Financial

In the first half of 2016 the international technology group RUAG lifted its net sales by 8.7% to CHF896m despite a challenging business environment. Moreover, earnings before interest and taxes (EBIT) rose to CHF66m, a 40.7% increase over the prior-year period. Of total first-half sales, 59% relate to civil orders while orders from outside Switzerland

HEICO CORPORATION reported that net income increased 22% to US$42.0m in the third quarter of fiscal 2016, up from US$34.4m in the third quarter of fiscal 2015. In the first nine months of fiscal 2016, net income increased 18% to a record US$111.9m up from US$95.1m in the first nine months of fiscal 2015. Net

Qantas reported an underlying profit before tax of A$1.53bn for the 12 months ended 30 June 2016. The record performance is a 57% improvement on financial year 2015. Qantas Domestic, Qantas International, the Jetstar Group and Qantas Loyalty all reported record results. Total underlying EBIT in the domestic market – across both Qantas and Jetstar

AerCap Holdings N.V. reported that its Board of Directors has authorized a new US$250m share repurchase program, which will run through December 31, 2016. This program is in addition to the US$250m share repurchase program announced on May 31, 2016, which runs through September 30, 2016, as well as the US$400m share repurchase program announced

Avianca Holdings S.A. reported second quarter operating income (EBIT) reached US$37.6m, posting an operating margin of 3.9%, a 341 bps increase over the same quarter of last year. Furthermore operating revenues amounted to US$966.2m for the quarter. These results were mainly driven by a 12.1% reduction in total operating costs1 as the Company continued to

Israel Aerospace Industries issued its consolidated financial statements for the quarter ended June 30, 2016. The Company reported sales of US$877m in the second quarter of the year compared to US$928m in Q2 2015, with net income of US$6m compared to net income of approximately US$20m in Q2 2015 and operating income of US$22m compared

As the Italian Government has reversed the €2.50 municipal tax increase from September 1 2016 and revised airport guidelines, which will enable Italy’s regional airports to compete on a level playing field with airports in Rome and Milan as long as they comply with the EU’s MEIP rules. These initiatives have now allowed Pescara airport

Honeywell has reached a definitive agreement to sell Honeywell Technology Solutions Inc. (HTSI), a global provider of professional space, security, logistics and manpower services in the Government Services market, to KBR for approximately US$300m. The transaction, which is subject to customary closing conditions and required regulatory approvals, is expected to close in 2016. HTSI is

Finnair Group reported that revenue grew by 3.8% year-on-year to €1,106.0m compared to €1,065.2 in 2015. Comparable operating result was €-12.2m compared to €-41.3 in 2015. Operating result was €-17.4m compared to €-13.9m in 2015. Comparable EBITDAR was €92.7m compared to €56.5 the previous year. Net cash flow from operating activities stood at €130.0m compared