Alcoa, a leader in lightweight metals, has completed the acquisition of RTI International Metals (RTI), a global leader in titanium and specialty metal products and services for the aerospace, defense, energy and medical device markets. The merger, announced on March 9th, became effective on July 22nd. Under the terms of the merger agreement, each share
United Airlines (UAL) reported second-quarter 2015 net income of US$1.3b excluding US$67m of special items. Including special items, UAL reported second-quarter net income of US$1.2b. These results are a record quarterly profit for the company. For the second quarter of 2015, total revenue was US$9.9bn, a decrease of 4% year-over-year. Second-quarter consolidated passenger revenue decreased
Southwest Airlines’second quarter 2015 total operating revenues were US$5.1bn, a 2.0% increase compared with second quarter 2014, largely driven by second quarter 2015 passenger revenues of US$4.9bn. In second quarter 2014, the Company recorded US$47m in additional passenger revenues due to a change to previously recorded estimates of tickets expected to spoil in the future,
Boeing reported second-quarter revenue increased 11% to US$24.5bn on record commercial deliveries. Second quarter 2015 results included the previously announced US$536mn after-tax charge on the KC-46 Tanker program reflecting higher estimated costs. Net earnings dropped 33% compared to the previous year. Core earnings per share (non-GAAP) guidance for 2015 has been adjusted to between $7.70 and
B/E Aerospace posted its second quarter 2015 financial results. Second quarter 2015 revenues of US$700.6m increased 5.7% as compared with the prior year period (revenues increased 6.5% adjusting for the impact of unfavorable Euro exchange rates). In addition, revenues from the Company’s Russian customers were negatively impacted by the economic sanctions and the collapse in
Avcorp Industries has entered into a definitive agreement to acquire the US-based composite aerostructures division of a subsidiary of Frankfurt -listed SGL Carbon SE (SGL). The transaction will significantly expand the capabilities of Avcorp in composites and offer a strong platform to grow the profitability of the business. Pursuant to the agreement, Avcorp will purchase
Esterline Corporation, a leading specialty manufacturer serving global aerospace and defense markets, has completed the sale of its Pacific Aerospace & Electronics (PA&E) subsidiary, based in Wenatchee, Wash., to an affiliate of ShoreView Industries, a Minneapolis-based private equity firm. PA&E produces electronics packaging and connector products as well as machining and sealing processes to protect
United Technologies has reached an agreement to sell its Sikorsky Aircraft business to Lockheed Martin for US$9bn in cash. The transaction, which is subject to regulatory approvals and customary closing conditions and adjustments, is projected to close by year-end or in the first quarter of 2016. Proceeds from the sale are expected to be used
Air Astana increased its operating profit by 115% to US$23.9m in the first half of 2015. Net profit was US$8.3m, versus a loss of US$36.4m in the first half of 2014 (the result of a book loss following a local currency devaluation), whilst passenger numbers increased by 4% to 1.82 million. Total revenue was however
During the second quarter, Norwegian’s total revenue was almost 5.9 BNOK, up 16% from the same quarter last year while Norwegian’s long-haul routes had a revenue growth of 60%. Norwegian’s production growth for this quarter was 8%, while the company’s traffic growth was 15%. Norwegian’s pre-tax result (EBT) for the 2nd quarter 2015 was 456
