of Jinan, China for an additional three-year term. In addition to providing maintenance services for CRJ Series aircraft as done under the original agreement, STAECO will now also provide maintenance services for Q400 turboprops. Under the agreement, STAECO
Boeing reported it will recognize an impact to earnings across three programs when it announces second-quarter 2016 results on July 27. On the 787 program, the company decided not to invest funds for the refurbishment and sale of the two remaining unsold flight test aircraft that were scheduled to be introduced into the modification line.
Aéroports de Montréal reported its consolidated operating results for the three- and six-month periods ended June 30, 2016. These results are accompanied by data on passenger traffic and aircraft movements at Montréal-Trudeau and Montréal-Mirabel international airports. Montréal-Trudeau set new passenger records for both periods, with 4.0 million passengers enplaned/deplaned in the second quarter, an increase
Alaska Air Group reported second quarter 2016 GAAP net income of US$260m, compared to US$234m in the second quarter of 2015. Excluding the impact of mark-to-market fuel hedge adjustments and merger costs, the company reported adjusted net income of US$263m, compared to adjusted net income of US$230m in 2015. Alaska Air Group held US$1.6bn in
Southwest Airlines reported its second quarter 2016 results with a quarterly GAAP net income of US$820m, compared with second quarter 2015 GAAP net income of US$608m. Excluding special items, quarterly net income was US$757m, compared with second quarter 2015 net income of US$691m. Quarterly GAAP operating income amounted to US$1.3bn, resulting in a strong second
Air Astana has recorded a net loss of US$6.6m and an operating profit of US$0.975m, for the first half of 2016. Operating revenue fell by 30% to US$275m, driven by a signification devaluation of the Kazakh Tenge in comparison with the first half of 2015, and by weaker regional travel markets in the wake of
Wizz Air Holdings, the largest low-cost airline in Central and Eastern Europe, issued an unaudited interim management statement for the three months to June 30th, 2016 (first quarter, Q1, F2017). Total revenue increased 9.8% in Q1 to €364.9m and reported net profit was €50.7m in Q1, a year on year increase of 54.2%. Underlying net
For the second quarter of 2016, United Airlines reported total revenue was US$9.4bn, a decrease of 5.2% year-over-year. Second-quarter 2016 consolidated passenger revenue per available seat mile (PRASM) decreased 6.6% and consolidated yield decreased 6.1% compared to the second quarter of 2015. The decline in PRASM continues to be driven by factors including a strong
Spectre Air Capital, has completed the purchase of Stands on Demand (SOD). SAC will continue to operate the engine stand leasing business and will launch a new platform in short order. As part of the transaction the owners of SOD will own a minority share in the new joint company. Jordan Jaffe, CEO of SAC,
