Spirit Airlines reported that adjusted net income for the third quarter 2013 increased 130.3% to $57.9m compared to $25.2m for the third quarter 2012. GAAP net income for the third quarter 2013 was $61.1m compared to $30.9m in the third quarter 2012. Spirit achieved an adjusted pre-tax margin of 20.3%, the highest quarterly adjusted pre-tax
JetBlue reported record third quarter operating revenues of $1.4bn. Revenue passenger miles for the third quarter increased 5.4% to 9.56bn on a capacity increase of 5.1%, resulting in a third quarter load factor of 85.0%, an increase of 0.2 points year over year. Operating expenses for the quarter increased 8.1%, or $95m, over the prior
Safran released that third-quarter 2013 adjusted revenue was €3,437m, up 9.7% on a reported basis, up 10.9% on an organic basis, compared to third quarter 2012. Aerospace (Propulsion and Equipment)) activities continue to benefit from civil aftermarket growth and OE momentum. Revenue was slightly up in Defence activities and – due to adverse currency variations
Rockwell Collins reported fiscal year 2013 earnings per share of $4.58, an increase of 10% from 2012. Total company sales for fiscal year 2013 were $4.61bn, a 2% decline from last year. The lower sales volume was driven by an 8% decrease in Government Systems sales, partially offset by a 4% increase in Commercial Systems
Lufthansa Group reported operating result before restructuring costs and non-recurring effects increased to about €860m in the first nine months of 2013, the operating result, including non-recurring costs for the Score program and project costs for product improvements, came to €660m for the first nine months (previous year: €907m). Lufthansa Group increased its adjusted operating
Finnair’s turnover decreased slightly in the third quarter of the year from the corresponding period in 2012 and totalled €637m. Turnover was affected especially by the year-on-year decline in euro-denominated revenue, driven by the weak yen. Demand for air traffic developed well, but not enough to compensate the decrease in unit revenues, which was reflected
Alaska Air Group reported third quarter 2013 GAAP net income of $289m compared to $163m in the third quarter of 2012. Excluding the impact of mark-to-market fuel hedge adjustments of $20m and a one-time special revenue item of $192m ($120m after tax) that primarily resulted from the application of new accounting rules associated with the
United Airlines (UAL) reported third-quarter 2013 net income of $590m, an increase of 13.5% year-over-year, excluding $211m of special charges. Including special charges, UAL reported third-quarter 2013 net income of $379 million. UAL generated $10.2bn of revenue in the third quarter of 2013 and ended the third quarter with $6.7bn in unrestricted liquidity.
MacCarthy Aviation Holdings announced that the business and assets has been purchased by Berwick Industries, part of the Berwick Group with the new company trading under the name of ‘MAC Interiors’ with immediate effect. The sale, completed at the beginning of October, is a major step forward for the business which has a good order
Hong Kong Aircraft Engineering Company (HAECO) has entered into a conditional stock purchase agreement for the acquisition of TIMCO Aviation Services for a cash consideration of US$388.8m, subject to closing adjustments. TIMCO is a U.S. based provider of aircraft maintenance, repair and other services. The Seller is a company controlled by investment vehicles managed by
