Compared to first quarter results in 2015, Boeing’s turnover for the first quarter 2016 rose to US$22.6bn, an increase of 2%. Non-GAAP core earnings per share at US$1.74 reflected a solid core operating performance which offset an after-tax charge of US$156 million (US$0.24/share) on the KC-46 tanker program in order to maintain schedule with concurrency
Etihad Airways, the national airline of the United Arab Emirates, posted its strongest annual financial results to date, with a net profit of US$103m on total revenues of US$9.02bn. The performance, which marked the airline’s fifth consecutive year of net profitability, also saw earnings before interest and tax (EBIT) of US$259m, and earnings before interest,
For the first quarter 2016, Spirit’s total operating revenue was US$538.1m, an increase of 9.1% compared to the first quarter 2015, driven by an increase in flight volume, partially offset by a decrease in operating yields. Adjusted net income for the first quarter 2016 was US$72.3m, GAAP net income for the first quarter 2016 was
France’s Safran on Tuesday posted a slightly higher-than-expected 7.8% increase in first-quarter revenue to €4.24bn (US$4.77 bn), led by double-digit aero engine and security gains, and reaffirmed full-year targets. Revenue grew 6.7% on a like-for-like basis, while civil aftermarket revenue rose 8.6% in dollar terms, in line with its goals for the year. Safran, which
B/E Aerospace announced its first quarter 2016 financial results and raised its full year guidance. First quarter 2016 revenues of US$716.7m and operating earnings of US$129.4m increased 4% and 3%, respectively, as compared with the prior year period. Operating margin was 18.1 percent. Net earnings and net earnings per diluted share were US$82.6m representing increases
Finnair has secured financing for its fourth Airbus A350-900 XWB, delivered in March 2016. The transaction amounts to approximately €115m, implemented using a Japanese Operating Lease with Call Option (JOLCO) structure arranged by Credit Agricole. The transaction relates to Finnair’s ongoing long-haul fleet renewal program, which currently consists of 19 new Airbus A350-900 XWB aircraft
Southwest Airlines reported its first quarter 2016 results, with net income, excluding special items, of US$567m compared with first quarter 2015 net income, excluding special items, of US$451m. The airline posted first quarter GAAP net income of US$511m compared with first quarter 2015 GAAP net income of US$453m and first quarter GAAP operating income of
Safran has reached an agreement to sell Morpho Detection, a US-based subsidiary of Safran, and other detection related activities to Smiths Group for an enterprise value of US$710m. Headquartered in Newark, California, Morpho Detection provides solutions for detecting and identifying chemical, biological, radiological, nuclear and explosive threats as well as other illicit items to improve
Alaska Air Group reported record first quarter net income, excluding special items, of US$183m, a 23% increase over the first quarter of 2015. Adjusted diluted earnings per share of $1.45 was a 29% increase over the first quarter of 2015. This quarter’s results exceed First Call analyst consensus estimate of $1.42 per share. Alaska posted
For the first quarter of 2016, total revenue was US$8.2bn, a decrease of 4.8% year-over-year. First-quarter 2016 consolidated passenger revenue per available seat mile (PRASM) decreased 7.4% and consolidated yield decreased 6.1% compared to the first quarter of 2015. The decline in PRASM continues to be driven by economic factors including a strong U.S. dollar
