Garuda Indonesia has booked a US$29.3m net profit in the first half of 2015, increasing 114.5% compared to the same period last year, which was a negative US$201.3m. The performance growth – amidst the economic down turn – has been achieved through various initiatives by the airline called the “Quick Wins” program, as well as
FLY Leasing (FLY) is reporting a net loss of US$58.3m for the second quarter of 2015. This compares to net income of US$21.7m for the same period of 2014. The second quarter 2015 loss reflects a non-cash US$65.4m impairment charge. The second quarter 2014 results include US$18.9m in gains from aircraft sales. Operating lease revenue
Rolls-Royce announced plans to invest up to £60m in its facility in Inchinnan, Renfrewshire, creating a new Centre of Competence (CoC) for the manufacture of aerofoils and a new location for the manufacture of mainline engine shafts. The new CoC will manufacture an extensive range of aerofoils, including turbine and compressor components, for Rolls-Royce engines
GKN, a UK headquartered global engineering group with over 50,000 people working in the aerospace, automotive and land systems markets, has agreed to acquire Fokker Technologies Group B.V from Arle Capital for an enterprise value of €706m (£499m). The acquisition of Fokker further enhances GKN’s position as a leading global supplier to the aerospace industry.
WestJet announced its second quarter results for 2015, with net earnings of CA$61.6m as compared with the net earnings of CA$51.8m reported in the second quarter of 2014. WestJet achieved an on-time performance rate of 91.3% in the second quarter, a year-over-year improvement of 6.8 points. Based on the trailing twelve months, the airline achieved
China Eastern Airlines and Delta Air Lines signed an agreement to expand their partnership and better connect Delta’s global network with China Eastern, one of the leading airlines in China. The agreement will include a US$450m investment by Delta to acquire a 3.55% stake in China Eastern. This move marks a significant step in the
For the second quarter 2015, Spirit’s total operating revenue was US$553.4m, an increase of 10.8% compared to the second quarter 2014, driven by an increase in flight volume, partially offset by a decrease in operating yields. Adjusted net income for the second quarter 2015 increased 12.6% to US$74.8m compared to the second quarter 20141. GAAP
Alaska Air Group reported second quarter 2015 GAAP net income of US$234m compared to $165m in the second quarter of 2014. Excluding the impact of mark-to-market fuel hedge adjustments of US$6m (US$4m after tax), the company reported record adjusted net income of US$230m compared to adjusted net income of US$157m in 2014.
MTU Aero Engines AG saw its first-half-year revenues rise by 21% to €2,202.0m in 2015 (1-6/14: €1,815.8m). The group’s operating profit grew by 25% to €212.8m (1-6/14: €170.7m), while the EBIT margin increased from 9.4% to 9.7%. Earnings after tax climbed 33% to €147.2m (1-6/14: €111.0m). The greatest increase in revenues in the first six
Despite a 5.4% Q3 fall in revenue per seat to £59.08 (US$91.95) easyJet is looking to post a full year profit of between £620million – £660million (US$965million – US$1.03billion). The results have exceeded expectations given in May’s guidance. The airline was beset with problems during Q3 with the Fiumicino fire which caused 773 cancellations, and
