Volaris, the ultra-low-cost airline serving Mexico and the US, reported its financial results for the first quarter 2014. Total operating revenues were Ps.2,775mn for the first quarter, a decrease of 9%, reflecting a challenging macroeconomic and pricing environment, as well as a seasonal impact. Holy week, one of the most active travel weeks in Mexico,
Dubai Aerospace Enterprise (DAE) reported revenue for full year 2013 increased to US$ 2,105m (AED 7,735m) from US$ 1,943m (AED 7,140m) for full year 2012. Net Income for full year 2013 increased to US$111.6m (AED 410m) from US$7.8m (AED 29.0m) in 2012.
The results reported by MTU Aero Engines AG for the first quarter 2014 are in line with the previous year. Group revenues remained stable at €913.0m (1-3/13: €906.0m). MTU’s operating profit in the first three months of 2014 amounted to €89.0m (1-3/13: €88.3m), resulting in an unchanged EBIT margin of 9.7%. Earnings after tax also
airberlin closed the 2013 financial year with an operating loss (EBIT) of €-231.9m (€70.2m in financial year 2012). EBITDAR amounted to €432.7m in financial year 2013 (financial year 2012: €736.4m), EBITDA to €-146.7m (financial year 2012: €144.3m). The Turbine efficiency program achieved the desired contribution of €200m to the cost and turnover side and a
Etihad Airways welcomed airberlin’s decision to accelerate structural change within the airline to target sustainable profitability. airberlin announced a strategic review of its long-term business model as it reported its 2013 annual financial results. The predominant objective will be to restructure the airline and shape a robust business model that is fit for purpose in
Alaska Air Group reported record first quarter net income, excluding special items, of $89m compared to adjusted net income of $44 million in the prior-year quarter. Recorded net income for the first quarter under Generally Accepted Accounting Principles (GAAP) of $94m, compared to net income of $37m in 2013. Reported record adjusted pretax margin for
For the first quarter 2014, American Airlines Group reported a record GAAP net profit of $480m. This compares to a net loss of $341m in the first quarter 2013. The company’s GAAP results for the first quarter 2013 reflect AMR Corporation prior to the merger. On a combined basis, total revenues in the first quarter
Southwest Airlines reported its first quarter 2014 results with first quarter net income, excluding special items, of $126m, compared to first quarter 2013 net income, excluding special items, of $53m. First quarter net income of $152m, which included $26m (net) of favorable special items, compared to net income of $59m, in first quarter 2013, which
United Airlines reported a first-quarter 2014 net loss of $489m, excluding $120m of special items. Including special items, UAL reported a first-quarter 2014 net loss of $609m. For the first quarter of 2014, total revenue was $8.7bn, a decrease of 0.3% year-over-year. First-quarter consolidated passenger revenue decreased 2.3% to $7.4bn, compared to the same period
Avcorp Industries has received a Strategic Aerospace and Defence Initiative (SADI) Contribution Agreement from the Government of Canada for up to $4.4m to support development of advanced metal bond manufacturing processes and capabilities. In particular, this SADI supported project will assist Avcorp to undertake specific capability development for large, complex metal bonded structural components, for
