Virgin America reported its financial results for the third quarter of 2015. Net income was US$73.0m excluding special items, an increase of US$31.3m from the third quarter of 2014. Operating income and operating margin excluding special items were US$75.0m and 18.2%, respectively. Total operating revenue was US$410.9m, an increase of 1.3% over third quarter of
Spirit AeroSystems reported third quarter financial results driven by positive operating performance of mature programs. Spirit’s third quarter 2015 revenues were US$1.6bn, down 6% compared to the same period of 2014 primarily due to the Gulfstream wing divestiture and lower revenues recognized on the 787 program. Operating income was US$192m, down from US$216m for the
B/E Aerospace reported third quarter 2015 revenues of US$679.8m an increase of 4.0% as compared with the prior year period. On a constant currency basis revenues increased approximately 4.9%. Operating earnings of US$124.2m increased 1.9% and operating margin was 18.3%, while net earnings were US$76.7m, representing an increase of 14.3% as compared with the prior
In the third quarter 2015 Embraer delivered 21 commercial and 30 executive (21 light and 9 large) jets. Deliveries in the first nine months of 2015 were 68 commercial and 75 executive (57 light and 18 large) jets. The Company closed 20 firm orders for the current generation of the E-Jets commercial jets, reaching a
Volo Aero MRO announced the purchase of Flag Precision Corp an FAA certified repair station based in Massachusetts. Flag Precision Corp was established in 1964 and became an FAA certified repair station in 1993 with a limited powerplant and airframe rating, providing specialized services. With a strong reputation of providing high precision grinding solutions to
Blackstone and MB Aerospace (MBAe) announced that private equity funds managed by Blackstone have agreed to acquire MBAe, a leading Tier I engine component manufacturer and repair business, from Arlington Capital Partners. MB Aerospace has facilities across the U.S., U.K., and Poland. The company has a well-balanced manufacturing model providing complex machined and fabricated assemblies
In the first nine months of 2015, MTU Aero Engines AG boosted its revenues by 16% to €3,257.0m (1-9/2014: €2,811.6m). The group’s operating profit grew by 23% to €333.1m (1-9/2014: €270.9m), while the EBIT margin rose from 9.6% to 10.2%. Net income increased by 30% to €231.4m (1-9/2014: €178.3 million). MTU’s commercial maintenance business recorded
Garuda Indonesia booked a net income of US$51.4m through the third quarter 2015, an increase of 123.4% compared to the same period last year when it incurred a loss of US$220.1m. The Company also increased total revenue from US$2.83bn through the third quarter 2014 to US$2.84bn during the same period in 2015. Meanwhile, total expenses
American Airlines Group’s third quarter 2015 net profit, excluding net special charges, was a record US$1.9bn, versus a third quarter 2014 net profit excluding net special charges of US$1.2bn. This is the highest quarterly profit in the Company’s history. The Company’s third quarter 2015 pretax margin excluding net special charges was 17.7%, up 6.7 percentage
Norwegian reported its third quarter results for 2015 with a pre-tax result (EBT) of NOK1.1bn (£87m), a strong improvement from the same quarter previous year. The company’s long-haul operations and international routes have a positive impact on the results. The load factor is at a record high of 91%. The pre-tax result was NOK1.1bn, a
