In the first quarter of 2016, Embraer delivered 21 commercial and 23 executive (12 light and 11 large) jets, representing an increase of 38% in total deliveries compared to the first quarter 2015. The Company’s firm order backlog ended the quarter at US$21.9bn, compared to US$20.4bn at the end of the first quarter 2015 and
Air Canada reported first quarter 2016 record EBITDA of CAD$460m compared to EBITDAR of CAD$442m in the same quarter in 2015. For the 12 months ended March 31, 2016, Air Canada’s EBITDAR margin was 18.3%. Air Canada recorded adjusted net income of CAD$85m, compared to adjusted net income of CAD$122m in the first quarter of
Avolon, the international aircraft leasing company, issued an update for the first quarter of 2016 (‘Q1’). Following its acquisition by Bohai Capital in early January 2016, Avolon’s total owned, managed and committed fleet at 31 March, 2016 was 402 aircraft. Avolon is the core aircraft leasing brand for Bohai Capital and its parent, HNA Group.
Airbus Group revenues were stable at €12.2bn (Q1 2015: €12.1bn). Despite lower deliveries of 125 aircraft (Q1 2015: 134 aircraft), revenues were stable at Commercial Aircraft supported by the strengthening average U.S. dollar rate. Helicopters’ revenues declined 10 percent, reflecting lower deliveries of 56 units (Q1 2015: 62 units) and an unfavourable mix. Group EBIT
In the first quarter of 2016, MTU Aero Engines AG generated revenues of €1,097.9m (1-3/15: €1,099.5m). The group’s operating profit was up 34% to €131.3 million (1-3/15: €97.7m). The EBIT margin was 12.0%, or 3.1 percentage points higher than for the same period in the previous year. Earnings after tax increased in line with operating
Air Partner, the global aviation services group, reported results for the year ended, January 2016. Underlying PBT of £4.3m, an increase of 64%, underlying EPS of 29.7p, an increase of 7%, lower than the increase in underlying PBT due to non-recurrence of last year’s credits and a non-recurring US tax item. Excluding this, underlying EPS
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
